The global compostable straws market is poised for significant growth, with an expected market value of US$ 3,250 million by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033. This upward trajectory is in line with the increasing trend of food and beverage consumption worldwide, which, in turn, …
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Explosive Market Growth Forecasted for Fatty Esters: Expected to Reach US$ 3.4 Billion by 2032
The increasing use of fatty esters in end-use industries such as food, biochemical and agricultural is expected to boost the growth of the market during the forecast period. Growing demand for fatty esters for industrial applications owing to its environment friendliness is expected to augment market growth over the forecast period. The market was estimated at US$ 2.1 …
The Food Grade Carrageenan Market Expected to Reach US$ 2.3 Billion by 2032
The global food grade carrageenan market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 2.3 Billion by 2032. In food, hydrocolloids have a variety of functions, including gelling, thickening, emulsifying, coating, and stability. Hydrocolloids are used in a wide range of foods, from dairy products …
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Global Ethylbenzene Market Set to Surge to US$ 31 Billion with 3.5% Growth, Fueled by Robust Styrene Production
The global ethylbenzene market is expected to secure US$ 31 Billion while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 21.9 Billion in 2022. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene. The increasing use of ethylbenzene in end-use industries such as …
Asset Tags Market Surges to US$ 3,217.1 Million by 2033, Fueled by Logistics Industry Growth and Technological Advancements
The demand in the asset tags market is projected to rise from US$ 1,865.6 million in 2023 to an impressive US$ 3,217.1 million by 2033, boasting a CAGR of 5.60%. The increasing popularity of cloud-based asset-tracking solutions creates many opportunities for asset tags. However, asset tags can be expensive for businesses that have just entered …
The Nonprotein Nitrogen Market Anticipated to Reach US$ 1.6 Billion by 2032
In 2022, the nonprotein nitrogen market is projected to be worth US$ 1.1 billion. The market for nonprotein nitrogen will grow at a CAGR of 4.2% and reach US$ 1.6 Bn by 2032. NPN is roughly equal to real protein as a nitrogen source in standard dairy and animal feeds have no more than 12 to 13 …
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The Grain Alcohol Market Projected to Reach US$ 22.2 Billion by 2032
Grain Alcohol Market will Surpass US$ 15.6 Bn through 2022 & Beyond as Application in Beverage Industry Rises According to Future Market Insights (FMI), the global grain alcohol market is expected to witness growth at a CAGR of 4.2%, surpassing US$ 22.2 Bn during the forecast period (2022-2032). Grain alcohol is made by distilling fermented grain, which consists …
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Carton Liners Market: Projected to Reach US$ 54.6 Billion by 2033 with a 5.2% CAGR, Fueled by Pharmaceutical Cold Chain Packaging
The global carton liners market is anticipated to reach a valuation of US$ 32.9 billion in 2023, driven by eco-friendly packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2023 and 2033, and reaching a total valuation of approximately US$ 54.6 billion by 2033. …
Global Hot Melt Adhesive Tapes Market Poised to Reach US$ 37.7 Billion by 2033: Cross-Industry Applications Drive Growth
The global hot melt adhesive tapes market is anticipated to reach a valuation of US$ 20.1 billion in 2023, driven by a rise in e-commerce and online shopping. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.5% between 2023 and 2033, and reaching a total valuation …
Consumer Awareness Spurs Growth: North American Multi-Head Filling Machines Market Rides High on Toxin-Free Product Trends
The North American multi-head filling machines market is on a growth trajectory, primarily driven by the surging demand for organic and natural personal care products in the United States and Canada. Consumers in these regions are increasingly aware of the potential harm caused by toxic compounds like aluminum and parabens commonly found in deodorants, skincare, …