Growing Consciousness About Health Among People and Increasing Application of Vegetable Oil in Various Industries Are Likely to Aid in the Growth of the Global Vegetable Oil Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Global Vegetable Oil Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Vegetable oils are extracted from various plant seeds such as palm, sunflower, mustard and many more. Vegetable oils are a mixture of triglycerides of fatty acids which are esters of glycerol and are chemically known as fat. Recently, vegetable oils are made from margarine that suppress polyunsaturated fats which can lower the bad cholesterol and are considered as highl processed food product. The vegetable oil which is extracted from soybean seeds are widely used for cooking oils. In food Industry, the addition of oil in hydrogen is called hydrogenation and this helps to increase the shelf life of food. Growing consciousness about health among people and increasing application of vegetable oil in various industries are the major factors driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising government initiatives is set to further enhance the overall market demand for Global Vegetable Oil Market for the period 2021-2026.

Global Vegetable Oil Segment Analysis – By Type

The Global Vegetable Oil Market based on Type can be further segmented into Palm Oil, Soyabean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Others. The Palm Oil segment is the major segment generating revenue in 2020. This is mainly owing to the increasing benefits of health and the limited price of palm oil. Moreover, palm oil is extracted from plant seeds that helps to increase vision and protects from cardiovascular diseases and also helps to increase the growth of hair that are increasing the consumption of triglycerides palm oil and are rising the market growth. The Soyabean Oil segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to usage in cooking purpose and also contains hydrogenation that helps to increase the shelf life and are increasing the growth of this segment.

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Global Vegetable Oil Segment Analysis – By Packaging Type

The Global Vegetable Oil Market based on Packaging Type can be further segmented into Cans, Bottles, Pouches, and Others. The Pouches segment registers for the highest Vegetable Oil market share in 2020. This is owing to storage and usage is easy and are widely used as packs contains refill that are rising the growth of this market. The Bottles segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to easy to store and carry, cost effective and wide availability in several sizes that are increasing the growth of this market.

Global Vegetable Oil Segment Analysis – By Geography

Asia Pacific dominated the Vegetable Oil Market with a major share of 40% in 2020. This is owing to increasing accessibility of various number of food and beverage manufacturers, rising research and advancement in food industry and rising initiatives by the government. According to Food and Agricultural Organization (FAO), per capita consumption growth of vegetable oil is increased by 3.1% p.a. and India is considered as the number one importer of vegetable oil in the world that increases the growth of this market. However, North America is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising research and development activities and increasing development in the food and beverage industry.

Global Vegetable Oil Market Drivers

Growing Consciousness about Health

Increasing consciousness about health and rising demand for organic health-based products increases the demand of vegetable oil as it is made from margarine and are increasing the growth of the Market. Various manufacturers are offering vegetable oils products that are used in various purposes such as cooking, fuel production etc, increasing the growth of the Vegetable Oil Market over 2021-2026.

Increasing Application in Various Industries

Increasing application of vegetable oil in fuel production, culinary, soaps, and perfume formulations and various industries increases the growth of this Market. Moreover, rising demand of biodiesel in automotive and aerospace industries as the vegetable oils used as an alternative energy source that is increasing the growth of Vegetable Oil Market over 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly impacted the growth of Vegetable Oil Market. During pandemic, there is disruption in supply chain that reduced the supply and causes disruption in various industries such as food and beverage and are negatively impacted the growth of this market.

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Global Vegetable Oil Market Challenges

Rising Environmental Concerns

The factors that is set to impede the growth of the Global Vegetable Oil Market are the rising concerns about environment in order to reduce the use of palm oil and high cost of processing is set to create hurdles for the Vegetable Oil Market.

Global Vegetable Oil Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Vegetable Oil Market. Vegetable Oil top 10 companies are The Manischewitz Company, Conagra Brands, Inc., Waitrose & Partners , The J.M. Smucker Co., IFFCO , Unico, Woolworths Group Limited, Edible Oils Ltd., Marico Limited, and Adani Wilmar Limited.

Development

In April 2019, L’Oreal launched a beauty brand product with sunflower seed oil that increases the demand of vegetable plant seeds and are increasing the growth of this market.

Key Takeaways

Geographically, in 2020, North America dominated the Global Vegetable Oil Market owing to increasing accessibility of various number of food and beverage manufacturers, rising research and advancement in food industry and rising initiatives by the government.

Growing consciousness about health among people and increasing application of vegetable oil in various industries are likely to aid in the market growth of the Global Vegetable Oil.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Global Vegetable Oil Market report.

Rising concerns about the environment and high cost of production is set to create hurdles for the Global Vegetable Oil Market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/global-vegetable-oil-market-size-estimated-to-reach-3700-million-by-2026/89038233

Source: MarketersMedia

Release ID: 89038233

Growing Demand of Sports Drinks Among People and Increasing the Advantages and Innovation in Technology Are Likely to Aid in the Growth of the Carbohydrase Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Carbohydrase Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Carbohydrase is classified as digestive enzymes that help to increase the process of digestion. Carbohydrase also support in developing various types of syrups like inverted sugar syrups, glucose syrup, and fructose syrup. Pectinase are a type of carbohydrase that are needful for fungi that feed on plants. Carbohydrase are created in salivary glands and small intestine that are breaking down into polysaccharides as the enzymes of carbohydrase break starch into sugar. Amylases is another type of carbohydrase that helps in digestion process and also helps in reducing diabetes. The growing demand of sports drinks among people and increasing the advantages and innovation in technology is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage and pharmaceutical industry and rising government initiatives is set to further enhance the overall market demand for Carbohydrase Market for the period 2021-2026.

Carbohydrase Segment Analysis – By Type

The global Carbohydrase Market based on Fruit Type can be further segmented into Amylases, Cellulases, Pectinases, Lactase, and Others. The Amylases segment is the major segment generating revenue in 2020. This is mainly owing to the increased capacity of plant and also support in increasing product yields. Moreover, it causes easy digestion and absorption and also polluting less that increases the demand of various amylases and pectinases and are rising the market growth. The Cellulases segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to cellulose is useful in diet for fiber as it is a type of polysaccharides fiber in plant that increases the demand of carbohydrase and are increasing the growth of this segment.

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Carbohydrase Segment Analysis – By Application

The global Carbohydrase Market based on Application can be further segmented into Food and Beverage, Animal Feed, Pharmaceutical, Others. The Food and Beverage segment registers for the highest Carbohydrase market share in 2020. This is owing to rising popularity of bakery and confectionery products increaseing the use of carbohydrase and rising consumption of sports drinks which are rising the growth of this market. The pharmaceutical segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to diabetes treatment and obesity that increases the demand of carbohydrate, as it is created in salivary glands that are breaking into polysaccharides increasing the growth of this market.

Carbohydrase Segment Analysis – By Geography

North America dominated the Carbohydrase Market with major share of 40% in 2020. This is owing to increasing accessibility of various number of food and beverage manufacturers, rising research and advancement in technology and rising initiatives by the government. Various manufacturers in North America are offering carbohydrase products that are used in various industries such as food and beverages and pharmaceuticals that helps to increase the growth of this market. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising research and development activities and increasing development in food and beverage industry.

Carbohydrase Market Drivers

Increasing Demand for Sports Drinks

Increasing population in athletics increases the demand for sports drinks that increases the demand of carbohydrase and rising the growth of the Market. According to the National Collegiate Athletic Association (NCAA), in 2019 the number of people in athlete is increasing that are increasing the growth of the Carbohydrase Market over 2021-2026.

Advancement in Technology

Growing advancement of technology in the field of enzymes that increases the growth of this Market. Moreover, various enzyme engineering such as Genetic Engineering are adopting by various manufacturers that are also increasing the growth of Carbohydrase Market over 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly impacted the growth of Carbohydrase Market. During pandemic, there is disruption in supply chain that reduced the supply and causes disruption in various industries such as food and beverage and are negatively impacted the growth of this market.

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Carbohydrase Market Challenges

High Cost of Production

The factors that is set to impede the growth of the Carbohydrase Market are the increasing cost of production and limitation in technology is set to create hurdles for the Carbohydrase Market.

Carbohydrase Market Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Carbohydrase Market. Carbohydrase top 10 companies are Amano Enzyme Inc., AB Enzymes, Advanced Enzyme Technologies, Koninklijke DSM N.V., DuPont, Merck KGaA, BIO-CAT, Biolaxi Corporation, BIOGENIX INC. PVT. LTD., and Aumgene Biosciences.

Developments

In November 2019, DSM launched new maltogenic amylase, the latest additions to its BakeZyme portfolio that are used in high-quality baked goods.

Key Takeaways

Geographically, in 2020, North America dominated the Carbohydrase Market owing to increasing accessibility of a various number of food and beverage manufacturers, rising research and advancement in technology and rising initiatives by the government.

Growing demand of sports drinks among people and increasing the advantages and innovation in technology are likely to aid in the market growth of the Carbohydrase.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Carbohydrase Market report.

High cost of production of enzymes and limitations in technology is set to create hurdles for the Carbohydrase Market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/carbohydrase-market-size-estimated-to-reach-3700-million-by-2026/89037069

Source: MarketersMedia

Release ID: 89037069

Rise in the Demand for Microbial Vegetable Rennet to Produce Plant-based Enzymes for Cheese Making Is Driving the Growth of the Rennet Market

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Rennet Market size is estimated to reach $782.1 million by 2026, growing at a CAGR of 4.2% during the forecast period 2021-2026. Rennet enzymes are a complex set of enzymes produced in ruminant mammals. Rennet enzyme’s key component is a protease enzyme that curdles the casein and is synthesized by gastric chief cells in the stomach of some animals. These enzymes are increasingly being used in milk coagulation owing to their ability to coagulate milk at the normal pH of milk even if the activity increases with decreasing pH. The rise in the demand for animal-derived rennet for protein catabolism, growing adoption of quality rennet for protease enzymes, technological advancements in the cheese manufacturing industry in developed nations, and growing investment by the key players to develop quality rennet enzymes are the factors that are set to drive the growth of the Rennet Market for the period 2021-2026.

Rennet Market Segment Analysis-By Type

The Rennet Market based on the Type can be further segmented into Animal-Derived Rennet, Microbial Rennet, Vegetable Rennet, and Fermentation Produced Chymosin Rennet. The Animal-Derived Rennet segment held the largest share in 2020 owing to the factors such as the rise in the demand for animal-derived rennet for protein catabolism and increasing product launches by the key players. The rise in the adoption of animal-derived rennet for protease enzymes is driving the growth of the Rennet Market. The Fermentation Produced Chymosin Rennet segment is estimated to be the fastest growing segment with a CAGR of 4.7% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of fermentation produced chymosin rennet for milk coagulation and the rise in the research and development activities to develop quality fermentation produced chymosin rennet.

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Rennet Market Segment Analysis – By Application

The Rennet Market based on the Application can be further segmented into Cheese, Dessert, Yogurt, and Others. The Cheese segment held the largest share in 2020 owing to the factors such as the increase in the adoption of animal-derived rennet for producing cheese and the rise in the investment by the key players to develop quality rennet enzymes for making cheese. The rise in the demand for microbial vegetable rennet to produce plant-based enzymes for cheese making is driving the growth of the Rennet Market. The Yogurt segment is estimated to be the fastest growing segment with a CAGR of 4.4% over the period 2021-2026. This growth is owing to the factors such as the rise in awareness among the patients about the availability of rennet enzymes for making yogurts and the growing demand for protease enzymes present in rennet for making yogurts.

Rennet Market Segment Analysis-By Geography

North America held the largest share with 36.1% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for animal-derived rennet for protein catabolism and an increase in product launches by key players. The increasing adoption of quality rennet for protease enzymes is driving the growth of the Rennet Market. Asia-Pacific segment is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the adoption of fermentation produced chymosin rennet for milk coagulation and growing investment by the key players to develop quality rennet enzymes.

Rennet Market Drivers

Rise in the Adoption of Rennet for Milk Coagulation

Rennet enzymes are increasingly being adopted for milk coagulation owing to their ability to coagulate milk at the normal pH of milk even if the activity increases with decreasing pH. The rise in the demand for fermentation produced chymosin rennet for milk coagulation owing to its stability is one of the major factors driving the growth of the Rennet Market.

Technological Advancements in Cheese Manufacturing Industry

The key players are largely increasing their dependence on fermentation produced chymosin rennet for cheese production and with the technological advancements, the demand for rennet enzymes is increasing owing to the large enzymatic production of chymosin. The cost-effectiveness of fermentation produced chymosin rennet is further propelling the growth of the Rennet Market.

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Rennet Market Challenges

Rise in the Availability of Substitutes

The key players in the market are collaborating with other players to carry out various research and development activities for launching quality rennet for various applications. However, the rise in the availability of substitutes is one of the major factors that is estimated to reduce the growth of the Rennet Market.

Rennet Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Rennet Market. Key companies of this market are DuPont, Chr. Hansen Holding A/S, Enzyme Supplies Limited, Koninklijke DSM N.V., WalcoRen, Fonterra Co-operative Group, Clarion Casein Ltd., Renco, Mahaan Foods Ltd, and AlindaVelco S.A. among others.

Acquisitions/Product Launches:

In June 2020, Dupont has launched Chymostar rennet for new milk coagulating preparation for the dairy industry and to offer ripening kinetics. It can be used for producing any type of cheese, such as hard, semi-hard, low-fat, and ingredient cheeses, and is positioned to promote ideal curd formation.

Key Takeaways

Geographically, North American Rennet Market accounted for the highest revenue share in 2020 and is poised to dominate over the period 2021-2026 owing to the rise in the adoption of quality rennet for protease enzymes.

The increase in the demand for animal-derived rennet for protein catabolism is driving the Animal-Derived Rennet segment. However, the rise in the availability of substitutes is one of the major factors that is said to reduce the growth of the Rennet Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Rennet Market report.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/rennet-market-size-estimated-to-reach-7821-million-by-2026/89038225

Source: MarketersMedia

Release ID: 89038225

Rising Demand of Alcoholic Beverages Driving the Growth of Extra Neutral Alcohol Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Extra Neutral Alcohol Market (ENA) size is forecast to reach $11.5 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026 due to increasing consumption in developing and emerging countries. Nearly 90% of the ENA produced in India is used in the manufacture, processing and consumption of alcoholic beverages, which is constantly growing. In addition, a gradual change from country liquor towards Indian Produced Foreign Liquor (IMFL) in recent years has also led to a rise in demand for drinking alcohol such as odorless alcohol, whiskey, rum, brandy, and so on. Rising disposable incomes, shifting perceptions towards drinking and Western alcohols are other factors facilitating the market for potable alcohol. In addition, since ENA finds numerous applications in flavors & fragrance sector, expanding cosmetics and personal health care, printing and pharmaceutical industries are expected to be highly lucrative for the extra neutral alcohol market. According to the Associated Alcohols & Breweries limited, India’s extra neutral alcohol consumption of 2.7 billion litres in 2017 which estimated to grow 3.8 billion litres of ENA consumption by 2023. On the other hand, ENA is used in cosmetic products such as perfume, toiletries, cologne, hair spray, air freshener and detergent. It is also used in the manufacturing of antiseptics, medicines, syrups and sprays for medicine, which boost the demand of extra neutral alcohols.

Extra Neutral Alcohol Market Segment Analysis – By Raw Material

Grain based segment held the largest share of more than 55% in the extra neutral alcohol market in 2020 because grain based materials are used in production of alcoholic beverages such as wine, whiskey, gin, rum, vodka, and more. Grains produce alcohols with excellent quality better than others. Grain based distilleries has been a huge demand for grain based extra neutral alcohol for the fast growing Indian Made Foreign Liquor (IMFL) Industries and for blending in Foreign Liquor outside India which has been a multifold surge in demand for extra neutral alcohol.

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Extra Neutral Alcohol Market Segment Analysis – By Application

Potable alcohol segment held the largest share of more than 30% in the extra neutral alcohol market in 2020, and is growing at a CAGR of 6.1% during 2021-2026. There are different grades of alcohol available on the market including fuel grade and industrial grade. Extra neutral alcohol (ENA) is a highly distilled food grade alcohol containing approximately 96 % volume of alcohol. The demand for extra neutral alcohol (ENA) worldwide is being driven by increased demand for alcoholic drinks around the world. According to India Brand Equity foundation (IBEF), global spirits market is forecast to reach at 3.19 billion cases by 2021.

Extra Neutral Alcohol Market Segment Analysis – By Geography

APAC dominated the extra neutral alcohol market share with more than 42.7% in 2020 with rise in the consumption of alcoholic beverages in Asian countries. The intake of odorless alcohol, brandy, vermouth, and so on has been higher in European countries but in the last few years it has declined, and rise in Asia Pacific region. According to the Indian Made Foreign Liquor (IMFL) consumption of red wine is accounting with 61% (approx.) in 2020 of total wine consumption in India to 71.6% in 2017. India consumed 0.8% of total wine compared to the rest of the Asian Countries. Thus, the demand for premium alcohols is expected to drive growth in the extra neutral alcohol market in the future.

Extra Neutral Alcohol Market Drivers

Increasing Consumption of Extra Neutral Alcohol

The global demand for extra neutral alcohol (ENA) dominates the potable alcohol in the pharmaceutical industry. It is used for the processing of disinfectants, sprays and syrups as well. According India Brand Equity Foundation (IBEF), Indian healthcare sector is expected to cross US$ 372 billion by 2022 and medical device market expected to grow US$ 25 billion by 2025.

Rising Demand of Alcoholic Beverages

Rising alcohol consumption, increasing disposable incomes, increasing party culture in urban areas around the world, and the proliferation of clubs, lounges, and bars have given the alcohol industry an impetus. A favorable market climate for the allied extra-neutral alcohol industry was subsequently generated by the increasingly rising alcohol industry. According to the National Epidemiologic Survey on Alcohol and Related Conditions, in America around 24 million adults consume more than 74 drinks per week.

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Market Landscape

Major players in the Extra Neutral Alcohol Market are Illovo Sugar Ltd., NCP Alcohols, USA Distillers, Sasol Solvents, Mumias Sugar Company, Agrochemical and Food Company Ltd (AFCL), Kakira Sugar Works Ltd (KSW), Tag Solvent Products, Swift Chemicals, Greenpoint Alcohols, and among others.

Key Takeaways

Extra neutral alcohol contains 96 % alcohol by volume, a colorless food grade alcohol. It has a neutral smell and taste and is extracted from different sources, such as molasses from sugar cane, grains, and so on.

According Indian Brand Equity Foundation (IBEF), the global spirits market is forecast to be at 3.19 billion cases by 2021, with whiskey, gin, and tequila expected to make gains of 55.2 million, 7.1 million, and 5.8 million litre cases, respectively, between 2017 and 2021.

Demand of extra neutral alcohol is increasing because it is high distilled alcohols that contains no impurities and is used for the manufacture of alcoholic beverages like gin can, odorless alcohol, alcoholic fruit beverages and aperitifs. Growing beverages demand across the globe, propels the market demand.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/extra-neutral-alcohol-market-size-forecast-to-reach-115-billion-by-2026/89038231

Source: MarketersMedia

Release ID: 89038231

Increasing Demand for the Time Synchronization Between the Equipment Used in the Industrial Automation Will Also Drive the Industrial Switching Hub Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

North America Industrial Switching Hub Market is expected to reach $6.5 billion by 2026 at a CAGR of 16.2% during the forecast period 2021-2026. The major growth drivers of the Industrial Switching Hub is rise in demand from corporate, as corporate use switches such as ethernet switch, poe switch, industrial ethernet switch and hubs to connect networking devices, growing demand for cloud storage, increased use data centers, and increase in demand of high bandwidth. In addition, increased digital data traffic over the existing network, rising adoption of industry 4.0 and growing adoption of factory automation predominantly in the manufacturing sector is set to improve the efficiency of production processes and supply chain. These factors are driving the growth of the North America industrial Switching Hub market size in the forecast period 2021-2026.

North America Industrial Switching Hub Market Segment Analysis- By Network

Ethernet is anticipated to grow at a CAGR of 19.6% during the forecast period. The rapidly growing adoption of Industrial IoT (IIoT) predominantly among the manufacturing and automotive sectors is set to improve the efficiency of production processes and supply chain driving the growth of the industrial Ethernet market. Supportive government initiatives and hefty investments to extensively convert traditional grids into smart grids are resulting in the proliferation of the market. In 2020, major company, Midwest Utility announced plans to invest $7.6 Billion in Smart Grid Technology and Renewables Large-scale.

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North America Industrial Switching Hub Market Segment Analysis- By Application

North America Industrial Switching Hub market in data centres is expected to grow at a CAGR of 20.4% in the forecast period 2021-2026. The operations of these data centre depend upon the technology, computers and networking. As more and more users are connected to the networks the problems related to speed in transferring and retrieving data will also increase as the bandwidth has to be divided among the users connected through various access points. Hence with these advantages several companies have adopted industrial switching hubs. In addition to this rise in investments, expansions related to data centres also creates an enormous opportunities for industrial switching hub. In 2019, Microsoft announced an investment of more than $1.1 billion for expansion of its presence in Mexico.

North America Industrial Switching Hub Market Segment Analysis- By Geography

In 2020, U.S dominated the Industrial Switching Hub market share of more than 68%. Owing to increased adoption of high bandwidth network, usage in data centers and so on are driving the Industrial Switching Hub in the region. The demand for Industrial Switching Hub market has risen dramatically over the past 12 months in the region due to expansion of data centers. In 2019, Google has committed to invest more than $10 billion for the expansion of its data centers in 11 states. Use of Industrial Switching Hub and Access Point in various industries in these regions are pushing the growth of Industrial Switching Hub and Access Point market.

North America Industrial Switching Hub Market Drivers

Growing demand for switching hubs in data centres

Increasing investments towards the construction of data centres will be one of the primary factors that will drive market for Industrial Switching hub in this region. The growing demand for cloud computing will also drive the demand for data centres. In 2020 Microsoft has announced plans to invest more than $1.1 billion for the expansion of its data centres in Mexico. Similarly, several key vendors have already entered into agreements to set up and expand their market operations. As switching hub is used for several applications such as detecting broadcast storm and improving network reliability in data centres. Hence the growing investments towards data centre construction will drive market growth in the forecast period 2021-2026.

Emergence of new technologies

The emergence of Big data storage, and streaming media applications have affected behavior on the network which now requires larger bandwidth for buffering. As switching hubs are the devices manufactured to meet these requirements, hence these emerging technologies are analysed to drive the market. Similarly, increasing demand for the time synchronization between the equipment used in the industrial automation will also drive the industrial switching hub as these network devices are the main components which connect the industrial equipment on the network.

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North America Industrial Switching Hub Market Landscape

North America Industrial Switching Hub top 10 include HP, Inc, Cisco systems Inc, Huawei Technologies Co. Ltd, Juniper Inc, Alcatel-Lucent Inc, Allied Telesis Inc, Arista Networks Inc, Hirschmann Inc, Brocade Communications Systems, Inc, Schneider Electric, Inc, ECI Telecom Ltd, Oracle Corporation, Moxa, Inc among others.

Key Takeaways

North America Industrial Switching Hub market share in data centres are expected to grow at a CAGR of 20.4% in the forecast period 2021-2026. The growth is attributed to applications of detecting broadcast storm, improving network reliability and so on.

Ethernet is anticipated to grow at a CAGR of 20.5% during the forecast period. The rapidly growing adoption of Industrial IoT (IIoT) predominantly among the manufacturing and automotive sectors will improve the efficiency of production processes and supply chain. This is driving the growth of the industrial Ethernet switch market.

In 2020, U.S dominated the Industrial Switching Hub market share of more than 62%. Owing to increased adoption of high bandwidth network, usage in data centres and so on are driving the Industrial Switching Hub in the region.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/north-america-industrial-switching-hub-market-size-expected-to-reach-65-billion-by-2026/89038227

Source: MarketersMedia

Release ID: 89038227

Artificial Lift Systems Market size is expected to grow rapidly between 2021 and 2027 led by robust investments towards the development of ultra-deep and deep shale reserves.

Delaware, United States – July 23, 2021 /MarketersMedia/ —

The artificial lift systems market is estimated to grow at a steady pace over the coming years owing to robust investments towards the development of ultra-deep and deep shale reserves. Current customization and automation of well reservoir development services along with rise in the number of abandonment and mature fields is likely to propel industry outlook.

There is an increasing demand for sour crude, mainly across Saudi Arabia, Egypt and Kuwait, which could drive progressive cavity pumps businesses. Recent oil price recovery and growing E&P activities in offshore and onshore areas could favor business outlook. The capability to perform in both directional and horizontal wells, high efficiency, a compact size and low maintenance cost makes the technology preferable. Technological advancements and preference towards brownfield projects are other factors fueling product demand.

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Driven by extensive product deployment, companies operating in the artificial lift systems market are working on advanced technologies and services. For example, in 2017, artificial lift solutions firm Schlumberger announced the launch of its new artificial lift management service which enhances artificial lift equipment performance, well production, and reduces operating costs. In view of such developments, Global Market Insights, Inc., suggests that the artificial lift systems market may register a CAGR of above 7% by 2027.

Mentioned below are some of the key trends driving artificial lift systems market expansion:
1) Middle East & Africa emerging as a promising business avenue
The Middle East & Africa artificial lift systems market is witnessing rapid growth owing to surge in the number of aging fields, technological advancements, and extensive R&D activities centered around oil extraction. The investments made by public and private companies towards redevelopment projects initiated by respective government authorities throughout nations is fueling business expansion.

2) Increasing adoption of hydraulic pumps
The hydraulic pumps segment is projected to grow on account of product features such as ease-of-installation, lack of moving parts, and high tolerance for corrosive fluids and solids. These pumps require less maintenance and have good operating flexibility in terms of depth, temperature and production. Changing production volumes and rise in exploration activities in deep water areas could drive the demand for these pumps over time.

3) Demand for onshore artificial lift systems
Increasing inclination towards planning of an economic well recovery process, as well as a decline in production from conventional wells, may drive the onshore application of artificial lift systems. Customized turnkey solutions are being offered by market players. Expansion of unconventional reserves is being conducted in the U.S., Indonesia, and China. Government plans to decrease import dependency and improve domestic production is likely to boost the deployment of artificial lift systems in onshore application.

About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source URL: https://marketersmedia.com/artificial-lift-systems-market-2021-industry-analysis-share-growth-by-2027/89038185

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Release ID: 89038185

Key players in the biopesticides market include Koppert B.V., International Panaacea Ltd, Bioworks, Stoller, BASF SE, Syngenta, Nufarm, Valent BioSciences, Futureco Bioscience, Bayer, Parry America, Inc., PT Prima Agro Tech, and Bio Huma Netics Inc.

Delaware, United States – July 23, 2021 /MarketersMedia/ —

In the latest research report by Global Market Insights, Inc., biopesticides market size is likely to surpass US$3.3 bn by 2026.

Over the years, crop protection has been grabbing headlines and has counted on synthetic chemical pesticides. That said, evolution of resistance in pest population and dearth in the availability of synthetic chemical pesticides have reignited the interest in biopesticides.

While the repercussions of the COVID-19 pandemic have become noticeable across food sectors, agriculture industry is showing more resilience to the outbreak. According to FAO, world cereal trade in 2020/21 is likely to be pegged at 433 million tons, fueled by trade expansion of all major cereals.

With rising crop losses caused by pests on the upswing, biopesticides will become a trendy sector. It is projected that biopesticides in seed treatment will have a promising future as lion’s share of the world’s food emanates from crops grown from seed, thereby signifying the relevance of biopesticides.

The advent of genetically modified seeds has added fillip in the biopesticides market as seed treatment continues to play an invaluable role in protecting the investment in high quality seed and helping ensure good crop life.

Prominently, bio-based seed treatment has become highly sought-after for it can help in the improved germination rates, vegetative vigor, and plant stand. Biological-based seed treatment offers revenue generating opportunities for stakeholders as they help to integrate with traditional chemical treatments to extend or improve control and helps to curb the growth of pest resistance to chemical solutions.

Microbial biopesticide will be one of the major sources for the control of pestiferous insects. There have been constant efforts to boost microbial-based products as they are able to control moth larvae found on plants with being inherently less toxic than conventional pesticides. Several leading companies are using biopesticides as a component of integrated pest management (IPM) programs to minimize the use of conventional pesticides, while boosting the crop yields.

Asia Pacific is likely to be replete with investment as biopesticides produce little or no toxic residue and the cost is comparatively lower than that of conventional synthetic chemical pesticides.

Emerging economies such as India and China are projected to provide unparalleled opportunities for the commercialization of biopesticides that contribute to food safety and environmental concerns. With increasing number of lands being cultivated with biofertilizers, APAC will continue to garner investments.

Given that the world’s population is poised to reach 10 bn in the next four decades, North America is also expected to play invaluable role to boost agricultural production. Lately, growing trend towards organic food among gen Z and millennial population has augured well for the growth of biopesticides market.

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Manufacturers of biopesticides face the challenge of keeping up with the compatibility with chemical pesticides and microbial viability at the time of storage. Accordingly, leading companies are vying to up their efforts on seed handling and formulation.

With watchdogs such as EPA encouraging the use of biopesticides, the environmentally friendly way to control pest and pathogens is gradually going mainstream. Report predicts microbial biopesticides will gain impetus, while seed treatment will be highly sought-after among growers.

About Global Market Insights Inc.
Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Release ID: 89038188

Global Market Insights, Inc., estimates that the mineral wool material market could reach USD 22.5 billion by the year 2026.

Delaware, United States – July 23, 2021 /MarketersMedia/ —

The mineral wool material market is anticipated to accrue considerable gains on account of rising product usage as a standard material for insulation in high-temperature marine applications and in industrial furnaces, ovens, and boilers. Remarkable qualities of mineral wool such as a high strength, impact resistance, and chemical inertness make it ideal for diverse applications across the automotive, industrial, and construction sectors.

In terms of products, the mineral wool material market is mainly divided into glass wool and rock wool. Growing consumer inclination towards eco-friendly materials across diverse industry verticals such as construction, manufacturing, automotive and industrial sectors could propel the demand for rock wool material.

Being a eco-friendly raw material, rock wool is used to support sustainable manufacturing processes, and is preferred by numerous manufacturing companies that adhere to stringent environmental norms. Besides, the production cost of rock wool is low owing to presence of numerous counts of basalt rock reserves.

Mineral wool, especially rock wool, finds immense application in solar systems as it composes moisture-resistant properties that enable it to retain insulating qualities while being wet. Other benefits like remarkable sound cancellation properties and high-temperature resistance could further enhance its functionality in solar systems. Mineral wool can help buildings suffer minimal acoustic invasion. Moreover, the material can tolerate temperatures above 1,800°F (1,000°C), acting as a fire barrier in slowing down the spread of fire in case of house fires.

Growth drivers of mineral wool material market are

• Strong growth in the Pre-Engineered Buildings (PEB) industry
• Booming transportation sector
• Environment-friendly nature and positive outlook in acoustic insulation applications

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On the regional forefront, Asia Pacific is considered to be a lucrative market for mineral wool material manufacturers. Rapidly developing industrial and construction sectors of the region has incited manufacturers to boost production capacity. These sectors usually have heavy insulation demand. Several prominent countries across APAC like India, China, Australia, and Japan are adopting modern design standards for energy efficiency of residential, sustainable and commercial buildings. Such initiatives could massively benefit businesses in the APAC mineral wool material market.

Companies operating in the mineral wool material landscape are looking out for strategic collaborations and partnerships to enhance their geographical reach and production capabilities. Varied innovation opportunities to enhance the quality of the product along with the integration of advanced materials could boost the functionality of mineral wool materials, helping companies expand their customer base. Moreover, the option of availing customized products according to versatile requirements might broaden business horizon for manufacturers.

Taking June 2020 for instance, CanWel Building Materials Group Ltd announced that it has inked a multi-year partnership deal with CertainTeed Canada to facilitate the supply of glass mineral wool insulation products across Canada. This will help CanWel building materials to expand its presence in Canada and nearby regions.

About Global Market Insights Inc.
Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Release ID: 89038190

Growth in Global Food Processing Industry and Stringent Government Regulations Driving the Growth of Food Grade Lubricants Market

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Food Grade Lubricants Market size is expected to be valued at $239.1 million by the end of the year 2026 after growing at a CAGR of 6.8% during the forecast period from 2021-2026. The stringent food safety regulations and the food quality check is increasing the demand for food grade lubricants. Major companies in the food industry has increasingly opted for the use of food grade lubricants to retain the quality and health of the food, which has highly contributed to the surge in demand for food grade lubricants.

Covid-19 Impact

The Covid-19 pandemic, has highly affected the manufacture of food grade lubricants, which has contributed to the hindrance in the growth of the food grade lubricants market. The economic restrictions across the globe owing to the global pandemic Covid-19 lead to the ban of inter-state and inter-country trades, imports and exports which hugely impacted the growth of the food grade lubricants market.

Food Grade Lubricants Market Segment Analysis – By Grade

H1 lubricants grade held the largest share of 35% in the food grade lubricants market in the year 2020. This could be attributed to the fact that H1 lubricants are preferred grade of lubricants, as the use of heavy metals and zinc, which helps in providing quality to the product. H1 lubricants are produced with synthetic base oils such as polyalphaolefins, polyalkylene glycol and ester, coupled with additive packages, that helps in providing premium performance.

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Food Grade Lubricants Market Segment Analysis – By Lubricant Type

Hydraulic oil segment held the largest share of 40% in the food grade lubricants market in the year 2020. The primary reason being hydraulic oil provides outstanding wear protection to vane pumps. Hydraulic oil also provides excellent thermal and oxidation stability, which means it helps manufacturers in improving plant reliability and performance.

Food Grade Lubricants Market Segment Analysis – By Base Oil Type

Synthetic-base oil segment held the largest share of 42% in the food grade lubricants market in the year 2020. This is mostly due to the superior properties of synthetic based oil food grade lubricants.

Food Grade Lubricants Market Segment Analysis – By Applications

Packaging equipment segment held the largest share of 25% in the food grade lubricants market in the year 2020. The food grade lubricants are extensively used in food packaging, handling and storage. There are certain rules and standards when it comes to packaging of food, in which food grade lubricants are an important part.

Food Grade Lubricants Market Segment Analysis – By End-Use Industry

The food and beverage industry held the largest share of 60% in the food grade lubricants market in the year 2020. The reason for use of food grade lubricants is very obvious, as they are required in operating the manufacture of food and beverages.

Food Grade Lubricants Market Segment Analysis – By Geography

European region held the largest share of 35% in the food grade lubricants market in the year 2020. The reason for high consumption of food grade lubricants in Europe is due to the stringent food safety regulations in the European regions. The food quality check and standards are very high in Europe as compared to the rest of the world.

Food Grade Lubricants Market Drivers

Growth in global food processing industry

There has been a rapid growth in the food processing industry in the recent years owing to the technological development and up-gradation in the food industry. Technological development has led to the usage of advanced equipment and technology that has eventually led to the consumption of food grade lubricants to facilitate smooth functioning of production.

Stringent government regulations

There are stringent government regulations in almost every country around the world, regarding the food quality and standards for food, agri-food, packed food, etc., which makes it compulsory for food manufacturers in the country to use the food grade lubricants in manufacturing of food.

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Food Grade Lubricants Market Challenges

Environmental contaminations and Food contamination

Lubricants can be subjected to environmental contaminations. The manufacture of lubricants can significantly hamper the environment and can be subjected to intense environmental contaminants.

Food Grade Lubricants Market Industry Outlook

Major players in the Food Grade Lubricants Market are Lubrication Engineers, Condat Lubrifiants, Petro-Canada Lubricants Inc., Nye Lubricants Inc., JBS, Exxon Mobil Corporation, BP PLC, Royal Dutch Shell Plc, Kluber Lubrication and Fuchs Petrolub SE among others.

Acquisitions/Technology Launches

In September 2020, CONDAT acquired KEMNO, an Italian based Lubricant and sealant manufacturing company. This acquisition was done for expansion and easy availability of CONDAT’s products in Italy.

Key Takeaways

Europe market is expected to hold the largest share in the food grade lubricants market which is due to the strict safety regulations and food quality check, which has surged the demand for food grade lubricants.

Food grade lubricants provide various advantages such as good performance in extreme temperature, durability and oxidation stability which has contributed to the growth of food grade lubricants.

The increase in food grade lubricant is also driven by the food standards which is almost present in every country, which makes it compulsory for food manufacturing industries to follow the standards.

The food grade lubricants market also witnesses continuous expansion and innovation which contributes to the product development and thereby increases the scope of food grade lubricants in the market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/food-grade-lubricants-market-size-expected-to-grow-at-a-cagr-of-68-during-the-forecast-period-from-20212026/89037019

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Release ID: 89037019

Rising Food and Grocery Retail Sales, and the Expansion of the Pharmaceutical Industry Are All Driving Rapid Urbanization, Therefore the Bi-Axially Oriented Polypropylene Sheets Market

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Bi-axially Oriented Polypropylene Sheets Market size is forecast to reach $20 billion by 2026, after growing at a CAGR of 5.6% during 2021-2026. Bi-axially oriented polypropylene films are most commonly used as food packaging material to package meat and cheese, pet food, bakery products, confectionaries, frozen food, and fresh produce. Tobacco packaging, tapes, cosmetics packaging, gift packaging, lamination, and pharmaceutical packaging are just a few more applications where bi-axially oriented polypropylene sheets can be found. One of the key factors that are likely to drive up the overall demand for bi-axially oriented polypropylene film in the ahead is the growing need for the aforementioned applications for bi-axially oriented polypropylene sheets. One of the most major non-packaging applications of bi-axially oriented polypropylene sheets is in the construction industry. India plans to invest US$ 1.4 trillion in infrastructure over the next five years, according to the India Brand Equity Foundation (IBEF). In addition, in India, construction projects like “100 smart cities” and “Housing for All by 2022” are influencing industry growth.

COVID-19 Impact

Due to the covid-19 outbreak, various countries are under shut down owing to which the market is witnessing a period of low demand from its end-use industries such as packaging, and construction. The COVID-19 pandemic is affecting operations of various industries, as most of the countries have issued “stay at home guidance” i.e., lockdown. As Bi-axially oriented polypropylene sheets are utilized in these industries, the declining operation of these industries is directly limiting its market growth during the pandemic. In Quarter 2 (April to June) 2020, construction output in the United Kingdom dropped by a record 35.0 percent as compared to Quarter 1 (January to March) 2020.

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Bi-axially Oriented Polypropylene Sheets Market Segment Analysis – By Application

Packaging held the largest market share in the applications for Bi-axially oriented polypropylene sheets market in 2020 and is growing at a CAGR of 5.8% during the forecast period. BOPP packaging sheets are commonly used in the packaging of products in a variety of end-use industries, including food and beverage, electrical and electronics, medicines, and cosmetics, and personal care items. Bags, pouches, wraps, laminates, labels, and tapes can all be made with them. BOPP packaging is suitable for high-quality packaging applications because it remains stable during printing and lamination operations.

Bi-axially Oriented Polypropylene Sheets Market Segment Analysis – By Geography

APAC dominated the Bi-axially Oriented Polypropylene Sheets market in 2020 with a share of 35%. Due to growing urbanization, the economy of APAC is largely influenced by the economic dynamics of nations such as China and India. People’s lifestyles are constantly changing as a result of rapid urbanization. People in cities have embraced a more modern way of life, which has resulted in an increase in the usage of BoPP as a premium product for a variety of home uses, including packaging. Factors such as the rising need for plastic packaging, faster electronic product manufacturing, the rise in digital printing, rising food and grocery retail sales, and the expansion of the pharmaceutical industry are all driving rapid urbanization, therefore the Bi-axially Oriented Polypropylene sheets market in this region is seeing increased demand.

Bi-axially Oriented Polypropylene Sheets Market Drivers

Growing Demand from Packaging Industry

BOPP films have embedded features such as a smooth surface, good clarity, and strong chemical and abrasion resistance, as well as the ability to withstand UV light. BOPP materials are utilized in a variety of packaging applications. Dairy products, bakery items, snack foods, beverages, and horticultural products all use them in their packaging. The need for BOPP films in food packaging is growing as customer preferences is shifting toward specialty and processed foods. In the medical industry, BOPP films and sheets are used to package common items. It serves as a barrier to protect drugs from external elements that could cause them to degrade or cause hazardous consequences.

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Bi-axially Oriented Polypropylene Sheets Market Challenges

Fluctuating prices of raw material

During the forecast period, raw material price volatility is expected to stymie the global Bi-axially oriented polypropylene sheets market. Technological advances are occurring in the worldwide Bi-axially oriented polypropylene sheets market. Bi-axially oriented polypropylene films are being developed in new and improved methods by companies.

Bi-axially Oriented Polypropylene Sheets Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bi-axially Oriented Polypropylene Sheets Market. Major players in the Bi-axially Oriented Polypropylene Sheets market includes Aep Industries, Toyobo, Exxon Mobil, Jindal Poly Films, Amcor Limited, among others.

Key Takeaways

BOPP has grown in popularity as a high-growth film because it is a superb water vapor barrier, functions as a grease and oil barrier, is recyclable, and is unaffected by environmental changes. They offer exceptional clarity, high gloss, and dimensional stability.

The rise in consumer product demand in developing countries has also aided the growth of the BOPP business globally. Consumption of consumer goods has traditionally been linked to rising disposable income, particularly among the middle class. However, the BOPP industry’s expansion is likely to be hampered by cost instability, particularly in raw materials.

Demand for high-performance and cheap product developments through research and development, on the other hand, is anticipated to offer opportunities in the coming years.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/bi-axially-oriented-polypropylene-sheets-market-size-forecast-to-reach-20-billion-by-2026/89037022

Source: MarketersMedia

Release ID: 89037022