In 2023, the global hiking backpacks market is anticipated to grow to a valuation of USD 4.44 billion. It is projected to exhibit a CAGR of 5.5% from 2023 to 2033, reaching USD 19.92 billion in 2033. The expanding market for hiking backpacks is driven by the rising popularity of easily transportable outdoor recreational activities. In …
Monthly Archives: May 2024
Educational Toy Market: Projected to Reach USD 1,39,554.3 Million by 2034 – Demand in an Optimistic Scenario | FMI Report
At the end of 2023, the educational toy market share was valued at USD 51,567.90 million. The educational toy market is projected to increase from USD 56,312.10 million in 2024 to USD 1,39,554.3 million by 2034, with a CAGR of 9.50%. The educational toy market witnessed a CAGR of 8.8% from 2019 to 2023, rising from USD …
Grape Skin Extract Market Swinging to Projected USD 391.37 Million by 2033
In 2022, it was predicted that the grape skin extract market would generate USD 164.47 million. Consumer preference for clean-label beauty products and nutritional supplements is anticipated to grow, driving sales to USD 391.37 million by 2033 and registering a CAGR of 8% from 2023 to 2033. The primary drivers of this growth are the growing …
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Cold Pressed Soap Market Set to Reach USD 1,728.17 Million in 2033: Increased Interest in Natural Ingredients Driving Demand
In 2023, the global cold pressed soap market is poised to reach a market value of USD 946.98 million. It is projected to exhibit a compound annual growth rate (CAGR) of 6.2% from 2023 to 2033, reaching USD 1,728.17 million in 2033. The anticipated surge in demand for cold pressed soap over the projected timeframe is …
Microelectronics Boom Propels Photoresist Chemical: CAGR of 3.6% Forecast Over Next Decade
The photoresist chemical market value is expected to rise from USD 3,386.2 million in 2024 to USD 4,837.2 million by 2034. This market is analyzed to surge ahead at a CAGR of 3.6% over the next decade. Booming microelectronics is a cornerstone for the growth of photoresist chemical market. The exploding demand for higher-performance devices, …
Beauty and Personal Care Product Market: Projected to Cross USD 9,95,103.4 Million by 2034 – Product Life Cycle Analysis
The beauty and personal care product market is anticipated to be worth USD 5,45,284.4 million in 2024. The market is likely to surpass a valuation of USD 9,95,103.4 million by 2034. The sales of beauty and personal care product is likely to expand at a steady CAGR of 6.20% from 2024 to 2034. The beauty and personal care product industry is propelled by …
Food & Beverage, Pharma Drive Demand: Ceramic Membranes for Efficient Separation & Purification
The ceramic membranes market is anticipated to reach a valuation of USD 5.45 billion by 2023. By 2033, the market is anticipated to have grown at a compound annual growth rate of 11.2% to reach USD 15.61 billion. Ceramic membranes offer excellent filtration capabilities for water and wastewater treatment. They can effectively remove suspended …
Industrial Rubber Products Market to Boom: Set for USD 214.7 Billion by 2033 Driven by Durability and Green Initiatives
The market for industrial rubber products is anticipated to grow to more than USD 113.7 billion by 2023. The market is anticipated to grow at a 6.6% CAGR over the forecast period, reaching USD 214.7 billion by 2033, according to FMI. The industrial rubber products market has been gradually expanding due to rising demand from …
Desiccant Dehumidifiers Market worth USD 822.4 million by 2033
With different industries requiring specific humidity levels and operating conditions, there is a growing trend towards customized and specialized desiccant dehumidifiers. Manufacturers that offer tailored solutions for niche applications, such as pharmaceuticals, food processing, and museums, can tap into these untapped markets. As energy conservation becomes a key concern, there is a rising demand for …
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Global Wearable Thermometers Market projected to grow at a CAGR of 8.9% during 2021-2031
Future Market Insights, a leading provider of market intelligence and consulting services, has released a comprehensive report projecting substantial growth for the global wearable thermometers market. According to the latest research findings, the market is poised to experience a remarkable Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period from 2021 to 2031. …