Phosphate Fertilizers Industry Overview
The global phosphate fertilizer market size was valued at USD 61.63 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2040. This is attributed to the increased demand from agricultural producers for a fertilizer that provides necessary nutrients such as nitrogen and potassium. Agricultural products, such as fruits, vegetables, cereals, and pulses, are major application areas. The use of phosphorous fertilizers in various grains promotes root growth, improves crop quality, and enhances stalk strength. Phosphorus rocks are the most significant global sources of phosphorus. Globally, the U.S. is the leading producer and consumer of phosphate rocks, which are primarily used for the manufacturing of the product. The rising global demand for food is a significant factor driving the growth of the market. Gather more insights about the market drivers, restrains and growth of the Global Phosphate Fertilizers Market The global demand for phosphate is surging owing to the increasing world population resulting in rising food demand. The spike in costs of raw materials resulting from increased investments in new mine capacity expansions is expected to continue in the coming years as well. Hence, rising prices of mining activities impact the costs of raw materials worldwide. Emerging economies around the world are now realizing the importance of using the product in agricultural production. Governments of major agrarian economies such as Brazil and India support the use of phosphate fertilizers to improve crop yields. This has encouraged farmers and local entrepreneurs in these countries to increase the consumption of fertilizer-grade phosphate. The COVID-19 pandemic has significantly impacted various global businesses related to the agricultural sector, agricultural inputs, fertilizers, etc. As a majority of countries in Asia Pacific are agrarian economies, any slowdown in their agricultural activities or momentary pauses in their cross-border trade has a significant impact on the overall operations of agricultural companies and farmers operating in Asia Pacific. This eventually leads to disruptions in the overall agricultural sector across all major countries of the region. In 2020, amid the COVID-19 pandemic, the prices of primary raw materials such as ammonia and sulfur increased sharply owing to supply restrictions and refinery curtailments. Browse through Grand View Research's Agrochemicals & Fertilizers Industry Research Reports.
Phosphate Fertilizers Market Segmentation Grand View Research has segmented the global phosphate fertilizer market report based on the product, application, and region: Phosphate Fertilizer Market Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2010 - 2040)
Market Share Insights
Key Companies profiled: Some prominent players in the global phosphate fertilizers market include
Order a free sample PDF of the Phosphate Fertilizers Market Intelligence Study, published by Grand View Research.
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Returnable Packaging Industry Overview
The global returnable packaging market size was valued at USD 98.55 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Increasing demand for sustainable and durable packaging products from various end-use industries is expected to fuel the growth of the market. Returnable or reusable packaging products are made of durable materials, such as wood, plastic, and metal. They are designed to withstand rough handling throughout the supply chain and are intended for multiple trips. The initial investment for such products is considerably high as compared to expendable packaging, however, with increasing trips, lower cost per trip can be achieved, which ensures a rapid return on investment. Gather more insights about the market drivers, restrains and growth of the Global Returnable Packaging Market The U.S. market is expected to witness significant growth over the forecast period on account of the increasing product demand from various end-use industries. Key food and beverages, pharmaceuticals, and automotive companies operating in the U.S. are increasingly incorporating sustainable business practices, which, in turn, is expected to augment the market growth. Key companies are mainly attracted to returnable packaging products due to their sustainability and economic and ergonomic benefits. Economic benefits mainly include low cost per trip in the longer term and reduction in cost associated with the purchase and disposal of expendable packaging. Returnable packaging eliminates packaging waste going into landfills and thus is highly sustainable. Increasing adoption of sustainable packaging solutions by end-users to improve their brand reputation, coupled with rising regulatory pressure regarding the use of plastic packaging, is expected to fuel the market growth. However, higher transportation cost is observed in the case of RTP products due to their return trip. Moreover, these products occupy significant storage space and require periodic maintenance. In addition, theft or misplacement of products is observed, further requiring the incorporation of tracking devices resulting in increased material handling costs. This may have a negative impact on product demand. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Returnable Packaging Market Segmentation Grand View Research has segmented the global returnable packaging market on the basis of material, product, end use, and region: Returnable Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)
Key Companies profiled: Some prominent players in the global returnable packaging market include
Order a free sample PDF of the Returnable Packaging Market Intelligence Study, published by Grand View Research. Biotech Ingredients Industry Overview
The global biotech ingredients market size was valued at USD 1.61 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2020 to 2027. The market growth can be attributed to increasing demand for biotech flavors and fragrance ingredients from the food and beverage segment. Flavors and fragrances form an integral component of different types of consumer products as they have a significant impact on consumers’ purchasing decisions. Rapid industrialization has led to the large-scale consumption of flavored or scented products, such as food and beverages, personal care products, and cleaning and household products. This is expected to drive the market for biotech ingredients in the coming years. Both flavors and fragrances can be naturally derived or synthetically made. However, there has been an increasing shift towards natural and organic products owing to consumer awareness regarding the ill effects of synthetic ingredients. Gather more insights about the market drivers, restrains and growth of the Global Biotech Ingredients Market There is limited availability of raw material due to unpredicted weather conditions. Moreover, stringent environmental regulations pose significant hurdles for the companies producing these ingredients. As a result, the leading players in the flavors and fragrances industry are focusing on developing new and sustainable ways of producing these ingredients, which can be labeled as “natural” and will also meet consumer expectations. Increasing shift towards organic and natural beauty products is also compelling the manufacturers of cosmetic products to incorporate these ingredients into their products. Thus, it is likely to provide immense growth opportunities for biotechnology-based active ingredients, especially for cosmetics. Currently, biotechnologically produced active ingredients for pharmaceuticals hold a significant market share as compared to the cosmetics market. Currently, the biotechnological route is still at the novice stage, especially for fragrances and active ingredients for cosmetics. However, it is not only expected to provide the companies an alternative way to produce substitutes for existing products but also open new avenues for more innovation in the flavors and fragrances industry. Browse through Grand View Research's Renewable Chemicals Industry Research Reports.
Biotech Ingredients Market Segmentation Grand View Research has segmented the global biotech ingredients market on the basis of flavors, fragrances, active cosmetic ingredients, and region: Biotech Ingredients Flavors Outlook (Revenue, USD Million, 2016 - 2027)
Market Share Insights
Key Companies profiled: Some prominent players in the global biotech ingredients market include
Order a free sample PDF of the Biotech Ingredients Market Intelligence Study, published by Grand View Research. Catalyst Industry Overview
The global catalyst market size was valued at USD 33.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027. The escalating demand for catalysts from applications including chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental is driving demand for process optimization, yield improvement, cost-saving, and energy-saving amongst the manufacturers globally. Additionally, environmental catalysts help manufacturers meet all the stringent mandates related to NOx, Sox, and carbon dioxide emissions. Shifting energy trends towards alternative fuels including biodiesel and shale gas fuel have propelled the demand for catalysts. Additionally, manufacturers seeking to add value to their feedstock or refining by producing value-added petrochemicals and chemicals such as methanol and polyolefins, have encouraged the demand for the product from petrochemicals and chemicals applications. Gather more insights about the market drivers, restrains and growth of the Global Catalyst Market With the unprecedented outbreak of COVID-19, which has led to the closure of factories and manufacturing sites, there has been a significant decline in demand for oil, the first such instance in a decade. Additionally, the price war between Russia and KSA has led to a much decline in oil prices. Global fuel demand is expected to drop by 15-10% in Q2, 2020 due to a halt in air travel and national lockdowns. A number of plants have been shut down and some are running but at reduced rates which may thus impact the market demand, especially in Iran, the U.S., China, India, France, Italy, and the U.K., which are some of the worst-hit economies. Browse through Grand View Research's Catalysts & Enzymes Industry Research Reports.
Catalyst Market Segmentation Grand View Research has segmented the global catalyst market on the basis of raw material, product by application, and region: Catalyst Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Key Companies profiled: Some prominent players in the global catalyst market include
Order a free sample PDF of the Catalyst Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Specialty Pulp & Paper Chemicals Industry Overview
The global specialty pulp & paper chemicals market size was valued at USD 21.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030. The growing demand for bleaching and functional chemicals used in the production of specialty paper for applications such as packaging, printing, and labeling is expected to drive the market. COVID-19 had a huge impact on the global industrial supply chains. Several imposed restrictions on people and goods movements had an adverse impact on industrial production. The printing paper and copier paper demand suffered due to the closure of offices, schools, & universities. On the other hand, demand for personal hygiene paper products incased, during the pandemic. Gather more insights about the market drivers, restrains and growth of the Global Specialty Pulp & Paper Chemicals Market Specialty pulp & paper chemicals are downstream derivatives of a wide range of commodity chemicals including acids, amines, alcohols, fatty alcohols, solvents, surfactants, and betaines; wherein these commodity raw materials are bulk chemicals and can be supplied directly without preprocessing treatment. Mineral acids and bases are generally used as basic chemicals in the manufacturing of specialty pulp and papers. Various raw materials used in the manufacturing of these products include chelating agents, caustic soda, and biocide. Chelating agents provide the desired level of brightness to the paper when applied with hydrosulfite and hydrogen peroxide bleaches, thereby playing a vital role in the specialty pulp and paper industry. Biocides, however, are used to control and prevent microbial growth and to maintain efficiency in specialty pulp and paper manufacturing machines. Over the past years, demand for specialty pulp & paper chemicals has been declining or is relatively stagnant due to the digital revolution, which has also led to consolidation in the industry. However, growing demand for packaging, household, and sanitary applications has helped bring stabilization in the market. The increasing popularity of coating as a protective material to induce smoothness and reduce ink absorbency in specialty paper will increase the usage of functional chemicals during the next few years. Browse through Grand View Research's Organic Chemicals Industry Research Reports.
Specialty Pulp & Paper Chemicals Market Segmentation Grand View Research has segmented the global specialty pulp and paper chemicals market on the basis of product, application, and region: Specialty Pulp & Paper Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
Key Companies profiled: Some of the prominent players in the global specialty pulp & paper chemicals market include:
Order a free sample PDF of the Specialty Pulp & Paper Chemicals Market Intelligence Study, published by Grand View Research. Coiled Tubing Industry Overview
The global coiled tubing market size was valued at USD 1.78 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 3.4% in terms of revenue from 2022 to 2030. The ability of the product to reduce overall costs in oil & gas exploration is expected to drive the market growth during the forecast period. The advantages of coiled tubing over conventional operations include rapid mobilization, reduction in time associated with pipeline handling while running in and out of the hole, higher work performance, balanced well control, and greater safety. These advantages are anticipated to propel the market growth during the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Coiled Tubing Market The U.S. holds the largest share of the North American coiled tubing market. Due to Ukraine- Russian conflict, the country is planning to ramp up its oil & gas production. The production is expected to increase by 1 million barrels per day in 2022. Further, it is anticipated that the U.S. can expand its production by 700,000 barrels per day in 2023, which is going to positively impact the coiled tubing market during the forecast period. As of 2021, the U.S. has 12 million acres of non-producing oil & gas federal land and 9,000 unused but approved permits for production. Owing to this, the government is planning to make companies pay fees on wells that they haven’t used for production. This plan is expected to force companies to start production of oil & gas. This decision is projected to augment the demand for coiled tubing during the forecast period. The U.S. government is trying to bring down gas prices and hence it is planning new public land for drilling. In April 2022, the government announced that they are planning to auction off the lease to drill on 145,000 acres of public land across the country. This decision is expected to boost the oil & gas production in the country, which will further increase the usage of coiled tubing over the coming years. In September 2021, the U.S. Senate passed a USD 550 billion clean energy investment bill, which is expected to reduce the dependence of the country on fossil fuels. This bill has forced major oil & gas companies to move away from fossil fuels and forced them to invest in renewable energy. This can slightly impact the demand for coiled tubing in the country over the coming years. Browse through Grand View Research's Drilling & Extraction Equipments Industry Research Reports.
Coiled Tubing Market Segmentation Grand View Research has segmented the global coiled tubing market on the basis of service, operation, application, and region: Coiled Tubing Services Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global coiled tubing market include:
Order a free sample PDF of the Coiled Tubing Market Intelligence Study, published by Grand View Research. Recycled Plastics Industry Overview
The global recycled plastics market size was valued at USD 46.09 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. Increasing plastic consumption in the production of lightweight components, which are used in various industries including building & construction, automotive, and electrical & electronics, is expected to propel the growth of the market over the forecast period. Amid the global COVID-19 pandemic, the demand for various packaging products was high on account of the rise in online purchases of electrical & electronics, personal care products, and Personal Protective Equipment (PPE) products, such as gloves and face masks. Gather more insights about the market drivers, restrains and growth of the Global Recycled Plastics Market According to The Verge, the demand for affordable consumer electronic products, such as laptops, mobile, modems, etc. has increased majorly through e-commerce websites. Rising usage of consumer electronics has propelled the demand for recycled plastics in electrical & electronics and packaging applications, which is expected to boost the market growth. The global plastics market is likely to be driven by the increasing consumption of plastics in construction, automotive, medical devices, and electrical & electronics industries. Regulatory intervention to reduce the gross vehicle weight to improve fuel efficiency and ultimately reduce carbon emissions has driven automotive Original Equipment Manufacturers (OEMs) to use plastic as a substitute for metals, such as steel and aluminum, for fabricating automotive components. Moreover, the growth of the construction industry in emerging economies, such as Brazil, China, India, and Mexico, is expected to drive the product demand in the manufacturing of components, such as insulation, fixtures, structural lumber, windows, and fences, over the forecast period. High product consumption in the building & construction sector is credited to increased foreign investments in these countries due to supportive FDI norms & requirements for the redevelopment of public & industrial infrastructure. However, the COVID-19 pandemic severely affected the manufacturing industries in 2020, which further affected the demand for plastics. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Recycled Plastics Market Segmentation Grand View Research has segmented the global recycled plastics market report based on product, source, application, and region:
Market Share Insights
Key Companies profiled: Some of the prominent players in the global recycled plastics market include:
Order a free sample PDF of the Recycled Plastics Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Disposable Medical Gloves Industry Overview
The global disposable medical gloves market size was estimated at USD 9.85 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. The growing demand for safety and security at healthcare workplaces, rising healthcare expenditure, and the resurgence of the COVID-19 pandemic, are expected to have a positive impact on industry growth. The resurgence of the COVID-19 pandemic in countries, such as China, Germany, France, Italy, and Belgium, is expected to increase testing, surveillance, and hospital visits, which will boost the product demand. Gather more insights about the market drivers, restrains and growth of the Global Disposable Medical Gloves Market Furthermore, the pandemic had boosted the demand for disposable medical gloves and strained the supply chain, which prompted manufacturers to boost their production capacities to meet the growing demand. The market in the U.S. is undergoing a transition owing to the COVID-19 pandemic. The rising prevalence of chronic diseases has increased the number of hospital visits and re-admissions, which is positively impacting the product demand in the region. The growing number of surgical procedures performed in the U.S. including cesarean section, appendectomy, Coronary Artery Bypass Graft (CABG), carotid endarterectomy, and circumcision are expected to boost the industry demand. Disposable gloves act as a shield protecting healthcare workers against contagious infections. During surgeries, surgeons and other professionals along with patients have a potential risk of infection. Medical gloves aid in protecting physicians and healthcare workers from cross-contamination. Disposable medical gloves are distributed through direct and indirect channels, such as distributors and retailers, along with e-commerce and social media advertising. Manufacturers distribute their products through independent distributors, exclusive distributors, and multi-brand retailers. However, a few companies distribute the products directly to companies, hospitals, commercial institutions, and consumers to avoid additional costs. Due to the high raw material costs and complex manufacturing procedures, the production of disposable medical gloves is particularly capital-intensive. Major raw material suppliers in the industry have integrated along the value chain to develop disposable medical gloves, thereby increasing the competition. The threat of new entrants is expected to remain low as initial capital investments are likely to constitute a significant entry barrier for new market participants. Browse through Grand View Research's Smart Textiles Industry Research Reports.
Disposable Medical Gloves Market Segmentation Grand View Research has segmented the global disposable medical gloves market report on the basis of type, application, end use, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global disposable medical gloves market include:
Order a free sample PDF of the Disposable Medical Gloves Market Intelligence Study, published by Grand View Research. Industrial Fasteners Industry Overview
The global industrial fasteners market size was valued at USD 86.12 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. Increasing production of industrial machinery and components is expected to ascend the penetration of industrial fasteners over the forecast period. Suspension of industrial operations to curb the spread of COVID-19 across the globe affected the product demand in 2020. Moreover, the service and maintenance operations for industrial machinery were impacted, thus hampering the product demand in 2020. However, the manufacturing industry in the U.S. is significantly producing automotive and industrial machinery, thus the product demand remains high in the country. The growing production of lightweight Electric Vehicles (EVs) in the country is likely to positively influence the demand for plastic fasteners and substitutes, including adhesives and sealants. Gather more insights about the market drivers, restrains and growth of the Global Industrial Fasteners Market The market is characterized by the presence of numerous suppliers with high production volumes and wide product portfolios. Fasteners have high demand across major sectors including automotive, construction, machine manufacturing, electronics, shipbuilding, and railways. The technical standards and quality are the key factors to be considered while manufacturing and employing these fasteners in various end-use applications. A rise in the production of commercial aircraft owing to the increase in the number of air passengers across the globe has augmented the demand for specialty-grade fasteners. Moreover, increasing automotive production, especially in the EVs segment, is expected to offer growth momentum to the market. Application-specific fasteners offered by the manufacturers need to comply with several standards including the American Society for Testing and Materials (ASTM), American Society of Mechanical Engineers (ASME), British Standards (BS), Deutsches Institut fur Normung (DIN), and Japanese Industrial Standards (JIS). Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Industrial Fasteners Market Segmentation Grand View Research has segmented the global industrial fasteners market report on the basis of raw material, product, application, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global industrial fasteners market include:
Order a free sample PDF of the Industrial Fasteners Market Intelligence Study, published by Grand View Research. |
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