Posts

Pet Food Market Size, Share & Forecast | USD 63.7 by 2030

  According to the Market Statsville Group, the   global pet food market  size was  USD  39.1 billion in 2021  and is estimated to reach  USD 63.7 by 2030 , registering a  CAGR of 63.7%  during the forecast period (2022-2030).  The pet food is very essential as animals requires nutrients as per their unique structure, thus, pet food producing comapanies collaborate with vetenary specialities and develop pet specific foods to cater to the needs of the end-users. Factors such as growing disposable incomes, trend of keeping pet, and others are driving the growth of the market over the forecasting period. COVID - 19 Impact on the Global Pet Food Market Request Sample Copy of this Report:  https://www.marketstatsville.com/request-sample/pet-food-market The COVID-19 has had a negative impact on the growth of the market, due to global lockdowns and disrupted supply chains were major factors hampering its growth amid the pandemic. However, ...

Flavour and Fragrance Market to Reach US$ 43.9 billion by 2030

  According to the Market Statsville Group (MSG), the   global flavour and fragrance market  size is expected to grow from  USD 29.3 billion in 2021  to  USD 43.9 billion by 2030 , at a CAGR of 5.2 %  from 2022 to 2030 .  Personal care is a significant application segment, owing to the increase in demand for deodorants, soaps, creams, talcum powders, perfumes, and hair oils. The rise in demand for car and room fresheners and the increase in popularity of aromatherapy are anticipated to drive the growth of the fragrance ingredients market. The hospitality sector is also experiencing a growth in demand for fragrances to create a pleasant atmosphere. Fragrances are widely approved for industrial use, such as ambiance fragrances for consumer durables and personal care accessories, which was an unexplored category previously. In addition, owing to growth in disposable income, more local consumers, especially young consumers, opt for quality goods. In t...

Acetone Market will reach at a CAGR of 5.5% during the forecast period

  The   global acetone market  size was valued at USD 5.84 billion in 2020 to reach USD 8.05 billion in 2027, register a CAGR of 5.5% during the forecast period. Acetone is a flammable, colorless, volatile liquid commonly used as an industrial solvent. Acetone is produced as a byproduct during phenol manufacturing. It has widely used in industrial and domestic. Prominent end-use industries in the acetone market are pharmaceutical, cosmetics, and paints, and adhesives industries. The pharmaceutical and cosmetic industries have unveiled growth potential due to growing demand from emerging economies and increasing cosmetics spending. Factors Affecting the Acetone Market Over the Forecast Period: Factors such as increasing acetone application as a solvent and a high demand in cosmetics, pharmaceutical, and paints & adhesives industries are anticipated to drive growth. Increasing demand for acetone in paints and coatings, construction, and automotive industries is expected...

Adhesives Market is Projected to Grow at a Robust CAGR of 4.7% during the forecast period (2021-2027)

  The   global adhesives market  size was valued at USD 45.6 billion in 2020, which is expected to reach USD 71.2 billion by 2027, registering a CAGR of 4.7% during the forecast period (2021-2027). Adhesives find their applications across various sectors to bind components, such as automotive parts, wood parts, electronic components, and others. Adhesives can bear heavy loads, which in turn, is augmenting its demand in the machinery industry. Factors Affecting the Adhesives Market Over the Forecast Period: The demand for lightweight automotive is increasing the demand for adhesives across the globe. With adhesives, the vehicle gets lighter, quieter, and safer compared to mechanical fastening methods for binding automotive components. Adhesives are getting huge traction in the packaging industry with the rise of the e-commerce sector across the globe. Flexible packaging will offer considerable growth to the adhesives market in the packaging industry during the forecast per...

Agrochemicals Market to Reach US$ 311.5 billion by 2030

  According to the Market Statsville Group, the   global agrochemicals market  size was valued at  USD 241.1 billion in 2021  and is expected to reach  USD 311.5 billion by 2030 , growing at a  CAGR of 3.2%  from 2022 to 2030. Agrochemicals are specially engineered chemicals that are used in agricultural activities for efficient crop productivity and enable crop protection against insects, weed, and pest’s fungi. It is classified into two categories, namely, bio-based chemicals and synthetic chemicals. Considering the current market conditions, there is a wide increase in the global population are rapidly growing the food consumption demand and with limited amount of arable land, agrochemicals are expected to play a significant role in assisting farmers to meet the increased demand for crops with better quality and quantity. Hence, this trend is expected to continuous which further raises the demand and generates revenue in the current market...

Healthcare Logistics Market Worth US$ 264.7 billion by 2030

  The   global healthcare logistics market  size is expected to grow from  USD 145 . 2 billion in 2021  to  USD 264.7 billion by 2030 , at a CAGR of 7 . 8 %  from 2022 to 2030 .  Healthcare logistics refers to the packaging and transportation of pharmaceuticals, medical devices, surgical and medical supplies, and other healthcare products to hospitals, pharmacies, diagnostic and research laboratories, and other end users .  Factors such as the rising prevalence of chronic diseases and expanding aging population are driving the demand for efficient logistics services .  Moreover, technological advances in the healthcare and logistics industries and collaborative partnerships between third - party logistics  ( 3PL )  providers are other growth drivers for the global healthcare logistics market . Competitive dynamics in the healthcare industry have changed significantly in recent years .  Rising healthcare costs, fierce compe...

Surgical Equipment Market to Reach US$ 15.3 billion by 2030

  The   global surgical equipment market  size is expected to grow from  USD 7 . 0 billion in 2021  to  USD 15.3 billion by 2030 , at a CAGR of 10 . 3 %  from 2022 to 2030 .  Surgical equipment is a medical device commonly used during a surgical procedure .  They are used in orthopedic, thoracic, oral, neurology, and ENT surgeries .  This equipment constitutes an integral part of the orthopedic, cardiovascular, spine, ENT, and neurological surgeries .  These tools permit surgeons to work accurately and efficiently .  They are used in every aspect of surgery, ranging from wound management to drilling, sawing, and reaming in long bone fractures using screws and nails .  These tools are further improved to make them lighter for easy handling by surgeons .  Advanced surgical equipment is reliable as they are high on performance and easy to assemble .  Surgical equipment such as drills, retractors, clamps, and reamers...