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The phosphate category is anticipated to grow at a CAGR of 3.3% from 2023 to 2030. The growth of the category is strongly influenced by the continual expansion of the food and beverage industry. It plays a vital role in food processing, serving as essential additives and preservatives as it contributes significantly to the flavor, consistency, and longevity of a diverse array of food...Read More »
The polyurethane (PU) category is anticipated to grow at a CAGR of 4.4% from 2023 to 2030. The term polyurethane denotes a category of polymers made up of organic molecules connected by carbamate bonds. In 2022, the Asia Pacific region held a dominant position in the market, contributing over 45.1% of worldwide revenue. PU is widely used in numerous end markets, in a variety of forms such as flexible, rigid, elastomers, adhesives, coatings, sealants, and...Read More »
The order fulfillment category is anticipated to grow at a CAGR of 10% from 2023 to 2030. The rising online retail sales each year have resulted in rapid growth in the e-commerce industry and an increasing number of businesses preferring to sell their products digitally. This, in turn, has influenced the logistics landscape globally, along with fulfillment providers focusing on providing the best services throughout the process right from picking an order to delivering it to the end consumer....Read More »
The plasticizers category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. A plasticizer is a compound or material that is added to a polymer solution in order to enhance its flexibility and plasticity. In the plastics industry, plasticizers are among the most frequently utilized additives. The most common polymer to employ plasticizers is Polyvinyl Chloride (PVC), which is the third largest by volume after Polypropylene (PP) and Polyethylene...Read More »
The packaging design services category is anticipated to grow at a CAGR of 4% from 2023 to 2030. The packaging industry is witnessing a shift toward sustainable packaging to optimize the amount of material used. Corporate Social Responsibility (CSR) has come into the spotlight to improve brand perception in recent years. Companies are now adopting "rightsizing" as part of their CSR...Read More »
The global paraffin category is anticipated to grow at a CAGR of 4.10% from 2023 to 2030. Key factors that drive the growth of the category include growing application as a scaling agent within infrastructure and construction sectors in developing nations, increased utilization in personal care & cosmetic products, and growing application in candle production and packaging. Use of the product offered in the category also finds application in the automotive sector due to characteristics such as nature to improve lubrication and viscosity, inert in both air and moisture¸ and water...Read More »
The global medical writing category is anticipated to grow at a CAGR of 10.46% from 2023 to 2030. Growth of the category can be attributed to rising demand for regulatory writing services, increased focus on drug safety and pharmacovigilance, growing use of outside contractors for medical writing, rising emphasis on clinical research and evidence-based medicine, and shortage of proficient medical...Read More »
The global medical coveralls category is anticipated to grow at a CAGR of 7.4% from 2023 to 2030. The most important PPE in the world was the hooded disposable coveralls in 2020 - 2021. Due to the COVID-19 pandemic, there has been an increase in demand for disposable protective coveralls/apparel because of heightened awareness of self-protection. On a parent level, the PPE category is experiencing tremendous growth due to its industry-agnostic nature and varied...Read More »
The global molded pulp packaging category is anticipated to grow at a CAGR of 7.7% from 2023 to 2030. Growth of the category can be attributed to greater cost saving advantage offered by the products within the category in comparison to Expanded Polystyrene (EPS) and plastic packaging, rising need for environmentally safe and sustainable packaging options, and growing demand from end-use sectors such as electronics, food & beverage, healthcare,...Read More »
The global oleochemicals category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. Growth of the category can be attributed to high cost of petrochemicals, growing consumption of sustainable, bio-based, and renewable chemicals, and rising demand by end-user sectors such as food processing, pharmaceuticals, textiles, personal care & cosmetics,...Read More »
The managed mobility services (MMS) category is anticipated to grow at a CAGR of 23.8% from 2023 to 2030. In 2022, the North American region dominated the category with a share of 37%. An organization's MMS includes a variety of IT and workflow management services that are needed for purchasing, allocating, and maintaining tablets, smartphones, and other associated...Read More »
The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. ...Read More »
The metal finishing category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030. The process of applying a metal coating to the metallic component’s surface, usually known as a substrate, is referred to as metal finishing. A few major types of metal finishing are abrasive blasting, powder coating, electroplating, passivation, electropolishing, buff polishing, hot blackening,...Read More »
The global mechanical, electrical, and plumbing services (MEP) category is anticipated to grow at a CAGR of 11.58% from 2023 to 2030. Key drivers that fuel the growth of global category include rise of construction sector due to rapid urbanization, increasing focus on energy efficiency and sustainability of buildings, need for developed economies to improve their current infrastructure and the growing infrastructure development in emerging economies, and stringent building...Read More »
The global lab supplies category is anticipated to grow at a CAGR of 7.5% from 2023 to 2030. Growth of the category can be attributed to a rise in life science research and clinical laboratory testing, and growth in financial support and investment for biotechnology and pharmaceutical research & development. The category is anticipated to witness steady growth over the forecasted timeframe due to uninterrupted and ongoing supply of laboratory...Read More »
The global managed security services category is anticipated to grow at a CAGR of 15.4% from 2023 to 2030. It is witnessing growth owing to the factors such as rising adoption of services offered in the category due to increase in security breaches, stricter government laws pertaining to data security, rise in complex cyberattacks, growing requirement for economical & reliable platform to monitor security incidents, and rising need for security intelligence & early threat detection...Read More »
The global industrial robotics category is anticipated to grow at a CAGR of 10.5% from 2023 to 2030. Growth of the category can be attributed to increased focus on ensuring workplace safety, rising attention for increasing the productivity of assembly lines supporting high volumes, increasing need for collaborative robots across multiple industries, higher adoption of Industry 4.0, and stringent federal guidelines for handling dangerous goods and...Read More »
The injection molding services category is anticipated to grow at a CAGR of 4.8% from 2023 to 2030. The trends such as on-demand injection molding, adoption of automation, and focus on sustainability are driving the demand for the category. Rising awareness about pollution created by waste has increased the focus on sustainability within the industry. According to the Journal of Clean Production 2023 report, the category accounts for 90% of the Global Warming Potential (GWP) created by the complete molding lifecycle, majorly because of energy consumption. ...Read More »
The global iron ore category is anticipated to grow at a CAGR of 3.89% from 2023 to 2030. Growth of the category can be attributed to increased demand from manufacturing, automotive, energy and construction sectors due to increasing urbanization, and robust economic growth in emerging markets. Iron ores extracted from mines are turned into pigments that are used to produce steel, which has wide range of end-use...Read More »
The global IT asset disposition services category is anticipated to witness growth at a CAGR of 13.3% from 2023 to 2030. Key factors that drive the growth of the category include increase in electronic trash across the globe, move towards deployment of energy efficient products, increased adoption of bring your own device (BYOD) mechanism,rising acceptance and growing understanding of the benefits of cloud computing, which has led to a steady transition of services from on-premises to cloud-based, and increased awareness of the need to safeguard the...Read More »