The dairy packaging market is evaluated at US$61.436 billion for the year 2022 and is projected to grow at a CAGR of 4.82% to reach a market size of US$85.397 billion by the year 2029.
The market for dairy packaging is driven by several factors such as growing urbanization, as the population grows changing lifestyles force people to have alternative food preferences like ready-to-eat drinks and foods for easy consumption. This leads to the demand for better packaging options that will give a longer shelf life and quality foods.
The growing e-commerce business is another important factor, people need to have robust packaging options for transportation and ensure product integrity during delivery. According to trade.gov, b2c e-commerce would expand by 14.4% at the compounded annual growth rate.
Moreover, the growing consumption of dairy products is leading to the demand for dairy packaging that could ensure product safety, extend shelf life, and maintain freshness. According to the OECD data, the consumption of dairy products will expand by 20.42% by 2029 reaching the value of 554,984 kt pw (kilo tonnes per week), showing robust growth in the sector.
Cans, bottles/ containers, cartons, pouches/bags, among others are the types of dairy packaging market which are suitable for different types of products like liquid products milk, curd, yogurt, etc. Solis products like different types of cheese, paneer, etc. Semi-solid products like butter, ghee, etc. Each type is used for the regional, specific needs and availability. Cans are good for different types of milk like condensed milk, evaporated milk, etc. Bottles/Containers can be plastic or glass, it can be used for dairy products like milk, yogurt drinks, milkshakes, etc.
Based on material type the dairy packaging market is segmented into plastic, paper and paperboard, glass, and others. Plastics and glass are used for milk packaging, the glass is used for the premium packaging of the milk, to maintain better quality and looks.
Plastics are used for large supplies of milk and yogurt, they can be easily made into different shapes and sizes for different price ranges. The paper and paperboard are popular choices for the lightweight and offer good printability for branding and marketing. Others included canned products and bioplastics.
Based on product type the dairy packaging market is segmented into butter, frozen product, milk, cheese, yogurt, and others. Liquid dairy products like milk, cream, buttermilk, skim milk, etc. require packaging like cartons, bottles, pouches, and aseptic packaging. These products’ packaging depends upon perishability and ease of handling.
Yogurt packaging needed cups, pouches, and multi-serving containers. Cheese packaging includes wax paper, vacuum-sealed bags, and plastic containers. Different cheeses need different packaging like diced cheese needs thermoforming films.
Butter can be packaged in polypropylene (PP), HDPE, HIPS, PVC, PET, these are types of plastics. The shelf like butter can be increased by taking care of non-toxicity, low metallic content, and vacuum. Butter can be packaged as cans, sachets, buckets, tubes, stick packs, cups, and rolls.
Europe will hold a significant portion of the dairy packaging market as it produces approximately 150 million tonnes of raw milk each year, which is only followed by India. EU is to be the major exporter of cheese and other high-value dairy products. EU cheese exports increased significantly from 2023 with an increase of 8%, 103,586 tonnes from 96,064 tonnes in 2023.
These numbers suggest a robust production in the EU, which points to the increase in dairy packaging especially for cheese. The production of production of drinking milk has increased from 22,545.9 (000’ tonnes) to 22,613.5 in 2022, showing robust growth. The production and consumption side of the EU is supported by a strong supply chain, government intervention for better regulation, and aid for private storage is one of the mechanisms through which it protects the dairy sector. Various farmer’s organizations protect their rights and interests, where they negotiate contract terms collectively.
As a part of the report, the major players operating in the dairy packaging market, that have been covered are Huhtamaki Group, Berry Global Group, Inc., Amcor PLC, Ball Corporation, Saudi Basic Industries Corporation (Aramco Chemicals Company), International Paper Company, Winpak Ltd. (Wihuri Packaging Oy), Sealed Air Corporation, and Stora Enso Oyj.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/dairy-packaging-market
This analytics report segments the dairy packaging market on the following basis:
- By Packaging Type
- Cans
- Bottles/ Containers
- Cartons
- Pouches/Bags
- Others
- By Material
- Plastic
- Paper and Paperboard
- Glass
- Others
- By Product
- Butter
- Frozen Product
- Milk
- Cheese
- Yogurt
- Others
- By Geography
- North America
- South America
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- Aseptic Packaging Market Size
- Dairy Packaging Market Report
- Liquid Packaging Market Report
Bio PET Film Market: A New Development in Eco-Friendly Packaging
Thought ArticlesPolyethylene terephthalate, or bio-PET, is a polyester film that serves as PET’s alternative. It can be used in quite a few settings, along with automotive interiors, packaging, wrapping films, and electrical insulation. When compared to traditional PET packaging, bio-PET offers packaging that is both transparent and greater affordable. In addition to imparting excessive tensile power, dimensional stability, aroma barrier, electrical insulation, and environmental safety, it’s far less high-priced than petroleum-derived assets. The market for bio-PET film might be driven by the fashion toward bioplastics, governmental regulations, and the growing use of bio-PET film in packaging, cosmetics, prescribed drugs, and different industries. Due to the shift in various quit-use industries closer to environment-pleasant merchandise and packages, the marketplace for Bio-PET film is expected to grow during the forecast period.
Globally, the rising regard for sustainability and ecology by individuals stimulates market expansion. In addition, rising favor for bioplastics as well as government policies that are pro-bioplastic are some of the factors that contribute to the growth of bio-PET film markets including; growing usage in printing, packaging, electrical & electronics, pharmaceuticals and cosmetics industries.
Moreover, public growing concerns about plastic waste are something that is driving the bio-PET film market in the region. In the forecast period, market forecasters predict that bio-PET film demand will be boosted by government campaigns aimed at reducing overall single-use plastics usage in the country. In such government programs like “Clean India Mission”, single-use plastic wraps were banned 2022.
Global adoption Trends
Bio-PET films are widely utilized in laminating applications because of their superior optical qualities, which include high transparency and clarity. This is because they are perfect for laminating documents, cards or photos where it is necessary to keep the appearance and visibility of the underlying material unchanged. Other than that bio-PET films have no shrinkage which allows them to withstand heat and moisture without changing their original size. To avoid warping or distortion of laminated items, dimensional stability during the lamination process is essential. These films are also robust and long-lasting, immune to chemicals and temperature changes.
Moreover, the boom in the electrical industry and the increasing call for green insulating materials are associated with the developing use of bio-PET films in electrical insulation. Bio-PET movies are superb at insulating towards electric cutting-edge and have accurate dielectric features. They may be utilized in excessive-voltage applications due to their excessive dielectric energy. These films display a low dissipation element, meaning that when uncovered to alternating electrical contemporary, they lose very little power. These movies are flexible and effortlessly moldable or formed to fulfil the specific requirements of electrical additives. They additionally have low thermal expansion, can resist an extensive range of temperatures, and hold their length and shape over a huge temperature range.
End Use Case
The market in food packaging is being driven by the growing need for packaging, particularly in the food industry. The market for bio-PET is therefore anticipated to grow as a result. Growing environmental concerns and a ban on single-use plastics are causing an upward need for the use of biodegradable plastics in the packaging industry. One such prohibition is the only one made by way of the Indian government in July 2022 on generating, selling, using, importing, storing and distributing single-use plastic substances. The call for environmentally quality and biodegradable alternatives to conventional plastics, like bio-PET, is expected to grow due to those guidelines.
Further, consumer preferences toward eco-friendly products and the increasingly environmentally aware individuals are driving the demand for sustainable electronics. Manufacturers have been incorporating bioplastics in several electric and electronic equipment over worries about growing plastic waste and increasing demand for electronic gadgets.
Market Dynamics and Drivers
The market for bio-PET film has elevated as a result of developing recognition of the production and alertness of bio-primarily based PET. The European Bioplastics (Association of Bioplastics) expects there will be a massive increase in global bioplastics production capacity from 2.18 million tonnes this year (2023) to about 7.43 million tonnes by 2028.
Figure 1: Global Bioplastics Production, in 1,000 Tonnes, 2022 to 2023
Source: European Bioplastics
Japan’s government is also encouraging the use of bio-degradable plastics derived from plants as a measure to curb ocean pollution by plastics. Policies are developed by using the Japan Clean Ocean Material Alliance, or CLOMA, to promote using recycled or biodegradable plastics. Consequently, there may be a growing marketplace for bio-PET products, that is using up using bio-primarily based PET with the aid of a variety of give-up users and improving the outlook for the bio-PET movie industry.
The use of Bio-PET is common in bottling companies because many organizations are no longer comfortable using products made from non-renewable resources; hence, the increased adoption of Bio-PET packaging. Additionally, there’s an increased interest from buyers regarding biobased goods.
Bio-PET packaging is responsible for the access to clean drinking water by billions of people as well as for the development of the beverage industry. It is possible to recycle it into different kinds of products that are flexible, provisional, secure as well as light. It furthermore exerts good mechanical and barrier properties.
Key Developments
Polyamides Market is projected to grow at a CAGR of 4.8%
Press ReleasesThe polyamides market is expected to register a compound annual growth rate (CAGR) of 4.8% between 2024 and 2029.
Polyamides market is considered to a vibrant and dynamic sector, which is indispensible for many industries and propects materials science. These polyamides possess chemical resistance premium quality superior thermal stability and mechanical performance while being highly versatile effective materials.” The demand by various industries such as consumer products, automotive electronics or packaging is for more sophisticated materials hence this bait has so far been met.
Further, the demand for increasingly complex materials has been rising in different sectors such as consumer goods, automotive electronics or packaging. As a result of a steadfast need for sustainability and environmental considerations, polyamides applications on automotive gas intake manifolds have changed over time. The automotive industry might continue to rely more on polyamides because their use cuts down on weight and promotes better results, hence the future potential rise of their need.
Moreover, the development of the electronics industry is another important factor that is propelling the growth of the polyamides market. Due to the expanding electronic sector, employing materials capable of withstanding high temperatures by connectors, as well as circuit-boards will be essential. Therefore, the use of polyamides for connectors in the electronics industry is viable because they offer thermal stability that is unmatched together with self-protective or reflective properties required at very high temperatures. The electronics industry is adopting polyamides due to the growing need for durable and dependable components, as well as the growing demand for sophisticated electronic devices.
The polyamides market, by sub-resin type, is divided into four types- Aramid, Polyamide (PA) 6, Polyamide (PA) 66, and polyphthalamide (PPA). The aramix segment by type of sub-resin is expected to grow during the forecast years. This growth comes from an increase in demand for para-aramid fibers. These fibers are very useful in many areas – from friction items to safety equipment adding strength to rubber, and making optical fibers. Para-aramid fibers have a great track record. They resist chemicals, have amazing strength for their weight, and handle high heat well. These qualities make them very sought after. Sectors like electronics, electrical, space, and high-quality materials want more of these fibers. As these areas increase their use, the need for para-aramid fiber will shoot up. The desire for the best materials in various industries pushes the para-aramid fiber market to grow.
Moreover, Because of its superior qualities compared to PA 6, PA 66 is increasingly wanted in moldings under mechanical and thermal stress. This makes it suitable for high-temperature use due to a stronger and shorter bond length making denser and tighter structure. This renders it advantageous in the production of tire ropes, radiator caps, and friction bearings.
Growing environmental concerns brought on by the use of polyamides derived from fossil fuels are driving the popularity of bio-based polyamides. Flexible oil and gas hoses, carpets, tires, sporting goods, and cable jackets are just a few of the applications where their increased use is due to their superior chemical resistance, low moisture absorption rate, and higher impact strength when compared to their traditional counterparts.
The polyamides market, by end-user industry, is divided into seven types- Aerospace, automotive, building and construction, electrical and electronics, packaging, industrial and machinery, and others. The polyamides sector booms due to a surge in demand for tough light materials. Car makers top the list of polyamide users. These wonder plastics find their way into air intake parts, engine shields, valve lids, airbag housings, and more – both inside and outside vehicles. Polyamides pack a punch with their muscle, chemical toughness, and heat tolerance. This makes them a perfect fit for heavy-duty jobs. Take air intake manifolds in cars. They show how polyamides are making big waves. More and more carmakers opt for these plastics in this crucial engine part.. Before the invention of polyamides, these metal manifolds were not the best option; however, because of their lower weight, increased fuel efficiency, and lower production costs, they are now a necessity.
The Asia Pacific region is expected to witness significant growth in the polyamides market during the forecasted period. Asia Pacific boasts inexpensive workers and easy raw material access. Governments dangle tax perks, cash handouts, and looser foreign investment rules to lure big global firms and juice up manufacturing. Asia Pacific churns out more consumer stuff, packaging, and cars than anywhere else. This boom fuels the polyamide market’s growth in the area. The region’s push for green energy systems sparks a hunger for eco-friendly buildings too.
It is therefore expected that this will increase the nation’s need for bio-based polyamide. Additionally, it is anticipated that rising demand for carpets, consumer goods & appliances, electrical & electronics, and textiles will affect demand for polyamide in this region.
The research includes several key players from the polyamides market, such as BASF SE, AdvanSix, Ascend Performance Materials, Celanese Corporation, Domo Chemicals, Hangzhou Juheshun New Materials Co., Ltd., Highsun Holding Group, Koch Industries, Inc, LANXESS, RTP Company, Asahi Kasei Corporation.
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The analytics report categorizes the polyamides market using the following criteria:
Segmentation:
Saturated Kraft Paper Market: Growing Use in the Construction Industry
BlogSaturated kraft paper is a sort of specialty paper with strength and different traits crafted from sawdust. There are numerous packages for saturated kraft paper, which include floors, dividers, countertops, and storage. Because it can be recycled, saturated kraft paper has a minimal environmental impact. This paper is ideal for the construction and creation enterprise because of its many benefits, which consist of stiffness, high porosity, eco-friendliness, tear resistance, and product uniformity. Moreover, the saturated kraft paper is anti-moisture and capability as a moisture barrier. Laminates hire saturated kraft paper, which offers product consistency and uniformity. Kraft paper commonly has chemical compounds delivered to it to grow its strength, thickness, and durability.
Technological traits inside the paper industry spur innovation within the oversaturated kraft paper marketplace. Progress in chemical applications, papermaking machinery, and pulp processing methods has resulted in these qualities. The increased strength, sturdiness, and resistance to dampness of Kraft papers are derived from advanced methods of manufacture.
Further, strong, biodegradable packaging materials are needed to take care of the expanding volume of merchandise as retail places grow. Kraft paper saturation gives outlets a possible answer for product packaging that satisfies customer demand for green goods. The global expansion of the retail industry has made it necessary to saturate kraft paper to be able to meet the packaging requirements of different industries and to support sustainability, product presentation, and protection. The growth of the retail marketplace is increasing the need for packaging materials such as saturated kraft paper. This boom is creating new market opportunities.
Global Production Trends
The market is currently demanding Unbleached Kraft paper, which is very flexible and doesn’t emit any greenhouse gases during its production, thus making it an environmentally friendly packaging material. Additionally, increased use of unbleached Kraft paper in packaging coffee is another reason why revenue in this category will increase throughout the projections.
Throughout the forecast period, the bleached segment of the globally saturated Kraft paper market is anticipated to grow at a moderately rapid rate in terms of revenue. To create bleached Kraft paper, which is whiter and cleaner, the Kraft pulp is treated with bleach and other chemicals. As a result, the paper gains durability over regular brown Kraft paper.
End Use Case
Saturating kraft paper is very strong and durable: Saturating kraft paper is made from sawdust that has been stiffened enough to be elastic and withstand heavy strain. Resin or other saturating agents can be applied to these papers to improve their qualities. Saturated kraft paper has strong strength, resilience to water, and durability. Saturated kraft sheets are mostly used in residential and commercial settings. Saturated kraft paper functions as a moisture-resistant material. They can be used for worktops, cabinets, shelves, dividers, floors, panels, and more. Increased sales of saturated kraft paper are likely to result from increased use in these applications.
Moreover, the growing market of customized saturated kraft paper: Top companies offer personalized saturated kraft paper for laminate flooring to manufacturers. Unlike ceramics and other wooden materials, a laminate floor serves as a cheaper alternative. Manufacturers of laminate offer a multiplicity of design possibilities to consumers with consequent market dynamism.
Market Dynamics and Drivers
It is anticipated that consumer preferences for interior design and evolving lifestyles will drive growth in the crowded kraft paper market. Increased construction investment is anticipated in both developed and developing countries, providing saturated kraft paper manufacturers with growth prospects. Manufacturers polish plywood surfaces with decorative laminates. Laminates come in a range of textures, including stone, marble, abstract, and custom printing. The demand for laminate flooring is expected to increase along with the growth of the saturated kraft paper market due to the increasing popularity of contemporary interior design. This has also increased investment in the construction industry, for instance, the investment in Canada increased from US$19,169 million in 2021 to US$19,826 million in 2023 in the Canadian building construction industry.
Figure 1: Investment in Building Construction Industry, USD Millions, Canada, 2021 to 2023
Source: Statistics Cabada
Moreover, if clients express the need for biodegradable packaging as an alternative to plastic, the marketplace is predicted to increase even more. The growing focus on the risks related to plastic use is prompting environmentalists and legislators to pay attention to more environmentally friendly alternatives, which is encouraging enterprise expansion.
It is expected that the rising adoption of digital printing will enhance market dynamics: Saturated kraft paper is becoming increasingly popular for digital printing due to its ease of use and convenience. As a depend of truth, virtual printing has lately ended up the primary printing generation in a few industries. Companies that use kraft paper stand to advantage from every memorable unpacking experience and aesthetically fascinating and innovative packaging designs.
Key Developments
Advanced Carbon Materials Market is expected to grow at a CAGR of 8.2%
Press ReleasesThe advanced carbon materials market is anticipated to grow at a compound annual growth rate (CAGR) of 8.2% during the forecast period (2024-2029).
The carbon materials are used in the biochemical industry, whereas the advanced carbon material can be considered as the main supporting agent for the engineering and the scientific innovation landscape. The advanced carbon materials market has witnessed significant growth owing to multiple factors ranging from the increasing demand for carbon fiber-reinforced plastics (CFRP) in the construction sector to the growing technological advancements in carbon nanotubes. Advanced materials are being widely used in the construction sector, which is witnessing growth as they are essential in enhancing structural integrity and durability. As a result, this is further leading to their significant demand for advanced carbon materials like carbon nanotubes and carbon fibers.
The advanced carbon material offers various benefits to the electronics and engineering industry. These materials offer high stiffness, along with high tensile strength. The materials like carbon fiber also offer high-temperature tolerance. Several companies all across the globe are expanding their presence in the advanced carbon industry. In October 2023, Svante and BASF partnered together to expand their advanced carbon capture material portfolio. Similarly, Toray Industries Inc. also planned to expand its carbon fiber production facility in the European region in October 2023. The innovation and advancement in technologies in the advanced carbon material industry are also forecasted to boost the demand for the material forward. The Oak Ridge National Laboratory of the US, announced on November 2023, that their development in the new carbon material achieved a milestone in energy storage.
The advanced carbon materials market by product type is segmented into carbon fibers, special graphite, multi-walled carbon nanotubes, graphene, carbon foams (includes carbon nanofoams), and others (fullerenes, diamond-like carbon (DLC), nanocrystalline diamond (NCD)). Under the product type segment, the carbon fiber category in the advanced carbon material is estimated to attain the maximum share. Carbon fiber is used across multiple industries, like automotive, marine, aerospace, and defense. These materials are used to replace conventional materials and also provide increased strength, reducing the overall weight of the final product. The carbon fiber material offers high temperature tolerance, with lower thermal expansion. These are used in various high-speed automobiles, aircraft, and in various marine vessels.
The advanced carbon materials market by application is segmented into aerospace & defence, electronics, sports, automotive, construction, energy, and others. The aerospace and defense industry in the application segment of the advanced carbon material market is projected to grow at a higher rate. In the aerospace and defense industry, material like carbon fiber is used to provide the aircraft with an increased tensile strength, along with improved temperature tolerance. These materials are used in the development of various body panels, wings, and other primary structures.
Based on geography, the advanced carbon materials market is expanding significantly in the Asia Pacific region, as the region offers an advancement in the technological landscape. The region offers a few of the fastest-growing economies like India, China, and South Korea. The nations like India and China are also home to more than 2.8 billion population in the globe, increasing the need for innovation and engineering in the region. The region also offers a developing and expanding energy and electronics industry, the demand for which is growing significantly in the region. The governmental investment in further developing the electronics manufacturing landscape in the region is also estimated to push the market demand for advanced carbon materials in the region.
The research includes several key players from the advanced carbon materials market, such as Arkema, Toray Industries, Inc., CNano Technology, Anaori Carbon Co. Lt, Grupo Antolin Ingenieria S.A., Graphenano, Graphenea, CVD Equipment Corporation, Haydale Graphene Industries PLC, GrafTech International.
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This analytics report segments the advanced carbon materials market as follows:
Grain Storage Silos Market is projected to grow at a CAGR of 4.71% to reach US$1.973 billion in 2029
Press ReleasesThe grain storage silos market is evaluated at US$1.429 billion for the year 2022 and is projected to grow at a CAGR of 4.71% to reach a market size of US$1.973 billion by the year 2029.
Silos offer cost-effective, long-term storage solutions that are particularly helpful in expensive and land-constrained storage scenarios. This market segment is critical to the grain storage industry as a whole because it provides necessary storage facilities, increasing farmers’ output.
There is no food that humans eat in greater quantities than grains. Grain cultivation has been gradually increasing as production technology has advanced; however, incorrect food grain storage may result in a significant loss of grains. According to a World Bank report, India loses about 12–16 million metric tons of food grains yearly because of post-harvest losses which result in the anticipated increase in the next years of global grain silos’ market.
Further, the increased production of high-quality grain using efficient post-harvest and storage systems will lead to revenue growth for the grain silos and storage industry systems. The growing need for reasonably priced, high-capacity storage means that the market for grain silos storage will expand at a faster rate than average.
The two main market factors that will keep the growth rate high are the increasing rates of urbanization and personal disposable income. Additionally, as post-harvest losses and food waste rise, grain silos will become more popular to sell, increasing the demand for grain silos and storage solutions. A number of factors, including the rise in demand from developing countries, are expected to accelerate the development of grain silos and storage industry systems.
Moreover, one significant trend in the market is the growing attention being paid to galvanized grain silos. The process of galvanization entails coating steel with zinc to stop rusting and lengthen the silos’ lifespan. The properties of galvanized silos are reinforced and they are more resistant to corrosion. Additionally, silo manufacturers’ efforts to ensure food security and safety, as well as their reduction of grain loss, are attracting end users to the product. One such method is to have reinforced roofs on silos to ensure potential deformation.
The grain storage silos market, by type, is divided into three types- Steel silos, metal silos, and other types. It is predicted that the use of metal grain silos will increase demand for these structures because they shield grains from damage caused by pests, animals, and insects during both short- and long-term storage. Metal silos of various sizes are frequently made using galvanized steel sheets of various thicknesses. This is due to the fact that galvanized sheets are created by covering regular steel in zinc to stop oxidation. It is projected that metal grain silos’ superior food grain security will boost the silos’ sales. A flat-bottom grain silo is expected to witness significant growth in the global grain silo market.
The grain storage silos market, by product, is divided into four types- Flat bottom silos, hopper bottom silos, feed hoppers, and farm silos. During the course of the forecast period, the flat-bottom silo segment is anticipated to lead the global market for grain silos and storage systems. Because of their design, grains can be stored and recovered to maximum efficiency. When capacity is of the utmost importance, this kind of storage facility is perfect for large operations.
Flat-bottom silos are less expensive to store. Consequently, a flat-bottom silo is the ideal choice for grain storage, both in the short and long term. Flat-bottom storage is also simpler to build and allows grain to be safely kept for an extended period of time. Furthermore, there is also a growing demand for hopper bottom grain silos due to their simple unloading process, which is anticipated to boost sales.
The grain storage silos market, by commodity, is divided into six types- Rice, maize, wheat, soybean, sunflower, and others. During the forecast period, the global market for grain silos and storage systems saw the highest revenue share from the maize segment. Since maize is used in both developed and developing nations, it generates the most revenue. Additionally, it is processed into a wide range of food items and commercial products, such as fuel ethanol, starch, sweets, industrial and drinking alcohols, and maize oil. Cow feed is another application for it.
The North America region is expected to witness significant growth in the grain storage silos market during the forecasted period as it is anticipated that grain silo sales in the area will increase due to the presence of significant market players as well as the accessibility of effective grain silos, which consist of computer systems, aerators, dryers, cameras, moisture sensors, grain level sensors, electrical loaders and dischargers, and dryers. Moreover, America will require more grain silos due to the ongoing growth of grain production. More cereals like corn, wheat, sorghum, barley and oats are produced by a well-structured agricultural industry that makes this marketplace also popular with them.
The research includes several key players from the grain storage silos market, such as Rostfrei Steels, Superior Grain Equipment, Henan Sron Silo Engineering Co., Silos Cordoba, Sioux Steel Company, Skess Corporation, Nelson, Symaga, Arsenal Steel Silos, Ahrens Agri.
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The analytics report categorizes the grain storage silos market using the following criteria:
Activated Carbon Market is projected to grow at a CAGR of 7.5%
Press ReleasesThe global activated carbon market is anticipated to grow at a compound annual growth rate (CAGR) of 7.5% between 2024 and 2029.
The material has an extensive internal surface area as a consequence of which is it has many pores and hence is responsible for absorbing a variety of substances from liquids as well as gasses by possessing the pore. Because activated carbon has adsorption qualities, it can be used to remove hazardous materials and gases from flue gas, natural and industrial wastewater streams, etc. The product’s main applications include decaffeination, gold purification, metal extraction, gas purification, and air filtration systems. Moreover, powdered activated carbon is not reactivable once used and is often difficult to extract from water treatment reservoirs. Consequently, the market cannot expand due to activated carbon’s limitations as a filter.
Furthermore, the need for sewage and water treatment applications is driving up demand, which is predicted to continue growing. Of all the activated carbon types, it has the most tiny holes on its surface. These materials’ surface area increases as the number of holes increases, improving their adsorption capabilities. Typically, sewage treatment plants need this type of charcoal to clean their waste products or to purify their drinking water. It is anticipated that improvements in manufacturing technology will accelerate industrial growth.
Moreover, large manufacturing sectors generate large amounts of wastewater. There are so many harmful compounds in this water; they range from natural compounds like those that occur in plants, through man-made products or wastes which do not decompose themselves easily under natural conditions down to some elements and their compounds such as copper salts or lead oxides. For this reason, an affected person may need pure water for instance someone who had drunk untreated polluted water had some other substances dissolved out and got dehydrated as a challenge otherwise he could die due to thirst due to excessive vomiting caused by such conditions. Similarly, population explosion coupled with increased cases of environmental degradation necessitates more demand for clean water. For example, according to UNESCO, agriculture accounts for about 70% of freshwater withdrawals worldwide; industry follows at less than 20%, and residential or municipal uses account for about 12%.
The activated carbon market, by product type, is divided into three types- Powdered activated carbons (PAC), granular activated carbons (GAC), and extruded or pelletized activated carbon. PAC can remove a variety of particles, has a high adsorption capacity, and can meet a wide range of treatment objectives. Businesses such as Cabot Corporation doubled their capacity to produce activated carbon in Canada in order to meet the growing demand for PAC. The company declared that in order to meet the substantial demand for the product from the coal-fired utility sector for the removal of mercury, it would increase its production capacity of PAC by 35 million pounds annually.
Granular activated carbon is a rapidly growing market as well. This is because of its regeneration. GAC is extensively used in municipal air and water treatment facilities. The two main raw materials used in the production of GAC are coconut shell charcoal and coal.
The activated carbon market, by application, is divided into five types- Gas purification, water purification, metal extraction, medicine, and other applications. The main function of the gas phase is air filtration. Kuraray Corporation is one of the main formulators of the product for gas phase applications, among others. Products for air purification, like gas masks and air conditioners, frequently contain activated carbon. In addition, the product finds application in gas phase applications such as solvent recovery and gas separation.
The activated carbon market, by end-user industry, is divided into six types- Water treatment, food and beverage, pharmaceutical, automotive, industrial processing, and other end-user industries. The use of water treatment technology is expanding worldwide. Numerous businesses throughout the world are creating and innovating new technologies for recycling treated water. Regulations requiring businesses to use environmentally friendly materials and effective water disposal methods are expected to support the market going forward.
Moreover, the market is anticipated to benefit from growing adsorbent applications in the food and beverage processing sector. Activated carbon comes with a number of benefits, including the ability to quickly and eliminate unpleasant smells, eliminate unpleasant tastes with ease, and maintain colour stability over time. Because of these benefits, food and beverage processing uses activated carbon extensively.
The Asia Pacific region is expected to witness significant growth in the activated carbon market during the forecasted period. This is due to the fact that the Asia Pacific region offers favorable prices for both coconut shells and AC made from them. In the area, activated carbon is primarily utilized for applications related to gold mining and water purification. Due to their higher oil content, Indian dry coconuts are favored over coconuts from other Asia-Pacific nations. The Philippines, India, Indonesia, Sri Lanka, and other Asian nations are the suppliers of coconut shells to a number of significant market players, including Haycarb and Jacobi Carbons.
The research includes several key players from the activated carbon market, such as Arq, Inc., Albemarle Corporation, Cabot Corporation, CarboTech, Carbon Activated Corporation, CarbUSA, CPL Activated Carbons, Donau Chemie AG, Evoqua Water Technologies LLC, Haycarb PLC., Ingevity, JACOBI CARBONS GROUP, KURARAY CO., LTD, KUREHA CORPORATION, and Universal Carbons (India).
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The analytics report categorizes the activated carbon market using the following criteria:
Waterproofing Systems Market size worth US$15.891 billion by 2029
Press ReleasesThe waterproofing systems market is expected to grow at a CAGR of 5.63% during the forecasted period, with a market valuation of US$10.830 billion in 2022 and is expected to reach US$15.891 billion by 2029.
The waterproofing systems market is driven by quick rising urbanization and industrialization, an extension of eco-friendly waterproofing system solutions, and increasing innovative technology advancements as well as expanding infrastructure projects by many governments.
As per the report, the waterproofing systems market is expected to grow substantially.
Waterproofing systems are a combination of materials and strategies utilized to prevent water from entering a structure or building component. They are fundamental for securing buildings from water damage, which can lead to several issues, including mold development, decay, and basic failure in the structure. A diverse variety of waterproofing systems solutions are accessible by business and the finest system for a specific application depends on the particular requirement of the projects. Waterproofing systems are a vital part of any construction project. By choosing the correct system and installing it appropriately, a person can offer assistance to secure the building from water harm for years to come. The market is anticipated to encounter substantial increment due to variables such as rising investment in infrastructure, fast-growing urbanization, and industrialization, accentuation on maintainability, extreme climate events, aging infrastructure, and strict environmental controls. Governments are contributing to infrastructure projects, such as roads, bridges, and tunnels, which require vigorous waterproofing systems for performance as well as longevity. The growing focus on eco-friendly building practices is growing the requirement for innovative waterproofing system solutions with lower life-cycle costs. In addition, the rising intensity and unpredictability of extreme climate events, the need for advanced waterproofing systems rises, moreover strict environmental regulation standards are contributing to the increment in demand for effective waterproofing systems. For example, in March 2023, Bostik introduced SEAL & Block, smart waterproofing solutions for basements and rooftops across India. These system technologies are expected to work well by moisture relocation, expanding the duration, and progressing the strength of construction.
Based on the type, the market of waterproofing systems is divided into waterproofing membranes, waterproofing chemicals, and integral systems. Waterproofing membranes, cost-effective and simple to apply, offer high adaptability and tear resistance for different applications, especially in rooftops and establishments. They are well known due to their flexibility and appropriateness for new building construction and infrastructure ventures, particularly in developing economies. Waterproofing chemicals are cost-effective and eco-friendly, with a rising focus on remodeling and retrofitting existing structures. Integral systems, regularly utilized in basements and establishments, offer fabulous waterproofing properties and are in high demand in extreme climate regions.
The market of waterproofing systems by application can be categorized into building structures, roofing & walls, roadways, waste & water management, and others. The waterproofing systems market is anticipated to develop in the coming years due to the development of residential and commercial building infrastructures fuelled by expanded disposable income, and the growing focus on maintainability in building designs. Waterproofing systems are pivotal in avoiding moisture damage, mold formation, and decreased energy effectiveness, hence driving the requirement for these arrangements. Furthermore, numerous existing buildings require renovation or retrofitting, making waterproofing a basic component in these ventures, fuelling market expansion in this application section.
The global market of waterproofing systems has been growing considerably within the Asia Pacific region characterized by fast-growing economies like China and India, which are encountering quick infrastructure improvement, urbanization, and industrialization, requiring strong waterproofing solutions. As numerous existing structures are nearing the conclusion of their life expectancy, there’s a rising requirement for waterproofing frameworks to expand their service life. Governments in the region are heavily investing in infrastructure projects and executing stricter building codes, aligning with market expansion.
The waterproofing systems market is supported by key players such as BASF SE, SOPREMA S.A.S., Henkel Polybit, MAPEI S.p.A., Pidilite Industries Ltd., Tremco Incorporated, ALCHIMICA S.A., Bostik, CHRYSO, Elmich, Siplast, and STP Limited.
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This analytics report segments the waterproofing systems market on the following basis:
Protective Gloves Market is projected to grow at a CAGR of 6.95% to reach US$15.500 billion in 2029
Press ReleasesThe global protective gloves market is anticipated to grow at a CAGR of 6.95% reaching a market size of US$15.500 billion in 2029 from US$9.687 billion in 2022.
Protective gloves are designed to keep arms safe and, based on size, can cover the forearm and arm. The principal materials employed in the production of products are nitrile, vinyl, neoprene, polyethene, and natural rubber. These gloves offer protection and comfort against cuts, blisters, frictions, splinters, abrasions, skin punctures, hazardous chemical and biological contact, and infectious diseases. A lot of professionals armour themselves with protective gloves, for instance, in the military, at workplaces where machines are operated, in healthcare and elsewhere for example as firemen, divers, and drivers among others. The growth of the international industry stands to get a boost from this when considering the risks associated with specific jobs such as fire, oil drilling or construction work.
Further, approximately 18% of all concrete injuries are due to punctures, cuts and lacerations. This has been a Long Machine Text translation most workplaces have increased the use of products when working with sharp-edged materials like metals, glasses, and abrasives among other items. Across various sectors, there is a need for more encouragement regarding regulations that are aimed at lessening on-job hazards since this can increase industrial production and give hope to the manufacturers in terms of business prospects, According to US Department of Labor statistics, about 2.8 people miss work due to injuries sustained at their workplaces. Picking the right glove involves identifying the specific occupational hazard and knowing which gloves should be worn under what circumstances. A careful choice of glove material is also essential to prevent different types of injuries or hazards.
Further, governments have implemented stringent rules worldwide to protect workers’ welfare, as they know the importance of safety in workplaces. For instance, the regulations call on all staff in places like chemical processing plants, factories, hospitals and construction sites to put on industry-standard gloves and any other personal protection gear likely to be helpful. A lot of attention is put on safeguarding against illness, accidents and injury which in turn has led to strict adherence to the safety rules which makes it important for businesses to follow certain procedures such as issuing the relevant gloves that safeguard against certain dangers i.e., chemical substances, cuttings alongside abrasions. Among the international bodies that are imperative in creating and implementing these regulations include The European Agency for Safety and Health at Work as well as Occupational Safety & Health Administration (OSHA).
In addition, employers are beginning to recognize the importance of employee safety and health. The actions geared towards making the workplace a safe place not only shield the employees but also help in improving performance, morale, and general satisfaction at the place of work. For instance, workers are provided with protective gloves enabling them to work in a place without compromising their health. As a result, companies have resorted to acquiring hand gloves for workers as a way of enhancing safety measures. Employee awareness of the risks and hazards that could arise at work is growing. Businesses are focusing more on employee education programs that teach employees the importance of using safety precautions like wearing gloves.
The Protective gloves market, by material, is divided into four types- Latex, nitrile, neoprene, and others. The nitrile gloves market is expected to grow at a considerable rate in the near future. Wearers of nitrile gloves are less likely to experience latex allergies by providing hand protection for workers in a variety of application industries. Strong government regulations to lower worker accidents and preserve hygienic conditions against the risk of microbial, bacterial, and chemical contamination have increased product awareness in the manufacturing sector, which has led to an increase in product demand. The FDA’s testing necessities for gloves meant for medicinal utilization are the driving influence behind the rising demand of nitrile protective gloves today. With neoprene being a synthetic rubber composition that is chemical-resistant, it has been applied in producing gloves designed to shield workers against alcohols, hydraulic fluids, gasoline, alkalis and organic acids. Their great tensile-strength property enables them able to handle slick/wet materials securely because they lack enough abrasion, cut, snag or puncture resistance.
The Protective gloves market, by type, is divided into two types- Reusable and disposable. The use of disposable gloves works best, especially in healthcare and food processing sectors where maintenance of sanitation is needed and non-crossing over is vital since they protect against contamination as well as prevent an individual from getting dirty. Thus these things have been said to hinder disease causative agents from being transmitted even further by dividing the labourer’s skin. Furthermore, disposable gloves are easily accessible and convenient. When fresh pairs are needed, workers can quickly use them to ensure consistent protection and hygiene. This convenience is especially important in situations where changing gloves is necessary to complete tasks. Furthermore, to address latex allergies, many disposable gloves are made of latex substitutes like vinyl or nitrile. This increases their suitability for a larger group of people and lowers the possibility of negative reactions among employees.
The protective gloves market, by end-user, is divided into four types- Healthcare, food & beverage, construction, and others. All construction workers ought to wear safety gloves which are relevant to the risks they are exposed to. For example, in carpentry, masonry, welding, electrical works stands out as those mandatory. Vehicles as well as equipment often collide causing these impacts; hence workers handling such should ensure they have them. On the other hand, in handling sharp objects and materials such as glass, metal or stone a worker will have to put on those cut resistance gloves. Paint solvents and cement are some examples of the chemicals found in construction industries. You should wear gloves that resist chemicals because fire or rashes can occur if not used. The requirement for construction gloves is mostly because of the development of infrastructure projects, housing complexes, commercial buildings, and industrial installations. Consequently, there are stringent safety rules and measures that require workers to have their Personal Protective Equipment (PPE) while doing construction work and these further stimulate growth in this market.
The North American region is expected to witness significant growth in the Protective gloves market during the forecasted period due to growing health consciousness and laws mandating the use of safety gloves in several industries. The product has gained traction in the area because of stringent regulations safeguarding the health and safety of workers. The goal of the US government and the National Security Council (NSC) is to prevent any unintentional health harm. The demand for protective gloves in the area is fueled by the Department of Labor’s encouragement of the use of protective measures in high-risk areas for health.
The research includes several key players from the Protective gloves market, such as Ansell Limited, Top Glove Corporation BHD, Honeywell International Inc. (AlliedSignal), Hartalega Holdings Berhad, Kossan Rubber Industries BHD, Grainger, Supermax Corporation Berhad, 3M Company, Kimberly-Clark Corporation.
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The analytics report categorizes the protective gloves market using the following criteria:
Rising focus on cybersecurity: Key Factors influencing the Automated Breach And Attack Simulation Market Growth
Thought ArticlesAutomated Breach and Attack Simulation effectively identifies weak points and vulnerabilities in an organization’s cyber security framework while performing various attack scenarios to produce results. The technology requires easy steps for installation.
The main factors driving market growth will be the growing number of cyber threats, the increased need for compliance, and the prioritization of safety investments. Growing data warehouse services and increasing complexity in the management of security threats as well as other related factors will make growth in the market slow. Eventually, other factors will help the market expand which are the growing number of small or medium-sized businesses adopting cloud security solutions and the increasing need for operational efficiency
Further, the ABAS market is currently experiencing many significant changes because of several important trends and advancements. Machine learning (ML) and artificial intelligence (AI) are being integrated into ABAS tools which enables them to be better at counteracting dynamic security risks. For corporates to stay ahead of ever-growing threats, they should therefore take up these state-of-the-art technologies and the increasing cyber security threats.
Global Solution Trends
The market demand for breach and attack simulation is being driven by a few factors. The market for breach and attack simulation is being driven by the increasing complexity of cyberattacks. Deploying the software is subject to stringent laws enforced by the organization’s compliance standards. The market for breach and attack simulation will have plenty of room to grow as a result of increased digitization. The market’s restraints stem from internal vulnerabilities. Another major obstacle in this market is the shortage of qualified professionals. The market for breach and attack simulation is expected to grow steadily.
End Use Case
Configuration management is the process of locating, preserving, and carrying out information verification of an organization’s IT assets and configuration. Configuration management is the process of putting in place a database containing details about the company’s parts that are used in the delivery and management of its IT services. Building a reliable database with accurate information about IT components is made simpler by configuration management. The aim of configuration management tools is to deliver precise facts needed for problem resolution and incident prevention. ABAS solutions act as a way to see existing security assets by serving their primary role of helping us to understand our security configuration management. In addition to identifying configuration errors that put the systems at risk, ABAS can identify unusual changes that have been made.
Moreover, to create cutting-edge products and services, the major companies in the global automated breach and attack simulation market are actively investing in R&D. For example, Qualys introduced a brand-new cloud-based platform with automated breach and attack simulation features. InsightVM, a new product from Rapid7, offers automated vulnerability management and attack simulation features. DXC Security Automation and Orchestration, a new product from DXC Technology, offers automated breach and attack simulation features.
Additionally, Cowbell, a cyber risk insurance provider, and Sophos partnered in March 2023. Through the partnership, the company would be able to provide its customers in the United States with the best insurance provision and expedite small and medium-sized businesses access to cyber insurance coverage by opting in to share endpoint health security data.
Market Dynamics and Drivers
The global increase in cyber attacks is making the ABAS market grow. This has forced most organizations to invest in complete security solutions because of the elevated sophistication as well as increased cyber threat levels. It is within this context that ABAS plays a critical role in enhancing such defences. Moreover, IoT has witnessed massive adoption with the increasing use of digitized systems because of the fast-growing digital era. This is due to the emergence and proliferation of advanced behavioural analysis systems meant primarily for those enterprises that are after ensuring security on their multiple interconnected devices found online. In the same way, due to ever-changing attack vectors and tactics, businesses are also keen on acquiring advanced simulation tools that enable them to identify any potential cyber security threats within their infrastructure leading to increased investment in this sector. For instance, estimated costs of cyber attacks increased from US$8.44 trillion in 2022 to US$11.50 trillion in 2023.
Figure 1: Estimated Cost of Cyber Crime, in USD Trillions, Global, 2022 to 2023
Source: weforum.gov
Further, cloud-based ABAS systems improve a company’s business agility in addition to helping with cost control. This deployment model is growing at the fastest rate in the ABAS market. SMEs prefer cloud-based deployment because of its low deployment costs and ease of use. By implementing these solutions on the cloud, small businesses can assess vulnerabilities and reduce the threat landscape at a notably lower cost, improving their customer services. The cloud-based platform offers a centralized approach towards organization-wide mobile and web app security. If a company is low on financial resources regarding the investment of security, they should consider the ABAS solutions based on cloud
Key Developments
In conclusion, there are many prospects for growth in the breach and attack simulation market due to the increasing pace of digitization initiatives. Customers are increasingly favoring new technologies as a result of increased digitalization. Security risks and data breaches will rise as digitalization expands. Software for simulating breaches and attacks is essential for managing these problems. In addition, the use of IoT devices is rapidly expanding. Cyberattacks are a common occurrence with IoT devices. This serves as yet another justification for the market for breach and attack simulations. High potential for market expansion is indicated by this Breach and Attack Simulation Market Analysis. Throughout the projection period, all of these factors will continuously push the breach and assault the stimulation market.
Dairy Packaging Market is projected to grow at a CAGR of 4.82% to reach US$85.397 billion in 2029
Press ReleasesThe dairy packaging market is evaluated at US$61.436 billion for the year 2022 and is projected to grow at a CAGR of 4.82% to reach a market size of US$85.397 billion by the year 2029.
The market for dairy packaging is driven by several factors such as growing urbanization, as the population grows changing lifestyles force people to have alternative food preferences like ready-to-eat drinks and foods for easy consumption. This leads to the demand for better packaging options that will give a longer shelf life and quality foods.
The growing e-commerce business is another important factor, people need to have robust packaging options for transportation and ensure product integrity during delivery. According to trade.gov, b2c e-commerce would expand by 14.4% at the compounded annual growth rate.
Moreover, the growing consumption of dairy products is leading to the demand for dairy packaging that could ensure product safety, extend shelf life, and maintain freshness. According to the OECD data, the consumption of dairy products will expand by 20.42% by 2029 reaching the value of 554,984 kt pw (kilo tonnes per week), showing robust growth in the sector.
Cans, bottles/ containers, cartons, pouches/bags, among others are the types of dairy packaging market which are suitable for different types of products like liquid products milk, curd, yogurt, etc. Solis products like different types of cheese, paneer, etc. Semi-solid products like butter, ghee, etc. Each type is used for the regional, specific needs and availability. Cans are good for different types of milk like condensed milk, evaporated milk, etc. Bottles/Containers can be plastic or glass, it can be used for dairy products like milk, yogurt drinks, milkshakes, etc.
Based on material type the dairy packaging market is segmented into plastic, paper and paperboard, glass, and others. Plastics and glass are used for milk packaging, the glass is used for the premium packaging of the milk, to maintain better quality and looks.
Plastics are used for large supplies of milk and yogurt, they can be easily made into different shapes and sizes for different price ranges. The paper and paperboard are popular choices for the lightweight and offer good printability for branding and marketing. Others included canned products and bioplastics.
Based on product type the dairy packaging market is segmented into butter, frozen product, milk, cheese, yogurt, and others. Liquid dairy products like milk, cream, buttermilk, skim milk, etc. require packaging like cartons, bottles, pouches, and aseptic packaging. These products’ packaging depends upon perishability and ease of handling.
Yogurt packaging needed cups, pouches, and multi-serving containers. Cheese packaging includes wax paper, vacuum-sealed bags, and plastic containers. Different cheeses need different packaging like diced cheese needs thermoforming films.
Butter can be packaged in polypropylene (PP), HDPE, HIPS, PVC, PET, these are types of plastics. The shelf like butter can be increased by taking care of non-toxicity, low metallic content, and vacuum. Butter can be packaged as cans, sachets, buckets, tubes, stick packs, cups, and rolls.
Europe will hold a significant portion of the dairy packaging market as it produces approximately 150 million tonnes of raw milk each year, which is only followed by India. EU is to be the major exporter of cheese and other high-value dairy products. EU cheese exports increased significantly from 2023 with an increase of 8%, 103,586 tonnes from 96,064 tonnes in 2023.
These numbers suggest a robust production in the EU, which points to the increase in dairy packaging especially for cheese. The production of production of drinking milk has increased from 22,545.9 (000’ tonnes) to 22,613.5 in 2022, showing robust growth. The production and consumption side of the EU is supported by a strong supply chain, government intervention for better regulation, and aid for private storage is one of the mechanisms through which it protects the dairy sector. Various farmer’s organizations protect their rights and interests, where they negotiate contract terms collectively.
As a part of the report, the major players operating in the dairy packaging market, that have been covered are Huhtamaki Group, Berry Global Group, Inc., Amcor PLC, Ball Corporation, Saudi Basic Industries Corporation (Aramco Chemicals Company), International Paper Company, Winpak Ltd. (Wihuri Packaging Oy), Sealed Air Corporation, and Stora Enso Oyj.
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This analytics report segments the dairy packaging market on the following basis: