#Global 3D Food Printing Market 3D Food Printing Market Size 3D Food Printing Market Share 3D Food Printing Market Growth 3D Food Print
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ccIn-depth Research Report Offers Growth Prospects, Business Statistics and Emerging Demands upto 2030
Blower MarketGrowth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market.
The global Blower Market size is USD 3.5 billion in 2022 and is projected to reach a CAGR of 2.5% from 2023-2030.
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An apparatus that is used to boost the velocity of gas or air as it travels through impellers is called a blower. Exhausting, aspirating, cooling, ventilating, and conveying are the primary uses of blowers. In several industries, they are also known as centrifugal fans.
The majority of industries that require moderate pressure in conditions where pressure is greater than that of the fan but lower than that of the compressor use blowers. In the suction section, the rotating fan in the blowers vacuums the air. After that, the trapped air is forced into the outlet side. Blowers are categorized as either positive displacement or centrifugal for use in industrial settings.
The primary factor driving the market growth is the increasing commercial and industrial sector. The average height of buildings and traffic congestion have been rising in tandem with population growth and urbanization.
The demand for ventilation equipment to make up for the lack of proper ventilation is anticipated to rise during the forecast period as this trend is expected to continue. This presents a growth opportunity for the market.
The Prominent Players in Blower Market:
Atlas Copco
Shandong Zhangqiu Blower Co., Ltd.
Ingersoll Rand, Inc.
Aerzener Maschinenfabrik GmbH
ZCJSD
Shandong Huadong Blower Co., Ltd.
Xylem Inc.
Everest Blowers Pvt. Ltd.
Manvac Technik Limited
Turbo Blower Manufacturer and More
Regional Analysis
Asia Pacific to Dominate the Market
The region of Asia-Pacific has a larger share of the market. Due to the rapidly rising demand for energy and expanding commercial and industrial operations, China is one of the largest producers and exporters of fans and blowers worldwide.
The domestic market for fans and blowers is likely to be pushed by China's expanding industrial operations, which are anticipated to surpass those of the United States and establish the nation as an economic superpower.
Key Findings
The product type segment is divided into Positive Displacement Blower, High-Speed Turbo Blower, centrifugal blowers, and regenerative blowers. The high-speed turbo blowers are expected to be growing at the highest rate and dominate the market during the forecast years with the market being driven by high efficiency.
The pressure segment is further segmented into up to 15 psi, 15-20 psi, and above 20 psi. Upto 15 psi Is expected to dominate the future market and grow at the highest rate during the forecast years. The market driving force is the increasing demand for blowers.
The end-user industry segment is further fragmented into Cement Plants, Steel Plants, Mining, Power Plant, chemicals, Oil & Gas, Aerospace & Defense, Food Processing, Pulp & Paper, Water Treatment Plants, and Others. The food and beverage segment are anticipated to be the second-largest segment during the forecast years.
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More Related Reports:
Automotive 3D Printing Market
Automotive Advanced High-Strength Steel (AHSS) Market
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Industrial 3D Printing Materials Market, Global Outlook and Forecast 2025-2032
Industrial 3D Printing Materials Market Size,Demand & Supply, Regional and Competitive Analysis 2025-2031
Industrial 3D Printing Materials are specialized materials used for the additive manufacturing process in various industries including automotive, aerospace, healthcare, consumer goods, and construction. These materials consist of plastics, metals, ceramics, and other advanced materials that are specifically formulated for use in 3D printing technologies.
Market Size
The global Industrial 3D Printing Materials market was valued at USD 1685 million in 2023 and is expected to reach USD 6660.90 million by 2032, with a projected CAGR of 16.50% during the forecast period. The North America Industrial 3D Printing Materials market was estimated at USD 572.04 million in 2023, showing a CAGR of 14.14% from 2025 to 2032.
Market Dynamics
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Drivers
1. Technological Advancements: Continuous advancements in 3D printing technologies and materials are driving the demand for industrial 3D printing materials.
2. Increased Adoption Across Industries: Growing adoption of 3D printing in automotive, aerospace, and healthcare sectors is boosting the demand for industrial 3D printing materials.
3. Customization and Product Innovation: The ability of 3D printing to enable customization and innovation in product design is fueling the market growth of industrial 3D printing materials.
Restraints
1. High Initial Investment: The high initial investment required for 3D printing equipment and materials is a major barrier to market growth.
2. Regulatory Challenges: Stringent regulations and standards in industries like aerospace and healthcare can limit the adoption of industrial 3D printing materials.
3. Material Limitations: The limitations of current materials in terms of strength, durability, and performance can hinder the widespread adoption of industrial 3D printing materials.
Opportunities
1. Emerging Applications: Increasing applications of 3D printing in new industries and areas such as electronics, education, and food present untapped opportunities for industrial 3D printing materials.
2. R&D and Innovation: Continued research and development efforts to enhance material properties and develop new formulations can create opportunities for market expansion.
3. Adoption in Emerging Markets: The adoption of industrial 3D printing materials in emerging markets provides a growth opportunity due to increasing industrialization and technological advancements.
Challenges
1. Quality Control: Ensuring consistent quality and performance of 3D printed parts poses a challenge due to variations in materials and printing processes.
2. Sustainability Concerns: The environmental impact of 3D printing materials and processes, including waste generation and energy consumption, is a growing concern for sustainability.
3. Supply Chain Disruptions: Disruptions in the supply chain of raw materials and additives can impact the availability and pricing of industrial 3D printing materials.
Industrial 3D Printing Materials Market Analysis
Regional Analysis:
North America: The Industrial 3D Printing Materials market in North America has been experiencing significant growth, with key players like 3D Systems and Stratasys leading the market. The demand for industrial 3D printing materials in sectors such as aerospace, automotive, and healthcare is on the rise, driven by technological advancements and increasing adoption. Supply dynamics are robust, supported by a well-established raw material supply chain and manufacturing capabilities. Growth in this region is fueled by a strong economy, innovation, and favorable government policies.
Competitor Analysis:
Major Competitors: Leading companies in the Industrial 3D Printing Materials market include 3D Systems, Stratasys, and General Electric. These players have a significant market share and influence in the industry.
Market Share & Influence: 3D Systems and Stratasys hold a major portion of the market share, with General Electric making a strong impact as well. Their innovative technologies and product offerings contribute to their dominance in the market.
Strategies: Companies like 3D Systems and Stratasys focus on continuous innovation, strategic pricing strategies, and partnerships to enhance their market presence. General Electric emphasizes technological advancements and diversification through acquisitions to expand its market reach.
Competitive Positioning: Each company has a distinct competitive advantage. 3D Systems excels in diversified product offerings, Stratasys stands out for its strong R&D capabilities, and General Electric leads in technological advancements and global presence, positioning them uniquely in the market.
Global Industrial 3D Printing Materials Market: Market Segmentation Analysis
This report provides a deep insight into the global Industrial 3D Printing Materials market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Industrial 3D Printing Materials Market. This report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Industrial 3D Printing Materials market in any manner.
Market Segmentation (by Application)
Automotive
Aerospace & defense
Healthcare
Consumer Goods
Construction
Others (Electronics, Education, Food, etc.)
Market Segmentation (by Type)
Plastic
Metal
Ceramic
Others
Key Company
3D System
Arkema
Royal DSM
ExOne Company
Stratasys
General Electric
EOS GmbH Electro
Materialise
Sandvik
Höganäs AB
FAQ
Q1.What is the current market size of Industrial 3D Printing Materials Market?
The global Industrial 3D Printing Materials market size was estimated at USD 1685 million in 2023 and is projected to reach USD 6660.90 million by 2032.
Q2.Which key companies operate in the Industrial 3D Printing Materials Market?
The major players in the market are 3D System, Arkema, Royal DSM, ExOne Company, Stratasys, General Electric, EOS GmbH Electro, Materialise, Sandvik, and Höganäs AB.
Q3.What are the key growth drivers in the Industrial 3D Printing Materials Market?
The main factors fueling market expansion include increasing demand from industries like automotive, aerospace, healthcare, and consumer goods, technological advancements, and growing adoption of 3D printing in manufacturing processes.
Q4.Which regions dominate the Industrial 3D Printing Materials Market?
The market is dominated by North America, Europe, and Asia-Pacific regions based on demand, supply, and market share contributions.
Q5.What are the emerging trends in the Industrial 3D Printing Materials Market?
Emerging trends in the market include the rise of metal 3D printing applications, advancements in ceramic materials for additive manufacturing, and the integration of 3D printing in healthcare for personalized medical devices and implants.
#Industrial3DPrinting#3DPrintingMaterials#AdditiveManufacturing#MarketForecast#GlobalMarket#AdvancedMaterials#ManufacturingTechnology#Prototyping#IndustrialInnovation#MarketTrends#Metal3DPrinting#Polymer3DPrinting#MarketGrowth#SustainableManufacturing#IndustryAnalysis#FutureOfManufacturing
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Biodegradable Plastic Market Size To Reach USD 10.04 Billion By 2030
Biodegradable Plastic Market Growth & Trends
The global biodegradable plastic market size is expected to reach USD 10.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period.
Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance the biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.
The starch-based segment leads the global market. Starch-based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive, and textiles. PLA is also one of the most consumed biodegradable plastic-type. It is used in 3D printing, mulch film, and packaging.
Packaging is the leading application of biodegradable plastics. A ban on plastics by European Commission is anticipated to drive the segment during the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.
Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this, issue several countries have banned the use of single-use plastic products and are promoting the use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the market. Additionally, improving the standard of living and increasing disposable income in developing countries are likely to augur well for the market in the Asia Pacific and Central & South America.
Key players are investing in research and development activities to create improved products that are strong and can be easily decomposed in the natural environment. Many the companies have integrated the value chain to serve customers better and improve the profits of the company
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Biodegradable Plastic Market Report Highlights
The polylactic acid (PLA) segment is expected to grow at the fastest CAGR over the forecast period, owing to its strong environmental benefits and wide range of uses.
Packaging was the largest application segment for biodegradable plastics in 2023 with a revenue share of more than 53.91%.
Europe is the largest region in terms of value and volume. However, Central & South America is expected to emerge as the fastest-growing region for biodegradable plastics.
Biodegradable Plastic Market Segmentation
Grand View Research has segmented the global biodegradable plastic market on the basis of on process, end-use, and region:
Biodegradable Plastic Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Starch Based
PLA
PBAT
PBS
PHA
Others
Biodegradable Plastic End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Packaging
Food Packaging
Non-Food Packaging
Agriculture
Textiles
Consumer Goods
Others
Biodegradable Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
List of Key Players in the Biodegradable Plastic Market
Cargill Incorporated
PTT MCC Biochem Co., Ltd.
Biome Technologies plc
Plantic Technologies Limited
BASF SE
Total Corbion PLA
NatureWorks LLC
Eastman Chemical Company
Trineso
Danimer Scientific
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/biodegradable-plastics-market
#Biodegradable Plastic Market#Biodegradable Plastic Market Size#Biodegradable Plastic Market Share#Biodegradable Plastic Market Trends
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Edible Water Bottles Market
Edible Water Bottle Market Size, Share, Trends: Notpla Leads
Innovative Materials and Flavours Drive Product Differentiation in the Edible Water Bottle Market
Market Overview:
The edible water bottle market is estimated to grow at a CAGR of 10% between 2024 and 2031, with the market value rising from USD XX in 2024 to USD YY by 2031.
Europe now dominates the market, accounting for the vast majority of worldwide revenue. Key metrics include rising environmental awareness, increased demand for sustainable packaging solutions, and ongoing advancements in biodegradable materials. The market is expanding rapidly due to the global push to reduce plastic waste, increased acceptance of eco-friendly products, and rising consumer awareness about the environmental impact of single-use plastics. Because of increased urbanisation and shifting customer preferences for sustainable products, emerging economies offer considerable growth prospects.
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Market Trends:
The edible water bottle market is seeing a substantial shift towards the creation of new materials and flavours, which is increasing product differentiation and customer appeal. Manufacturers are experimenting with a variety of biodegradable and edible materials, including seaweed extracts, plant-based starches, and fruit-derived chemicals, to make water bottles that are not only ecologically friendly but also provide distinct taste experiences.
For example, some companies are infusing their edible water bottles with natural fruit flavours or useful elements such as vitamins and minerals to appeal to health-conscious consumers. This trend not only improves the sensory experience of drinking from edible water bottles, but it also addresses certain early users' concerns about taste neutrality. Furthermore, there is growing interest in materials that can increase the shelf life of these items while retaining their edibility and biodegradability. The emphasis on innovation is now spreading to manufacturing processes, with companies investigating 3D printing and other advanced manufacturing techniques to develop more complicated and visually appealing designs. This movement towards new materials and flavours is altering customer expectations and increasing market rivalry.
Market Segmentation:
Seaweed-based materials dominate the edible water bottle market, driven by their natural abundance, biodegradability, and nutritional benefits. Seaweed-based materials have emerged as the industry leader in edible water bottles, thanks to their multiple advantages in terms of sustainability, practicality, and potential health benefits. This segment's dominance is based on seaweed's natural abundance, high growing rate, and ability to absorb carbon dioxide, making it an environmentally favourable option. Seaweed-based edible water bottles are highly biodegradable, often disintegrating in 4-6 weeks in natural conditions, far faster than standard plastics.
The global market for seaweed-based edible water bottles was estimated to be worth $YY million in 2023, with strong growth expected in the years ahead. Consumer preference for natural and sustainable packaging solutions is driving this expansion, notably in eco-conscious economies in Europe and North America. The seaweed-based market is also benefiting from ongoing research and development initiatives to improve the taste, texture, and shelf life of its goods. Recent industry advances have strengthened the position of seaweed-based materials in the edible water bottle market. In late 2023, a top sustainable packaging manufacturer launched a new formulation of seaweed-based consumable water bottles, extending the product's shelf life to 8 weeks and overcoming one of the market's major difficulties. Furthermore, cooperation between seaweed growers, material scientists, and food technology experts is growing, spurring innovation in the manufacture and application of seaweed-based materials for edible packaging. The business is also seeing greater investment in seaweed cultivation, with numerous coastal countries introducing laws to assist seaweed farming as part of their blue economy initiatives, assuring a consistent supply of raw materials for the expanding edible water bottle market.
Market Key Players:
Notpla
Ooho Water (Skipping Rocks Lab)
Lactips
Loliware
Evoware
Quantum Designs
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Photoinitiator Market Industry Leaders Size & Share Outlook & New Revenue Pockets
Growing applications and environmental restrictions on VOCs to drive the acceptance of photoinitiators in the market
The global photoinitiators market size was USD 1.6 billion in 2021 and is expected to reach USD 2.6 billion by 2026, projecting a CAGR of 10.3% between 2021 and 2026. photoinitiators are increasingly used in the adhesive, ink, coating and other end-use industries. The increasing demand of coating industry drives the demand for photoinitiators. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for photoinitiators. Due to the lockdown scenario in most of the world, the demand for photoinitiators from adhesive, coating, ink and other industries have declined sharply in 2020.
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As the world is getting ready to open up its economies and reduce restrictions from June 2021, the market will take an upward turn. The photoinitiators market is expected to witness high growth in 2021 owing to increasing applications, technological advancements, and growing demand in APAC. Photoinitiators are largely used in the coating applications by the wood, furniture, and architectural end-use industries apart from adhesive and printing ink industries. This market growth is backed by growing environmental concerns and increasingly stringent regulations.
The increasing number of restrictions on VOCs across the globe is pushing the industry to search for an alternative. Photoinitiators proved to be a safer and economical substitute. It enhances the surface finish as well as the shelf life of the product. Photoinitiators have been developed so that they are safe even for use in the dental industry. Many food safety compatible photoinitiators are also developed. All these photoinitiators are eco-friendly and have virtually no impact on human health.
UV curable resins market has developed high growth prospects in 3D printing, digital printing, packaging, barrier films, and printed circuit applications. Automotive, architecture, medical, and several other industries are using 3D printing solutions to improve their design and manufacturing strategies. The 3D printing technology is expected to advance further in printers and printing methods, materials used in 3D printing, and software for designing and printing. All this directly affects the demand of the photoinitiators market.
Photoinitiators are the key to innovation in coatings, which have influenced the major trends in the coatings industry. The coating industry is largely influenced by stringent regulations set by authorities, including the European Union (EU), for reducing the VOC content from coatings, adhesives and inks. Consequently, the demand has shifted from solvent-borne UV to environmentally friendly products, such as waterborne UV using photoinitiators.
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The demand for waterborne photoinitiators has witnessed substantial growth in the past five years owing to rapid technological developments. In addition to eliminating solvent emissions, photoinitiator-based UV curing formulations provide improved mechanical characteristics, and increased production efficiency, particularly, in the spray application. These benefits encourage end users to adopt photoinitiator-based UV technology for new applications.
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Biodegradable Polymers Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players
The biodegradable polymers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Biodegradable Polymers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The biodegradable polymers market size has grown rapidly in recent years. It will grow from $6.58 billion in 2023 to $7.78 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to growth in e-commerce, growth in the healthcare sector, growth in initiatives promoting circular economy practices, rise in demand from the cosmetics industry, and increasing investments in research and development.
The biodegradable polymers market size is expected to see rapid growth in the next few years. It will grow to $15.35 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to increasing industrialization, growing demand for eco-friendly materials, rising packaging industry, increasing demand for sustainable packaging, and increasing environmental regulations. Major trends in the forecast period include technological advancements, adoption of life cycle assessments, hybrid materials, 3D printing, and algae-based biodegradable polymers.
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The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The expansion of the agricultural sectors is expected to propel the growth of the biodegradable polymer market going forward. Agricultural sectors refer to the various segments of agriculture, including crop production, livestock farming, forestry, fisheries, and agribusiness, each focused on producing food, raw materials, and related products. Agricultural sectors are expanding due to rising global demand for food driven by population growth, advancements in farming technologies, increased investment in sustainable practices, and the growing need for bio-based materials. Biodegradable polymers are required in agricultural sectors to reduce plastic waste, improve soil health, and promote sustainability by providing eco-friendly alternatives for products such as mulch films, seed coatings, and packaging. For instance, in September 2024, according to a report published by the United States Department of Agriculture, a US-based government agency, agriculture, food, and related industries contributed approximately $1.53 trillion to the U.S. gross domestic product (GDP) in 2023, representing 5.6 % of the total. Therefore, expanding the agricultural sectors is driving the growth of the biodegradable polymer market.
Market Trends - Major companies operating in the biodegradable polymers market are focused on developing soil conditioners to improve soil structure, enhance water retention, boost nutrient availability, and promote better root development. A soil conditioner is a material added to soil to improve its physical characteristics, including structure, water retention, and nutrient availability, promoting plant growth and improving soil health. For instance, in August 2024, Hydroplan-EB, a UK-based manufacturer of biodegradable polymers and superabsorbent polymers, launched HYB PLUS biodegradable polymer. Hydroplan-EB's biodegradable polymers are designed with additives that enhance rooting and promote successful establishment during planting and transplanting. These polymers improve initial plant development while minimizing the need for replanting. Key benefits include elevated nitrogen levels, organic carbon, and enzymes that help mitigate the physiological stress often associated with transplanting.
The biodegradable polymers market covered in this report is segmented –
1) By Type: Starch-Based, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters, Cellulose Derivatives 2) By Substrate: Paper And Paperboard, Cellulose Films, Other Substrates 3) By Application: Agriculture, Textile, Consumer Goods, Packaging, Healthcare, Other Applications
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Regional Insights - Asia-Pacific was the largest region in the biodegradable polymers market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable polymers marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the biodegradable polymers marker are BASF SE, Mitsubishi Chemical Group Corporation, Merck Group, Evonik Industries AG, Solvay S.A., Koninklijke DSM N.V., Smurfit Kappa Group plc, Sulzer Ltd., Toyobo Co. Ltd., Corbion N.V., Green Dot Bioplastics Inc., Kaneka Belgium N.V., Danimer Scientific Inc., Polysciences Inc., Sulapac Ltd., TIPA Corp Ltd., Natur-Tec, TotalEnergies Corbion B.V., BioBag International AS, Futerro S.A., Cereplast Inc.
Table of Contents 1. Executive Summary 2. Biodegradable Polymers Market Report Structure 3. Biodegradable Polymers Market Trends And Strategies 4. Biodegradable Polymers Market – Macro Economic Scenario 5. Biodegradable Polymers Market Size And Growth ….. 27. Biodegradable Polymers Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Global Solid Bleached Sulfate (SBS) Board Market Analysis 2024: Size Forecast and Growth Prospects
The solid bleached sulfate (sbs) board global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Solid Bleached Sulfate (SBS) Board Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The solid bleached sulfate (SBS) board market size has grown steadily in recent years. It will grow from $8.22 billion in 2023 to $8.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rise in consumer goods industries, rise of quick service restaurants, rise of shelf-ready packaging in retail, growing consumer awareness about health and hygiene, and expansion of the personal care industry.
The solid bleached sulfate (SBS) board market size is expected to see steady growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increased focus on packaging innovation in electronics, balancing high-quality features with cost-effectiveness, companies are investing in research and development to innovate and improve SBS board properties, recyclable and compostable coatings, and improvements in food safety standards. Major trends in the forecast period include lightweight packaging solutions, automation in manufacturing, use of 3D printing technology, integration of AR features in SBS board packaging, and use of AI algorithms to detect defects.
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Scope Of Solid Bleached Sulfate (SBS) Board Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Solid Bleached Sulfate (SBS) Board Market Overview
Market Drivers - The packaging industry is expected to propel the solid bleached sulfate (SBS) board market growth going forward. The packaging industry is the sector involved in designing, manufacturing, and supplying materials used to enclose and protect products for distribution, storage, sale, and use. E-commerce expansion has dramatically increased demand for shipping and protective packaging. Consumer preferences for convenience and on-the-go products drive innovation in single-serve and portable packaging designs. Solid Bleached Sulfate (SBS) board supports the packaging industry by offering high printability and visual appeal, superior strength and durability, versatile applications, eco-friendly and recyclable properties, and enhanced barrier properties, making it an ideal choice for protecting and marketing a wide range of products. For instance, according to Invest India, an India-based national investment promotion and facilitation agency, the Indian packaging market is expected to reach $ 204.81 Bn by 2025, registering a CAGR of 26.7% from 2020 to 2025. Therefore, the expanding packaging industry drives the solid bleached sulfate (SBS) board market.
Market Trends - Major companies operating in the solid bleached sulfate (SBS) board market are prioritizing the creation of sustainable products in response to rising consumer and regulatory expectations for eco-friendly packaging solutions. A sustainable cup is a cup or container designed to minimize environmental impact using eco-friendly materials or reusable designs. For instance, in June 2022, Clearwater Paper, a US-based paper and forest product manufacturing company, launched NuVo with BioPBS, a sustainable cup. NuVo with BioPBS is a type of solid bleached sulfate (SBS) board enhanced with BioPBS, a biodegradable and compostable bioplastic. This innovative material combines the strength and high printability of the SBS board with the environmental benefits of BioPBS, making it an eco-friendly packaging solution.
The solid bleached sulfate (SBS) board market covered in this report is segmented –
1) By Product: Solid Bleached Sulfate C1S, Solid Bleached Sulfate C2S 2) By Category: Coated, Uncoated 3) By Application: Folding Carton, Cup And Plate, Liquid Packaging, Other Applications 4) By End-Use: Food Packaging, Cosmetic Packaging, Pharmaceutical Packaging, Graphical Use, Electronics Packaging, Other End-Uses
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Regional Insights - North America was the largest region in the solid bleached sulfate (SBS) board market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid bleached sulfate (SBS) board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the solid bleached sulfate (SBS) board market are WestRock Company, International Paper Company, Stora Enso, Smurfit Kappa, Graphic Packaging Holding Company (GPK), Georgia-Pacific, ITC Limited, Sappi Limited, Billerud AB, Fedrigoni, JK Paper Ltd., Holmen Iggesund, Oji Fibre Solutions (NZ) Limited, PakFactory, Diamond Packaging, Newman & Company Inc., Lamitech Inc., Sandusky Packaging Corporation, Cascades Sonoco, Hammond Paper Company Limited
Table of Contents 1. Executive Summary 2. Solid Bleached Sulfate (SBS) Board Market Report Structure 3. Solid Bleached Sulfate (SBS) Board Market Trends And Strategies 4. Solid Bleached Sulfate (SBS) Board Market – Macro Economic Scenario 5. Solid Bleached Sulfate (SBS) Board Market Size And Growth ….. 27. Solid Bleached Sulfate (SBS) Board Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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3d Printing Market Size, Share, Growth and Industry Trends 2024 - 2030
The global 3D printing market size was valued at USD 20.37 billion in 2023 and is expected to register a CAGR of 23.5% from 2024 to 2030. The aggressive research & development in three-dimensional printing and the growing demand for prot otyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market.
The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.
The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing, and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have been reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.
Gather more insights about the market drivers, restrains and growth of the 3d Printing Market
3D Printing Market Report Highlights
• 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly
• The prototyping segment led the market and accounted for more than 54% share of the global revenue in 2023 owing to extensive adoption of the prototyping process across several industry verticals
• The metal segment led the market for 3D printing and accounted for more than 54% share of the global revenue in 2023. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace and defense
• The desktop 3D printer type segment, which has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others, is expected to adopt the 3D printing technique aggressively over the forecast period
• Demand for desktop 3D printers is expected to increase over the forecast period as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage, as well as in the education sector for training purposes
• The Asia Pacific market, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3D printing, particularly in countries including China, Japan, and South Korea
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• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030.
• The global centralized refrigeration systems market size was estimated at USD 29.87 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030.
3D Printing Market Segmentation
Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region:
3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
• Software
• Services
3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)
• Desktop 3D Printer
• Industrial 3D Printer
3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)
• Stereolithography
• Fuse Deposition Modelling
• Selective Laser Sintering
• Direct Metal Laser Sintering
• Polyjet Printing
• Inkjet printing
• Electron Beam Melting
• Laser Metal Deposition
• Digital Light Processing
• Laminated Object Manufacturing
• Others
3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)
• Design Software
• Inspection Software
• Printer Software
• Scanning Software
3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)
• Prototyping
• Tooling
• Functional Parts
3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)
• Industrial 3D Printing
o Automotive
o Aerospace & Defense
o Healthcare
o Consumer Electronics
o Power & Energy
o Others
• Desktop 3D Printing
o Educational Purpose
o Fashion & Jewelry
o Objects
o Dental
o Food
o Others
3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)
• Polymer
• Metal
• Ceramic
3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Singapore
• South America
o Brazil
• Middle East and Africa (MEA)
o KSA
o UAE
o South Africa
Order a free sample PDF of the 3d Printing Market Intelligence Study, published by Grand View Research.
#3d Printing Market#3d Printing Market size#3d Printing Market share#3d Printing Market analysis#3d Printing Industry
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Biodegradable Plastic Market To Reach USD 10.04 Billion By 2030
Biodegradable Plastic Market Growth & Trends
The global biodegradable plastic market size is expected to reach USD 10.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period.
Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance the biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.
The starch-based segment leads the global market. Starch-based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive, and textiles. PLA is also one of the most consumed biodegradable plastic-type. It is used in 3D printing, mulch film, and packaging.
Packaging is the leading application of biodegradable plastics. A ban on plastics by European Commission is anticipated to drive the segment during the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.
Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this, issue several countries have banned the use of single-use plastic products and are promoting the use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the market. Additionally, improving the standard of living and increasing disposable income in developing countries are likely to augur well for the market in the Asia Pacific and Central & South America.
Key players are investing in research and development activities to create improved products that are strong and can be easily decomposed in the natural environment. Many the companies have integrated the value chain to serve customers better and improve the profits of the company
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/biodegradable-plastics-market
Biodegradable Plastic Market Report Highlights
The polylactic acid (PLA) segment is expected to grow at the fastest CAGR over the forecast period, owing to its strong environmental benefits and wide range of uses.
Packaging was the largest application segment for biodegradable plastics in 2023 with a revenue share of more than 53.91%.
Europe is the largest region in terms of value and volume. However, Central & South America is expected to emerge as the fastest-growing region for biodegradable plastics.
Biodegradable Plastic Market Segmentation
Grand View Research has segmented the global biodegradable plastic market on the basis of on process, end-use, and region:
Biodegradable Plastic Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Starch Based
PLA
PBAT
PBS
PHA
Others
Biodegradable Plastic End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Packaging
Food Packaging
Non-Food Packaging
Agriculture
Textiles
Consumer Goods
Others
Biodegradable Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
List of Key Players in the Biodegradable Plastic Market
Cargill Incorporated
PTT MCC Biochem Co., Ltd.
Biome Technologies plc
Plantic Technologies Limited
BASF SE
Total Corbion PLA
NatureWorks LLC
Eastman Chemical Company
Trineso
Danimer Scientific
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/biodegradable-plastics-market
#Biodegradable Plastic Market#Biodegradable Plastic Market Size#Biodegradable Plastic Market Share#Biodegradable Plastic Market Trends
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Vitamins & Dietary Supplements Procurement Intelligence: Global Market Is Expected to Exhibit CAGR of 8.5% During 2024-2030
Vitamins & Dietary Supplements - Procurement Intelligence
Vitamins & dietary supplements procurement is expected to unlock huge opportunities by harnessing advanced technologies across advanced and emerging economies. The global market size stood at USD 178.5 billion in 2023. Traction for health and wellness is evolving among America consumers as they seek supplements tailored to their needs. Notably, North America dominated the industry in 2023, accounting for 35% of the overall market share, followed by Europe and Asia Pacific.
Meanwhile, Europe is anticipated to witness growth owing to increased consumer awareness of health and the role of supplements in weight control and physical activity as well as their readiness to pursue a healthier lifestyle. The Asia Pacific region is poised to observe the fastest growth rate during the forecasted period. This growth is attributed to increasing consumer awareness & purchasing power along with a rise in the geriatric population in countries such as Japan and China.
Vitamins & dietary supplements are manufactured in several forms, such as tablets, capsules, powders, liquids, and gels. By type, the products are segmented into vitamin subtypes (e.g., A, B, C, D, E, and K), minerals, amino acids, enzymes, and probiotics. The products have end-use applications in pharmaceuticals, nutraceuticals, feed products, foods and beverages, and personal care products. A few of the key raw materials used in manufacturing these products include retinol, carotenoids, thiamin, riboflavin, ascorbic acid, cholecalciferol, calcium carbonate, and magnesium aspartate.
Key technologies driving the growth include nanoencapsulation, biohacking and targeted supplementation, nutrigenomics, 3D printing of capsules, and lab-grown nutrients. For instance, nanoencapsulation provides various benefits, such as improving the stability and solubility of bioactive compounds used in the manufacturing of vitamins and dietary supplements. It also inhibits the deterioration of products during storage and transportation. It also enhances the bioavailability and potency of the target compounds in the products.
Industry players purchase raw materials and active ingredients from a variety of sources and locations. The profit margins are typically moderate to low due to intense competition. The key players usually compete over pricing strategies, product innovations, packaging, labeling, and advertising. Customers can be selective, as their objective is to purchase the best available options at the lowest feasible cost. This increases the pressure on key players to provide competitive pricing and high-quality products. Besides, regulatory guidelines in several countries require companies to have stringent quality control and safety standards.
Vitamins & dietary supplements may either be manufactured in-house or through contract development & manufacturing organizations (CDMOs). They may be distributed via offline or online distribution channels. Offline channels include brick-and-mortar establishments such as direct sellers, pharmacies, hypermarkets, supermarkets, convenience stores, or other tangible shop environments. Online channels comprise e-pharmacies (Walgreens, CVS, PharmEasy) and e-commerce platforms (Amazon, eBay, Flipkart).
The COVID-19 pandemic caused significant disruption in the global vitamins and dietary supplements industry. The product demand intensified after the COVID-19 outbreak, due to the surge in demand for immunity-boosting products. Supply disruptions were prevalent due to transportation bottlenecks and labor shortages during government-imposed lockdowns, but the supply stabilized significantly in 2023 to meet the increased global demand.
Order your copy of the Vitamins & Dietary Supplements Procurement Intelligence report 2024-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Vitamins & Dietary Supplements Sourcing Intelligence Highlights
The vitamins & dietary supplements market has a fragmented landscape, with intense competition among the service providers.
Countries such as India and China are the preferred low-cost/ best-cost countries for vitamins and dietary supplements owing to cheap raw material costs, cheap labor costs, competitive pricing, and high return on investment.
Buyers have high negotiating power due to the intense competition among the service providers based on the scope of services and prices, enabling the buyers with flexibility to switch to a better alternative.
Raw materials, labor, technology and equipment, energy and utilities, packaging, labeling, and logistics, and other costs are the major cost components of the vitamins & dietary supplements. Other costs include R&D, regulatory and compliance, rent, general and administrative, sales and marketing, and finance and taxes.
List of Key Suppliers
Abbott Laboratories
Amway Corporation
Archer Daniels Midland Company (ADM)
BASF SE
Bayer AG
DSM Nutritional Products AG
GlaxoSmithKline plc (GSK)
Herbalife International, Inc.
Lonza Group Limited
Pfizer, Inc.
American Health Inc.
RBK Nutraceuticals Pty Ltd.
Browse through Grand View Research’s collection of procurement intelligence studies:
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Vitamins & Dietary Supplements Procurement Intelligence Report Scope
Vitamins & Dietary Supplements Category Growth Rate: CAGR of 8.5% from 2024 to 2030
Pricing Growth Outlook: 5% - 10% increase (Annually)
Pricing Models: Cost-plus pricing, competition-based pricing, demand-based pricing, bundled pricing
Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria: Geographical service provision, revenue generated, key regulatory certifications, years in service, employee strength, clientele, product portfolio, key technologies, distribution channels, application/end-use, customer ratings, and others.
Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
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Pet Furniture Industry: Furniture Market Insights Trends, Growth, and Future Perspectives
Pet owners around the world are increasingly spending more on their furry friends. The global pet furniture industry has seen tremendous growth over the past decade to cater to pet parents who want to provide their pets with comfortable and stylish spaces in the home. Let's take a look at some key aspects of this growing industry. Trends in Pet Ownership In many parts of the developed world like North America, Europe and Australia, pet ownership rates have risen steadily over the past 20 years. According to recent surveys, nearly 70% of households in the United States and over 50% of households in countries like the UK and Australia own a pet. Dogs and cats remain the most popular pet choices globally, though other small pets like rabbits, hamsters and birds are also gaining popularity in some markets. This growth in pet adoption has been a major driver for increasing pet expenditures. Pet owners today are more willing to spend on high-quality food, grooming products, toys and other accessories that can improve the lives of their pets. Pet Furniture falls under this last category as animal parents want their dogs and cats to have comfortable beds, caves, trees and other structures for resting, playing and overall well-being. Major Global Brands A few corporations have come to dominate the global commercial pet furniture industry with varied product lines tailored for specific regions. MidWest Homes for Pets: This American company holds leading market shares in North America with affordable yet durable dog houses, cat trees, crates and beds. Their classic wire-framed designs are popular amongst value-conscious pet owners. Petsfit: China-based Petsfit has rapidly expanded globally through e-commerce platforms with a wide selection of inexpensive yet stylish options. Their specialty is innovative cat condos that combine towers, furniture and toys. Acte2ou: Acte2ou from France supplies high-end modern and designer pet products to furniture stores and boutiques across Europe and Americas priced towards premium customers. Goldencat: Growing brand Goldencat from Japan is investing in innovative tech-enabled beds, feeders and toys but concentrating sales in Asian markets initially. While these large brands lead global supply chains, local and niche craft brands focusing on sustainability, customization or therapeutic seating are gaining ground through targeted marketing. The diverse and growing industry is benefiting small businesses as well. Consumer Trends - Online Purchases and Customization In the digital era, pet owners increasingly rely on online shopping for convenience, reviews and discounts from retailers like Amazon, Chewy and individual brand sites. This e-commerce dominance presents opportunities for data analytics helping customize products to consumer tastes down to the neighborhood level. Value-addition features tapping artificial intelligence, phone connectivity and video streaming are being introduced for enhanced safety, play and bonding. On-demand 3D printing could make mass customization based on pet size, fur patterns or owner selfies a mainstream reality. These innovative consumer-driven trends will take the industry to new frontiers in coming years. In conclusion, the global pet furniture industry has flourished steadily but consistently over the last decade due to growing pet ownership, humanization of animals and new product options. With rising populations in developing nations projected to push even more owners into the premium pet care market, multi-billion dollar valuations.
Get more insights on Pet Furniture
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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GPS Watch Tracker Market Size, Share, Volume, Trends, Demand, Growth and Forecast Report 2024-2032
GPS Watch Tracker Market provides in-depth analysis of the market state of GPS Watch Tracker manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of GPS Watch Tracker in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of GPS Watch Tracker Market Report:
The report offers a comprehensive and broad perspective on the global GPS Watch Tracker Market.
The market statistics represented in different GPS Watch Tracker segments offers complete industry picture.
Market growth drivers, challenges affecting the development of GPS Watch Tracker are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of GPS Watch Tracker.
Major stakeholders, key companies GPS Watch Tracker, investment feasibility and new market entrants study is offered.
Development scope of GPS Watch Tracker in each market segment is covered in this report. The macro and micro-economic factors affecting the GPS Watch Tracker Market
Advancement is elaborated in this report. The upstream and downstream components of GPS Watch Tracker and a comprehensive value chain are explained.
Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/gps-watch-tracker-market-100560
Global Growth Insights
Web: https://www.globalgrowthinsights.com
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Global Top 14 Companies Accounted for 65% of total Digital Dentures market (QYResearch, 2021)
3D printing, also known as additive manufacturing (Additive Manufacturing), is different from subtractive processing technology. It builds a CAD model (Computer Aided Design, CAD) based on the patient's X-ray computed tomography or magnetic resonance imaging. It requires the integration of CNC technology, laser or magnetic resonance imaging. Modern technologies such as electron beam technology and material science, starting from the CAD model of the part, realize the construction of three-dimensional complex entities by positioning and stacking materials layer by layer. 3D printing dentures usually refers to the use of 3D printing technology to complete the direct parts of denture products or the application of 3D printing technology in a key process, thereby replacing the traditional artificial denture related processes.
3D printed digital dentures usually refers to the use of 3D printing technology to complete the direct parts of denture products or the application of 3D printing technology in a key process, thereby replacing the traditional artificial denture related processes.
According to the new market research report “Global Digital Dentures Market Report 2023-2029”, published by QYResearch, the global Digital Dentures market size is projected to reach USD 2.2 billion by 2029, at a CAGR of 7.5% during the forecast period.
Figure. Global Digital Dentures Market Size (US$ Million), 2018-2029
Figure. Global Digital Dentures Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of Digital Dentures include Dentspy Sirona, Ivoclar Vivadent, DENTCA, Aspen Dental, Glidewell, SHOFU, Modern Dental Group, Kulzer GmbH, Shenzhen Jiahong Dental, DT Denture, etc. In 2021, the global top 10 players had a share approximately 65.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Smart Factory Market Key Companies, Growth and Forecast Report, 2030
The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.
The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.
Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.
Gather more insights about the market drivers, restrains and growth of the Smart Factory Market
Smart Factory Market Report Highlights
• Based on technology, the Distributed Control Systems (DCS) segment accounted for the largest market share in 2022. This is attributed to the growing investments from the industrial sector, such as food & beverage, mining & metal, metallurgy, and electronics, in developing economies
• Based on field devices, the sensors segment is expected to expand at the highest CAGR by 2030, owing to their increasing self-sufficiency with low power consumption and integrated computing abilities
• Based on application, the automotive segment accounted for the largest revenue share in 2022 and is expected to continue the same trend over the forecast period. Automotive manufacturers are investing heavily in the development of smart manufacturing and automation to optimize production and reduce operating costs
• The Asia Pacific regional market accounted for the largest revenue share in 2022. This is attributed to the heavy investments of developing countries in smart technologies to keep abreast of international manufacturing standards and trends
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• The global small drone market size was estimated at USD 12.03 billion in 2023 and is expected to grow at a CAGR of 14.5% from 2024 to 2030.
• The global IoT platform market size was estimated at USD 11.10 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030.
Smart Factory Market Segmentation
Grand View Research has segmented the global smart factory market based on technology, field devices, application, and region:
Smart Factory Technology Outlook (Revenue, USD Billion, 2018 - 2030)
• Distributed Control Systems (DCS)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Manufacturing Execution System (MES)
• Product Life Cycle Management (PLM)
• Program Logic Controller (PLC)
• Supervisory Controller and Data Acquisition (SCADA)
• Others
Smart Factory Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)
• Sensors
• Industrial Robotics
• Machine Vision Systems
• Others
Smart Factory Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Aerospace & Defense
• Automotive
• Energy & Power
• Food and Beverages
• Healthcare
• Semiconductor & Electronics
• Oil & Gas
• Others
Smart Factory Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.
#Smart Factory Market#Smart Factory Market size#Smart Factory Market share#Smart Factory Market analysis#Smart Factory Industry
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3D Food Printing Market Trends, Share, Size, In-Depth Analysis, and Forecast to 2027
The global 3D food printing market size was reasonably estimated to be approximately $201 million in 2022 and is poised to generate revenue over $1,941 million by 2027, growing at a CAGR of 57.3% from 2022 to 2027. The global market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex food products of different shapes and sizes, thereby focusing on catering to the increasing demand from the processed food industry and consumers.
Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the market. In addition, increasing focus on the expansion of facilities, marketing schemes, and information exchange programs to create awareness and enhance the applications of 3D food printer is projected to contribute to the growth of the market.
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COVID-19 outbreak jeopardizes food security and nutrition from a variety of perspectives, including food chain disruption, food shortages, reduced purchasing power, unhealthy eating habits, increased food loss, and an increase in unemployment and underemployment. Furthermore, the lack of socializing with friends, colleagues, parents, and others while eating has resulted in stress, anxiety, fear, anguish, and worry, which has exacerbated the negative effects of COVID-19 on the health status of all people, particularly vulnerable consumers such as the elderly and hospitalized patients. 3D food printing has unrivaled and unique potential, allowing for personalized food manufacture, social distancing, decentralization of food manufacturing, people participation in food co-creation, socializing the process, and creating new businesses and jobs. These new ideas should assist in considerably reducing the spread of COVID-19, as well as the threats to people’s health and negative consequences for food security and society.
To begin with, 3D food printing maintains social distancing as required by regulations in the food site area due to its nature as a computer-aided technology. When generating, sculpting, testing, validating, and manufacturing food products, 3D food printing may reduce the number of people touching food before consumption, as well as inter-human contact. Furthermore, 3D food printing significantly supports food decentralization, allowing for a reduction in the number of persons participating in the food chain and thus a reduction in food contact. Lean manufacturing and just-in-time production, distribution, and storage strategies have formulated a low-cost food system, but the unusual and widely dispersed stresses of the pandemic economy unfolded the inability of this kind of system to respond quickly to disruptions that are far outside the normal range.
Opportunities: Growth in demand from the hospitality industry
The hospitality industry has shown huge interest in 3D food printing technology. The capability of the 3D food printers to print food in various complex designs, which is not possible manually, has gained the attention of many famous chefs around the world. According to the companies offering 3D food printers, it would provide chefs an opportunity to present food with various complex designs, which was not possible through the traditional preparation methods. Although the idea of the companies offering 3D food printers to replace microwaves with 3D food printers for household uses is far from reality, the users are likely to prefer to have food in various designs sometimes for fun. Thus, the hospitality industry is expected to provide ample opportunities for the 3D food printing market.
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Challenges: limitations in processing different ingredients hamper usage of 3D printers
Limited availability of food ingredients is the major challenge that 3D food printer companies face. The 3D food printer cannot be commercialized on a large scale due to the unavailability of all the necessary food ingredients. The big market players, such as Barilla (Italy) and Nestlé (Switzerland), associated with the food industry are working with 3D food printer manufacturing companies to develop ingredients of different nutrient composition for 3D food printers. This is not an easy task, as the companies have to extract polymers from the food items that need to be printed, which are not easy to extract and require extensive research in this area. Thus, although the companies seem positive and excited about this new technology of 3D food printing, the prospects of the market depend on how soon they come up with various options for consumers.
Different countries across the globe have different food cuisines, and consumers in these countries prefer different food products made up of different ingredients. 3D food printers are highly specific in terms of food processing, ingredients, and final products. This is a challenge for players in the market, as they need to develop 3D printers that cater to consumers’ needs in regions such as Asia and Africa. Similarly, there is also a need for the production and availability of ingredients that can be used to produce these different cuisines. Another similar challenge is that not every type of food can be food-printed. Food that is not strong enough to be filed is not appropriate for 3D printing. Food printers should go beyond the printing of shapes to printing food textures, both existing and new.
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The North American market is estimated to dominate the 3D food printing market in 2022
North America is estimated to account for the largest market share in the 3D food printing market in 2022. The presence and growth of the companies offering 3D food printing technology in this region are boosting the market in this region. This region is projected to be the largest market during the forecast period.
The US is known as one of the early adopters of new technologies in the world. The busy and fast-moving life of common people make it hard for them to get a proper nutritious diet. The 3D food printing technology could provide an option to have customized, nutritious food. Also, the US government spends the highest amount of budget on healthcare, and the benefits of 3D food printers to provide food rich in specific nutrients and with the ease of chewing and swallowing would provide a suitable option for feeding the elderly.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the 3D food printing market. It includes the profiles of leading companies such as 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China).
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