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Global Milk Thistle Market 2024–2033
Report Snapshot CAGR: 9.1% 112.8M 2023 123.1M 2024 269.5M 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Gaia Herbs NOW Foods Jarrow Formulas Nature’s Bounty Swanson Health Products Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description As per the current market research conducted by the CMI Team, the global Milk Thistle Market is expected to record a CAGR of 9.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 123.1 Million. By 2033, the valuation is anticipated to reach USD 269.5 Million. The milk thistle market revolves around the cultivation, processing, and distribution of products derived from the milk thistle plant, primarily known for its potential health benefits. As an herbal supplement, it gained traction for its perceived liver-protective qualities and antioxidant properties. The market is influenced by consumer trends favouring natural remedies, with key players investing in research, diversification, and sustainable practices. Post-COVID, the market has witnessed increased online presence, focusing on immune health benefits. Overall, it reflects a dynamic industry meeting evolving consumer demand for wellness products and sustainable, natural alternatives. Milk Thistle Market – Significant Growth Factors The Milk Thistle Market presents significant growth opportunities due to several factors: Increasing Health Consciousness: Growing awareness of health benefits associated with milk thistle, particularly its potential in liver health and detoxification, is driving consumer interest and demand for related products. Rising Preference for Natural Supplements: The global trend towards natural and herbal supplements has contributed to the popularity of milk thistle, as consumers seek alternatives with perceived holistic benefits and fewer side effects than synthetic options. Research and Development Advancements: Ongoing research into the therapeutic properties of milk thistle, leading to the development of innovative formulations and applications, is enhancing its appeal, and expanding its use in various health-related products. E-commerce Growth: The increasing prevalence of e-commerce platforms has facilitated easier access to milk thistle products, providing consumers with a convenient and efficient way to purchase health supplements. Expanded Product Offerings: The market can capitalize on opportunities to diversify milk thistle products, including combinations with other complementary ingredients or the development of new formulations, catering to a broader range of consumer preferences. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Capsule’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#1d3557’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Powder and Granules’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ee9b00’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Liquid Extract’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#457b9d’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Lubricating’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e63946’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Specialty Oils’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#a8dadc’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, { label: ‘Others’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:6 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Milk Thistle Market 2024–2033 (By Form)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Milk Thistle Market – Mergers and Acquisitions The Milk Thistle Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Milk Thistle Market include: In 2023, Gencor, a leading health science company, unveiled a novel Ayurvedic blend aimed at promoting liver health. This innovative combination reflects Gencor’s commitment to leveraging Ayurveda for wellness, introducing a holistic solution to support and enhance liver function. In 2021, Gaia Herbs, Inc. introduced “Liver Cleanse Everyday Support,” a new product featuring milk thistle extract. Specifically designed to aid the liver’s natural detoxification, this innovation aligns with the growing consumer focus on holistic wellness and herbal solutions for overall health. In 2022, A proposal seeks to permit the incorporation of milk thistle seed extract (silymarin) as a supplemental ingredient in foods under Canada’s Supplemented Foods Regulations. These regulations, outlined in Division 29, Part B of the Food and Drug Regulations, govern the use and regulation of supplemental ingredients. These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Milk Thistle Market. The trend is expected to continue as companies seek to gain a competitive edge in the market. COMPARATIVE ANALYSIS OF THE RELATED MARKET Milk Thistle Market Pharmaceutical Waste Management Market Stretcher Chairs Market CAGR 9.1% (Approx) CAGR 7.8% (Approx) CAGR 5.3% (Approx) USD 269.5 Million by 2033 USD 65.6 Billion by 2033 USD 365.6 Million by 2033 Milk Thistle Market – Significant Threats The Milk Thistle Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include: Regulatory Challenges: Fluctuating regulatory standards and restrictions on the use of certain herbal supplements pose a threat to the milk thistle market. Evolving regulations may impact product formulations, labelling, and overall market accessibility. Competition from Synthetic Alternatives: The availability of synthetic alternatives for liver health and antioxidant support poses a threat to the milk thistle market. Consumer preferences may shift towards pharmaceutical options, impacting the demand for natural supplements. Quality Control Issues: Inconsistent quality control across the production chain may lead to variations in the efficacy of milk thistle products. Quality concerns, such as contamination or insufficient active ingredients, can erode consumer trust and impede market growth. Limited Scientific Validation: The limited number of well-established clinical studies supporting the efficacy of milk thistle for certain health claims poses a threat. Without robust scientific validation, the market may face scepticism from both consumers and healthcare professionals. Environmental Factors: Climate changes, environmental pressures, and challenges in cultivating milk thistle could impact the supply chain. Unpredictable weather conditions and ecological threats may disrupt production, leading to potential shortages and affecting market stability. Global Milk Thistle Market 2024–2033 (By Application) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Pharmaceuticals’, ‘Dietary Supplements’, ‘Functional Foods’, ‘Others’], datasets: [{ data: [95, 85, 75, 65], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Category-Wise Insights By Application: Pharmaceuticals: Milk thistle in pharmaceuticals involves its incorporation into drugs for medicinal purposes, particularly liver-related treatments. Growing research into its therapeutic properties and the development of novel pharmaceutical formulations signal a trend towards expanded applications, with milk thistle becoming a potential component in addressing various health conditions. Dietary Supplements: In dietary supplements, milk thistle is harnessed for its perceived health benefits, notably liver support, and antioxidant properties. A rising consumer preference for natural remedies and increased awareness of holistic well-being drive the growth of milk thistle in the dietary supplements segment. Functional Foods: Functional foods incorporating milk thistle capitalize on their health-promoting properties, targeting consumers seeking both nutrition and well-being benefits. The trend involves the integration of milk thistle into diverse food products, aligning with the demand for convenient, health-enhancing options in the functional foods market. Others: In the “Others” category, milk thistle may find application in diverse products beyond pharmaceuticals, supplements, or functional foods. This category reflects the versatility of milk thistle, with emerging applications and innovative uses that expand its market presence, driven by ongoing research and evolving consumer preferences. By Form Capsule: Capsules, a prevalent form in the milk thistle market, offer convenient and precise dosages. Trends include the integration of additional herbal ingredients for synergistic benefits and the rise of vegan capsules, aligning with the increasing demand for plant-based products. Powder and Granules: Powder and granule forms of milk thistle cater to diverse consumer preferences, enabling versatility in product applications. Current trends focus on incorporating these forms into smoothies, shakes, and dietary blends for a seamless intake experience. Liquid Extract: Liquid extracts of milk thistle are gaining popularity for their rapid absorption. Current trends emphasize the inclusion of standardized extracts in functional beverages and the development of flavored options to enhance palatability. Lubricating: Lubricating formulations in the milk thistle market may refer to topical applications. A current trend involves the integration of milk thistle in skin care products, leveraging its potential antioxidant and anti-inflammatory properties for skin health. Specialty Oils: Specialty oils, often derived from milk thistle seeds, are recognized for their potential health benefits. Current trends involve the promotion of these oils for culinary use, emphasizing their nutritional value and unique flavor profiles in cooking and salad dressings. Others: The “Others” category may encompass innovative formulations such as milk thistle-infused gummies, patches, or combination products. Trends in this segment include the exploration of creative delivery methods and the integration of milk thistle into novel product categories to diversify consumer choices. Global Milk Thistle Market 2024–2033 (By Distribution Channel) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Pharmacies/Drugstores’, ‘Health Food Stores’, ‘Online Retail’, ‘Supermarkets/Hypermarkets’], datasets: [{ data: [95, 85, 75, 65], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); By Distribution Channel Pharmacies/Drugstores: Pharmacies and drugstores are conventional channels offering milk thistle supplements and products. In this segment, the trend involves an increasing demand for trusted and clinically backed formulations, aligning with the preference for professional advice. Health Food Stores: Health food stores cater to the growing trend of consumers seeking natural and organic products. In the milk thistle market, this segment sees a surge in demand for supplements emphasizing overall well-being and clean, plant-based ingredients. Online Retail: Online retail is a rapidly expanding distribution channel for milk thistle products. The trend involves a shift towards convenient e-commerce platforms, enabling consumers to access a wide range of products, compare reviews, and make informed choices from the comfort of their homes. Supermarkets/Hypermarkets: Supermarkets and hypermarkets introduce milk thistle to a broader consumer base. The trend here includes increased visibility and availability of milk thistle products in mainstream retail spaces, meeting the demands of health-conscious shoppers seeking wellness products during routine grocery shopping. Report Scope Feature of the Report Details Market Size in 2024 USD 123.1 Million Projected Market Size in 2033 USD 269.5 Million Market Size in 2023 USD 112.8 Million CAGR Growth Rate 9.1% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Application, Form, Distribution Channel and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Milk Thistle Market – Regional Analysis The Milk Thistle Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: In North America, the milk thistle market is witnessing a trend toward personalized health solutions. Consumers seek products tailored to specific health needs, driving demand for diverse formulations. The region also experiences an increasing interest in sustainable and ethically sourced milk thistle products, aligning with the overall wellness and environmental consciousness prevalent in North American markets. Europe: Europe sees a growing trend in the milk thistle market emphasizing product innovation and variety. Consumers in this region are keen on exploring new formulations and applications, leading to increased research and development activities. Additionally, there is a rising preference for milk thistle as an ingredient in culinary and functional foods, showcasing its versatility beyond traditional supplement forms. Asia-Pacific: In the Asia-Pacific region, the milk thistle market trend is marked by the integration of traditional herbal remedies into modern wellness practices. With a rich history of herbal medicine, consumers in Asia-Pacific countries are increasingly incorporating milk thistle into their daily health routines, contributing to the herb’s popularity as a natural health solution. LAMEA (Latin America, Middle East & Africa): LAMEA experiences a trend in the milk thistle market centred around increasing accessibility and awareness. With a focus on educating consumers about the health benefits of milk thistle, the region observes a gradual rise in demand. Additionally, local cultivation initiatives contribute to a sustainable and localized supply chain, promoting the growth of the milk thistle market in LAMEA. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Milk Thistle Market 2024–2033 (By Million) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 112.8, 123.1, 144.14, 159.81, 175.48, 191.15, 206.82, 222.49, 238.16, 253.83, 269.5 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ M’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Competitive Landscape – Milk Thistle Market The Milk Thistle Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include: Gaia Herbs NOW Foods Jarrow Formulas Nature’s Bounty Swanson Health Products Puritan’s Pride Nature’s Way Solaray Source Naturals Herb Pharm Organika Health Products Life Extension Himalaya Wellness Zhou Nutrition Oregon’s Wild Harvest Others These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. New entrants like “Herbal Innovations Inc.” and “Green Wellness” are adopting innovation and development strategies to penetrate the milk thistle market. These companies leverage advanced formulations and unique product offerings, emphasizing sustainability and meeting evolving consumer demands. Dominant key players such as “Gaia Herbs” and “NOW Foods” maintain their stronghold through continuous innovation, extensive R&D investments, and established brand credibility. Market dominance is achieved by consistently introducing novel milk thistle products, utilizing effective marketing strategies, and adapting to emerging consumer trends, solidifying their leadership positions in the dynamic herbal supplement landscape. The Milk Thistle Market is segmented as follows: By Application Pharmaceuticals Dietary Supplements Functional Foods Others By Form Capsule Powder and Granules Liquid Extract Lubricating Specialty Oils Others By Distribution Channel Pharmacies/Drugstores Health Food Stores Online Retail Supermarkets/Hypermarkets Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46517Category: HealthcarePublished Date: April 2024 -
Global Eye and Face Protection Market 2024–2033
Report Snapshot CAGR: 5.9% 700.1M 2023 711.3M 2024 1973.6M 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Honeywell International Inc. 3M Company MSA Safety Incorporated Kimberly-Clark Corporation UVEX ARBEITSSCHUTZ GmbH Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Eye and Face Protection Market was valued at USD 711.3 Million in 2024 and is expected to reach USD 1973.6 Million by 2033, at a CAGR of 5.9% during the forecast period 2024 – 2033. Eye and face protection is specialised equipment meant to protect the eyesight, face, and surrounding regions from a variety of threats, including collisions, chemical spills, airborne particles, and radiation. Eye and face protection can assist avoid injuries such as eye damage, burns, and injuries, as well as reduce the risk of exposure to hazardous chemicals and pollutants. Eye and Face Protection Market: Growth Factors Rising concerns about the protection and safety of healthcare workers Increasing concerns about the security and safety of healthcare professionals are among the main factors in the eye and face protection industry. Healthcare practitioners confront a variety of risks, such as infectious infections, chemical spills, and airborne particles, thus full safeguarding gear is urgently required. Eye and facial protection, such as spectacles, face shields, and safety glasses, are critical barriers to these dangers, protecting healthcare workers from injuries and infections. As a result, healthcare institutions, authorities, and regulatory organisations are increasingly prioritising the provision of proper eye and face protection to guarantee the safety and well-being of frontline workers, accelerating market growth. For instance, both paramedical and medical employees are constantly exposed to a variety of health and safety concerns while carrying out their jobs. The hazards include exposure to radiation, toxins, and biological infections; physical and emotional consequences and an increase in suicide rates among medical personnel. As a result, identifying and addressing these issues is critical to ensuring a strong healthcare system and meeting agreed health goals. Healthcare professionals’ health suffers as a result of exposure to hazardous substances such as ethylene oxide and glutaraldehyde. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Manufacturing’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#DE3163’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Construction’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ADD8E6’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Oil & Gas’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#784212’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Transportation’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#0097e6’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Pharmaceuticals’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#7D3C98’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, { label: ‘Chemicals’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#27AE60’, borderColor: ‘#f39c12’, type: ‘bar’, order:6 }, { label: ‘Food’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#3c40c6’, borderColor: ‘#f39c12’, type: ‘bar’, order:7 }, { label: ‘Mining’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#212F3D’, borderColor: ‘#f39c12’, type: ‘bar’, order:8 }, { label: ‘Agriculture’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#F0F3F4’, borderColor: ‘#f39c12’, type: ‘bar’, order:9 }, { label: ‘Defense & Maritime’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e84118’, borderColor: ‘#f39c12’, type: ‘bar’, order:10 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Eye and Face Protection Market 2024–2033 (By Application)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Stringent regulatory guidelines by the government organization Stringent regulatory requirements established by government organizations are critical in pushing the eye and face protection industry. These laws require the use of protective eyewear and face shields in a variety of sectors to reduce the risk of eye injuries and facial damage among employees. Compliance with such rules is required for enterprises to maintain worker safety and regulatory compliance, resulting in a high demand for eye and face protection goods. In addition, government attempts to promote occupational health and safety standards encourage the use of protective gear. As a result, producers in the eye and face protection market are forced to innovate and offer high-quality products that exceed regulatory standards, resulting in market growth. Furthermore, raising awareness of occupational dangers and the importance of personal protective equipment (PPE) among employers and employees also contributes to market expansion. To increase the ease of compliance and promote uniformity in labour regulations, the National Commission suggested that current labour laws be merged into larger categories. The Commission stated that there are various rules protecting workers’ health and safety. It proposed that these regulations be consolidated into generally applicable legislation to safeguard workplace safety. It suggested that sector-specific requirements (e.g., for factories or mines) be included in rules or guides. Eye and Face Protection Market: Restraints Discomfort from tight-fitting eyewear Discomfort can contribute to lower user compliance because people are hesitant to wear protective eyewear resulting in discomfort or agony. This hesitation may lead to workers avoiding or removing eye protection during crucial duties, increasing the risk of eye injuries. Furthermore, tight-fitting eyeglasses can induce distractions and diminish wearer focus, thereby jeopardizing safety in hazardous areas such as construction sites or manufacturing facilities. Furthermore, pain can lead to poor judgements of eye and face protection products, discouraging people from investing in or promoting them to others. To overcome these problems, producers in the eye and face protection industry must prioritise comfort and ease of use in their products, assuring optimal fit and wearer satisfaction to ensure safe adherence and market development. Global Eye and Face Protection Market 2024–2033 (By Product Type) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Eye Spectacles’, ‘Goggles’, ‘Wielding Shields’, ‘Laser Safety Goggles’, ‘Face Shields’, ‘Fluoropolymers’], datasets: [{ data: [95, 85, 75, 65, 55, 45], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Eye and Face Protection Market: Opportunities Advancements in lens coatings Lens coating advancements drive the eye and face protection business by improving protective eyewear effectiveness, reliability, and reliability. These coatings, such as anti-scratch, anti-fog, and anti-glare treatments, offer layers of protection against a variety of risks found in industrial, sporting, and healthcare environments. Anti-fog treatments prevent condensation from forming on lenses, allowing them to remain visible in humid or extreme temperatures and lowering the risk of accidents caused by reduced vision. Similarly, anti-glare coatings minimise glare caused by intense lighting or sunshine, therefore enhancing user comfort and visual clarity. These advances in lens coatings not only improve the user experience and safety but also fuel market demand for eye protection solutions that provide improved performance and durability in a variety of applications. For instance, MCR Safety’s MAX6 anti-fog lens coating is integrated into the lens during the production process, eliminating the need for workers to halt work to apply fog-resistant wipes, a procedure that is not only time-consuming and inefficient but also risks exposing your eyes to threats. Eye and Face Protection Market: Segmentation Analysis The Global Eye and Face Protection market is segmented by product type, application, and region. Based on product, the market is classified into eye spectacles, wielding shields, laser safety goggles and face shields. Eye spectacles dominated the market in 2023 with a market share of 40.1% and are expected to keep their dominance during the forecast period 2024-2033. Eyeglasses play an important part in boosting the eye and face protection industry by providing a simple yet efficient method of protecting against a variety of industrial dangers. These glasses, which are generally composed of impact-resistant materials such as polycarbonate, protect the eyes from dust, chemicals, and other possible hazards found in commercial, building, and research environments. Its lightweight and comfortable form makes it suitable for extended use, promoting adherence to safety rules and best practices. Furthermore, advances in lens technology, like as anti-fog and anti-scratch coatings, have increased durability and visibility, adding to their attractiveness. In addition, the use of prescription lenses accommodates those with visual problems, enabling total eye protection for all workers. Based on application, the market is classified into healthcare, manufacturing, construction, oil & gas, defence & maritime, mining, chemicals and others. The manufacturing industry dominated the market in 2023 with a market share of 31.5% and is expected to keep its dominance during the forecast period 2024-2033. Manufacturing promotes the eye and face protection industry due to inherent dangers and regulatory restrictions. Workers in manufacturing environments face a variety of risks, including flying debris, chemical spills, and bright light, necessitating the use of protective equipment. Government rules, such as those defined by OSHA in the United States, require sufficient eye and facial safety in industrial sites to maintain worker safety. As the global industrial industry grows, particularly in areas such as automobiles, buildings, and electronics, the need for eye and face protection is likely to increase. Furthermore, technological and material improvements drive innovation in protective eyewear, providing workers with increased ease of use, durability, and optical clarity. Report Scope Feature of the Report Details Market Size in 2024 USD 711.3 Million Projected Market Size in 2033 USD 1973.6 Million Market Size in 2023 USD 700.1 Million CAGR Growth Rate 5.9% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Product Type, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Eye and Face Protection Market: Regional Analysis By region, Eye and Face Protection market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Eye and Face Protection market in 2023 with a market share of 41.3% and is expected to keep its dominance during the forecast period 2024-2033. Asia-Pacific’s significance in the eye and face protection market originates from its competitive industrial landscape and dedication to occupational safety. With increased industrialization in areas such as construction, manufacturing, and mining, there is a greater emphasis on safeguarding workers from workplace risks. This has increased the need for eye and facial protective gear like as eye protection, face shields, and helmets. Furthermore, strong regulatory frameworks and programmes supporting occupational health and safety standards in countries such as India, China, and Japan will fuel market expansion. The region’s large population and workforce also help to drive market growth, since millions of people demand proper protection in dangerous work conditions. In addition, developments in technology and material innovation are redefining the market, with producers creating more comfortable, durable, and safe protective equipment. As awareness of workplace safety continues to rise and industries prioritize employee well-being, Asia-Pacific remains a pivotal force in shaping the global eye and face protection market. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Eye and Face Protection Market 2024–2033 (By Million) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 700.1, 711.3, 954.8, 1082.15, 1209.5, 1336.85, 1464.2, 1591.55, 1718.9, 1846.25, 1973.6 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ M’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Eye and Face Protection Market: Recent Developments In February 2021, 3M developed Goggle Gear 6000 Series a larger-profile goggle design that features models with 3M Scotchgard Anti-Fog Coating, or Traditional Anti-Fog & Anti-Scratch coating. All models come with indirect venting to help reduce fogging. Both adjustable nylon fiber cloth straps, or neoprene straps, are available within the 3M™ Goggle Gear™ 6000 Series. In January 2021, Genesis launched Uvex Hydro Shield Anti-Fog lens which provides 90X longer-lasting fog-free performance than the majority of other anti-fog products even after extended wear and repeated cleanings. In January 2022, Uvex Safety Group developed a laser vision laser safety filter P1E10 is a purple mineral glass and good colour vision. The filter is very well suited for dye and yellow diode lasers. The laser vision laser safety filter P1E10 is CE and UKCA certified and available in OTG frames F18, F22 and F42. List of the prominent players in the Eye and Face Protection Market: Honeywell International Inc. 3M Company MSA Safety Incorporated Kimberly-Clark Corporation UVEX ARBEITSSCHUTZ GmbH Bolle Safety Alpha Pro Tech Ltd. MCR Safety Radians Inc. Pyramex Safety Products LLC Moldex-Metric Inc. Lakeland Industries Inc. Gateway Safety Inc. Delta Plus Group Gentex Corporation National Safety Apparel Encon Safety Products Inc. Dynamic Safety International Ergodyne Gateway Safety Inc. Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Eye and Face Protection Market is segmented as follows: By Product Type Eye Spectacles Goggles Wielding Shields Laser Safety Goggles Face Shields Fluoropolymers By Application Manufacturing Construction Oil & Gas Transportation Pharmaceuticals Chemicals Food Mining Agriculture Defense & Maritime Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46498Category: HealthcarePublished Date: April 2024
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Global Sun Lounger Market 2024–2033
Report Snapshot CAGR: 4.5% 4.2B 2023 4.8B 2024 9.6B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players IKEA Lowe’s Kettal Costco Wholesale Corporation Target Corporation Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Sun Lounger Market was valued at USD 4.8 Billion in 2024 and is expected to reach USD 9.6 Billion by 2033, at a CAGR of 4.5% during the forecast period 2024 – 2033. A sun lounger is a piece of outdoor furniture used for leisure and sunbathing. It usually consists of a long, reclining chair with a slatted or padded surface for comfort. Sun loungers are typically seen around pools, beaches, outdoor spaces, and gardens, and they provide a comfortable and flexible seating choice for sunbathers to relax and enjoy the sun. Sun Lounger Market: Growth Factors Increase in demand for leisure and recreational activities The sun lounger industry is driven by rising demand for leisure and recreational activities as lives and tastes shift. As people seek more possibilities for leisure and outdoor enjoyment, the need for comfortable and fashionable outdoor furniture, such as sun loungers, develops accordingly. Sun loungers provide a pleasant and elegant way to soak up the sun, relax by the pool, or host outdoor parties for friends and family. Furthermore, with the increasing appeal of outdoor gatherings and the trend towards overnight stays, customers are investing more in their outside areas, creating demand for high-quality outdoor furniture like sun loungers. In addition, the development in the tourist and hospitality industries stimulates the need for sun loungers in resorts, hotels, and recreational facilities, as they aim to provide guests with a premium outdoor experience, contributing to market growth. For instance, luxury hotels have elevated the sun lounger to the level of art. Calilo, a new 30-suite experiential-minded luxury deep dive on the Greek island of Ios, includes sun loungers for every mood, including suspended beds, floating loungers beneath bamboo cabanas, and those meant to be semi-submerged in water. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Fabric’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#1d3557’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Plastic’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#457b9d’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Metal’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e63946’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Wooden’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#a8dadc’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Others’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Sun Lounger Market 2024–2033 (By Material)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Rise in preference for sun loungers by individuals use in patios and backyards Individuals’ growing desire for sun loungers for usage in patios and backyards is propelling the sun lounger market through several major drivers. Increasing emphasis on outdoor living areas and leisure activities, with people looking for comfortable and elegant furniture to improve their outside experience. Sun loungers are growing more popular among homeowners due to their easy and peaceful seating choice for sunbathing, reading, or socialising. Furthermore, as people grow more health-conscious, spending time outside for sun exposure and relaxation has become increasingly important, driving up demand for sun loungers. In addition, the variety of sun lounger designs, materials, and functionalities appeals to a wide range of consumer tastes and aesthetics, which contributes to market growth. For instance, one of the most important benefits of an outdoor lounger is its adaptability. These sets include a variety of couches, chairs, tables, and loveseats that may be configured in numerous combinations to fit specific events and places. If you want to create an intimate seating area for your group of friends and family or a vast lounge for a larger group gathering, the modular design of the outdoor lounger allows you to tailor the arrangement to your exact requirements. This versatility makes them suitable for both tiny and big outdoor locations, and they may be readily adapted to different styles or situations, ranging from a cosy corner on a small apartment balcony to a spectacular sitting arrangement in a spacious backyard. Sun Lounger Market: Restraints High costs and portability issues The sun lounger market confronts issues owing to high pricing and mobility limitations. High-quality sun loungers are sometimes prohibitively expensive, keeping them out of reach for budget-conscious buyers. This narrows the market’s reach and uptake, especially among price-sensitive consumers. Furthermore, mobility difficulties limit the convenience of sun loungers, since bulky or heavy designs are difficult to carry and store, particularly for outdoor leisure activities like beach vacations or camping. Consumers may choose more lightweight and foldable alternatives to avoid this constraint, reducing demand for classic sun loungers. Manufacturers must innovate to overcome these problems by delivering economical yet durable solutions and constructing sun loungers with enhanced portable characteristics to match consumers’ increasing demands and preferences in the leisure furniture market. Global Sun Lounger Market 2024–2033 (By Type) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Fixed’, ‘Foldable’], datasets: [{ data: [70, 40], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Sun Lounger Market: Opportunities Growing tourism and hospitality sector The expanding tourist and hospitality industries contribute significantly to the growth of the sun lounger industry. As more people travel for pleasure and relaxation, the need for comfortable and visually appealing outdoor furniture, such as sun loungers, grows. Sun loungers are required at hotels, resorts, beaches, and recreational facilities that cater to visitors. They give guests pleasant outdoor seating options for sunbathing and relaxation. Moreover, the popularity of destination weddings, business retreats, and outdoor events drives up demand for sun loungers in hospitality contexts. In addition, the trend towards wellness tourism, which emphasizes relaxation and rejuvenation, increases the demand for sun loungers as vital commodities in wellness-oriented hotels and facilities. As a result, the increase in the tourist and hospitality sector adds to the growth of the sun lounger market. For instance, the tourism and hospitality sector are a critical component of the Make in India strategy, acting as an economic driver for job creation and rapid growth. It promotes the development of multi-use infrastructure, such as world-class hotels, resorts, beautiful restaurants, efficient transportation networks (airports, highways, ships, and trains), and cutting-edge medical facilities. By 2028, India’s tourism and hospitality sector is expected to produce more than USD 59 billion. Furthermore, foreign tourist arrivals (FTAs) are expected to total USD30.5 million by 2028. Global Sun Lounger Market 2024–2033 (By End User) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Residential’, ‘Commercial’], datasets: [{ data: [70, 40], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Sun Lounger Market: Segmentation Analysis Global Sun Lounger market is segmented by material, type, end user, and region. Based on material, the market is classified into fabric, plastic, metal, wooden, and others. Fabric dominated the market in 2023 with a market share of 40.7% and is expected to keep its dominance during the forecast period 2024-2033. Fabrics play an important role in driving the sun lounger industry because of their practical and aesthetic properties. Manufacturers use a variety of textiles to make pleasant and long-lasting sun lounger sitting surfaces, including polyester, acrylic, and textile. These textiles include UV protection, and water repellence, and are easy to maintain, making them excellent for usage outside in sunny and humid climates. Fabric selection also impacts the form and appearance of sun loungers, providing a diverse range of colours, patterns, and textures to suit individual tastes and preferences. In addition, advances in fabric technology, such as breathable and quick-drying fabrics, improve sun lounger comfort and usability, enticing consumers looking for leisure and convenience in the outdoors. Fabrics promote innovation and uniqueness in the sun lounger market, contributing to its growth and appeal to consumers seeking quality outdoor furniture solutions. Based on type, the market is classified into fixed and foldable. Foldable dominated the market in 2023 with a market share of 80.5% and is expected to keep its dominance during the forecast period 2024-2033. Foldable sun loungers have dominated the market because of their adaptability and ease. These loungers are portable and compact, making them great for outdoor activities including beach excursions, camping trips, and garden leisure. Customers looking for practical outdoor seating options will like the folding form, which allows for easy transit and storage. Furthermore, folding sun loungers frequently have customisable reclining positions and ergonomic attributes to improve comfort and customisation. Foldable sun loungers have grown in popularity as consumers prioritise outdoor leisure activities and look for solutions that match their on-the-go lifestyle. Their mix of usefulness, comfort, and convenience has led to widespread market adoption, accelerating development and innovation in the outdoor furniture business. Based on end users, the market is classified into residential and commercial. Commercial dominated the market in 2023 with a market share of 79.8% and is expected to keep its dominance during the forecast period 2024-2033. Commercial facilities, such as hotels, resorts, and cruise ships, are driving the sun lounger market due to the increased demand for outdoor seating solutions in leisure and hospitality environments. Sun loungers, featuring adjustable reclining positions, soft cushioning, and robust materials, provide the right balance of comfort and durability for business settings. In addition, commercial operators frequently buy sun loungers in quantity to decorate vast outdoor areas, such as poolside decks and beachfront, driving up market demand. Moreover, the trend of experience travel and the rising appeal of outdoor recreational pursuits lead to the rising need for sun loungers at commercial establishments, propelling market expansion in hospitality. Report Scope Feature of the Report Details Market Size in 2024 USD 4.8 Billion Projected Market Size in 2033 USD 9.6 Billion Market Size in 2023 USD 4.2 Billion CAGR Growth Rate 4.5% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Material, Type, End User and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Sun Lounger Market: Regional Analysis By region, Sun Lounger market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Sun Lounger market in 2023 with a market share of 45.6% and is expected to keep its dominance during the forecast period 2024-2033. North America’s availability of recreational venues, such as sandy beaches, swimming pools, and outdoor resorts, drives up demand for sun loungers among customers seeking pleasure and leisure activities. Furthermore, North America’s tradition of outdoor living and entertainment, along with a strong emphasis on wellbeing and lifestyle trends, drives market growth for sun loungers. Additionally, the presence of significant manufacturers and merchants in the region, as well as substantial distribution channels and marketing activities, help to make sun loungers more accessible and visible to consumers. In addition, developments in design, materials, and features targeted to North American customer demands, such as durability, comfort, and adaptability, continue to stimulate regional interest and adoption of sun loungers. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Sun Lounger Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 4.2, 4.8, 5.28, 5.82, 6.36, 6.9, 7.44, 7.98, 8.52, 9.06, 9.6 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Sun Lounger Market: Recent Developments In June 2022, VONDOM introduced new stylish sun loungers for poolside or beach use. The Factory’s design is influenced by New York City’s cast-iron architecture, whilst the Faz sunbed is inspired by crystallised quartz. In February 2023, Vetra, an established producer of furniture for outdoor use, launched an innovative line of luxurious outdoor seating products. In January 202, Kimball International developed Interwoven, a customer-focused furnishing brand for sun loungers. List of the prominent players in the Sun Lounger Market: IKEA Lowe’s Kettal Costco Wholesale Corporation Target Corporation Bed Bath & Beyond Inc. Wayfair LLC Williams-Sonoma Inc. Dedon GmbH Keter Group Nardi S.p.A. Medallion Furniture Unopiu Varaschin Fermob Hartman Group Gloster Furniture GmbH Tropitone Furniture Company Inc. Brown Jordan International Inc. Lafuma Mobilier Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Sun Lounger Market is segmented as follows: By Material Fabric Plastic Metal Wooden Others By Type Fixed Foldable By End User Residential Commercial Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46334Category: Consumer GoodsPublished Date: April 2024 -
Global Tapping Sleeves Market 2024–2033
Report Snapshot CAGR: 3.4% 2.2B 2023 2.3B 2024 3.6B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Mueller Water Products Inc. Viking Johnson Romac Industries Inc. JCM Industries Inc. Ford Meter Box Company Inc. Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Tapping Sleeves Market was valued at USD 2.3 Billion in 2024 and is expected to reach USD 3.6 Billion by 2033, at a CAGR of 3.4% during the forecast period 2024 – 2033. Tapping sleeves are mechanical connectors used in plumbing and pipeline networks to join branches without halting fluid flow. They usually consist of a sleeve that encircles the primary pipeline and an inlet or outlet point which allows for the connection of an additional pipe or fitting. Tapping Sleeves Market: Growth Factors Integration of smart sensors and monitoring systems to detect leaks The tapping sleeves industry is being driven by the incorporation of advanced sensors and monitoring systems for leak detection, which improves efficiency, safety, and availability in pipeline maintenance and repair procedures. Smart sensors embedded in tapping sleeves can continually monitor pressure, rate of flow, and temperature fluctuations in pipelines, identifying leaks and abnormalities in real time. This proactive method enables operators to quickly detect possible faults and expedite repairs, decreasing downtime and the danger of costly leaks or accidents. In addition, the combination of monitoring systems allows for remote surveillance and data analytics, which provide useful insights into pipeline operation and conditions over time. As a result, sectors such as water services, oil and gas, and infrastructure administration progressively rely on tapping sleeves fitted with smart sensor technology to assure the integrity and longevity of their pipeline networks, thereby driving growth in the tapping sleeves market. For instance, temperature sensors (cable probes) are readily fitted into pipework, as well as a hose system with 32- or 38-mm diameter. The package includes a tapping clamp, a thermowell, thermally sensitive paste, and Teflon tape. An adapter is also included with the hose assembly. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Drinking Water Distribution’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ef476f’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Wastewater Systems’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ffd166’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Gas Solution’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Petroleum Solution’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#118ab2’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Tapping Sleeves Market 2024–2033 (By Application)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333’, } } } }); Increased demand for reliable water and gas distribution systems The growing need for dependable water and gas distribution systems is a major driver of the tapping sleeves industry. As aging equipment and population expansion put a strain on current water and gas networks, there is an urgent need to preserve and update distribution systems to avoid leaks, assure constant supply and reduce service disruptions. Tapping sleeves play an important part in this process because they provide a dependable and fast way to connect new pipes, repair old lines, and install valves or fittings without disrupting operations. Furthermore, developments in tapping sleeve technology, which includes corrosion-resistant materials and enhanced sealing processes, extend the life and performance of distribution systems, propelling market expansion. The emphasis on infrastructure upgrading, combined with regulatory obligations for reliability and security, continues to fuel the demand for tapping sleeves in the water and gas distribution sectors. For instance, tapping, also known as hot tapping or pressure tapping, enables a utility to connect to a pressurised system by securely drilling or cutting into an existing pipe. There are three types of tapping: direct tap, tapping saddle, and tapping sleeve. Direct tapping is the process of tapping threads into the exterior of a pipe and inserting a corporation Stop. When creating a direct tap, a hole is dug into the pipe and the threads are cut using the same bit. This approach is employed by municipal corporations to distribute water. Tapping Sleeves Market: Restraints More competition Intense rivalry frequently leads to price wars, as businesses decrease their prices to gain customers, resulting in smaller profit margins. Furthermore, increased competition may encourage aggressive marketing methods and promotional activities, raising marketing costs and further reducing profitability. Furthermore, with more rivals fighting for market share, businesses may need to invest more resources in R&D to distinguish their goods and maintain a competitive advantage, increasing operating expenses. Furthermore, if new entrants provide novel goods or technology improvements, incumbent firms may be under pressure to adapt and spend to improve their services, causing financial hardship. Overall, although competition can stimulate innovation and customer choice, it also offers hurdles for established market participants, forcing them to handle pricing pressures, rising marketing expenses, and the need for continuous innovation to stay competitive. Global Tapping Sleeves Market 2024–2033 (By Inches) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘1-10′, ’11-20′, ’21-30′, ’31-40’, ‘Above 40’], datasets: [{ data: [95, 85, 75, 65, 55], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Tapping Sleeves Market: Opportunities Demand for personalized pipes to meet specific needs of customers The tapping sleeves market is being driven by a strong demand for customised pipe taps that are adapted to individual demands and specifications. As industries and infrastructure projects need more customised pipeline layouts and standards, the demand for tapping sleeves that can meet these specialised needs develops. Customised pipe taps provide accurate and efficient connections to existing pipes without the need for major modifications or replacements. This design and functionality flexibility allows businesses such as water supply, natural gas and oil, and municipal buildings to respond to changing project requirements while preserving operating efficiency and cost-effectiveness. As a consequence, suppliers and producers in the tapping sleeves market are increasingly concentrating on providing customised solutions to match the different demands of their customers, driving market growth and innovation in the sector. For instance, the steel pipe business is shifting towards customisation, with manufacturers increasingly delivering tailored solutions to match the unique demands of their clients. Customisation allows manufacturers to differentiate their goods from rivals and provide clients with solutions that are personalised to their specific needs. The trend towards customisation is projected to boost demand for seamless steel pipes in specialised applications. Global Tapping Sleeves Market 2024–2033 (By Material) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Steel’, ‘Fabricated Carbon’, ‘Stainless’, ‘Ductile Iron’, ‘Cast Iron’], datasets: [{ data: [95, 85, 75, 65, 55], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Tapping Sleeves Market: Segmentation Analysis Global Tapping Sleeves market is segmented by material, inches, application, and region. Based on material, the market is classified into steel, fabricated carbon, stainless, ductile iron and cast iron. Steel dominated the market in 2023 with a market share of 35.7% and is expected to keep its dominance during the forecast period 2024-2033. Steel dominates the tapping sleeves market because of its inherent qualities, which make it ideal for this application. Tapping sleeves are employed in the water and wastewater industries to connect existing pipes while maintaining service. Steel has high strength, durability, and corrosion resistance, making it perfect for handling the extreme conditions found in subterranean infrastructure. Additionally, steel tapping sleeves create a solid and waterproof connection, assuring durability over time. Steel’s adaptability enables customisation to accept a wide range of pipe materials, sizes, and operating pressures. In addition, advances in steel fabrication processes have resulted in the creation of new tapping sleeve designs that improve installation efficiency while reducing the need for upkeep. Steel is widely used due to its exceptional characteristics and versatility. Based on inches, the market is classified into 1-10, 11-20, 21-30, 31-40 and above 40. 11-20 dominated the market in 2023 with a market share of 31.5% and is expected to keep its dominance during the forecast period 2024-2033. The 11-20 inch range is important in the tapping sleeves market for a variety of reasons. This dimension range matches the diameter of pipes frequently found in municipal water and sewage systems. As ageing infrastructure needs repairs and maintenance, tapping sleeves in the above range are critical for accessing and tapping into existing pipes without substantial excavation. Furthermore, the adaptability of 11-20 inch tapping sleeves allows them to be appropriate for a broad range of applications, such as making new connections, fixing damaged portions, and performing typical upkeep activities. In addition, advances in materials and production techniques have resulted in the creation of tapping sleeves that are more durable, corrosion resistant, and easy to install, which has increased demand for this size category. Based on application, the market is classified into drinking water distribution, wastewater systems, gas solutions and petroleum solutions. Drinking water distribution dominated the market in 2023 with a market share of 35.8% and is expected to keep its dominance during the forecast period 2024-2033. The drinking water distribution industry is driving the tapping sleeves industry because of its critical role in preserving and growing water infrastructure. Tapping sleeves are crucial components for connecting new pipes or service lines to existing water mains without disrupting water flow. As governments and utilities want to replace ageing water distribution systems or expand water networks to suit expanding populations, the need for tapping sleeves rises. In addition, continuing maintenance and repair efforts in water distribution networks help to drive market development. Tapping sleeves are a low-cost and efficient option for accessing and connecting to existing water mains, assuring a stable water supply for communities. Report Scope Feature of the Report Details Market Size in 2024 USD 2.3 Billion Projected Market Size in 2033 USD 3.6 Billion Market Size in 2023 USD 2.2 Billion CAGR Growth Rate 3.4% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Material, Inches, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Tapping Sleeves Market: Regional Analysis By region, Tapping Sleeves market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Tapping Sleeves market in 2023 with a market share of 40.6% and is expected to keep its dominance during the forecast period 2024-2033. Asia-Pacific infrastructure development projects, particularly in growing economies such as China and India, drive up demand for water and wastewater management technologies. Tapping sleeves are critical parts for fixing and connecting pipes in these systems, which drives their market growth. Furthermore, increasing expenditures in the construction and utility industries across Asia-Pacific help to expand the tapping sleeves market. In addition, advances in manufacturing technology, as well as the presence of significant market players in Japan and South Korea, help to drive market expansion by assuring product innovation, quality, and availability. In general, Asia-Pacific’s developing infrastructure developments, along with growing recognition of the significance of effective water management, position the region as a key driver of the tapping sleeves market’s growth. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Tapping Sleeves Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 2.2, 2.3, 2.48, 2.62, 2.76, 2.9, 3.04, 3.18, 3.32, 3.46, 3.6 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Tapping Sleeves Market: Recent Developments In August 2020, American Cast Iron Pipe supplied ductile iron tapping sleeves in sizes ranging from 4″ x 4″ to 24″ x 24″ to various water facilities. American Cast Iron Pipe Tapping Sleeves are intended to provide an efficient method of connecting branch pipes to existing lines. In January 2021, JCM 415 Tapping Sleeves introduced a design for tapping all types and brands of concrete steel cylinder pipe. The sleeve strengthens the pipe before cutting the pipe reinforcing rod. An extra-heavy retained gasket and an easily inserted gland provide a locked-in, positive seal. In October 2022, Mueller acquired Tap Master Inc. to carry out the fitting of the 6-inch sleeves on an older cast iron water the primary at the chosen site. List of the prominent players in the Tapping Sleeves Market: Mueller Water Products Inc. Viking Johnson Romac Industries Inc. JCM Industries Inc. Ford Meter Box Company Inc. Victaulic Smith Blair Inc. Krausz Industries Ltd. Robar Industries Ltd. Hynds Pipe Systems Cascade Waterworks Manufacturing Inc. Advanced Pipe Repair Inc. PSOMAKARA Pipestar International Inc. B. Foster Company Holyoke Fittings Inc. Uni-Flange Corporation Total Piping Solutions Inc. TRIMURTI PIPES Reid Pipe & Supply Company Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Tapping Sleeves Market is segmented as follows: By Material Steel Fabricated Carbon Stainless Ductile Iron Cast Iron By Inches 1-10 11-20 21-30 31-40 Above 40 By Application Drinking Water Distribution Wastewater Systems Gas Solution Petroleum Solution Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46297Category: Consumer GoodsPublished Date: April 2024
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Global Nitrocellulose Market 2024–2033
Reports Description As per the current market research conducted by CMI Team, the global Nitrocellulose Market is expected to record a CAGR of 4.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 854.2 Million. By 2033, the valuation is anticipated to reach USD 1,302.6 Million. The nitrocellulose market is a dynamic sector driven by the demand for its versatile applications. Nitrocellulose, a compound derived from cellulose, finds extensive use in coatings, printing inks, adhesives, and explosives. It plays a crucial role in automotive finishes, construction coatings, and flexographic printing. The market has witnessed past growth through automotive and industrial advancements. Presently, a focus on sustainability, research and development, and diversification initiatives is shaping the market. Nitrocellulose manufacturers are adapting to emerging trends, ensuring a resilient market that meets evolving industry needs while considering environmental concerns. Nitrocellulose Market – Significant Growth Factors The Nitrocellulose Market presents significant growth opportunities due to several factors: Automotive Industry Growth: The expansion of the automotive sector remains a significant driver, with nitrocellulose finding extensive use in automotive coatings, contributing to durable and visually appealing finishes. Demand in Printing and Packaging: Increased demand for nitrocellulose is observed in the printing and packaging industry, driven by its application in inks for flexographic and gravure printing. Innovation in Coating Technologies: Ongoing advancements in coating technologies, facilitated by research and development, contribute to the growth of the nitrocellulose market as manufacturers create high-performance coatings for diverse applications. Focus on Sustainable Solutions: Growing awareness of environmental sustainability is driving the adoption of nitrocellulose, especially as manufacturers explore and develop bio-based alternatives, aligning with global trends towards eco-friendly solutions. Diversification into Emerging Industries: There is an opportunity for nitrocellulose manufacturers to diversify their applications into emerging industries, thereby expanding their market reach and adapting to evolving industrial needs. Technological Innovation for New Applications: Opportunities lie in the exploration of new applications for nitrocellulose through technological innovation. This involves creating novel formulations and discovering alternative uses, potentially opening new markets and revenue streams. Nitrocellulose Market – Mergers and Acquisitions The Nitrocellulose Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Nitrocellulose Market include: In 2023, Nitro Química, a major global producer of nitrocellulose, expands into the Brazilian agribusiness sector with strategic acquisitions. Announcing its entry into agribusiness operations, Nitro Química diversifies its portfolio, indicating a move beyond its traditional chemical production activities. In 2023, DuPont collaborates with Coryor Surface Treatment and Nippon Paint Taiwan, unveiling innovative offerings like printed Tedlar PVF solutions and PVF coatings at the Taipei Building Show. This strategic introduction occurred during Taiwan’s largest building materials exhibition, showcasing advancements in surface treatment technologies. These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Nitrocellulose Market. The trend is expected to continue as companies seek to gain a competitive edge in the market. COMPARATIVE ANALYSIS OF THE RELATED MARKET Nitrocellulose Market Membrane Market Glass Recycling Market CAGR 4.8% (Approx) CAGR 8.4% (Approx) CAGR 5.4% (Approx) USD 1,302.6 Million by 2033 USD 13.6 Billion by 2033 USD 5.6 Billion by 2033 Nitrocellulose Market – Significant Threats The Nitrocellulose Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include: Stringent Regulatory Environment: The nitrocellulose market faces significant threats from stringent regulations, especially in terms of safety and environmental concerns. Compliance with evolving regulatory standards can pose challenges and increase operational costs for manufacturers. Shift Towards Substitute Materials: The market is susceptible to the threat of substitution by alternative materials that offer similar properties but with fewer safety or regulatory concerns. This could impact demand for nitrocellulose in various applications, particularly if more cost-effective or environmentally friendly alternatives emerge. Volatility in Raw Material Prices: Fluctuations in the prices of raw materials, such as cellulose, can pose a threat to the nitrocellulose market. Unpredictable pricing can impact production costs and profitability for manufacturers, creating challenges in maintaining competitive pricing. Global Economic Downturns: Economic downturns on a global scale can significantly impact industries such as automotive, construction, and manufacturing, all of which are key consumers of nitrocellulose. Reduced demand from these sectors during economic downturns poses a threat to the overall market stability. Safety Concerns and Accidents: Nitrocellulose is highly flammable and poses safety risks during production, handling, and transportation. Accidents, whether related to storage or transportation, can lead to severe consequences, including regulatory actions, lawsuits, and damage to a company’s reputation, posing a significant threat to the market. Category-Wise Insights By Type: Low Nitrogen Content Nitrocellulose: Low Nitrogen Content Nitrocellulose, with reduced nitrogen levels, is commonly used in coatings and applications where a lower nitrogen content is desired. In the nitrocellulose market, the trend is towards its use in environmentally friendly coatings due to its lower environmental impact. As sustainability gains importance, manufacturers are innovating formulations to meet these trends, offering high-quality coatings with improved performance and reduced nitrogen content. High Nitrogen Content Nitrocellulose: High Nitrogen Content Nitrocellulose, characterized by elevated nitrogen levels, is essential for applications requiring a higher nitrogen content, such as in the production of explosives. In the nitrocellulose market, a trend involves adapting formulations to enhance the performance and safety of explosives while meeting regulatory standards. Continuous research and development focus on improving the stability and efficiency of high nitrogen content nitrocellulose, aligning with safety and quality requirements in explosive applications. By Application Printing Inks: Printing inks formulated with nitrocellulose offer fast-drying and excellent adhesion properties, making them ideal for flexographic and gravure printing. Trends include the demand for high-quality and environmentally friendly inks, driving the development of nitrocellulose-based formulations with reduced VOC emissions. Automotive Paints: Nitrocellulose-based automotive paints provide durability and glossiness to car finishes. Trends focus on the development of scratch-resistant and UV-stable coatings, meeting the automotive industry’s demand for long-lasting and visually appealing finishes. Wood Coatings: Nitrocellulose is widely used in wood coatings for furniture and cabinetry, providing protection and enhancing the natural beauty of wood. Trends include the demand for water-based formulations, driven by environmental concerns and regulations while maintaining high-performance characteristics. Leather Finishes: In leather finishing, nitrocellulose-based coatings offer softness, flexibility, and water resistance. Trends include the development of low-odor formulations and solutions that meet stringent environmental regulations while maintaining the desired aesthetic and functional properties. Nail Varnishes: Nitrocellulose is a key ingredient in nail varnishes, offering quick-drying and long-lasting finishes. Trends in the nail varnish market focus on the introduction of non-toxic and vegan-friendly formulations, catering to the growing demand for healthier and environmentally conscious beauty products. Others: Nitrocellulose finds applications in various other sectors, including adhesives, explosives, and film industry. Trends include the exploration of bio-based alternatives and the development of specialized formulations tailored to specific industrial needs while addressing safety and environmental concerns. By End Use Industry Automotive: Nitrocellulose is extensively used in automotive coatings, providing durable and aesthetically pleasing finishes. Trends include a focus on environmentally friendly coatings and innovations in scratch-resistant and self-healing formulations to meet evolving automotive industry needs. Printing and Packaging: In the printing and packaging industry, nitrocellulose is a key component in inks for flexographic and gravure printing. Trends involve the development of high-performance inks, meeting demands vibrant colors and improved printing efficiency. Construction: Nitrocellulose is employed in coatings for construction materials, offering protection and enhancing aesthetic appeal. Current trends include the development of eco-friendly coatings and solutions with improved durability for diverse construction applications. Textiles: In the textile industry, nitrocellulose is used in the manufacturing of celluloid-based fabrics and coatings. Trends encompass innovations in textile finishes, including water-resistant and flame-retardant properties, meeting the demand for functional and stylish textiles. Others: Nitrocellulose finds applications in various other industries, with trends focused on diversification and adapting to emerging sectors. Ongoing research explores new applications, ensuring versatility and resilience in a dynamic market landscape. Report Scope Feature of the Report Details Market Size in 2024 USD 854.2 Million Projected Market Size in 2033 USD 1,302.6 Million Market Size in 2023 USD 815.1 Million CAGR Growth Rate 4.8% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Type, Application, End Use Industry and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Nitrocellulose Market – Regional Analysis The Nitrocellulose Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: In North America, the nitrocellulose market is influenced by a growing emphasis on sustainability, with manufacturers investing in eco-friendly formulations. The region also witnesses a trend towards technological innovation, leading to the development of advanced coatings for diverse applications in industries such as automotive and construction. Europe: In Europe, the nitrocellulose market trends are shaped by stringent environmental regulations. The focus is on producing low-VOC coatings, adhering to eco-friendly practices, and exploring bio-based alternatives. Additionally, there is a growing demand for nitrocellulose in heritage restoration projects, boosting its application in architectural coatings. Asia-Pacific: The Asia-Pacific region experiences dynamic growth in the nitrocellulose market due to rapid industrialization and economic development. Key trends include increased demand in the automotive sector, a surge in construction activities, and a growing market for textiles. Additionally, the region is a hub for technological advancements, fostering innovation in nitrocellulose applications. LAMEA (Latin America, Middle East, and Africa): In LAMEA, the nitrocellulose market trends are characterized by a focus on the oil and gas industry, where nitrocellulose is utilized in explosives. The region experiences growth in construction and infrastructure projects, driving demand for coatings. Additionally, initiatives towards sustainable practices are gaining traction, influencing the market landscape in LAMEA. Competitive Landscape – Nitrocellulose Market The Nitrocellulose Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include: SNPE DowDuPont Inc. Nitro Química Hagedorn AG Manuco Tembec Inc. Nobel NC GmbH Nantong Baoye Chemical Co. Ltd. TNC Industrial Co. Ltd. Nitro Chemical Industry Co. Ltd. Synthesia, a.s. IPI Chemtech S.A. Hengshui Orient Chemical Co. Ltd. Henan Harzone Industry Corp. Ltd. Tonghua Nitrocellulose Factory Others These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. New players entering the nitrocellulose market often adopt innovation and development strategies to establish their presence. These companies focus on creating novel formulations, exploring sustainable practices, and targeting niche applications. Key players dominating the market, such as DowDuPont, SNPE, and Nitro Química, maintain their stronghold through continuous research, technological advancements, and diversified product portfolios. Their established reputation, global presence, and commitment to meeting evolving industry needs contribute to their dominance, making it challenging for new entrants to compete without robust innovation and differentiation strategies. The Nitrocellulose Market is segmented as follows: By Type Low Nitrogen Content Nitrocellulose High Nitrogen Content Nitrocellulose By Application Printing Inks Automotive Paints Wood Coatings Leather Finishes Nail Varnishes Others By End Use Industry Automotive Printing and Packaging Construction Textiles Others Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46551Category: Chemicals And MaterialsPublished Date: April 2024 -
Global Glass Recycling Market 2024–2033
Report Snapshot CAGR: 5.4% 3.1B 2023 3.3B 2024 5.6B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Strategic Materials Inc. Ardagh Group Owens-Illinois Vetropack Holding Ltd. Gerresheimer AG Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Glass Recycling Market was valued at USD 3.3 Billion in 2024 and is expected to reach USD 5.6 Billion by 2033, at a CAGR of 5.4% during the forecast period 2024 – 2033. Glass recycling is the collection, separating, and extraction of discarded glass goods that including bottles, jars, and other types of containers to create new products. Typically, the procedure includes washing and sorting the glass by colour, as well as eliminating any pollutants. The glass is then crushed into little bits known as cullet, which may be melted down and used to make new glass items. Glass Recycling Market: Growth Factors Increasing glass waste The growing problem of glass waste throughout the world has fuelled the rise of the glass recycling sector. With increased urbanisation, industrial development, and consumption, the volume of glass trash created by numerous industries such as packing, building, and automotive has increased dramatically. This rise presents considerable environmental issues, such as landfill overflow and ecological deterioration. As a result, governments, corporations, and communities are increasingly recognising the value of recycling in mitigating these environmental problems. Glass recycling is a sustainable approach that diverts trash from landfills, conserves natural resources, and reduces energy usage in glass manufacturing. Furthermore, increasing awareness of environmental sustainability and the adoption of recycling rules drive demand for glass recycling facilities and technology, resulting in worldwide market expansion. For instance, The Gulf Cooperation Council’s (GCC) future vision is based on its established recycling and solid waste management policies. The UAE has set local objectives of processing 75% of solid waste, including glass, by 2025 and 85% by 2035. Additionally, by 2025, local solid waste output will be reduced to 1.4 kg per person each day. Saudi Arabia has found an economic answer to its solid waste problem, which generates 17 million tonnes per year, by establishing recycling centres that use garbage to produce alternative fuels. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Bottle & Containers’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#1d3557’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Flat Glass’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#457b9d’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Fiber Glass’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e63946’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Highway Beads’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#a8dadc’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Others’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Glass Recycling Market 2024–2033 (By Application)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Rising advancements in recycling technologies Innovations in recycling technology are propelling the glass recovery industry forward by increasing efficiency, sustainability, and profitability. Innovative sorting and processing methods allow for the separation of various types of glass, such as clear, coloured, and mixed glass, which improves the quality of recycled material. Advanced purification procedures eliminate pollutants and impurities, producing higher-quality recycled glass suited for a variety of uses. Furthermore, advances in glass recycling apparatus and equipment improve throughput while lowering energy consumption and operating costs, making recycling more economically viable. Moreover, advances in glass-to-glass recycling methods enable closed-loop glass recycling, in which recovered glass is utilised to create new glass goods, lowering the requirement for raw materials and energy-intensive glass manufacture. In general, these technical improvements contribute to the development of the glass recycling market by making recycling processes more efficient, sustainable, and environmentally friendly. For instance, PICVISA, a renowned producer of optical sorting technology, plays a major role in this process since its optical sorters sort 70% of Spain’s MSW glass. PICVISA is currently expanding into Portugal, where it is working on its first project for MSW glass recovery. PICVISA’s ECOGLASS technology is a possible alternative for enhancing glass recycling rates throughout Europe. ECOGLASS sorts and processes glass garbage in an effective manner using powerful artificial intelligence and machine learning techniques. Its capacity to sort glass by colour increases market value and demand for recycled glass, resulting in improved recycling rates. Glass Recycling Market: Restraints High cost of collection and sorting The high cost of collecting and sorting creates substantial obstacles for the glass recycling sector. Glass debris is collected from a variety of sources, including homes, companies, and public locations, necessitating infrastructure and logistical investments. Sorting involves separating various types and colours of glass to assure purity and quality, which requires specialised equipment and labour. These expenses are exacerbated by the low density of glass, which makes transportation inefficient and expensive. Furthermore, polluted or mixed glass streams hinder sorting processes, needing more resources for quality control and processing. As a result, the high operating costs involved with collection and sorting reduce the economic sustainability of glass recycling operations, discouraging investment and restricting market expansion. Glass Recycling Market: Opportunities Implementation of stringent policies and demand for sustainable products The adoption of severe rules, as well as rising demand for environmentally friendly goods, are significant drivers of the glass recycling industry. Government laws implemented to decrease waste and harmful emissions have resulted in a greater emphasis on recycling activities, especially glass. Furthermore, growing public knowledge of environmental concerns and preferences for eco-friendly products has increased the demand for sustainable packaging produced from recycled glass. Furthermore, businesses are recognising the financial and ecological advantages of employing recycled glass in their production processes, resulting in a growing acceptance of glass recycling procedures. As an outcome, the glass recycling business is expanding, driven by both legal obligations and consumer demand for renewable and ecologically responsible products, helping promote the circular economy and lowering carbon footprint. For instance, The Indian government has implemented Extended Producer Responsibility (EPR) that makes manufacturers and importers of glass containers accountable for managing garbage created by their goods. EPR urges manufacturers to take proactive steps to increase recycling and decrease the environmental impact of their packaging. The EPR framework requires companies to set up collecting and recycling systems for their glass containers. This involves establishing collecting points and aiding the reuse and recycling process. They are also required to educate consumers on appropriate disposal and recycling. One of the key advantages of EPR is that it encourages manufacturers to make glass containers more recyclable and ecologically friendly. Global Glass Recycling Market 2024–2033 (By Product) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Cullet’, ‘Crushed Glass’, ‘Glass Powder’], datasets: [{ data: [70, 40, 20], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Glass Recycling Market: Segmentation Analysis Global Glass Recycling market is segmented by product, application, and region. Based on product, the market is classified into cullet, crushed glass and glass powder. Epoxy dominated the market in 2023 with a market share of 55.1% and is expected to keep its dominance during the forecast period 2024-2033. Cullet is an important raw material in the creation of innovative glass goods, which reduces the demand for virgin resources such as sand, soda ash, and limestone. Companies that employ cullet in glass manufacture save resources such as water and energy and minimise greenhouse gas emissions. Furthermore, cullet recycling minimises the quantity of glass trash transported to landfills, which helps to reduce environmental pollution and save landfill space. Moreover, the increasing focus on the circular economy and environmentally friendly practices has raised the demand for recycled material in glass goods, which is propelling the cullet industry. In general, the cullet’s function in encouraging resource efficiency, sustainable development, and waste reduction makes it a key player in the glass recycling industry. Based on application, the market is classified into bottles & containers, flat glass, fiber glass, highway beads and others. Bottle & containers dominated the market in 2023 with a market share of 55.5% and is expected to keep its dominance during the forecast period 2024-2033. Bottles and containers play an important role in driving the glass recycling industry since they are commonly used in the packaging of drinks, culinary goods, cosmetics, and medicines. Glass is highly recyclable, and bottles and containers make up a significant component of the recycled glass stream. The need for glass packaging keeps on increasing owing to its multiple advantages, including its inert nature, capacity to keep products freshness, and recyclability. As both individuals and businesses prioritise ecological and environmental responsibility, there is a rising recognition of the value of recycling glass bottles and containers. This knowledge, combined with government legislation and business sustainability programmes, increases the demand for recycled glass, which stimulates the glass recycling industry. Furthermore, recycled glass may be utilised to produce new bottle containers, closing the loop and reducing the need for raw materials, further driving sustainability efforts. Report Scope Feature of the Report Details Market Size in 2024 USD 3.3 Billion Projected Market Size in 2033 USD 5.6 Billion Market Size in 2023 USD 3.1 Billion CAGR Growth Rate 5.4% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Product, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Glass Recycling Market: Regional Analysis By region, Glass Recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Glass Recycling market in 2023 with a market share of 35.3% and is expected to keep its dominance during the forecast period 2024-2033. North America’s solid infrastructure and well-established recycling programmes make glass trash collection, sorting, and processing more efficient. Furthermore, increased consumer environmental awareness and rigorous legislation promote recycling efforts, especially glass recycling. Moreover, different industries, such as packaging, building, and automobiles boost the need for recycled glass, also known as cullet. These businesses employ recycled glass as a sustainable alternative to virgin resources. Additionally, programmes launched by municipalities, governments, and non-profit organisations promote recycling education and encourage enterprises to adopt sustainable practices. A circular economy strategy, emphasising resource efficiency and waste reduction, adds to the momentum for glass recycling in North America, placing the area as a pioneer in sustainable waste management and environmental stewardship. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Glass Recycling Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 3.1, 3.3, 3.6, 3.85, 4.1, 4.35, 4.6, 4.85, 5.1, 5.35, 5.6 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Glass Recycling Market: Recent Developments In April 2022, the German carmaker Volkswagen Group launched a trial project for automotive glass recycling. This will help the company cut costs while also reusing broken and shattered glasses through recycling. In January 2022, Sabic announced the release of an innovative substance including recycled glass fibre. This recycled glass fibre accounts for 36% of the total and has superior mechanical properties to virgin glass fibre. In January 2023, REDWAVE built a new processing factory for SWARCO, which manufactures high reflecting glass beads. These high-quality glass beads are made from flat glass industrial waste and are mostly utilised as road and airport markers to ensure traffic safety. List of the prominent players in the Glass Recycling Market: Strategic Materials Inc. Ardagh Group Owens-Illinois Vetropack Holding Ltd. Gerresheimer AG Verallia Gallo Glass Company Knauf Insulation Pace Glass Inc. Vitro S.A.B. de C.V. Anchor Glass Container Corporation Central Glass Co. Ltd. Compagnie de Saint-Gobain GPI Packaging LLC Berry Global Inc. Recresco Ltd. Delphi Glass Corp. Frigoglass SAIC Quinn Glass Limited Nampak Ltd. Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Glass Recycling Market is segmented as follows: By Product Cullet Crushed Glass Glass Powder By Application Bottle & Containers Flat Glass Fiber Glass Highway Beads Others Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46490Category: Chemicals And MaterialsPublished Date: April 2024
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Global Clean Label Starch Market 2024–2033
Report Snapshot CAGR: 5.5% 1.2B 2023 1.5B 2024 3.3B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Cargill Incorporated Ingredion Incorporated Tate & Lyle PLC Archer Daniels Midland Company Roquette Frères Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Clean Label Starch Market was valued at USD 1.5 Billion in 2024 and is expected to reach USD 3.3 Billion by 2033, at a CAGR of 5.5% during the forecast period 2024 – 2033. Clean label starch is a form of starch sourced from natural sources and minimally processed, with no additions, chemicals, or artificial substances. It is employed as a thickening, binding, or stabilising agent in food items to provide clear, visible labelling and fulfil customer desire for natural and healthful ingredients. Clean Label Starch Market: Growth Factors Increasing demand for natural and organic products The growing desire for natural and organic products is a key driver of the clean label starch industry. Consumers are increasingly prioritising health and wellbeing, preferring food and beverage goods built from basic, identifiable ingredients. Clean label starches originating from natural sources such as maize, tapioca and potatoes fit into this trend since they are seen to be the least processed and free of synthetic ingredients. Clean label starches also provide functional benefits that include thickening, stabilizing, and texture improvement, making them useful ingredients in a variety of food and beverage applications. As customers become more sensitive to the labels of ingredients and seek transparency in food formulations, demand for clean label starches is likely to rise further, boosting market growth in response to the growing preference for natural and organic products. For instance, 73% of customers are inclined to make purchases based on whether they will have a lower environmental effect, and 41% are ready to pay more by purchasing all-natural and organic products. In Mexico, organic sales increased by 53%, while organic product sales increased by 17%. Despite the increased prices, customers chose items that prioritised wellbeing. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Tapioca’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ef476f’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Rice’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#ffd166’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Corn’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Potato’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#118ab2’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Clean Label Starch Market 2024–2033 (By Source)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333’, } } } }); Rising demand from food and beverage industry Increased demand from the food and beverage sector is propelling the clean label starch economy, owing to shifting consumer tastes and increased awareness of health and wellbeing. Consumers prefer goods made with natural, least processed components, prompting food and beverage makers to replace artificial flavours with clean label alternatives such as starch. Clean label starches made from natural sources such as maize, tapioca, and potato provide functional features such as thickening, gelling, and stabilisation while adhering to clean label guidelines. They provide producers with a solution for developing items that meet customer desires for clarity and authenticity. Furthermore, clean label starches accommodate dietary constraints like as gluten-free and vegan diets, broadening their popularity in the food and beverage sector. Consequently, demand for clean label starches is expected to continue growing as manufacturers prioritize clean label formulations to meet consumer demands for healthier and more natural food options. For instance, On-the-go food products are becoming increasingly popular. These involve pre-packaged nutritious snacks, vegan freezer dinners, and portable protein drinks. Customers are looking for food and drinks that may meet their flexible lives. Utilising online services in the food and beverage industry may accelerate up business growth. Clean Label Starch Market: Restraints High cost than conventional starch products The increased cost of clean-label starch products in comparison to traditional starch products is a substantial barrier to market expansion. While customers increasingly choose clean label products created from natural and least processed components, the manufacturing and procurement of such ingredients might be more expensive. Clean label starches are often produced from non-GMO sources and processed in ways that eliminate chemical additions or alterations, which raises production costs. As an outcome, producers confront difficulties in selling their clean label starch products economically against traditional starches. This price gap may discourage certain customers, specifically those who are more sensitive to price swings, from selecting clean label products, restricting market adoption. Global Clean Label Starch Market 2024–2033 (By Form) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Liquid’, ‘Powder’], datasets: [{ data: [70, 40], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Clean Label Starch Market: Opportunities Rising demand for gluten-free products The growing demand for gluten-free goods is a major driver of the clean-label starch industry. As more people seek gluten-free options owing to health issues like celiac disease or gluten sensitivity, food makers have begun to clean label starches as an alternative option. Clean label starches are obtained from natural sources and include no additives, preservation agents, or artificial substances, which makes them appealing to health-conscious customers who seek easier and healthier food alternatives. Furthermore, clean label starches have functional features which include thickening, stabilising, and binding, making them appropriate for a variety of gluten-free items such as cakes, cookies, snacks, and sauces. The increased demand for gluten-free goods, along with the preference for clean label components, drives the adoption of clean label starches by food manufacturers seeking to meet consumer needs and preferences in the gluten-free market segment. For instance, the market is expected to grow owing to attempts to avoid diseases such as diabetes, obesity, heart disease, chronic lung disease, and metabolic syndrome. When the COVID-19 epidemic began, the demand for gluten-free products surged. This increase may be attributed to consumers’ increased worries about their health and well-being. The pandemic has piqued consumer interest in how items function nutritionally. Global Clean Label Starch Market 2024–2033 (By End User) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Food and Beverages’, ‘Paper Industry’, ‘Feed Industry’, ‘Others’], datasets: [{ data: [95, 85, 75, 65], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Clean Label Starch Market: Segmentation Analysis Global Clean Label Starch market is segmented by form, source, end user, and region. Based on form, the market is classified into liquid and powder. Liquid dominated the market in 2023 with a market share of 75.8% and is expected to keep its dominance during the forecast period 2024-2033. Liquid clean label starches dominate the market by providing a natural, clear, and adaptable alternative for food and beverage makers looking for clean label ingredients. These starches, sourced from plant sources such as maize, tapioca kernel and potato, are minimally processed and do not include chemical additives or preservatives. As demand from customers for clean label products rises, liquid starches offer capabilities such as thickening, coagulating, and stabilising without sacrificing product quality or sensory qualities. Their liquid nature facilitates absorption into formulations, increasing processing efficiency and lowering production costs. In addition, liquid clean label starches provide exceptional performance in a wide range of uses, such as meals, sauces, dairy items, and drinks, addressing the demands of producers who want to make natural, healthful goods while retaining flavour, and texture. Based on source, the market is classified into tapioca, rice, corn and potato. Corn dominated the market in 2023 with a market share of 48.5% and is expected to keep its dominance during the forecast period 2024-2033. Corn is an abundant source of starch, which may be extracted and utilised in a variety of food and beverage applications. Clean label starch, made from maize, appeals to consumers who want natural and less processed components in their goods. Corn-based starches are frequently non-GMO and devoid of additives or chemical alterations, which aligns with clean label tendencies. Corn starch also has functional features which include thickening, binding, and stabilising, making it suitable for usage in a variety of culinary products such as soups, sauces, baked goods, and snacks. Its low cost and abundance add to its importance in the clean label starch industry, fuelling interest among food makers seeking to fulfil consumer demands for simple, clean, and visible ingredient lists. Based on end user, the market is classified into food and beverages, paper industry, feed industry and others. Food and beverages dominated the market in 2023 with a market share of 65.5% and are expected to keep their dominance during the forecast period 2024-2033. The food and beverage sector is driving the clean label starch market by rising customer demand for natural and less processed ingredients. As customers become more health-conscious and cautious about the contents of their food and beverages, there is a rising preference for goods with clean labelling and no artificial additions, preservation agents, or chemicals. Clean label starches, produced from organic materials such as maize, tapioca, and potato, answer this requirement by providing clean, simple, and easily identifiable ingredients for usage in a variety of food and beverage applications. Report Scope Feature of the Report Details Market Size in 2024 USD 1.5 Billion Projected Market Size in 2033 USD 3.3 Billion Market Size in 2023 USD 1.2 Billion CAGR Growth Rate 5.5% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Form, Source, End User and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Clean Label Starch Market: Regional Analysis By region, Clean Label Starch market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Clean Label Starch market in 2023 with a market share of 40.5% and is expected to keep its dominance during the forecast period 2024-2033. Demand from customers in North America for natural and unprocessed food components is increasing, resulting in increased interest in clean label starches originating from sources such as corn, tapioca, and potato. Furthermore, high regulatory standards and labelling regulations in North America push food makers to utilise cleaner ingredients, such as starches with clear and identifiable names. In addition, the region’s widely recognised food and beverage sector, together with strong consumer awareness of health and wellness, produces a favourable market climate for clean label starch products. Moreover, developments in food processing technology, as well as the existence of major manufacturers focused on clean label solutions, support market expansion by providing a comprehensive variety of clean label starch alternatives adapted to various customer preferences and industry requirements. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Clean Label Starch Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 1.2, 1.5, 1.62, 1.83, 2.04, 2.25, 2.46, 2.67, 2.88, 3.09, 3.3 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Clean Label Starch Market: Recent Developments In January 2021, Tate & Lyle broadened its tapioca-based starch product portfolio. It introduced REZISTA MAX, an emulsifying starch, and BRIOGEL, a gel formation starch. In November 2020, Roquette Frères introduced its pea starch Lycagel for vegetarian soft gel capsules. Lycagel pea starch enables capsule producers to create plant soft gel formulations. In July 2020, Ingredion Incorporated launched three new organic native starches: organic corn starch PURITY Bio 201, the starch from tapioca PURITY Bio 301, and organic native rice starch PURITY 805. With the introduction of these items, food producers now have access to a greater selection of high-performing certified organic options for creating on-trend products. List of the prominent players in the Clean Label Starch Market: Cargill Incorporated Ingredion Incorporated Tate & Lyle PLC Archer Daniels Midland Company Roquette Frères Emsland Group Grain Processing Corporation AGRANA Beteiligungs-AG Beneo GmbH Avebe U.A. Sonish GmbH & Co. KG Western Polymer Corporation Manildra Group Südzucker AG Tereos S.A. Zhucheng Xingmao Corn Developing Co. Ltd. SunOpta Inc. MGP Ingredients Inc. Taiyo Kagaku Co. Ltd. Thai Flour Industry Co. Ltd. Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Clean Label Starch Market is segmented as follows: By Form Liquid Powder By Source Tapioca Rice Corn Potato By End User Food and Beverages Paper Industry Feed Industry Others Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46504Category: Food & BeveragesPublished Date: April 2024 -
Global Dried Fruits Market 2024–2033
Report Snapshot CAGR: 5.9% 7.1B 2023 7.5B 2024 17.6B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players Sun-Maid Growers of California Dole Food Company Inc. Bergin Fruit and Nut Company Paradise Fruits Solutions GmbH & Co. KG Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global Dried Fruits Market was valued at USD 7.5 Billion in 2024 and is expected to reach USD 17.6 Billion by 2033, at a CAGR of 5.9% during the forecast period 2024 – 2033. Dried fruits are fruits from which most of their water content has been eliminated via different drying techniques, which include sun drying, air drying, or dehydration. The drying process protects the fruits by eliminating moisture, which limits the growth of microbes, hence increasing shelf life. Dried Fruits Market: Growth Factors Shifting consumer preference for healthy and nutritious foods The dried fruit industry is being fuelled by changing customer demands for better and more nourishing foods. As people grow more health conscious and seek substitutes for packaged snacks and sugary sweets, dried fruits become a popular choice owing to their natural sweetness, ease, and nutritional value. Dried fruits retain the minerals, vitamins, and fibre present in fresh fruits, making them a practical method to get key nutrients into the diet. Moreover, the impression of dried fruits as healthful and little processed is consistent with customers’ demand for clean-label products with clear ingredient listings. Furthermore, the adaptability of dried fruits makes them excellent for different uses, such as snacking, baking, and adding to meals, increasing their acceptance among health-conscious customers trying to maintain a balanced and nutritious diet. As a result, the dried fruits market is experiencing growth as it caters to the evolving preferences of consumers prioritizing health and wellness. For instance, Goji berries are becoming more popular as nutritional foods (both raw and dried) in North Europe and North America, owing to a variety of purported health advantages. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Bakery and Confectionery’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#1d3557’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Dairy and Frozen Desserts’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#457b9d’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Breakfast Cereals’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e63946’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Beverages’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#a8dadc’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Others’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global Dried Fruits Market 2024–2033 (By Application)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Developing innovative packaging solutions to enhance product appeal Developing novel packaging methods is a key driver of the dried fruits industry since it increases product appeal and ease for customers. Creative package designs and materials may set items apart on shop shelves, capturing customer attention and encouraging purchase decisions. Functional packaging, which includes resealable pouches and single-serve packets, enhances convenience and product freshness, appealing to busy lifestyles while decreasing food waste. Furthermore, new packaging choices can express product benefits that include organic, natural, or premium features, successfully conveying value to customers. Also, packaging innovations play an important part in resolving sustainability problems by minimising environmental effects through the adoption of sustainable resources and designs. In general, investing in new packaging solutions not only supports market development by increasing product visibility and appeal but also contributes to consumer satisfaction and sustainability efforts within the dried fruits industry. For instance, minimalistic luxurious packaging appeals to current consumers who value classic style and environmentally friendly procedures. Smart packaging technology has the potential to transform how people interact with products. RFID tags, NFC chips, and bar codes can give customers real-time information about the product’s origin and usage instructions. Smart packaging can also be used for authorization, allowing buyers to authenticate the value of the item protecting against imitation. Integrating technology improves client trust and transparency while creating an enjoyable shopping experience. Dried Fruits Market: Restraints Fluctuations in prices Variations in prices can be detrimental to the dried fruit industry in a variety of ways. In the beginning, price increases caused by causes such as weather-related crop failures or disruptions in the supply chain might result in higher manufacturing costs, that can be passed on to consumers. This may diminish costs and depress customer demand for dried fruits. Furthermore, price volatility can cause unpredictability for manufacturers and retailers, making it difficult to forecast inventory levels as well as pricing techniques efficiently. In addition, when prices fall under the cost of production during periods of excess, farmers may stop planting or move to alternative crops, resulting in decreased availability and possible consumer shortages. In general, price variations undermine market stability, affecting producers as well as consumers and providing obstacles to the expansion of the market of dried fruits. Global Dried Fruits Market 2024–2033 (By Form) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Native’, ‘Modified’], datasets: [{ data: [70, 40], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Dried Fruits Market: Opportunities Growing demand for natural flavour additions in food products The growing need for natural flavourings in food goods is an important aspect of the dried fruits industry. Customers are constantly looking for more nutritious alternatives to artificial flavourings and additives, which has resulted in a desire for naturally flavoured meals. Dried fruits provide a handy and adaptable option, delivering powerful natural flavours without the need for chemical boosters. Furthermore, dried fruits are high in antioxidants, vitamins, and minerals, making them ideal as nutritional flavouring agents. As customers become more health-conscious and value clean-label products, the a need for dried fruits in a variety of culinary applications, such as refreshments, cereals, pastries, and confectionery. Additionally, the rising popularity of plant-based diets and the perceived value of dried fruits as healthy and less processed foods add to their increasing prominence in the food industry as a preferred natural flavour addition. Global Dried Fruits Market 2024–2033 (By Nature) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Slices & Granulates’, ‘Powders’, ‘Whole Dried Fruits’], datasets: [{ data: [70, 40, 20], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); Dried Fruits Market: Segmentation Analysis Global Dried Fruits market is segmented by type, application, and region. Based on type, the market is classified into apricots, dates, raisins, figs, berries, and others. Raisins dominated the market in 2023 with a market share of 35.1% and are expected to keep their dominance during the forecast period 2024-2033. Raisins play an important part in the dried fruit industry for a variety of reasons. Raisins are considered one of the globe’s most commonly and extensively consumed dried fruits, providing a sweet and tasty snack with various health advantages. Its versatility serves as a must-have item in a variety of cuisine applications, which include as cooking, baking, and snacking. Raisins are also high in fibre, vitamins and minerals, and antioxidants, which appeals to health-conscious consumers looking for healthful food options. Moreover, raisins have an extended shelf life and are very inexpensive when compared with different dried fruits, which makes them available to a wide spectrum of customers. In addition, the rising trend towards natural and less processed alternatives has increased demand for raisins along with other dried fruits, fuelling market expansion and innovation in the dried fruit industry. Based on application, the market is classified into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, and others. Dairy and frozen desserts dominated the market in 2023 with a market share of 30.5% and are expected to keep their dominance during the forecast period 2024-2033. Dairy and frozen desserts serve an important role in boosting the dried fruit industry through numerous channels. Dried fruits are often used as components in dairy products including yoghurt, whipped cream, and cheese, providing organic sweetness, texture, and flavour. In addition, dried fruits are preferred toppings for frozen desserts such as frozen yoghurt and gelato, offering a healthy and tasty alternative for consumers looking for rich delights. Additionally, dried fruits are frequently added to dairy-based snacks and desserts, such as fruit and nut bars, which improves their nutritional value and flavour. In addition, the rising desire for healthy snack alternatives and the expanding trend of adding natural and healthful components in dairy-based goods add to the rising intake of dried fruits, therefore boosting market expansion in the dairy and frozen desserts segment. Report Scope Feature of the Report Details Market Size in 2024 USD 7.5 Billion Projected Market Size in 2033 USD 17.6 Billion Market Size in 2023 USD 7.1 Billion CAGR Growth Rate 5.9% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Type, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Dried Fruits Market: Regional Analysis By region, Dried Fruits market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Europe dominated the global Dried Fruits market in 2023 with a market share of 40.1% and is expected to keep its dominance during the forecast period 2024-2033. European customers have an intense need for healthy and natural food goods, and dried fruits are viewed as nutritious and easy snacks or components for a wide range of culinary uses. The region’s priority for health and wellbeing, along with increased knowledge of the advantages of dried fruit such as their high fibre, nutrient, and antioxidant value, leads to their appeal among health-conscious consumers. Furthermore, Europe’s rich culinary traditions and diverse population generate demand for a wide range of dried fruits from many countries and cultures. This range of product offerings responds to the tastes of diverse customer segments while also contributing to the market’s overall growth. In addition, customers may easily get dried fruits due to the region’s well-established supply chains and retail facilities through supermarkets, specialty stores, and online channels. Also, the increasing use of dried fruits as components in the food production industry contributes to market growth. Dried fruits are used by European food makers to improve the flavour, texture, and nutritional content of a variety of items such as cereals, snacks, pastries, sweet items, and dairy products. In addition, initiatives in Europe that promote sustainable agriculture and ethical sourcing methods help to increase the dried fruit business. Consumers are becoming more concerned about the ecological and social effects of their food purchases, resulting in an affinity for dried fruits that originate from sustainable sources and are ethically produced. In general, Europe’s cultural tastes, health awareness, gastronomic diversity, strong distribution channels, and conservation efforts all contribute to the region’s dried fruit market expansion. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global Dried Fruits Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 7.1, 7.5, 9.2, 10.25, 11.3, 12.35, 13.4, 14.45, 15.5, 16.55, 17.6 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); Dried Fruits Market: Recent Developments In April 2022, Norfund announced a USD 8 million investment in Redsun Dried Fruit and Nuts, a sultana manufacturer and exporter located in South Africa. This would help the firm reach an estimated market share of USD 33 billion in healthy snacking. In December 2020, Great Value Foods LLP owned brand ORCO introduced an extensive selection of natural dry fruits free of chemical impurities and artificial colours. In February 2020, Peyman Kuruyemis expanded its manufacturing capacity by constructing a new dried fruit producing facility in Turkey. List of the prominent players in the Dried Fruits Market: Sun-Maid Growers of California Dole Food Company Inc. Bergin Fruit and Nut Company Paradise Fruits Solutions GmbH & Co. KG Olam International Limited Graceland Fruit Inc. Traina Foods Sunbeam Foods Pty Ltd. Decas Cranberry Products Inc. Sun Valley Raisins Inc. Del Monte Foods Inc. Royal Nut Company National Raisin Company California Dried Fruit Inc. Traina Foods Bella Viva Orchards Sunsweet Growers Inc. Kiantama Oy Hadley Fruit Orchards Tropical Foods LLC Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The Dried Fruits Market is segmented as follows: By Type Apricots Dates Raisins Figs Berries Others By Application Bakery and Confectionery Dairy and Frozen Desserts Breakfast Cereals Beverages Others By Nature Slices & Granulates Powders Whole Dried Fruits By Form Native Modified By End-user Individual Food Service Providers Food Processing Industry Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46255Category: Food & BeveragesPublished Date: April 2024
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Global Nanosensors Market 2024–2033
Reports Description As per the current market research conducted by the CMI Team, the global Nanosensors Market is expected to record a CAGR of 12.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 3,604.9 Million. By 2033, the valuation is anticipated to reach USD 10,077.3 Million. Nanosensors Technology Specifications Feature Molecular Self Assembly Top-Down Assembly Bottom-Up Assembly Assembly Process Spontaneous organization of molecules into defined structures through non-covalent interactions. Nanoscale structures are carved or sculpted from bulk material using techniques like lithography or etching. Individual components (atoms, molecules, or nanoparticles) are built up into complex structures. Level of Control Limited control over the final structure. Relies on the inherent properties of molecules. High degree of control over the size, shape, and features of the nanosensor. Offers some control through choice of building blocks and interactions. Scalability Potentially highly scalable due to the autonomous nature of the assembly process. Scalability can be challenging due to the limitations of the fabrication techniques. Scalability depends on the complexity of the building blocks and assembly process. Complexity of Nanosensors Limited to relatively simple structures. It Can create highly complex and intricate nanosensors. It Can create a wide range of complexities depending on the building blocks. Suitability for Mass Production It May be suitable for mass production due to its scalability and simplicity. Less suitable for mass production due to the complexity and cost of fabrication techniques. Suitability for mass production depends on the complexity of the bottom-up approach. Examples DNA origami, peptide nanotubes Nanowires, cantilevers, nanopores Quantum dots, dendrimers, micelles Source: According to CMI Market Research Team Analysis The nanosensors market centres on the production, development, and application of nanoscale sensing devices designed to detect and relay information at the molecular or atomic level. Fuelled by technological advancements, these miniaturized sensors find extensive use in diverse sectors, including healthcare, environmental monitoring, and industrial automation. The market thrives on trends like Industry 4.0 integration, heightened focus on healthcare applications, and growing environmental concerns. Nanosensors’ ability to provide real-time, precise data, coupled with ongoing research and innovation, positions them as pivotal components in the evolution of smart technologies and sustainable solutions across various industries. Nanosensors Market – Significant Growth Factors The Nanosensors Market presents significant growth opportunities due to several factors: Technological Advancements in Nanotechnology: Ongoing breakthroughs in nanotechnology drive the nanosensors market, enabling the development of more sophisticated and versatile sensing devices with enhanced sensitivity and precision. Expanding Applications in Healthcare: The increasing adoption of nanosensors in healthcare for diagnostics, disease monitoring, and drug delivery boosts market growth, driven by the growing demand for personalized and efficient medical solutions. Rising Demand for Environmental Monitoring: Growing concerns about environmental issues propel the use of nanosensors in monitoring air and water quality, pollution levels, and other environmental parameters, fostering market expansion. Integration with Industry 4.0 Technologies: The integration of nanosensors into Industry 4.0 initiatives, such as smart manufacturing and industrial automation, drives market growth by enhancing efficiency, connectivity, and data-driven decision-making in various industries. Expansion in Internet of Things (IoT) Applications: The increasing integration of nanosensors with IoT technologies creates opportunities for real-time data collection and analysis, fostering the development of innovative applications in smart homes, wearables, and connected devices. Advancements in Nanomaterials Research: Opportunities lie in the continuous advancements in nanomaterials used in nanosensors. Research and development in novel nanomaterials open avenues for creating more efficient and cost-effective nanosensors, contributing to market growth and diversification. Nanosensors Market – Mergers and Acquisitions The Nanosensors Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Nanosensors Market include: In 2024, MIT researchers innovatively developed a urine-based point-of-care test utilizing inhaled aerosolized nanosensors administered through an inhaler or nebulizer. These nanosensors, upon detecting cancer-linked proteins in the lungs, generate a signal that accumulates in urine. The presence of this signal can be easily identified using a straightforward paper test strip. In 2024, The Fraunhofer Institute for Microelectronic Circuits and Systems IMS, in collaboration with Ruhr University Bochum, Germany, pioneered a groundbreaking process for signal amplification in diagnostic tests. Leveraging luminescent single-walled carbon nanotubes in bioanalytics, this innovation enhances the sensitivity, speed, and cost-effectiveness of test procedures, ushering in a new era of advanced and efficient diagnostic capabilities. In 2023, In a breakthrough reported in ACS Nano, researchers created a self-powered nanosensor, Triboelectric Nanosensor (TENS), employing a matrix of mercury-sensitive tellurium nanowires. These nanosensors can efficiently detect trace amounts of mercury ions in water or food, providing real-time results, and showcasing their potential for rapid environmental and food safety monitoring. These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Nanosensors Market. The trend is expected to continue as companies seek to gain a competitive edge in the market. COMPARATIVE ANALYSIS OF THE RELATED MARKET Nanosensors Market Alternative Data Market AI-Enabled Biometric Market CAGR 12.1% (Approx) CAGR 51.1% (Approx) CAGR 15.4% (Approx) USD 10,077.3 Million by 2033 USD 143.8 Billion by 2033 USD 53.8 Billion by 2033 Nanosensors Market – Significant Threats The Nanosensors Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include: Regulatory Challenges: Evolving and stringent regulations surrounding nanomaterials and nanotechnology pose a threat to the nanosensors market. Compliance with changing standards can increase production costs and limit market accessibility. Ethical and Privacy Concerns: As nanosensors become more integrated into daily life and industries, concerns about privacy and ethical use of the technology may arise, potentially hindering widespread adoption and market growth. Health and Safety Issues: Uncertainties regarding the potential health and safety risks associated with nanomaterials and nanosensors may lead to public skepticism, affecting market acceptance and adoption across various applications. High Development Costs: The high costs associated with research, development, and fabrication of nanosensors pose a significant threat. Companies may face challenges in achieving cost-effective production, impacting market competitiveness. Limited Standardization: The absence of standardized testing and manufacturing processes for nanosensors poses a threat to market growth. Lack of standardization can result in varying product quality, hindering interoperability and broader market acceptance. Category-Wise Insights By Type: Chemical Nanosensors: Chemical nanosensors detect and measure specific chemical compounds at the nanoscale. Trends include increased sensitivity for precise chemical analysis, and finding applications in environmental monitoring, industrial processes, and healthcare diagnostics. Optical Nanosensors: Optical nanosensors utilize light to detect and measure analytes. Trends involve advancements in photonics and increased integration with medical imaging technologies, expanding applications in biological and environmental sensing. Physical Nanosensors: Physical nanosensors measure physical properties like pressure, temperature, or magnetic fields at the nanoscale. Trends include enhanced sensitivity for monitoring diverse physical parameters, impacting industries such as manufacturing, transportation, and healthcare. Biosensors: Biosensors integrate biological components to detect specific molecules. Trends focus on miniaturization, improving biocompatibility, and expanding applications in healthcare, food safety, and environmental monitoring. Others: Other nanosensors encompass diverse types, such as acoustic and magnetic nanosensors. Trends involve exploring novel sensing mechanisms, addressing specific industry needs, and advancing applications in emerging fields like nanomedicine and smart materials. By Application Electronics: Nanosensors revolutionize electronics by leveraging nanotechnology for highly sensitive and compact sensing applications. Current trends emphasize the integration of nanoscale sensors into electronic devices, enhancing functionalities like faster data processing, improved memory storage, and more efficient energy utilization, thereby contributing to the continuous evolution of electronic components. Chemical Manufacturing: Nanosensors play a pivotal role in chemical manufacturing, offering real-time molecular-level insights. Trends in this sector involve the widespread adoption of nanosensors for precise chemical analysis, process optimization, and ensuring the safety of manufacturing environments, contributing to enhanced efficiency, reduced waste, and improved overall productivity. Energy: Nanosensors significantly impact the energy sector by monitoring and improving energy production and storage processes. Current trends focus on the utilization of nanosensors in renewable energy technologies, contributing to increased efficiency, durability, and sustainability in areas such as solar cells, batteries, and energy storage systems. Aerospace and Defence: In aerospace and defense applications, nanosensors provide unparalleled precision in monitoring and detection. Current trends involve integrating nanosensors into materials and systems to enhance surveillance capabilities, bolster security measures, and optimize the overall performance of aerospace and defense technologies, ensuring reliability and responsiveness in critical scenarios. Healthcare: Nanosensors redefine healthcare by enabling advanced applications in diagnostics and drug delivery monitoring. Emerging trends concentrate on developing nanoscale devices that facilitate personalized medicine, early disease detection, and sophisticated imaging techniques, contributing to more accurate diagnoses, targeted treatments, and improved patient outcomes. Others: Nanosensors exhibit versatility across various industries, trends in this broad category encompass innovative applications in agriculture, environmental monitoring, and the development of smart materials. The adaptability of nanosensors continues to unlock novel solutions, contributing to advancements across diverse domains and shaping the landscape of sensor technology. By Technology Molecular Self Assembly: Molecular self-assembly involves the spontaneous arrangement of molecules into well-defined structures. In nanosensors, this technology enables the creation of precise, ordered sensor architectures. Trends include increased research in biomimetic sensor designs, mimicking natural processes for enhanced sensitivity. Top-Down Assembly: Top-down assembly involves constructing nanosensors by carving or manipulating bulk materials into smaller structures. In the nanosensors market, this technology offers scalable production, with trends focusing on advanced lithographic techniques for intricate sensor patterns. Bottom-Up Assembly: Bottom-up assembly builds nanosensors from atomic or molecular components, creating structures from the ground up. In the nanosensors market, this technology is trending towards the utilization of nanomaterials like quantum dots and nanoparticles, allowing for precise control and customization of sensor properties. Report Scope Feature of the Report Details Market Size in 2024 USD 3,604.9 Million Projected Market Size in 2033 USD 10,077.3 Million Market Size in 2023 USD 3,215.8 Million CAGR Growth Rate 12.1% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Type, Application, Technology and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. Nanosensors Market – Regional Analysis The Nanosensors Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: In North America, the nanosensors market is characterized by a robust trend of substantial investments in research and development initiatives. Particularly evident in sectors like healthcare and defense, the region’s advanced technological infrastructure, coupled with strong financial backing, fuels a culture of innovation. This emphasis on R&D contributes significantly to the continuous evolution of nanosensor applications, reinforcing North America’s position as a key player in shaping the future of sensor technologies. Europe: Within Europe, a distinctive trend unfolds as nanosensors find increasing integration into environmental monitoring systems and smart city initiatives. Aligned with the region’s commitment to sustainability and environmental responsibility, nanosensors play a pivotal role in detecting and managing pollution levels, contributing to resource-efficient urban development and bolstering Europe’s leadership in adopting advanced sensing solutions. Asia-Pacific: In the dynamic landscape of the Asia-Pacific region, a pronounced trend centers around the widespread adoption of nanosensors in the expansion of Internet of Things (IoT) applications and the acceleration of smart manufacturing. Rapid industrialization, coupled with a fervent embrace of Industry 4.0 technologies, propels the demand for nanosensors. These sensors, integral to enhancing operational efficiency and connectivity in manufacturing processes, contribute significantly to the region’s technological advancement and economic growth. LAMEA (Latin America, Middle East & Africa): LAMEA presents a compelling trend marked by the increasing utilization of nanosensors in agriculture and resource management initiatives. With a keen focus on augmenting agricultural productivity and ensuring the sustainable use of natural resources, the region embraces nanosensor technologies. Applications in precision agriculture, water quality monitoring, and soil analysis underscore LAMEA’s commitment to leveraging advanced sensing solutions for promoting environmentally conscious practices and fostering sustainable development. Competitive Landscape – Nanosensors Market The Nanosensors Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include: Lockheed Martin Corporation Texas Instruments Inc. Nanosensors Limited Owlstone Nanotech Inc. Bio-NEMS Nanomix Inc. Agilent Technologies Inc. Analog Devices Inc. Bruker Corporation Samsung Electronics Co. Ltd. Applied Nanotech Inc. Toshniwal Industries Pvt. Ltd. Inovenso Sensirion AG Nanowear Inc. Others These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. New entrants like “Herbal Innovations Inc.” and “Green Wellness” are adopting innovation and development strategies to penetrate the Nanosensors Market. These companies leverage advanced formulations and unique product offerings, emphasizing sustainability and meeting evolving consumer demands. Dominant key players such as “Gaia Herbs” and “NOW Foods” maintain their stronghold through continuous innovation, extensive R&D investments, and established brand credibility. Market dominance is achieved by consistently introducing novel milk thistle products, utilizing effective marketing strategies, and adapting to emerging consumer trends, solidifying their leadership positions in the dynamic herbal supplement landscape. The Nanosensors Market is segmented as follows: By Type Chemical Nanosensors Optical Nanosensors Physical Nanosensors Biosensor Others By Application Electronics Chemical Manufacturing Energy Aerospace and Defence Healthcare Others By Technology Molecular Self Assembly Top-Down Assembly Bottom-Up Assembly Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46545Category: TechnologyPublished Date: April 2024 -
Global AI-Enabled Biometric Market 2024–2033
Report Snapshot CAGR: 15.4% 12.8B 2023 13.3B 2024 53.8B 2033 Source: CMI Study Period: 2024-2033 Fastest Growing Market: Asia-Pacific Largest Market: Europe Major Players NEC Corporation Gemalto IDEMIA Aware Inc. FaceFirst Inc. Cognitec Systems GmbH Others Exclusive, in-depth market intelligence can help you increase your Revenue. Download Sample Pdf Reports Description Global AI-Enabled Biometric Market was valued at USD 13.3 Billion in 2024 and is expected to reach USD 53.8 Billion by 2033, at a CAGR of 15.4% during the forecast period 2024 – 2033. The term artificial intelligence-enabled biometrics describes the combination of biometric technologies with AI approaches. Biometrics is the process of identifying or authenticating someone using their distinct physiological or behavioural traits, such as voice, gait, facial characteristics, fingerprints, or patterns of iris. AI-Enabled Biometric Market: Growth Factors Proliferation of AI-enabled biometrics for security threat prevention The demand for powered by AI biometrics is driven by the widespread use of these technologies for security threat prevention, which are revolutionising security protocols. The accuracy of biometric systems is improved by AI’s capabilities, making reliable verification and verification processes possible, which are essential for preventing security breaches. Moreover, real-time monitoring made possible by AI-powered analytics enables prompt threat identification and action. This biometrics and AI integration serves a variety of industries, including healthcare, government, and finance, where strict security regulations are essential. The breadth of biometric applications is also increased by AI-driven developments in voice authentication, face recognition, and behavioural biometrics, which propel market expansion as businesses look for cutting-edge ways to counteract changing security risks in an increasingly digital environment. For instance, according to Tessian and Stanford University researchers, in Psychology of Human Error 2022, staff errors account for over 88% of security breaches. Thus, it is clear that the newest biometric technologies such as fingerprint detectors, recognition of iris, 3-dimensional facial recognition cameras, and specialist hardware detectors in mobile phones must take precedence over conventional verification techniques. var ctx = document.getElementById(‘myChart’).getContext(‘2d’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘bar’, // The data for our dataset data: { labels: [‘2023′,’2024′,’2025′,’2026′,’2027′,’2028′,’2029′,’2030′,’2031′,’2032′,’2033’], datasets: [ { label: ‘Mobile Biometrics and Smart Devices’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#1d3557’, borderColor: ‘#f39c12’, type: ‘bar’, order:1 }, { label: ‘Biometric Access Control Systems’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#457b9d’, borderColor: ‘#f39c12’, type: ‘bar’, order:2 }, { label: ‘Identity Verification and Authentication’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#e63946’, borderColor: ‘#f39c12’, type: ‘bar’, order:3 }, { label: ‘Surveillance and Security’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#a8dadc’, borderColor: ‘#f39c12’, type: ‘bar’, order:4 }, { label: ‘Others’, data: [10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60], backgroundColor: ‘#06d6a0’, borderColor: ‘#f39c12’, type: ‘bar’, order:5 }, ] }, // Configuration options go here options: { title:{ display:true, text:’Global AI-Enabled Biometric Market 2024–2033 (By Application)’, fontSize:15, fontFamily: ‘poppins’, fontWeight: 400 }, subtitle: { display: true, text: ‘Custom Chart Subtitle’ }, tooltips:{ enabled:false }, scales: { xAxes: [{ gridLines: { display:false }, stacked: true, categoryPercentage: 0.55, barPercentage: 1.0, }], yAxes: [{ gridLines: { display:false }, stacked: true , ticks : { display: false } }] }, legend: { display: true, position: ‘top’, labels: { fontColor: ‘#333′, } } } }); Integration of machine learning capabilities with AI algorithms By dramatically increasing the accuracy, flexibility, and dependability of biometric identification systems, the combination of artificial intelligence (AI) algorithms and machine learning powers is transforming the market for biometrics powered by AI. To identify complex patterns and distinctive identities, AI systems examine and analyse enormous quantities of biometric data, including fingerprints, face characteristics, and speech patterns. In addition, by continuously learning from fresh data intakes and responses from users, machine learning algorithms optimise and continuously improve recognition, reducing mistakes and enhancing accuracy. Because of this mutually beneficial connection, biometric systems are better equipped to respond quickly to new and complex threats and assaults, enhancing security across a range of applications, including identifying fraudulent transactions, authentication of identity, and access control. Biometric solutions reach previously unheard-of levels of performance, scalability, and efficiency thanks to the combination of AI and machine learning capabilities catalysing widespread adoption across diverse industries, including finance, healthcare, government, and transportation. For instance, to construct biometric systems, machine learning techniques help with proof of identity, detection, and task classification. The most useful use of AI and ML is in facial recognition. By evaluating face traits and comparing them with a database, artificial intelligence (AI), which is widely used with virtual reality solutions, may greatly simplify facial identification by computers. AI-Enabled Biometric Market: Restraints Concerns about data privacy Data privacy concerns provide serious obstacles for the industry for AI-enabled biometrics. Biometric systems raise concerns about possible abuse or unauthorised access since they gather and analyse sensitive personal data including fingerprints, face photos, and iris scans. Privacy concerns are made worse by problems with permission, openness, and control over biometric data for both people and government agencies. Furthermore, prominent data breaches and abuse cases highlight the necessity of strong security protocols and strict privacy laws to protect biometric data. Organisations are therefore under increasing pressure to put strict data protection measures into place, follow compliance guidelines like the CCPA and GDPR, and win over customers’ trust by exhibiting accountability, transparency, and ethical handling of data practices. If these privacy issues are not adequately addressed, it may hinder the general adoption of AI-enabled biometric technologies and hinder market growth. Global AI-Enabled Biometric Market 2024–2033 (By Technology) www.custommarketinsight.com var ctx = document.getElementById(‘piechart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘pie’, // The data for our dataset data: { labels: [‘Face Recognition’, ‘Fingerprint Recognition’, ‘Iris Recognition’, ‘Voice Recognition’, ‘Others’], datasets: [{ data: [95, 85, 75, 65, 55], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 15, fontFamily: ‘poppins’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); AI-Enabled Biometric Market: Opportunities Surge in demand for cutting-edge verification solutions across industries The market for AI-enabled biometrics is growing as a result of the increase in demand for sophisticated verification solutions across sectors. AI-powered biometric technologies provide strong options for organisations looking for more effective and safe ways to authenticate identities. Biometric systems may be made more accurate, flexible, and capable of real-time authentication by utilising AI algorithms. This allows them to fulfil the changing security requirements of industries such as government, medical care, and finance. By using AI, biometric systems may also offer advanced functionalities like anomaly detection and behaviour analysis, which improve security even further. The usage of AI-enabled biometric solutions is anticipated to continue rising as organisations prioritise sophisticated authentication techniques to secure sensitive data and prevent identity theft. This is due to the growing emphasis on data security and verification of identity. For instance, three primary biometric security types biometric data in banking records an individual’s behavioural habits. An illustration of behavioural biometrics is the structure of writing. Morphological biometrics refers to the unique physiological characteristics that are unique to each individual. For instance, a certain speech pattern or fingerprints. Global AI-Enabled Biometric Market 2024–2033 (By End User) www.custommarketinsight.com var ctx = document.getElementById(‘doughChart’); var chart = new Chart(ctx, { // The type of chart we want to create type: ‘doughnut’, // The data for our dataset data: { labels: [‘Defence’, ‘Home Security’, ‘Government’, ‘BFSI’, ‘Healthcare’, ‘Others’], datasets: [{ data: [95, 85, 75, 65, 55, 45], backgroundColor: [ ‘#fbc531’ , ‘#44bd32’, ‘#487eb0′ ,’#f39c12’, ‘#3c40c6’ , ‘#0097e6’ , ‘#e84118’ ] }, ] }, options: { legend: { display: true, position: ‘right’, labels: { fontSize: 14, fontFamily: ‘Roboto’ } }, tooltips:{ enabled:false }, responsive: true, layout: { padding: 20 }, }, }); AI-Enabled Biometric Market: Segmentation Analysis Global AI-Enabled Biometric market is segmented by technology, application, end user and region. Based on technology, the market is classified into face recognition, fingerprint recognition, iris recognition, voice recognition and others. Face recognition dominated the market in 2023 with a market share of 38.2% and is expected to keep its dominance during the forecast period 2024-2033. Face recognition technology’s precision, adaptability, and variety of uses are major factors propelling the market for AI-enabled biometrics. Face recognition systems have advanced to the point that they can now reliably identify people based only on their facial traits thanks to developments in artificial intelligence (AI). Numerous industries, notably security, monitoring, access control, and verification, use this technology. AI-enabled biometric systems are becoming more and more popular among organizations and governments throughout the globe for verification of identity, avoidance of fraud, and enhanced safety precautions. To further improve biometric systems, face recognition may be integrated with AI algorithms to provide real-time analysis, behavioural monitoring, and pattern detection. Therefore, the growing need for reliable security solutions combined with advances in AI and facial recognition technology drives the growth of the AI-enabled biometric market. Based on application, the market is classified into mobile biometrics and smart devices, biometric access control systems, identity verification and authentication, surveillance and security, and others. Mobile biometrics and smart devices dominated the market in 2023 with a market share of 41.5% and are expected to keep their dominance during the forecast period 2024-2033. Due to their extensive use and incorporation into daily life, mobile biometrics and smart devices are important market drivers for AI-enabled biometrics. Easy identity validation and authentication have been made possible by the widespread use of mobile devices, tablets, and wearables with biometric features, including voice recognition, face recognition, recording devices, and fingerprint readers. Furthermore, the precision, safety and speed of biometric identification systems are improved by advances in artificial intelligence (AI) algorithms, which make them more dependable in range of applications, such as access control, wireless banking, e-commerce, and healthcare. AI-enabled biometric solutions on smart devices are becoming more and more popular with both enterprises and consumers due to their efficacy and simplicity, which is propelling market expansion as well as creativity in the biometrics sector. Based on end user, the market is classified into defence, home security, government, BFSI, healthcare, and others. The government dominated the market in 2023 with a market share of 35.8% and is expected to keep its dominance during the forecast period 2024-2033. The market for AI-enabled biometrics is driven by governments through a variety of strategies, such as laws, investments, and campaigns that improve public services, increase security, and streamline procedures. Regulations requiring biometric identification in industries such as financial services, medical care, and border control drive market expansion by standardizing procedures and promoting use. Moreover, government financing and assistance for R&D projects encourage advancement in AI-based biometric technology, resulting in improvements in precision, effectiveness, and usability. In addition, the deployment of biometric technologies for verification of identity, enforcement, and national security is made easier by government-led initiatives and collaborations with businesses in the private sector. Report Scope Feature of the Report Details Market Size in 2024 USD 13.3 Billion Projected Market Size in 2033 USD 53.8 Billion Market Size in 2023 USD 12.8 Billion CAGR Growth Rate 15.4% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Technology, Application, End User and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. AI-Enabled Biometric Market: Regional Analysis By region, AI-Enabled Biometric market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global AI-Enabled Biometric market in 2023 with a market share of 40.1% and is expected to keep its dominance during the forecast period 2024-2033. North America propels the AI-enabled biometric industry owing to its developed technological devices landscape and solid spending on AI. The area prioritizes innovation and research, resulting in the creation of advanced biometric systems that may improve security and efficiency in several industries. Furthermore, the demand for AI-driven biometric systems for identification is increased due to the strict regulatory framework and the rising worries about identity theft and personal privacy. In addition, the region is a rich ground for biometric utilization in industries like health care, banking, and government services due to its varied economy and broad usage of digital services. Moreover, strategic alliances between corporations, governments, and tech companies support the spread of AI-powered biometric solutions, propelling industry expansion and positioning North America as a major participant. .print-chart:hover { color: #f04c23; transition: all .3s; } .print-chart { background: #f04c23; padding: 10px 10px; padding-inline: 35px; margin: 15px 0 0 0; text-transform: uppercase; font-size: 1rem; font-weight: 500; color: #fff !important; cursor: pointer; border: 1px solid #f04c23; } .chart-utils > *{ cursor: pointer; } Global AI-Enabled Biometric Market 2024–2033 (By Billion) www.custommarketinsight.com var ctx = document.getElementById(‘singleCatBarChart’); // debugger; var myChart = new Chart(ctx, { type: ‘bar’, data: { labels: [2023,2024,2025,2026,2027,2028,2029,2030,2031,2032,2033], datasets: [{ data: [ 12.8, 13.3, 21, 25.1, 29.2, 33.3, 37.4, 41.5, 45.6, 49.7, 53.8 ], backgroundColor: ‘#4082c4’ }] }, options: { ‘hover’: { ‘animationDuration’: 0 } , ‘animation’: { ‘duration’: 1, ‘onComplete’: function () { var chartInstance = this.chart, ctx = chartInstance.ctx; ctx.font = Chart.helpers.fontString(Chart.defaults.global.defaultFontSize, Chart.defaults.global.defaultFontStyle, Chart.defaults.global.defaultFontFamily); ctx.textAlign = ‘center’; ctx.textBaseline = ‘bottom’; this.data.datasets.forEach(function (dataset, i) { // console.log(dataset) var meta = chartInstance.controller.getDatasetMeta(i); //console.log(meta) meta.data.forEach(function (bar, index) { let lastindex = meta.data.length-1 if( index == 0 || index == 1 || index == lastindex ){ var data = dataset.data[index]+’ B’; } else { var data = ”; } // var data = dataset.data[index]; ctx.fillText(data, bar._model.x, bar._model.y – 5); }); }); } }, legend: { ‘display’: false }, tooltips: { ‘enabled’: false }, scales: { yAxes: [{ display: false, gridLines: { display : false }, ticks: { display: false, beginAtZero:true } }], xAxes: [{ gridLines: { display : false }, ticks: { beginAtZero:true } , barPercentage: 0.8 }] } } /*, plugins: [bgColor] */ }); AI-Enabled Biometric Market: Recent Developments In November 2023, Mastercard established a partnership with NEC to introduce a biometric payment process in the Asia Pacific region. It integrates Mastercard’s payment processing with NEC’s face recognition and authenticity verification technologies. In July 2022, Secunet announced employment at Zurich Airport to interface through the European Entry/Exit System (EES). In December 2022, Synaptics Incorporated completed its purchase of DSP Group. Powerful AI, speech processing, and wireless innovations from the two businesses are combined, enabling a range of smart biometrics in mobile platforms. List of the prominent players in the AI-Enabled Biometric Market: NEC Corporation Gemalto IDEMIA Aware Inc. FaceFirst Inc. Cognitec Systems GmbH BIO-key International Inc. Fujitsu Limited Nuance Communications Inc. Leidos Holdings Inc. Precise Biometrics AB HID Global Corporation Morpho Thales Group Veridium Ltd. Crossmatch Fingerprint Cards AB IDEX Biometrics ASA M2SYS Technology Biocryptology Others These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues. The AI-Enabled Biometric Market is segmented as follows: By Technology Face Recognition Fingerprint Recognition Iris Recognition Voice Recognition Others By Application Mobile Biometrics and Smart Devices Biometric Access Control Systems Identity Verification and Authentication Surveillance and Security Others By End User Defence Home Security Government BFSI Healthcare Others Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America { “@context”: “http://schema.org”,”@type”: “Product”,”name”: “Web Series Reviews”,”aggregateRating”: { “@type”: “AggregateRating”, “ratingValue”: “4”, “reviewCount”: “2” }}
Report Code: CMI46179Category: TechnologyPublished Date: April 2024
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