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Showing posts from October, 2023

Global Flexible Packaging Market Is Expected To Witness High Growth

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Flexible Packaging Market  The global Flexible Packaging Market is estimated to be valued at US$ 68.5 Bn in 2022 and is expected to exhibit a CAGR of 4.6% over the forecast period from 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Flexible packaging products provide lightweight, cost-effective and sustainable packaging solutions for food, beverage, cosmetic and pharmaceutical industries. Flexible packaging helps extend shelf life of products and offer portion size convenience to consumers. Market key trends: One of the key trends driving growth of the flexible packaging market is the increasing demand for packaged foods and beverages. Flexible packaging is widely used to package snacks, ready-to-eat meals and various food and beverage products. Flexible packaging allows manufacturers to deliver portion controlled and customized packages as per demand of consumers. The flexibility of materials also allows packagers to efficien...

The global Artificial Intelligence (AI) in Genomics Market is estimated to be valued at US$ 1.15 Bn in 2022

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Artificial Intelligence (AI) in Genomics Market The global Artificial Intelligence (AI) in Genomics Market is estimated to be valued at US$ 1.15 Bn in 2022 and is expected to exhibit a CAGR of 50.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Artificial Intelligence in genomics helps in interpretation of genetic data, clinical diagnostics, and drug discovery. It utilizes machine learning algorithms to analyze DNA sequencing data and medical records for detecting diseases and risk factors at an early stage. AI draws meaningful conclusions and insights from large genomic datasets, discovers new biomarkers, and predicts drug response. Market key trends: One of the key trends in the AI in genomics market is the development of cloud-based genomics software. Cloud genomics software utilizes advanced AI and machine learning algorithms to analyze genomic and other biological data in the cloud. It allows researc...

Future Prospects of Global Aerial Work Platform (AWP) Truck Market

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 Aerial Work Platform (AWP) Truck Market  Aerial Work Platform (AWP) Truck Revenues and Market Share The global Aerial Work Platform (AWP) Truck Market is estimated to be valued at US$ 11643.3 Mn in 2022 and is expected to exhibit a CAGR of 11.2% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Aerial work platforms are powered mobile machines that are equipped with an elevating work platform which is used to provide temporary access for workers, tools and equipment to height. They provide safe, reliable and efficient alternative to ladders or scaffolding for tasks at elevation and are used for maintenance, repair and construction activities. They improve productivity and safety at work sites. Market key trends: Increasing construction activities across residential and non-residential sectors are fueling the demand for AWP trucks. Rapid urbanization and infrastructure development projects in emergin...

Interior Fit Out Market is Estimated To Witness High Growth Owing To Rising Construction Expenditure

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Interior Fit Out Market  The global Interior Fit Out Market is estimated to be valued at US$ 58.91 Bn in 2022 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030. Market Overview: Interior fit out involves furnishing and equipping commercial spaces with necessary fixtures, furniture and equipment. It enhances productivity by providing a healthy, elegant and efficient workspace. Interior fit outs provide adaptability, easy maintenance and upgradeability to interior spaces. Market key trends: One of the key trends in the interior fit out market is increased adoption of sustainable interior fit out solutions. Growing environmental concerns have prompted various organizations to incorporate eco-friendly materials and energy efficient fixtures in their interior designs. For example, usage of recycled, recyclable and zero VOC content materials for flooring, partitions and furniture. Furthermore, efficient lighting and HVAC systems are being integrated to reduce ...

Mobile Cold Chain Packaging Market: Increasing Demand for Temperature-Controlled Logistics from Healthcare Sector

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Cold Chain Packaging Market  The global Cold Chain Packaging Market is estimated to be valued at US$ 22.39 billion in 2022 and is expected to exhibit a CAGR of 9.70% over the forecast period 2022-2030. Market Overview: Cold chain packaging products such as insulated containers, boxes, and packaging maintain the required temperatures of temperature-sensitive products during transit and storage. These packaging solutions use phase change materials, gel packs, dry ice, refrigerants, and other innovative technologies to keep products cool throughout the supply chain. They play a vital role in ensuring the efficacy and safety of pharmaceuticals, food, and other temperature-critical goods. Market key trends: One of the major trends observed in the cold chain packaging market is the rising implementation of sustainable packaging solutions. Market players are focusing on developing innovative cold chain packaging products made from recycled or recyclable materials in order to reduce pla...

Nutraceutical Excipients Market Expected to Reach US$2,427.8 Million by 2023

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Nutraceutical Excipients Market  Market Overview: The global nutraceutical excipients market is projected to reach a value of US$2,427.8 million in 2023, with a compound annual growth rate (CAGR) of 10.4% during the forecast period 2022-2030. Nutraceutical excipients are substances used in the formulation of nutraceutical products to enhance their stability, bioavailability, and effectiveness. These excipients play a crucial role in maintaining the quality, appearance, and consistency of nutraceutical products. The global market for nutraceutical excipients is driven by the increasing consumer demand for functional foods and dietary supplements, coupled with the rising awareness regarding the health benefits of nutraceutical products. Furthermore, advancements in excipient technologies and the development of novel excipients are anticipated to drive market growth in the coming years. Market Key Trends: Increasing Demand for Natural and Organic Nutraceutical Excipients The grow...

Food Safety Products and Testing Market to Reach US$859.1 Mn in 2021

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Food Safety Products and Testing Market  Market Overview: The global Food Safety Products and Testing Market is estimated to be valued at US$859.1 million in 2021 and is expected to exhibit a CAGR of 9.6% over the forecast period from 2022 to 2030, according to a new report published by Coherent Market Insights. Food safety products and testing play a crucial role in ensuring the safety and quality of food products. These products are used to detect and eliminate harmful substances, such as pathogens, pesticides, and contaminants, from food items. The increasing consumer awareness and concern about foodborne illnesses and the stringent government regulations regarding food safety are driving the demand for food safety products and testing in the market. Market Key Trends: Foodborne illnesses and contamination outbreaks have been a major concern globally, leading to an increased emphasis on food safety measures. As a result, there is a growing trend of adopting advanced testing...

U.S. Plastic to Fuel Market to Reach US$ 117.3 Mn by 2022

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U.S. Plastic to Fuel Market  Market Overview: The U.S. Plastic to Fuel Market is estimated to be valued at US$ 117.3 Mn in 2022 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023-2030. Plastic to fuel technology involves converting plastic waste into fuel products such as diesel, gasoline, and kerosene. This process offers several advantages including reducing plastic waste pollution, minimizing landfill requirements, and providing an alternative source of energy. With increasing environmental concerns and the need for sustainable solutions, there is a growing demand for plastic to fuel conversion technologies in the U.S. market. Market Key Trends: The key trend in the U.S. Plastic to Fuel Market is the increasing adoption of advanced conversion technologies. Companies such as Plastic2Oil, Agilyx Corporation, Vadxx Energy, and Green Envirotec Holdings are investing in innovative technologies to enhance the efficiency and effectiveness of plastic to fuel conver...

Soft Starter Market to Reach US$2,386.5 Mn in Value by 2022, Exhibiting a CAGR of 8.23%

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Soft Starter Market Market Overview: The global soft starter market is projected to reach a value of US$2,386.5 million by 2022, with a compound annual growth rate (CAGR) of 8.23% during the forecast period of 2023-2030. Soft starters are used to reduce the start-up torque and current of motors, thus ensuring a smooth and controlled acceleration. These devices offer several advantages including reduced wear and tear on equipment, increased operational efficiency, and enhanced motor lifespan. The need for soft starters arises from the growing demand for energy-efficient and cost-effective solutions across various industries such as oil and gas, water and wastewater, power generation, and mining. Market Key Trends: One key trend in the soft starter market is the increasing adoption of smart soft starters. These innovative devices are equipped with advanced technologies such as IoT connectivity, data analytics, and remote monitoring capabilities. Smart soft starters offer real-time opera...

Guarana Market to Witness Significant Growth, Valued at US$5,062.1 Million in 2022 and Expected to Reach US$ (market value for 2022) Million by 2022

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Guarana Market Market Overview: The global Guarana market is estimated to be valued at US$5,062.1 million in 2022 and is expected to exhibit a CAGR of 7.1% over the forecast period of 2023 to 2030. Guarana is a popular herbal extract that is known for its numerous health benefits. It is widely used in the production of energy drinks, dietary supplements, and functional foods due to its natural caffeine content and antioxidant properties. The increasing demand for natural and organic products, coupled with the growing awareness regarding health and wellness, is driving the market growth for Guarana products. The market offers various advantages such as enhanced cognitive function, improved energy levels, and weight management, which are primary factors contributing to its growing popularity among consumers. Market Key Trends: One key trend in the Guarana market is the rising demand for functional beverages. Guarana extract is widely used as a key ingredient in energy drinks and funct...

India Pharmaceutical Packaging Market Projected to Reach US$1.7 Bn by 2023, with a CAGR of 9.7%

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India Pharmaceutical Packaging Market Market Overview: The India pharmaceutical packaging market is expected to witness significant growth over the forecast period 2023-2030. The market is estimated to be valued at US$1.7 billion in 2023, with a projected compound annual growth rate (CAGR) of 9.7% during the forecast period. The pharmaceutical packaging products provide essential functionalities such as protection, containment, and tamper evidence for various pharmaceutical products. These packaging solutions not only ensure product integrity but also help in maintaining drug safety and efficacy. Thus, the increasing need for secure and compliant packaging solutions to meet regulatory requirements and ensure product quality is fueling the demand for pharmaceutical packaging in India. Market Key Trends: One of the key trends observed in the India pharmaceutical packaging market is the shift towards sustainable and eco-friendly packaging solutions. With the growing concern for the envir...

Europe Tissue and Hygiene Paper Market to Grow with a CAGR of 1.62%

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Europe Tissue and Hygiene Paper Market Market Overview: The Europe Tissue and Hygiene Paper market is expected to witness high growth, exhibiting a CAGR of 1.62% over the forecast period of 2022-2030  Tissue and hygiene paper products play a crucial role in maintaining personal and public hygiene. The increasing awareness about the importance of hygiene and sanitation, coupled with the growing focus on healthcare and wellness, is driving the demand for tissue and hygiene paper products in the European market. These products offer various advantages, such as convenience, hygiene improvement, and reduction in the risk of contamination or disease transmission. They find applications in households, commercial spaces, healthcare facilities, and restaurants among others. Market key trends: Environmental sustainability is a key trend observed in the Europe Tissue and Hygiene Paper Market. With the growing concern for the environment and the increasing need to reduce carbon footprint,...

Glutathione Market to Witness Substantial Growth in the Forecast Period

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Glutathione Market  The global Glutathione Market is estimated to be valued at US$ 252.1 Mn in 2022 and is expected to exhibit a CAGR of 8.8% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Glutathione is a powerful antioxidant that plays a crucial role in various physiological processes. It helps in neutralizing free radicals, detoxifying harmful compounds, and boosting the immune system. The market for glutathione is driven by the increasing awareness about the health benefits associated with its consumption. Additionally, factors such as the rise in chronic diseases and the growing demand for anti-aging and skincare products are contributing to the market growth. Glutathione supplements are also gaining popularity among athletes and fitness enthusiasts due to their potential to enhance performance and aid in muscle recovery. Market Key Trends: One key trend in the glutathione market is the growing dem...

Water Treatment Chemicals Market to Reach US$ 38.0 Billion in 2022, with a CAGR of 6.67%

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Water Treatment Chemicals Market  A) Market Overview: The global water treatment chemicals market is estimated to be valued at US$ 38.0 Billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 6.67% over the forecast period of 2023-2030. Water treatment chemicals play a vital role in the purification and treatment of water for various industrial, commercial, and residential applications. These chemicals aid in the removal of impurities, such as bacteria, viruses, sediments, and organic matter, as well as help in adjusting the pH level of water. The increasing demand for clean and safe drinking water, stringent government regulations regarding water quality, and the growing population are driving the growth of the water treatment chemicals market. B) Market Key Trends: One key trend in the water treatment chemicals market is the growing focus on sustainable solutions. With increasing environmental concerns, there is a rising demand for eco-friendly water ...

Water and Wastewater Treatment Chemicals Market to Reach US$ 32,548.27 Mn by 2022

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Water and Wastewater Treatment Chemicals Market Market Overview: The global water and wastewater treatment chemicals market is estimated to reach a value of US$ 32,548.27 Mn in 2022 and is expected to exhibit a CAGR of 4.2% over the forecast period from 2022 to 2030. Water and wastewater treatment chemicals are critical for ensuring the purification and safe disposal of water and wastewater in various industrial and municipal applications. These chemicals play a crucial role in removing impurities, contaminants, and pollutants from water, making it suitable for consumption or release into the environment. The need for water and wastewater treatment chemicals arises from the increasing concerns over water pollution, growing industrial activities, and stringent government regulations related to environmental protection. Market Key Trends: One of the key trends in the water and wastewater treatment chemicals market is the increasing adoption of sustainable and eco-friendly chemicals. As ...