The global plant-based protein market enjoyed a year-on-year (YOY) growth of 6.7% in 2021 to total sales of USD 11.3 Bn and is projected to surpass USD 22.5 Bn in 2032 at a CAGR of 7.2%, according to a market analysis performed by Future Market Insights. Increased productivity in the food and beverage industry will open up new potential for …
Monthly Archives: June 2023
Explosive Growth Awaits: Microbial Lipase Market Poised to Reach USD 990.2 Million with an Impressive 6.8% CAGR by 2032
In 2022, the microbial lipase market is anticipated to reach USD 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching USD 990.2 Million. Lipases are extremely adaptable microbial enzymes that have piqued the interest of various industrial processes. Lipases can be obtained from a variety …
Tray Sealing Machines Market is forecasted to reach US$ 5.12 Billion by 2032
Between 2022 and 2032, the market for tray-sealing machines is anticipated to grow at an average CAGR of 4.5%. The market is anticipated to increase from US$ 3.30 billion in 2022 to US$ 5.12 billion by 2032. Despite stagnant sales amid COVID-19, the demand for tray sealing machines will surge from 2021 onwards, albeit gradually which is …
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Steel Drum Market is reaching US$ 20.8 billion by the year 2033 with a CAGR of 5.6%
Between 2023 and 2033, the global steel drum market is anticipated to increase linearly at a CAGR of 5.6%, reaching US$ 20.8 billion. Carbon steel or stainless steel is used to make the steel drum, a safe and secure rigid packing solution. Steel drum demand is increased by the notable qualities of steel container drums, such as …
HDPE Bottles Market is expected to reach USD 67.2 Billion by 2028
Projected to cross the US$ 50 billion mark in 2019, the global revenue of the HDPE bottles landscape is likely to expand gradually year on year. As explained in a new research study presented by Future Market Insights, the global HDPE bottles market will demonstrate passive growth over the next few years; however, increasing inclination towards …
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PET Preforms Market to reach a value of US$ 22.28 Billion by 2032
The market for PET preforms is expected to increase at a CAGR of 3.9% from 2022 to 2032, reaching a value of US$ 22.28 billion. The market is now valued at US$ 15.2 billion. By 2024, the market for PET preforms is anticipated to expand by 3.8%. To meet customer demand, a number of well-known industries, including …
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Braking Revenue Barrier: Automotive Brake Friction Products Market Set to Surpass US$ 17.2 Billion by 2032 with a Steady CAGR of 4.8%
The global automotive brake friction products market is expected to create lucrative growth opportunities with an opulent CAGR of 4.8% during the forecast period from 2022 to 2032. The market was valued at around US$ 10.4 Billion in 2021 and is likely to reach a valuation of US$ 17.2 Billion by 2032. The market for …
Driving Towards Prosperity: Mobile Car Wash and Detailing Market Poised to Reach US$ 22.9 Billion by 2032 with a Promising CAGR of 8.9%
The global mobile car wash and detailing market is set to witness an impressive growth rate of 8.9% over the forecasted years of 2022 to 2032. The mobile car wash and detailing market size is anticipated to reach a valuation of around US$ 22.9 Billion by the end of year 2032 from the current valuation of US$ 9.8 Billion in 2022. Compared to …
Navigating Success: Watercraft Accessories Market to Reach US$ 12,382.9 Million by 2032 with a Strong CAGR of 6.0%
The global watercraft accessories market is projected to grow from US$ 6,901.1 Million in 2021 to US$ 12,382.9 Million by 2032, with sales growth at a healthy CAGR of 6% throughout the forecast period. Rising demand for watercraft accessories from diverse end use sectors including military & defense, amusement parks, coastal tourism & shipping company, …
Marine Electronics Market Size to Reach US$ 7.5 Billion by 2029 with CAGR of 5.3% | FMI
Marine Electronics Market is estimated at US$ 5.2 Billion in 2022, and is projected to close in on a valuation of US$ 7.5 Billion by 2029, expanding at a CAGR of 5.3% over the said period. The surge in industrialization and globalization is resulting in an increase in demand for ships and boats, which is …