The bromine industry is expected to be worth USD 2.53 billion in 2023 and USD 4.7 billion by 2033. Between 2023 and 2033, the market is expected to register a growth rate of 6.3%. Increased crop yields and modern agriculture have added to the need to store agricultural products for long periods, including vegetables, dried grains, …
Monthly Archives: May 2024
Oxalic Acid Industry Eyes Impressive Growth, Predicts USD 1550 Million Valuation by 2033, with a CAGR of 4.9%
The global oxalic acid industry is expected to attain a valuation of US$ 960 million in 2023 and is anticipated to reach US$ 1550 million by 2033, trailing a CAGR of 4.9% during the forecast period. Oxalic acid plays a crucial role in various biological processes, impacting seed germination, calcium storage and regulation, iron balance, detoxification, structural …
Growing Demand in Food Preservation and Application in Pharmaceutical to Drive Carnosic Acid Market at a CAGR of 10.1% by 2034
According to Future Market Insights (FMI), the global market for carnosic acid is expected to expand from US$ 92.7 million in 2024 to US$ 152.4 million by 2034. The market is expected to surge at 10.1% CAGR from 2024 to 2034. The full potential of carnosic acid in pharmaceuticals, nutraceuticals, and other sectors highlights its versatile nature and potential health benefits. In …
Contact Lenses Market Poised to Reach USD 16,256.8 Million: Anticipated 4.9% CAGR Growth by 2034, Driven by Increasing Demand for Smart Lenses with Augmented Reality (AR) Integration
The contact lenses market is expected to rise from USD 10,035.9 million in 2024 to USD 16,256.8 million by 2034. The market is expected to grow at a CAGR of 4.90% over the next decade. Sales of contact lenses are increasing due to the rising prevalence of myopia, especially among the population below the age …
Dolomite Industry Anticipates Surge in Demand, Projects Valuation of USD 5,487.1 Million by 2033, with a CAGR of 4.4%
According to forecasts, the dolomite industry is expected to be US$ 3,567.3 million in 2023 and US$ 5,487.1 million by 2033. Throughout the projection period, demand for low-carbon steel products is predicted to rise and support market expansion. Government-led fiscal stimulus is the main driver of the nation’s economic development, which boosts investor spending and company …
Rising Need to Eliminate Plastic Usage Drives Growth of Bagasse Tableware Products Market | Says FMI
According to Future Market Insights, the global bagasse tableware products market is projected to reach US$ 3.0 Billion in 2023. Furthermore, overall bagasse tableware product sales are likely to increase at 6.4% CAGR during the forecast period, reaching US$ 5.2 Billion by 2032. Innovative tableware solutions made from sugarcane residue are known as bagasse tableware products. These tableware solutions are eco-friendly, lightweight, strong, …
Integration of IoT Sensors Drives Transformation in IBC Rental Business Market, Expected to Reach at a US$ 2.2 Billion by 2033
The global IBC rental business market is anticipated to reach a valuation of US$ 1.27 billion in 2023, driven by increasing emphasis on sustainability & reusable packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.7% between 2023 and 2033, and reaching a total valuation of approximately US$ 2.2 billion by 2033. One of …
Tampon Market Set to Surpass USD 9,881.7 Million by 2034: Rising Demand for Organic and Biodegradable Options Driven by Growing Environmental Consciousness
The tampon market size is likely to be worth USD 5,895.9 million in 2024. The industry is set to surpass USD 9,881.7 million by 2034. The sales of tampons are predicted to expand at a CAGR of 5.3% through 2034. The tampon industry is primarily driven by factors such as increasing awareness and acceptance of …
Oven Market on a Steady Growth Curve, Expected to Reach USD 5,006.70 Million by 2034: Exploring the Rise of Smart and Connected Ovens for Enhanced Convenience and Customization
The global oven market is expected to simmer and sizzle its way to a projected value of USD 5,006.70 million by 2034. This represents a significant rise in temperature from its estimated value of USD 3,132.80 million in 2024, reflecting a steady growth rate of 4.80% CAGR by 2034. Changing consumer lifestyles and preferences, including …
Disposable Lids Market is Predicted to Grow at a CAGR of 4.5% During the Forecast Period 2033 | FMI
The disposable lids market is expected to reach a valuation of US$ 5 billion by 2033, according to a new analysis published by Future Market Insights (FMI). The market is predicted to grow at a CAGR of 4.5% during the forecast period. It is anticipated that the market would grow to US$ 3.2 billion in 2023. This estimation underscores a notable expansion in …