Global industrial gases sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Oxygen Market Insights The global oxygen gas market was valued at 644,075.3 million SCF in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. Manufacturing application accounted for the largest market share in 2022 and is projected to grow at second highest CAGR during the forecast period. The demand for oxygen in the manufacturing industry is projected to witness substantial growth in the developing economies owing to the growing manufacturing industry such as electronics, transportation, food, and chemicals in India, China, Brazil, and South Korea. The growing demand for advanced industrial gas- in the electronic industry, is expected to further propel the growth of this segment. Oxygen is used on a large scale in the electronic industry. The growing electronic industry is expected to drive the demand for oxygen. Moreover, owing to the recent outbreak of the pandemic, people around the world are practicing new ways of studying, working, and communicating through videoconferencing and other technologies. This recent trend is expected to have a lasting impact on semiconductor demand and open new possibilities for existing products and services thus driving the demand. Access the Global Industrial Gases Industry Data Book from 2023 to 2030, compiled with details by Grand View Research Nitrogen Market Insights The global nitrogen gas market was valued at 436,775.5 million SCF in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. Nitrogen gas has high demand in the manufacturing sector for applications such as laser cutting, metal fabrication, and food packaging. It provides an inert atmosphere that prevents oxidation and maintains the quality of the manufactured products. The manufacturing industry relies heavily on the market for a diverse range of applications. One of its primary uses is laser cutting, a popular method for precision cutting of metals and other materials. It is commonly used as an assist in laser cutting processes. It helps to cool the cut and remove debris, resulting in cleaner and more precise cuts. Additionally, nitrogen gas provides an inert atmosphere that prevents oxidation during the cutting process, reducing the risk of discoloration or corrosion on the cut surfaces. Another significant application of the market in manufacturing is in metal fabrication. Nitrogen gas is utilized as a purge gas for welding processes such as TIG (Tungsten Inert Gas) and MIG (Metal Inert Gas) welding. By displacing oxygen in the vicinity of the weld, it helps prevent the formation of oxide scale, which could negatively impact the quality and strength of the weld joint. This ensures that the fabricated metal products retain their structural integrity and meet the required specifications. Thus, the market plays a vital role in the manufacturing industry, enabling precise laser cutting, maintaining the quality of metal fabricated products, and offering excellent preservation capabilities in food packaging. Hydrogen Market insights The global hydrogen gas market was valued at 251,958.6 million SCF in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. Growing welding processes in fabrication industry is expected to escalate the demand for hydrogen gas. The welding process primarily involves tungsten inert gas welding, metal inert gas welding, and brazing. The growing usage of metal in the automotive industry has spurred its demand over the past few years. In addition, the growing aerospace industry has propelled the usage of metal in aircraft production. The demand for automobiles is likely to skyrocket owing to the growing usage of automatic and electric vehicles. Rising individual disposable income coupled with a huge range of options in passenger cars at low prices has fueled the demand for vehicles across the globe. The rising purchase of automobiles is anticipated to fuel the demand for metal products, in turn, will positively influence the hydrogen gas market. Carbon Dioxide Market Insights The global carbon dioxide market was valued at 71,185.4 million SCF in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. The growing usage of metal in the automotive and aerospace industry is anticipated to drive demand for carbon dioxide over the projected years. The demand for automobiles surged during the period of Covid-19 owing to safety concerns regarding public transport. Shut down of public transport due to prolonged lockdown during the year 2020-21, compelled people to consider purchasing passenger cars for commuting purposes, and that also provided safety from Covid-19 infection. This factor triggered the demand for automobiles in countries like China, India, and the U.S. This factor is likely to bolster the demand for metal welding, as a result, will positively impact the carbon dioxide market over the forthcoming years. Order your copy of the Free Sample of “Industrial Gases Industry Data Book - Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research. Argon Market Insights The global argon gas market was valued at 117,330.4 million SCF in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. Growing personal vehicle purchase on the account of rising population coupled with growing individual disposable income in growing economies such as China, India, Brazil, U.S. and others is anticipated to positively impact argon gas market over the forthcoming years. National Association of Motor Vehicle Manufacturers in Brazil stated that the country’s automotive industry produced 152,666 units of vehicles in January 2023, which was an increase of around 5.0% from January 2022. The production included 125,060 passenger cars, 22,775 commercial vehicles, 4,049 trucks, and 782 buses. In addition, U.S.-based J.D. Power and LMC Automotive revealed that 1,013,700 units of passenger cars were estimated to be sold through retail business by the end of the year 2022 in the U.S. This factor is likely to propel the demand for argon over the projected years. Acetylene Market Insights The global acetylene gas market was valued at 29,322.4 million SCF in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. The welding market has been experiencing significant growth in recent years, which has contributed to the increased demand for products as a fuel gas for welding. Welding is a process that involves joining two or more pieces of metal by heating the surfaces to their melting points, causing them to fuse together. Acetylene gas, when mixed with oxygen, produces a flame that can reach temperatures high enough to melt most metals, making it an ideal fuel gas for welding. The growth of the welding market can be attributed to several factors, including the increasing demand for metal fabrication in various industries such as construction, automotive, and aerospace. Welding is also used in the repair and maintenance of metal structures and equipment, which is becoming increasingly important as companies seek to extend the lifespan of their assets. Furthermore, advances in welding technology have made the process more efficient and cost-effective, which has further contributed to its growth. For example, the use of robotic welding systems has enabled companies to increase their production rates while reducing labor costs.The growth of the welding market is expected to continue in the coming years, which is likely to drive the demand for the market. Key players operating in the industrial gases industry are – • Air Liquide • Air Products Inc. • INOX-Air Products Inc. • Iwatani Corp. • Linde plc • Messer • SOL Group • Strandmøllen A / S • Taiyo Nippon Sanso Corp.
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Global plastic processing machinery industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research. The market incorporates a wide range of equipment used in the manufacturing and processing plastic products, including injection molding machines, blow molding machines, extrusion machines, and more. The demand for plastic products across various industries, such as packaging, automotive, electronics, and construction, has been a key driver for the expansion of this market. Access the Global Plastic Processing Machinery Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies. Plastic Injection Molding Machine Market Report Highlights The plastic injection molding machine market was estimated at approximately USD 11.75 billions in 2022, growing at a CAGR of 4.8% from 2023 to 2030 according to a new report by Grand View Research, Inc. The increasing adoption of plastic injection molding machines in the automotive, electronics, and packaging industries is likely to be the key driver for the growth of the industry over the forecast period. Plastic injection molding is suitable for producing various exterior automotive components such as mudguards, door panels, wheel arches, grilles, trunk trims, front and rear covers, and outside car door trims. Automotive injection molding is an important manufacturing process in the automotive industry, where safety, consistency, and quality are critical. The automobile end-use category accounts for a sizable portion of the injection molding machine market. A variety of automobile parts, such as outer body panels, bumpers, spoilers, dashboards, and electrical housings, are made using plastic injection molding machines. Many automotive interior parts are manufactured using plastic injection molding as well as the instrumentation components, interior surfaces, glove boxes, dashboard faceplates, air vents, and other items. Rapid growth in demand for automotive components has boosted global automobile production, resulting in a high demand for injection-molded parts in the automotive industry. Plastic injection molding is utilized for the formation of plastic packaging for a variety of applications and in a variety of forms. The injection method is used to manufacture food and beverage containers, creatively designed body care packaging, and even packaging for household chemicals. The plastic injection molding technique solves problems related to barrier protection, handling, product visibility, salability, and aesthetics. Plastic Extrusion Machinery Market Report Highlights The global plastic extrusion machine market size is expected to reach USD 6.41 billions in 2022, expanding at a CAGR of 4.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing penetration of plastics in the manufacturing of consumer electronics is expected to be one of the critical factors for the growth of plastic extrusion machine. In addition, plastic extruded parts are widely used for manufacturing structures & bodies of television sets, video recorders, cameras, and laptops. Moreover, motor housings and interior frames are manufactured using the extrusion process. The demand for plastic extrusion machine is rising owing to the ability of plastics to be formed into complex shapes and the relative ease compared to metals or ceramics. Moreover, surged usage of engineering-grade plastics for producing pipe, fencing, window frames, plastic films, wire insulation, and deck railing is anticipated to grow during the forecast period. Plastic extruded parts provide a solution for high volume and cost-efficiency. The recent trend of lightweight in the automotive industry to enhance fuel efficiency has resulted in increased use of plastic extruded parts coupled with the growing adoption of extruded products in the packaging industry is projected to drive the market of plastic extrusion machines over the forecast period. The demand for plastic extruded products has been on the rise for several years because of several advantages of the extrusion process and the rising demand from end-use industries such as automotive, electronics, consumer goods, telecommunications, and renewable energy. Moreover, the low cost per part, flexibility in operation, high production volume, and compounding ability are the other factors responsible for the growing demand for extruded plastic and metal products. Order your copy of Free Sample of “Plastic Processing Machinery Industry Data Book - Plastic Injection Molding Machine, Plastic Extrusion Machinery, Plastic Blow Molding Machine Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Plastic Blow Molding Machine Market Report Highlights The global plastic blow molding machine market size is anticipated to reach USD 2.97 billions in 2022, growing at 3.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. High demand for packaged goods in the food and beverage industry, increasing use of plastic blow molding machines in the production of industrial and automotive components, and rising need for plastic packaging solutions in the pharmaceutical industry are major factors driving market revenue growth. In addition, the machines are widely used in several applications and sectors including plastic packaging, chemical, automobile, pharmaceuticals, lubricants, edible oils, FMCG, and others. The surge in demand for sanitizing and cleaning products fueled the adoption of blow molding machines to manufacture sanitizers, hand soaps, and hydrogels. Plastic packaging alternatives are in high demand in the pharmaceutical business because they protect drugs from contamination and extend their shelf life. Plastic blow molding machines are used to create containers, plastic bottles, and vials, often used as packaging materials in the pharmaceutical industry. For instance, Bekum Maschinenfabriken GmbH announced the introduction of the BM 902D, a new, high-performance blow molding machine, in 2021. The machine has a cutting-edge hydraulic system and an intuitive user interface and is built to create massive parts with excellent precision and productivity. Growing preferences for molded plastic products, rising demand due to the material's flexibility, rising demand due to the prevalence of low labor costs, and low waste production are some of the factors that will likely propel the growth of the plastic blow molding machine industry over the forecast period. On the other hand, as technology continues to progress, it will create more potential for the market for plastic blow molding machines to expand over the coming years. For instance, Taiwan-based Parker Plastic Machinery Co. Ltd., a producer of plastic blow molding machines, offers its fully electric plastic blow molding machines. It is growing in recognition for its high-performance hydraulic power-saving technology. Key players operating in the Plastic Processing Machinery Industry are – • Arburg GmbH + Co KG. • KraussMaffei • Haitian International • Milacron • Nissei Plastic Industrial Co. Ltd. • ENGEL AUSTRIA GmbH. • Chen Hsong Holdings Limited • UBE Machinery Corporation, Ltd. • Husky Injection Molding Systems Ltd.
Global catalyst sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Catalyst Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Heterogeneous Catalyst Market Report Highlights The global heterogeneous catalyst market is expected to expand at a CAGR of 4.2% from 2023 to 2030, as per the new report by Grand View Research, Inc. • The polymer segment emerged as the fastest growing end-use segment with a CAGR of 5.0% from 2023 to 2030; as polymers enable and control and efficient synthesis of various polymers with desired properties • The zeolite-based segment emerged as the fastest growing product segment with market share of 21.0% from 2023 to 2030; zeolite-based catalysts find extensive applications in the petroleum and petrochemical industries, providing high selectivity and stability in processes like catalytic cracking, isomerization, and alkylation • Asia Pacific emerged as the fastest growing region with a CAGR of 5.3% from 2023 to 2030 due to high population, land fertility, increased demand for food grains, and effective use of land through fertilizer • W. R. Grace & Co.-Conn., announced the completion of its acquisition of Rive Technology, Inc., a prominent manufacturer of FCC catalysts. This strategic acquisition encompassed a complete array of service offerings, highly skilled workforce, and cutting-edge technological assets, all of which were seamlessly integrated into the operational framework of W.R. Grace & Co.-Conn • Market participants are dedicated to intensively optimizing and managing the efficiency of their supply chains. Their objective is to enhance operational efficiency, increase productivity, reduce lead time, and effectively address sourcing needs. This strategy enables them to remain competitive in the market and effectively contend with other industry players Homogeneous Catalyst Market Report Highlights The global homogeneous catalyst market is expected to expand at a CAGR of 4.9% from 2023 to 2030, as per the new report by Grand View Research, Inc. • The polymer segment emerged as the growing application segment with a CAGR of 5.0% from 2023 to 2030. This is attributed to the fact the homogeneous catalysts such as Ziegler-Natta helps impart specific tactility to polymers which is difficult to attain from any other process. • The chemical compound segment emerged as the fastest growing product segment with market share of 31.0% from 2023 to 2030. Chemical compounds, such as Wilkinson's catalyst ([RhCl(PPh3)3]), are extensively used as homogeneous catalysts, particularly in the hydrogenation of alkenes. They consist of a central metal atom coordinated with various ligands, such as phosphines, amines, or halides, which determine their catalytic activity. • Asia Pacific emerged as the fastest growing region with a CAGR of 5.8% from 2023 to 2030. This technological advancements which have led to the use of catalysts for the synthesis of fine chemicals such as carotenoids, vitamins, and flavoring & fragrance compounds, which is expected to fuel the utilization of the product in the region. • In August 2022, Albemarle Corporation, which is a major player in the specialty chemicals industry worldwide, has declared that it will retain its catalysts business as a wholly-owned subsidiary as part of its strategic plan. The objective of this move is to enable the business to respond more efficiently to specific customer requirements and the changing dynamics of the global market. Order your copy of Free Sample of “Catalyst Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Competitive Landscape The catalyst market operates within a highly competitive environment, driven by the ever-growing demand for efficient and sustainable chemical processes across various industries. The market is characterized by intense rivalry among key players, including multinational corporations, specialty chemical companies, and research institutions. These entities continually strive to develop and commercialize novel catalyst technologies that offer improved performance, selectivity, and cost-effectiveness. Key players operating in the Catalyst Industry are – • Albemarle Corporation • Haldor Topsoe A/S • BASF SE • Evonik Industries AG • LyondellBasell Industries Holdings B.V. • Arkema • The Dow Chemical Company • Haldor Topsoe A/S • W. R. Grace & Co.-Conn. • Johnson Matthey • Axens • Honeywell UOP • Zeolyst International • Clariant • Umicore • Exxon Mobil Corporation Global green packaging sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Green Packaging Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Food & Beverage Green Packaging Market Report Highlights The global food and beverage green packaging market size was estimated at USD 183.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. • Consumer behavior directly influences packaging solutions in food and beverage applications. Despite the COVID-19 pandemic, the food and beverage industry has witnessed significant growth and is expected to continue to grow over the forecast period, positively impacting the green packaging industry. • The food and beverage industry is consistently catering to the consumer’s convenience by offering on-the-go consumption products, which are expected to cause a rise in demand for packaging in food and beverage applications. • There is also significant growth in online grocery stores, such as Amazon Pantry, which has encouraged the purchasing of packaged foods and beverages through online orders. Several companies have extended their delivery services with the introduction of pickups at specific drive-up locations. • It is observed that consumers who prefer organic food are more likely to demand and buy products that are differentiated under green packaging; therefore, the growth of organic food products is directly affecting the demand for packaging that is recognized as sustainable. • Food packaging is essential to the food and beverage industry as it provides various functions, including tamper indication, convenience, traceability, food waste reduction and containment, and preservation/protection. Additionally, the packaging is an integral element in the marketing of the product. • Therefore, the food industry is continuously trying to bring in distinctive packaging to increase sales in a competitive environment. In addition, the shifting consumer preferences, activism, and changing government policies in the wake of packaging pollution-related data, driving the growth of the green packaging industry in food & beverage applications. Personal Care Green Packaging Market Report Highlights The global personal care green packaging market size was estimated at USD 31.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. • The personal care segment recorded a significant market share in 2022, owing to the wide application of recycled PET pouches, bottles, and containers for creams, body lotion, gel, and others. • Moreover, personal care manufacturers are increasingly recognizing the importance of sustainability to their brand reputation as it helps to convey a company's commitment to sustainability and social responsibility to consumers, which further drives the demand for this segment. • For instance, Olive Natural Skincare offers 100% recycled packaging for all its products and has achieved a zero-carbon certification which shows its customers its commitment to sustainability and uplifts its brand reputation. • Many green-conscious consumers are opting for sustainable packaging for personal care products. The past few years have been monumental for sustainable packaging, especially in Europe, as global brands have pledged to reduce, reuse, and recycle post-consumer materials. Manufacturers of personal care products and cosmetics pay attention to sustainable packaging primarily owing to the rising consumer consciousness regarding the origin of the products used by them. • Cosmetic companies have historically fallen under the ethical radar with controversies related to animal testing, the use of harmful chemicals, and child labor. These companies have been trying to build a clean brand image wherein sustainable packaging has played a vital role. Order your copy of Free Sample of “Green Packaging Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Healthcare Green Packaging Market Report Highlights The global healthcare green packaging market size was estimated at USD 41.0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. • The healthcare segment is expected to grow at a fast CAGR of 4.8% during the forecast period, attributed to the increasing use of green packaging, such as molded pulp packaging solutions, instead of traditional reusable utensils in hospitals and healthcare facilities for more convenience. • In addition, aluminum foil material is used for the packaging of pharmaceutical oral drugs such as pills and capsules. Moreover, the increased demand for disposable sustainable packaging solutions, driven by consumer concerns about hygiene during the global pandemic, is contributing to the growth of the segment. • There also exists a lack of recycling infrastructure for medical packaging materials, which has made it difficult to recycle the materials even though they are manufactured with sustainable practices and eco-friendly materials. • Europe has been at the forefront of promoting recyclable medical packaging, where manufacturers gain a competitive edge by marketing and making recyclable packaging products. • Healthcare Plastics Recycling Council (HPRC) has supported and led many hospital waste diversion strategies, although single-use plastics still dominate the healthcare industry. Other Green Packaging Market Report Highlights The global other green packaging market size was estimated at USD 35.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. • Other applications of green packaging include electronics, consumer goods, and automotive packaging. The green packaging trend has already picked pace in the electronics industry. For instance, Samsung Electronics, a leading electronics manufacturer, announced in 2019 that it would shift from using virgin plastic packaging to more sustainable materials such as paper and biobased or recycled plastics. • Many electronics manufacturers are revamping their entire product packaging involving quality control, marketing, purchasing, and development for innovative packaging. • Cardboard is gaining popularity in consumer goods manufacturing as it is 80% biodegradable and readily available. If it is not segregated, it can still break down quickly if it ends up in a landfill. • The e-commerce players have adopted sustainable packaging as they are witnessing high growth and facing backlash for excessive use of non-sustainable packaging materials. These players are establishing industry partnerships and collaborative initiatives with organizations such as the Green Chemistry & Commerce Council, Better Cotton Initiative, Sustainable Packaging Coalition, and Textile Exchange. • Considering the tangible business benefits of adopting sustainable packaging, many manufacturers are now switching to green packaging, thereby driving the former’s demand in multiple areas. Go through the table of content of green packaging industry data book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape The green packaging market is highly competitive, with the presence of both global and regional players. The companies offer a wide range of products that are available in a variety of shapes, sizes, and colours. Moreover, they offer custom packaging products to suit customer-specific requirements. The market has also witnessed several new product launches and mergers and acquisitions over the last few years. The industry players are adopting several strategies, including collaborations, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. Key players operating in the Green Packaging Industry are – • Amcor plc • Be Green Packaging • DS Smith Plc • DuPont • Evergreen Packaging LLC • Mondi • Nampak Ltd • Ball Corporation • Sealed Air • Tetra Laval Petrochemicals Industry | A Vital Cornerstone of Modern Life and Building Blocks of Our World11/16/2023 Petrochemicals Industry data book covers ethylene, propylene, butadiene, benzene, xylene, toluene and methanol markets. Global petrochemicals industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Petrochemicals Industry Data Book from 2023 to 2030, compiled with details by Grand View Research Benzene Market Insights Growth & Trends The global benzene market size was valued at USD 55.8 million tons in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. Benzene accounted for a share of over 11% in the global petrochemicals industry in 2021. The increasing demand for styrene in various end-use industries such as packaging, automotive, electronics, and others is acting as a major driving force for the continuously increasing demand for benzene. Styrene, produced from benzene’s derivative ethylbenzene, is used in a wide range of industries. The majority of the product goes into the production of polystyrene, which due to its flexibility, resilience, moisture resistance, and lightweight is used in the packaging industry. Korea was the largest exporter of benzene in 2021, followed by India, Thailand, & the Netherlands. In terms of imports, China was the largest importer accounting for a share of 30.5% in 2021. It was followed by U.S., Belgium, & Netherlands. Asia Pacific dominated the market with a revenue share of 45.2% in 2022. This is attributed to the expanding end-use industries such as the chemical industry, packaging, automobile, pharmaceutical, and others in the region. According to International Institute for Sustainable Development (IISD) in 2021, the chemical industry in the Asia Pacific accounted for around 45% of global chemical manufacturing and 7% of global GDP. The major consumers and producers of benzene in the Asia Pacific are China, India, South Korea, and Japan. China is among the major consumer of benzene with imports amounting to USD 2,785,449 thousand whereas, South Korea accounted for major export amounting to USD 2,254,945 thousand in 2021. The increase in demand and import in China is due to the increasing usage of benzene in construction and automobile products such as paints, flooring, fiberglass, adhesives, tires, and others. According to the National Bureau of Statistics in China in 2021, the construction output of China accounted for around USD 4,091 Billion. Thus, the increasing end-use industries in the country are further driving the demand for the product. Methanol Market Insights Growth & Trends The global methanol market size was valued at 153.8 million Tons in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). Iran was the largest exporter of benzene in 2021, followed by Oman, Saudi Arabia, and Trinidad & Tobago. In terms of imports, China was the largest importer accounting for a share of 27.5% in 2021. It was followed by India, U.S., and the Netherlands. China is a significant driver for the methanol market due to sustained demand resulting from its high investment on Methanol to Olefin (MTO) projects. Asia, including China, holds a share of over 70% in the methanol demand which provides a edge in terms of price. The methanol capacities are likely to expand over the coming years, with significant expansion plans across China, Russia, Iran, and the U.S. The Asia Pacific emerged as the leading regional market in 2018, claiming 61.6% of overall revenue share. China accounted for around 75% of the total methanol production in the region. Northeast Asian countries cumulatively accounted for more than 54% of the global capacity during the same year. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. For instance, the Netherlands has a total capital investment of USD 246 million to convert 360,000 tons of waste into 270 million liters of green methanol. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. Order your copy of the Free Sample of “Petrochemicals Industry Data Book - Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene and Methanol Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Propylene Market insights Growth & Trends The global propylene market size was valued at 95.1 million tons in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. Propylene accounted for a share of over 20% in the global industry in 2021. It is used to produce acrylonitrile, polypropylene resin, acrylic acid, isopropyl alcohol, propylene oxide, and acetone. Propylene is widely utilized in the automotive industry, as a preferable choice of alloys. It accounts for a major share of plastics used in automobiles. Increasing demand for injection-molded polypropylene (PP) from the electrical & electronics industry is further expected to fuel the consumption of propylene, specifically in developing regions such as Asia Pacific and the Middle East. It is also used in other applications such as housewares, bottle caps, toys, and luggage. Butadiene Market Insights Growth & Trends The global butadiene market size was valued at 12.9 million tons in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. Butadiene accounted for a share of over 15% in the global industry in 2021. It is majorly utilized as a chemical intermediate and a monomer during the production of polymers such as styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), polychloroprene (PBR), and nitrile rubber (NR). Butadiene derivatives have witnessed a significant increase in demand specifically in China, India, and other Asian countries owing to the flourishing end-use industries such as automobile, consumer goods, construction, and others. Ethylene Market Insights Growth & Trends The global ethylene market size was valued at 153.9 million tons in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. Ethylene market dominated the petrochemicals industry with a share of over 40% in 2021. The product is a key feedstock in the formulation of derivatives such as ethylene oxide, polyethylene, ethylene dichloride (EDC), ethylbenzene, and styrene. These derivatives are prominently used in plastic packaging for food, beverages, personal care, healthcare, and consumer electronics industries with a share of over 45%. Go through the table of content of Petrochemicals Industry Data Book to get a better understanding of the Coverage & Scope of the study. Petrochemicals Industry Data Book Competitive Landscape Petrochemicals markets across the globe returned to making profits in 2021. This was driven by the global economic recovery, rise in crude oil prices, supply restrictions, and high shipping cost. The average EBITDA margin for top 100 petrochemical players increased to approximately 20% as compared to 14% in 2019. In 2021, the price of crude oil has continued to increase, resulting in significant profits for this industry participants. Key players operating in the Petrochemicals industry are – • China Petrochemical Corporation (SINOPEC) • ExxonMobil Corporation • Royal Dutch Shell PLC • China National Petroleum Corporation Global nylon sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. The unique attributes of nylon 6 make the product a cost-effective substitute for materials such as bronze, steel, brass, aluminum, gunmetal, and rubber. These properties attract electrical protection device manufacturers to use nylon 6 in their offerings. The utilization of nylon 6 in various applications over the past few years has established its utility, reliability, and supportive economics based on performance and cost. The excellent surface finish of the product, even under reinforced conditions, makes it a suitable product for applications where aesthetics is important. Access the Global Nylon Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Nylon 6 Market Report Highlights The global nylon 6 market size was valued at USD 18,367.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. • Nylon 6 attracts significant demand from the carpet industry, particularly across Europe. Turkey is one of the highest importers of nylon for its sizeable textile industry based on nylon. • The apparel industry is additionally witnessing propulsive growth due to consumer preference for experimenting with distinct raw materials. • Nylon 6 fabrics are smooth, dry quickly, and require minimal care. The advantages of nylon include water retention on the surface of the fabrics. • Furthermore, nylon’s low permeability has a disadvantage in that the fabric feels clammy and uncomfortable in warm. They additionally retain their shape after washing. Nylon 66 Market Report Highlights The global nylon 66 market size was valued at USD 14,292.5 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. • Nylon 66 has witnessed a rise in demand from the automotive industry for the manufacturing of fuel systems, engine components, under-the-hood components, and electrical connectors, due to its high resistivity to mechanical stress, heat, and chemicals. • Asia Pacific dominated the global nylon 66 market owing to the increasing disposable income and rising demand for automobiles across the growing population. • In addition, the presence of inexpensive labor and the presence of major automotive manufacturers such as Honda Motor Company; Hyundai Motor Co.; Nissan Motor Co. Ltd.; and TOYOTA MOTOR CORP. is anticipated to propel the demand for nylon 66 during the forecast period. Order your copy of Free Sample of “Nylon Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Competitive Landscape The nylon market is anticipated to witness substantial growth over the coming years owing to the increasing demand for lightweight materials in the automotive industry. The increasing rate of automotive production and rapid expansion of the automotive manufacturing base across the world are projected to boost the demand for nylon over the forecast period. Furthermore, superior properties of nylon products such as high mechanical strength, electrical resistance, toughness, and good insulation are expected to largely contribute to the growth of the nylon industry over the forecast period. Key players operating in the Nylon Industry are – • BASF SE • LANXESS • Hunstman International LLC • AdvanSix, Inc. • Ube Industries, Ltd. • Domo Chemicals • Toray Industries, Inc. • Ashley Polymers, Inc. • Ascend Performance Materials LLC • TOYOBO CO., LTD. • Goodfellow Group Global blister packaging sector database, offered by Grand View Research’s is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Blister packaging is experiencing moderate growth in the U.S., driven by the high level of safety provided by these packaging solutions. The demand for blister packaging has been increasing over the years in the country due to the growing preference of blister packaging manufacturers and consumers for these packaging solutions. The market has also been fueled by the rising demand for over-the-counter drugs such as aspirin, antacids, and vitamin supplements. Access the Global Blister Packaging Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Healthcare Blister Packaging Market Report Highlights The global healthcare blister packaging market size was estimated at USD 18.28 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. • Healthcare is one of the largest markets with a significant impact on the global economy and is constantly growing at a significant rate owing to the rising population around the globe. • Changing lifestyles, high rates of urbanization, and increased per capita income are driving the demand for healthcare facilities, which, in turn, is driving the blister packaging industry. • The global healthcare blister packaging market is expected to witness growth on account of rising demand for pharmaceutical drugs and materials in developed and developing economies, increasing demand from healthcare end-use industries for tamper-evident packaging designs provided by blister packaging solutions, and their high visibility properties. • A shift in consumer preference from traditional packaging for healthcare materials to tamper-evident designed unit-dose blister packaging solutions and their cost-effective properties is driving the blister packaging market. Consumer Goods Blister Packaging Market Report Highlights The global consumer goods blister packaging packaging market size was estimated at USD 2.23 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030. • Rising consumption of consumer goods such as electronics and cosmetics, along with increasing disposable income of consumers, is likely to drive the demand for blister packaging in consumer goods applications. • For instance, Arcade Beauty offers thermoform blister packaging for its wide range of make-up and skin-care materials. Moreover, the rising environmental concerns among consumers have given rise to blister packaging solutions made with sustainable materials. • Demand for electronics, cosmetics, and personal care materials from millennials is on the rise in major countries, including the U.S., China, India, and other developing economies. • The consumer base in these countries is expected to increase substantially over the forecast period leading to a higher demand for blister packaging. Order your copy of Free Sample of “Blister Packaging Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Industrial Goods Blister Packaging Market Report Highlights The global industrial goods blister packaging market size was estimated at USD 2.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. • The industrial good blister packaging segment includes automotive and semiconductor industry applications. • Various automotive parts, such as repair tools, small batteries, and other tiny components, use blister packaging. • In addition, electrostatic discharge (ESD) is a significant aspect of the semiconductor industry, as it can cause damage to sensitive semiconductor parts. • Blister packaging solutions are designed to provide ESD protection by utilizing an anti-static coating and treatment to the material packaging. • This ensures that the materials are safely protected from static electricity, reducing the risk of physical damage during shipping and warehousing. • North America is a hub for computer hardware and accessories, including components, peripherals, and networking devices, owing to the presence of several well-established electronic companies in the region, such as Apple Inc. and Microsoft. • Blister packaging is widely adopted in this sector to protect fragile and sensitive electronic components during shipping and warehousing. • The cold-form blister packaging provides cushioning, prevents moisture ingress, and reduces the risk of damage during handling and transportation. Food & Confectionary Blister Packaging Market Report Highlights The global food & confectionary blister packaging market size was estimated at USD 3.71 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. • Blister packaging consists of a plastic cavity or blister that holds the product and a backing card or foil that provides visibility and protection. • Blister packaging is often used to package single-serve snacks such as chocolates, candies, gum, or nuts. It keeps these items fresh and protected from external factors like moisture and air. • Blister packaging is popular for medicated chewing gums and mints. The individual blisters ensure precise dosing, hygiene, and protection of the product. • Some bakery items, like cookies, brownies, and pastries, are individually packed in blister packaging to maintain freshness and prevent breakage during transport. • Blister packaging can be used for individual condiments and sauce servings in restaurants and takeout orders. It provides portion control and minimizes mess. • Blister packaging plays a crucial role in the food and confectionery sector by providing protection, visibility, portion control, and convenience for various products, from snacks and candies to supplements and condiments. It helps ensure product integrity and enhances the overall consumer experience. Go through the table of content of Blister Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape The global blister packaging market players face strong competition from other regional and national players as well as from each other since they have a well-established supply chain network, knowledge of suppliers across markets, and are well-informed about the packaging compliances and regulations for various end-use sectors. Key players operating in the Blister Packaging Industry are – • Amcor plc • Constantia Flexibles • UFlex Limited • Sonoco Materials Company • WINPAK LTD. • WestRock Company • SteriPackGroup • Honeywell International Inc • Klöckner Pentaplast • ACG • SÜDPACK • Tekni Plex • Blisterpack Inc. • Abhinav Enterprises • YuanPeng Plastic Materials Co., Ltd Global dyes and pigments sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. The global dyes and pigments market has witnessed remarkable growth as it is primarily used in key end-use industries such as textiles, construction, and plastics, to name a few. The textile industry is one of the largest end-users of dyes and pigments, with a wide range of applications in the production of clothing, home textiles, and other textile-based products. The construction industry with applications in the production of architectural coatings, automotive coatings, and other industrial coatings. The plastics industry is also a significant end-user of pigments, with applications in the manufacturing of plastic products such as packaging, consumer goods, and industrial components. Access the Global Dyes and Pigments Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Dyes Market Report Highlights The global dyes market is expected to expand at a compound annual growth rate (CAGR) of 2.6% from 2023 to 2030. Dyes accounted for an industry share of nearly 67% in 2022. Dyes play a significant role in various industries, including textiles, printing inks, paints, plastics, and cosmetics. Dyes are substances that impart color to materials through a process called dyeing. They are used to enhance the aesthetic appeal of products, provide color fastness, and create a wide range of shades and hues. The use of cutting-edge technologies like nanotechnology and biotechnology in the production of dyes is boosting product performance and improving production efficiency. For instance, Lanxess recently announced plans to increase its production capacity for Macrolex dyes by 25% through an investment worth USD 5.68 million, in response to the growing demand for dyes market across the world. Pigments Market Report Highlights The global pigments market is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. • Pigments accounted for an industry share of over 32% in 2022. The pigments market is vital to various industries, including paints and coatings, plastics, printing inks, construction, and automotive. • Pigments are finely ground solid particles that provide color and opacity to materials. Unlike dyes, which dissolve in the substrate, pigments are insoluble and dispersed in binders or carriers. • Pigments are used to provide color, opacity, and durability to paints and coatings, allowing for the creation of vibrant and long-lasting finishes. They are available in various forms, including organic and inorganic pigments, each offering unique properties and color options. • The growing adoption of digital printing technology is driving the demand for specialized pigments that offer high color vibrancy and durability. • The strong presence of global players, such as BASF SE, Clariant AG, and Evonik Industries, is also contributing to the growth and development of the dyes and pigments market across the globe. • These companies have a strong presence in the European market and are known for their investment in research and development of new and innovative pigment production methods, as well as their commitment to sustainability and eco-friendliness. Order your copy of Free Sample of “Dyes and Pigments Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Competitive Landscape The market players are actively conducting research and development to create high-quality colors with enhanced features. They are also forming technological collaborations such as mergers & acquisitions, new product launches, and expansions to further support their R&D efforts. Key players operating in the Dyes and Pigments Industry are – • BASF SE • Clariant AG • DIC Corporation • Sudarshan Chemical Industries Limited • Huntsman Corporation • Atul Ltd • Cabot Corp • E.I Dupont De Nemours & Co • Kiri Industries Ltd • Kronos Worldwide Inc. • Lanxess AG • Tronox Ltd • Eckart GmbH Flint Group Global returnable packaging sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Returnable Packaging Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Food & Beverage Returnable Packaging Market Report Highlights The global food & beverage returnable packaging market size was valued at USD 37.67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. • Food and beverage dominated the returnable packaging market in 2022 and is expected to maintain the lead in 2030. • For the past decade, crates, trays, and pallets made of wood and plastics have been an integral part of the food & beverage sector, simplifying the storage and transport of the products. • This is due to the strong presence of key bakery, and processed meat and beverage companies such as Associated British Foods plc, Warburtons, and Nestlé in the region. • The companies are continuously involved in new product developments and production aiming to meet consumer demands. Increasing production activities by such companies are expected to drive the demand for returnable packaging solutions which will affect the market positively. Automotive Returnable Packaging Market Report Highlights The global automotive returnable packaging market size was valued at USD 21.50 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. • Returnable packaging has been an integral part of the automotive supply chain over the past decade. Packaging products like pallet crates, containers, and dunnage are primarily used to store and transport automobiles and assembly parts, body panels, and other parts. • The production of automobiles around the world has been increasing since the past decade with an increasing population and higher income levels. Increasing automotive output is also expected to fuel the auto ancillary industry. • Developing countries like India, Brazil, and China have established a strong supply chain for automobiles and have significant export levels. • Automotive assembly lines need bulk packaging solutions like pallets, crates, bins, and containers produced from metal and plastics. • The development of electric vehicles to increase sustainability and environmental protection is also expected to increase the demand for returnable packaging solutions from the automotive industry. • The COVID-19 pandemic adversely affected the production and sales in the automotive industry in 2020. • Lockdown implemented in major automobile hubs like China, India, the U.S., Germany, and Brazil has reduced the industry output significantly. • Growing fears for the second wave of the infection from COVID-19 affected the demand for returnable packaging products. Order your copy of Free Sample of “Returnable Packaging Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Consumer Durables Returnable Packaging Market Report Highlights The global consumer durables returnable packaging market size was valued at USD 20.16 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. • Consumer durable includes packaging solutions for televisions, washing machines, refrigerators, air conditioners, cellphones, laptops, and others. • Kitchen appliances like microwave ovens, mixers, grinders, and juicers also require packaging solutions for transport. • Consumer durables commonly use corrugated boxes, containers, dunnage, and other products for packaging. • Demand for sustainable and environmentally friendly packaging solutions for these products is increasing owing to changing consumer preferences and government regulation. • Increasing the global population coupled with a high rate of urbanization and rising income levels is expected to fuel the demand for innovative packaging solutions for consumer durables such as returnable packaging products. Healthcare Returnable Packaging Market Report Highlights The global healthcare returnable packaging market size was valued at USD 9.07 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. • Healthcare is the fastest-growing end-use of the returnable packaging market owing to remarkable growth in demand for pharmaceutical and healthcare products. • Medical OEMs and equipment manufacturers use the returnable packaging solution for the transportation of various equipment like ventilators, oxygenators, heart rate monitors, and others. • Transportation of sensitive and fragile equipment requires reliable, strong packaging solutions capable of absorbing shocks and withstand harsh transportation conditions. • The COVID-19 pandemic also increased the demand for healthcare equipment like ventilators and contributed to the demand for returnable packaging solutions in 2020. • The pharmaceutical industry requires packing products like pallets, containers, FIBCs, drums, and barrels for the transportation of chemicals, medicines, drugs, and vaccines in bulk quantities. • The increasing number of old population in countries like Japan, Germany, Italy, Portugal, and other European countries is expected to increase the demand for pharmaceutical products and healthcare equipment which is expected to drive demand for the returnable packaging from the healthcare end-use industry. • The development of the COVID-19 vaccine contributed to the additional demand for these packaging solutions for the safe transport, storage, and distribution of vaccine vials. Go through the table of content of Returnable Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study. Key players operating in the Returnable Packaging Industry are – • ORBIS Corporation • NEFAB GROUP • PPS Midlands Limited • Tri-pack Packaging Systems Ltd. • Amatech, Inc. • CHEP (Parent Company Financials) • Celina • UBEECO Packaging Solutions • RPR Inc. • Mondi Global crop protection chemicals sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Crop Protection Chemicals Industry Data Book, 2023 to 2030, Compiled And Offered By Grand View Research Herbicides Market Report Highlights • The global herbicides market is projected to expand at a CAGR of 3.7% from 2023 to 2030, as per the new report by Grand View Research, Inc. • Herbicides accounted for a share of 44.2% of the industry in 2022. Herbicides are one of the most widely used pesticides in agricultural applications. They serve the purpose of eradicating a diverse range of undesirable weeds. • According to the Food and Agriculture Organization, the global consumption of herbicides reached around 2 million tons in 2019, which was double the quantity of insecticides used on a global scale during the same year. These herbicides are primarily employed during the autumn vegetation phase to enhance agricultural practices. • Glyphosate is applied to the leaves of plants, which eliminates grass as well as broadleaf plants. Glyphosate is among the most commonly used herbicides in the U.S. • The sodium salt which consists of glyphosate is effective in monitoring plant growth and stimulating the growth of specific crops. It is widely used in agriculture, forestry, orchards, gardens, and lawns. Some specific products, that contain glyphosate, can even monitor aquatic plants. Fungicides Market Report Highlights The global fungicides market is projected to expand at a CAGR of 3.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. • By product, inorganic fungicides emerged the largest segment in 2019. • The benzimidazoles product segment is expected to witness significant growth over the forecast period on account of their effectiveness in controlling a broad range of fungi at low application rates. • By application, the fruits and vegetables segment is expected to expand at the fastest CAGR of 4.6% based on volume over the forecast period due to high demand from cultivators of oranges, grapes, and sugarcane. • Asia Pacific is expected to emerge as the fastest growing market from 2020 to 2027 due to prevalence of multiple agrarian economies in the region. • Bayer CropScience and Nufarm are among the largest manufacturers of fungicides worldwide and are also recognized as the key innovators from the product development standpoint. Order your copy of Free Sample of “Crop Protection Chemicals Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Insecticides Market Report Highlights The global insecticides market is projected to expand at a CAGR of 4.0% from 2023 to 2030, as per the new report by Grand View Research, Inc. • Organophosphates are estimated to be the second-fastest-growing application segment from 2023 to 2030 due to their application in agriculture, home, garden, and veterinary practices. • Cereals & grains are likely to be the fastest-growing application segment during the forecast period. • This is due to the rising consumption of cereal & grains on account of their high nutritional value, in terms of the content of proteins, vitamins, minerals, and fiber, which helps control blood, pressure, cholesterol, and obesity. • However, the hazardous nature of insecticides may severely impact human health and the environment. This factor is expected to act as a challenge to the market growth. Biopesticides Market Report Highlights The global biopesticides market is projected to expand at a CAGR of 4.8% from 2023 to 2030, as per the new report by Grand View Research, Inc. • Biopesticides accounted for a share of 3.4% of the industry in 2022. The Environmental Protection Agency (EPA) of the United States encourages the creation and application of biopesticides. • To simplify the registration of biopesticides, the Biopesticides and Pollution Prevention Division was established under the Pesticide Programs. • Additionally, research, development, and commercialization of biopesticides and biofertilizers have been supported in India by a number of government organizations, including the Department of Biotechnology (DBT), the Ministry of Science and Technology, and the Ministry of Agriculture and Farmers Welfare. • By offering subsidies for new bio-fertilizer/biopesticide units, the Indian government is actively promoting organic farming. • Biopesticides are inherently less toxic when compared to commonly used pesticides. Furthermore, they primarily impact the target pest and its closely related organisms. • Unlike traditional pesticides, which also harm organisms such as birds, insects, and mammals, biopesticides pose fewer risks to the environment. Go through the table of content of Crop Protection Chemicals Industry Data Book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape Crop protection chemical production involves the ultrasonic production method, which is an extensive step-by-step method that includes dispersion, emulsification, dissolving, and homogenization of active ingredients. The manufacturing process of pesticides, herbicides, fungicides, and other crop protection chemicals as well as other active substances requires reliable dispersing, milling, dissolving, and emulsification of active ingredients of the final product. Key players operating in the Crop Protection Chemicals Industry are – • American Vanguard Corp • Dow Chemical Company • Arysta LifeSciences Corporation • Bayer AG • BASF SE • FMC Corporation • Corteva • Chr. Hansen Holding A/S • Bioworks • Syngenta Group |
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