The benzalkonium bromide market size is projected to be valued at US$ 883.6 million in 2023 and is expected to rise to US$ 1,943.3 million by 2033. The sales of benzalkonium bromide are expected to record a significant CAGR of 8.2% during the forecast period. The benzalkonium bromide market is experiencing significant growth due …
Monthly Archives: May 2024
Strip Pack Market Driven by Business Preference for Tough, Environmentally Protective, and Cost-Efficient Packaging Solutions
The global strip packaging market is poised for significant growth, expected to exhibit a robust CAGR of 5.2% throughout the forecast period, culminating in a market value of US$ 289.92 million by 2033. As of 2023, the market is valued at US$ 174.63 million. The strip pack market is experiencing significant growth driven by businesses’ preference for packaging solutions that are tough, …
Pre-Book Airport Transfer Market Poised for Remarkable Growth: Anticipated Compound Annual Growth Rate (CAGR) of 23.6% Signals Surging Demand for Seamless Travel Solutions
The pre-book airport transfer industry is anticipated to grow at a compound annual growth rate (CAGR) of 23.6% from 2021 to 2031 globally. In the pre-book airport transfer market, the integration of artificial intelligence (AI), chatbots, digital payments, and other cutting-edge technologies is becoming increasingly popular in airport transfer services. To improve their services, major firms continue to focus …
Capitalize on the Booming Resin Capsule Market: Growth Forecast to US$ 2.1 Billion by 2034
The resin capsule market is anticipated to be valued at US$ 1.3 billion by 2024. The market valuation is estimated to be US$ 2.1 billion by 2034, projected at a CAGR of 5.2%. The market is a thriving sector that provides innovative anchoring and reinforcement solutions primarily utilized in the construction, mining, and tunneling …
Increasing Adoption of Presswood Pallets Fueled by Development of Smart Technologies for Precise Tracking and Management
As per the analysis conducted by Future Market Insight, the global presswood pallets market is anticipated to achieve a valuation of US$ 5.78 billion by 2033, exhibiting a CAGR of 5.9%. This projected value showcases a substantial augmentation compared to its estimated market worth of US$ 3.26 billion in 2023. Demand for presswood pallets in various industries is increasing at a rapid pace. …
Industrial Absorbent Market Poised for US$ 6.5 Billion Growth: Capitalize on the Rise of Sustainable Solutions
The industrial absorbent market is estimated to be worth US$ 4.5 billion in 2024 and is projected to be valued at US$ 6.5 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 3.7%. The expanding scope of industries, including manufacturing, oil and gas, chemicals, automotive, and healthcare, is driving the demand for industrial absorbents. …
Educational Tourism Market Set to Soar: Forecasted Compound Annual Growth Rate (CAGR) of 17.2% by 2031
According to Future Market Insights (FMI) most recent estimate, the worldwide market for educational tourism is anticipated to grow at a rate of 16.5% YoY in 2021 and will have surpassed a valuation of about US$ 399.8 billion by the end of the year. Various countries across the world are promoting educational tourism as a part of their strategy to boost …
Combined Sales of Cocoa Derivatives May Surpass US$ 49.59 billion; Demand for Clean-label Foods Proves to Have Promising Growth Prospects
Future Market Insights analysts predict the cocoa derivatives market may grow from US$ 29.31 billion in 2023 to more than US$ 49.59 billion by 2033. During the forecast period, the market is expected to register a CAGR of 5.4%. There is a growing interest in pesticide-free food products, which influences the demand for organically grown cocoa on …
How Microbial Protein is Revolutionizing the Feed Industry? FMI Report Reveals the Factors Propelling the Demand for Microbial Protein Used in Feed
In 2023, the microbial protein used in feed market is expected to be worth US$ 159.0 million. Sales of microbial protein used in feed are projected to increase at a CAGR of 13.5% and reach US$ 564.1 million by 2033. The microbial protein used in feed industry has been experiencing significant growth due to several …
Gamma Decalactone Market to Surpass US$ 6,499.4 Thousand by 2033 as Beverages with Appealing Tastes Gain Traction Worldwide
In 2023, the market for gamma decalactone is projected to be worth US$ 3,363.6 thousand. It is anticipated to expand significantly between 2023 and 2033, at a CAGR of 6.8%. In 2033, value of the global market is anticipated to reach around US$ 6,499.4 thousand. The beverage industry makes extensive use of gamma decalactone to …