Latest Market Research Report 2025

  Plastic Industry Overview The global plastic market size was valued at USD 593.00 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.   The increasing plastic consumption in the construction, automotive, and electrical & electronics industries is projected to support market growth during the forecast period. Regulations to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions are driving plastic consumption as a substitute for metals, including aluminum and steel, for manufacturing automotive components.   The growth of the construction industry in emerging markets such as Brazil, China, India, and Mexico has been instrumental in fueling the demand for plastics. The progress of the overall market can be attributed to increased foreign investment in these domestic construction markets, as a result of easing FDI norms and requirements for better public and industria...

  Molded Pulp Packaging Industry Overview The global molded pulp packaging market size was valued at USD 3,811.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028.   Growing demand for sustainable packaging solutions from environment-conscious consumers and stringent regulations related to plastic usage is expected to drive the market over the forecast period. Molded pulp packaging was limited to egg trays for many years; however, the demand has increased in other applications as well due to its sustainable properties. It is completely renewable and biodegradable as it is made from wood fiber and cellulose, thus, meeting the criterion set forth by government agencies and organizations.   The U.S. consumer electronics retail sales are expected to reach USD 461 billion in 2021 as per data published by the Consumer Technology Association (CTA). Such huge demand for consumer electronics, when compared with other i...

  Inhalation Anesthesia Industry Overview The global inhalation anesthesia market size was valued at USD 1.1 billion in 2021 and is projected to expand at a CAGR of 9.0% in the forecast period.   The market growth can be attributed to the growing number of surgical procedures. Inhalation anesthesia facilitates higher patient outcomes as compared to intravenous anesthesia. Administration of an anesthetic agent through the respiratory tract allows controllable and effective sedation, which is cost-effective and safe. Various advantages of inhalation anesthesia over intravenous anesthesia are primarily driving the market growth. Inhalation anesthesia is considered to be the best alternative for patients who are on ventilation for more than 24 hours as it becomes easy to monitor the patient’s health. Hence, higher patient benefits associated with the use of inhalation anesthesia as compared to intravenous anesthesia is expected to drive revenue growth in the forecast period. ...

  Medical Marijuana Industry Overview The global medical marijuana market size was valued at USD 11.0 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 21.6% from 2022 to 2030.   The market is experiencing growth due to rising awareness regarding various medical applications such as pain management, appetite enhancement, and reducing eye pressure. Medical marijuana is mainly classified into two types, namely Cannabis Sativa and Cannabis indica, which originate from the countries of the Western hemisphere and Central and South Asian regions respectively. The growing number of countries legalizing the use of medical marijuana in various parts of this world is one of the key factors driving the usage rate of cannabis in therapeutic applications.   COVID-19 had a somewhat positive impact on the market, as it led to an increased usage of medical cannabis across several states in the U.S., Europe, and Canada. The lockdown imposed ca...

  Light Gauge Steel Framing Industry Overview The global light gauge steel framing market size was valued at USD 33.89 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028.   A rise in construction-related activities in developing as well as developed nations is estimated to drive the overall market growth over the forecast period. Several housing schemes implemented by the governments of developing nations, such as India and China, are also expected to support the global market growth over the next eight years. In addition, various innovations, in terms of technology, have led to the development of products with improved strength, stability, and safety.   Over the coming years, these products are estimated to have increased scope of application in the commercial, industrial, and residential sectors owing to the improved strength of framing material, facilitating their use in the construction of buildings with more...

  Civil Engineering Industry Overview The global civil engineering market size was valued at USD 7.74 trillion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Rapid industrialization & urbanization in emerging economies coupled with the growing focus on the development of high-quality infrastructure worldwide is anticipated to drive market growth. An increasing number of infrastructure and capital projects is projected to boost the growth of the construction segment, which, in turn, is expected to drive the product demand over the forecast period. Increasing consumer disposable income in emerging economies is anticipated to drive the real estate segment, thereby driving the growth of the industry. The market in China is expected to exhibit high growth on account of the rapid development of application industries including real estate, infrastructure, and industrial. Expansion of the industrial and commercial sectors coupled ...

  Precast Concrete Industry Overview The global precast concrete market size was valued at USD 92.14 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028.   Growing investments in infrastructure development projects in the Asia Pacific region are expected to be the primary factors driving the product demand over the forecast period. The infrastructure segment has been the major driver for the growing product adoption as the product has enabled the infrastructure companies to significantly reduce the overall project timelines and generate significant savings, in terms of labor and raw material costs. Major infrastructure components, such as girders, pillars, and bridge sections, are fabricated at an offsite location and transported to the project site at the time of installation.   Structural building components emerged as the largest product segment in the U.S. market in 2020. Growing emphasis on reducing the overa...

  Pet Food Industry Overview The global pet food market size was valued at USD 94.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030.   Increasing consumer awareness regarding natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which has acted as one of the major forces impacting the global market.   Gather more insights about the market drivers, restrains and growth of the Global Pet Food Market Convenience benefits related to dry organic and natural pet food are projected to drive the product demand. Unlike most conventional pet foods, organic and natural pet foods are being used on a large scale.   Growing dog food demand along with higher traction in the premium pet food segment is anticipated to drive the pet food market over the forecast period. Dry food is witnessing rapid growth in demand as compared to other product coun...

  Chitosan Industry Overview The global chitosan market size was valued at USD 6.8 billion in 2019 and is expected to expand at a revenue-based CAGR of 24.7% between 2020 and 2027. The growing product application in water treatment, pharmaceutical and biomedical, cosmetics, and food and beverage industries are expected to drive the market growth.   Chitosan is an amino polysaccharide polymer commercially produced from the shells of crab, lobster, shrimp, and crayfish. It is made through chemical or enzymatic deacetylation of chitin shells or exoskeletons of insects, crustaceans, and the cell walls of fungi with an alkaline substance such as sodium hydroxide. Each raw material for the product has different chitosan content hence play an important role in commercial manufacturing. Shrimp is considered to be the major source for chitosan since it contains about 25% to 40% chitin, whereas, the crab shell contains approximately 15% to 20%.   Rising product demand from the...

  Textile Chemicals Industry Overview The global textile chemicals market size was valued at USD 23.89 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.   This growth is attributable to a growing demand for apparel, technical textiles, home textiles, and others. With the growing population, the demand for clothes and other textile products is expected to increase, thus fueling the production capacities of this industry. But at present, global trade is getting more complicated due to recession in various countries, resulting in currency fluctuations. Other major challenges faced by the textile industry include the Eurozone crisis and Britain post-BREXIT.   According to the American Chemistry Council, the chemicals industry in the U.S. is expected to witness an increase in volume consumption due to growing demand for chemicals from the automotive, construction, and consumer goods industries. However, the chemi...

  U.S. Durable Medical Equipment Industry Overview The U.S. durable medical equipment market size was valued at USD 56.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The COVID-19 pandemic has affected the supply chain of durable medical equipment (DME). The market is majorly driven by the rising product demand due to the growing geriatric population that is susceptible to various chronic diseases, such as cancer, diabetes, Cardiovascular Diseases (CVDs), neurological disorders, and mobility disorders. The COVID-19 pandemic has initially disrupted the market due to the lack of accessibility of the products to the customers. The pandemic has affected the operations and financial condition of various market players. The DME suppliers have encountered interruptions in the supply chain, such as significant delays and order cancellations, as a result of public health and economic emergencies related to the COVID-19 pandem...

  U.S. Home Infusion Therapy Industry Overview The U.S. home infusion therapy market size was estimated at USD 16.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. The growing elderly population prone to various severe disorders is one of the major drivers for the market growth. The growing geriatric population and increasing prevalence of cancer, Crohn's disease, multiple sclerosis, nutritional and immune deficiencies, infections, dehydration, and nausea & vomiting are majorly driving the growth. The COVID-19 outbreak increased the importance and demand for medical devices especially in a home-based setting as the virus is transmitted through physical contact. The market witnessed revenue growth in 2020, but the key players faced supply chain bottlenecks. However, in 2021, key players like Baxter, Option Healthcare, and Smiths Medical reported a soaring revenue increase as compared to 2020, especially in the U.S. ...

  Plastic Resins Industry Overview The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical & electronics sectors is the key factor driving the market growth. The rapidly developing global automotive industry is expected to trigger the product demand in applications such as under-the-hood components, exteriors, and interiors of automobiles. The increasing application of resins in the automotive industry is spurred by the demand for lightweight and inexpensive multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort. Gather more insights about the market drivers, restrains and growth of the Global Plastic Resins Market The product consumption is also expected to increase in the healthcare sector owing to the growing production of Personal Protective Equip...

  Malaria Diagnostics Industry Overview The global malaria diagnostics market size was valued at USD 728.8 million in 2021 and is anticipated to witness a CAGR of 5.4% during the forecast period. The rising demand for malaria diagnostics and the introduction of novel diagnostic techniques are the key factors driving the market. Malaria is one of the most widespread life-threatening diseases, commonly occurring in tropical and subtropical regions due to changing climate, low economic growth, underdeveloped healthcare infrastructure, and lack of access to advanced treatment. The tropical disease caused by the female Anopheles mosquito, infected by the Plasmodium species caused over 4,35,000 deaths globally in 2017, as stated by the World Health Organization (WHO). Statistics from the same source indicate that over 219 million cases of malaria were recorded globally, with over 92% of cases being reported from Africa, 6% from South East Asia, and 2% from the Eastern Mediterranean reg...

  Dyes & Pigments Industry Overview The global dyes & pigments market size was valued at USD 36.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030.  Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastics, is expected to drive the market growth. Major producers are actively venturing into enhancing their products by utilizing advanced technologies for the efficient removal of hazardous pollutants during the manufacturing process. Manufacturers are likely to experience varied production costs due to volatility in the prices of raw materials, such as benzene. A wide distribution network in the market is achieved through both physical retail stores and online retailing. Gather more insights about the market drivers, restrains and growth of the Global Dyes & Pigments Market The availability of the products on e-commerce platforms has incre...