By 2032, the value of the worldwide LED grow light market is projected to rise from US$ 1.9 billion. From 2022 to 2032, global sales of LED grow lights are anticipated to expand at a CAGR of 22.7%. Due of its numerous benefits, end users tend to favour LED grow lights that are less powerful …
Monthly Archives: September 2023
Canvas Primer Market is Expected to Register a CAGR of 5.1% During Forecast Period By 2033
The canvas primer market is set to register a CAGR of 5.1% by garnering a market value of US$ 4.78 Billion. The massive use of canvas primer in manufacturing products, including canopies, tents and awnings, is expected to witness substantial growth over the forecast period. Properties including sturdiness, tearing, smooth surface which is not prone to snagging, resistance to extreme …
Sorting Hampers Market Forecast: 6% CAGR is Expected Through 2031 | Report By FMI
The sorting hampers market is set to witness steady growth during 2021-2031, with a CAGR of around 6%. Demand for sorting hamper will witness steady growth owing to the factors such as fueling of demand for automation in the food industry, improving the economic conditions, urbanization, and growing need to improve the working efficiency in …
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Navigating the Future: Plastic Bathtub Market Anticipates Steady 4.3% CAGR through 2031 | Says FMI
According to the latest research by Future Market Insights, the plastic bathtub market is set to witness steady growth during 2021-2031, with a CAGR of around 4.3%. Demand for plastic bathtubs will witness growth due to the rapidly changing lifestyles of the individual and the growing demand of customers to install premium products in their residential area. …
Kids Watch Market to Grow at a Rate of 12% by 2031 | Future Market Insights
The kids watch market is set to witness steady growth during 2021-2031, with a CAGR of around 12%. Demand for kids watches will witness growth due to rapidly growing advancements in the implementation of technologies. Further, the presence of digital platforms, rising health concerns, availability of various designs and software platforms are owing to the growth of …
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Kids Musical Instrument Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
The kids musical instrument market is set to witness steady growth during 2021-2031, with a CAGR of around 3%. Demand for kids’ musical instruments is likely to grow with the rapid expansion and adoption of social media platforms among kids, which is going to attract them towards special acquired skills. Additionally, the advancements in technology have led …
Yoga and Pilates Mats Market is Poised to Exhibit a CAGR of 6.6% from 2023 to 2033 | FMI
The yoga and pilates mats market is projected to be worth US$ 1.33 billion in 2023 and is expected to grow at a 6.6% CAGR to US$ 2.52 billion in 2033. Fitness and exercise is an evolving market, and new trends within the segment are constantly emerging. Yoga has gained immense popularity across the globe and continues to do so. Since yoga has …
Closet Organizers Market is Driven by Increasing Demand for Storage Solutions in Residential and Commercial Spaces by 2033 | FMI
The closet organizers market is expected to register a staggering double-digit CAGR of 8% by garnering a market value of US$ 7.34 Billion. As fashion trends undergo rapid transformations, consumer investment in various kinds of apparel has registered a major northward shift. Millennials are especially highly conscious about the type of outfit they purchase in order to fit into the prevailing …
Cutlery Market is Expected to Expand CAGR of 6.4% in the Forecast Period 2023 to 2033 | FMI
The global cutlery market is expected to be worth US$ 10.0 Billion in 2023. Demand in the market is expected to reach US$ 20.3 Billion by 2033, registering an 6.4% CAGR over the forecast period (2023-2033). The cutlery is utilized to prepare, serve, and eat food. As such, cutlery comes under the homewares segment and its two sub-categories: cooking (for kitchen knives and utensils) …
Scalp Scrub Market is Projected to Reach USD 19.92 Billion by 2033 | FMI
The global scalp scrub market is projected to grow to a remarkable valuation of US$ 13.33 billion in 2023 and is expected to exhibit a CAGR of 4.1% from 2023 to 2033 and reach USD 19.92 Billion in 2033. A scalp scrub is a shedding veil that is made to dispose of the dead skin cells, dirt, and overabundance sebum from the scalp. …
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