Aerosol Refrigerants Market Size & Growth

According to a research study published by Knowledge Sourcing Intelligence (KSI), the aerosol refrigerants market will expand from USD 1.256 billion in 2025 to USD 1.517 billion in 2030 at a CAGR of 3.85% during the forecast period.

With an emphasis on aerosol propellants for a range of cooling applications, the aerosol refrigerant market is a specialist product within the broader refrigeration business.  These refrigerants are appropriate for a wide range of applications, such as industrial cooling systems, automobile air conditioning, and home appliances, since they are held in pressurized containers and may be discharged as small particles or droplets.

There are several applications for aerosol refrigerants.  Since they maintain the temperatures needed for food storage and comfort, they are particularly helpful in homes in air conditioners and refrigerators.  Because they shield delicate goods from contamination during storage and transportation, aerosol refrigerants are used commercially in supermarkets and food storage facilities.  Aerosol refrigerants are also required by the automobile industry to keep cars’ climates agreeable. The growing need for energy-efficient cooling solutions is one of the main factors propelling the aerosol refrigerant market’s expansion.  The need for effective cooling solutions in the commercial, industrial, and residential sectors is constantly increasing due to rising global temperatures and fast urbanization. For example, Actrol declared in July 2024 that it plans to use Honeywell’s Solstice L40X (R-455A), an energy-efficient and low global warming potential (GWP) refrigerant, for its condensing units.

Innovation in technology improves the performance of aerosol refrigerants.  Eco-friendly formulation and application technologies can be developed by developers.  While still adhering to stringent environmental regulations, new-generation refrigerants are intended to provide much improved performance.  This industry is expanding as a result of the food and pharmaceutical sectors’ need for highly sophisticated cold chain solutions.  Because they can protect temperature-sensitive items during storage and transportation, these reliable aerosol refrigerants are increasingly significant.

The aerosol refrigerants market includes a wide range of product types including hfc-143a, hfc-32, hfc-125, sf6 and others. By end user, the market is segmented into residential, commercial, industrial, transportation.

View a sample of the report or purchase the complete study at: Aerosol Refrigerants Market Report

aerosol refrigerants market share

Aerosol Refrigerants Market Report Highlights

  • Compared to other refrigerants, the HFC-143a sector has a moderate global warming potential (GWP) and a comparatively low ozone depletion potential (ODP), which are the main drivers of its expansion.  Accordingly, its superior thermodynamic qualities and compatibility with current machinery increase its allure even more.
  • Growing rates of urbanization throughout the world are driving the rise of the residential segment in the aerosol refrigerants market, which in turn is driving up demand for residential spaces and environmentally friendly and effective cooling solutions.  The need for air conditioning and refrigeration systems has increased due to growing urban populations, which has encouraged the use of environmentally friendly aerosol refrigerants.
  • The Asia-Pacific region is expected to witness a significant increase in its market share over the forecast period. This tendency is fueled by the rapid economic growth and urbanization of nations like China and India.  Due to its wide industrial base and rising consumer spending on air conditioners and refrigeration equipment, China is the largest refrigerant market in the world.  Market expansion is also fueled by low area production costs because manufacturing becomes an alluring offer.
  • North America held a substantial share in the aerosol refrigerants market share due to the growing disposable income in countries such as the United States and Canada, which leads to the rise in spending for cooling appliances like air conditioners and refrigerators.

Report Coverage:

Report Metric Details
Aerosol Refrigerants Market Size in 2025 US$1.256 billion
Aerosol Refrigerants Market Size in 2030 US$1.517 billion
Growth Rate CAGR of 3.85%
Drivers
  • Growing Demand for Cooling Solutions
  • Technological Advancements
Restraints
  • Flammability and Toxicity Problems
  • Unstable Raw Material Prices
Segmentation
  • Product
  • End-User Industry
  • Geography
List of Major Companies in Aerosol Refrigerants Market
  • Arkema Group (Bostik SA)
  • DAIKIN INDUSTRIES Ltd
  • Dongyue Group
  • Harp International Ltd
  • Honeywell International Inc.

Aerosol Refrigerants Market Drivers and Restraints

Drivers

  • Growing Demand for Cooling Solutions: Rising demand in industries such as automotive, domestic appliances, and commercial refrigeration for efficient and portable cooling solutions is leading to the demand for aerosol refrigerants. Their ease of use and efficiency in maintenance operations make them very popular among technicians.
  • Technological Advancements: Technological innovations, including enhanced heat exchange systems and advanced leak detection systems, result in improved performance and lower energy use. The incorporation of intelligent technologies, including IoT and sensors, in aerosol refrigerant systems facilitates real-time monitoring and control, improving overall system reliability and performance.

Restraints

  • Flammability and Toxicity Problems: Refrigerants like ammonia, carbon dioxide, and hydrocarbons (HCs) are dangerous because they are flammable, corrosive, and toxic in greater concentrations. They pose safety issues that require strict handling procedures and specialized equipment, which may restrict their general use.
  • Unstable Raw Material Prices: The unpredictability of raw material prices that go into the manufacture of aerosol refrigerants may affect manufacturing costs and profitability. Manufacturers need to ride out such volatility to be able to keep their prices competitive and stabilize their supply chains.

Aerosol Refrigerants Market Key Developments

  • In May 2025, Arkema offered a range of lower global warming potential (GWP) refrigerants to the global market, increasing access to next-generation refrigerant solutions.

Aerosol Refrigerants Market Segmentation

Knowledge Sourcing Intelligence has segmented the aerosol refrigerants market based on product type, end user industry, and region:

Aerosol Refrigerants Market, By Product

  • HFC-143a
  • HFC-32
  • HFC-125
  • SF6
  • Others

Aerosol Refrigerants Market, By End User Industry

  • Residential
  • Commercial
  • Industrial
  • Transportation

Aerosol Refrigerants Market, By Region

  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Aerosol Refrigerants Market Key Players

  • Arkema Group (Bostik SA)
  • DAIKIN INDUSTRIES Ltd
  • Dongyue Group
  • Harp International Ltd
  • Honeywell International Inc.
  • Hudson Technologies
  • Koura Global
  • Navin Fluorine International Limited
  • SRF Limited

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Metal Packaging Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the metal packaging market will expand from USD 140.601 billion in 2025 to USD 163.749 billion in 2030 at a CAGR of 3.10% during the forecast period.

There has been a growing demand for canned food, ready-to-drink beverages, and alcoholic drinks such as beer, energy drinks, which is driving the market growth. The metal packaging extends shelf life and ensures safety. In January 2024, Novelis Inc. announced that it has signed a new contract with Ardagh Metal Packaging USA Corp. Novelis Inc. is a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling. Under the contract, Novelis would supply aluminum beverage packaging sheets to Ardagh’s metal production facilities in North America. This contract was in line with a new rolling and recycling plant in Bay Minette, Alabama. The plant would be the first fully integrated aluminum plant built in the U.S. in nearly 40 years. It could have an initial capacity of 600,000 tonnes of finished goods for the North American beverage packaging and automotive markets.

Further, metals like aluminum, and steel are infinitely recyclable, aligning with global circular economy goals. Tata Steel UK launched electrifying packaging steel in February 2025. Tata Steel launched its Electrifying Packaging Steel campaign, which underscores the company’s commitment to decarbonising steel production for the packaging sector using Electric Arc Furnace (EAF) technology. EAF technology significantly cuts carbon emissions while delivering the same high-quality, food-safe steel. This innovation helped retailers and FMCG brands meet sustainability targets and aligned with the growing demand for responsible packaging solutions. EAF technology would enable the production of packaging steel with 50% lower CO₂ emissions in packaging steel, and at least 50% recycled content. The company crafts steel for essential products like food, drink, and aerosol cans, and is committed to advancing a truly circular economy.

Innovations are further accelerating the market growth. AkzoNobel is helping the metal packaging industry secure a more sustainable future. Food manufacturers can now have a next-generation range of metal packaging coatings developed by AkzoNobel, which is both free of bisphenols and PVC. The SecurshieldTM 500 series of easy open-end coatings, which is designed to help can makers and their customers to regulatory requirements. With an offer that’s more sustainable and provides significantly improved performance compared with organosol-based alternatives.

Besides, in June 2024, Sonoco Products Company, a global leader in high-value sustainable packaging, announced it has agreed to acquire Eviosys, Europe’s leading food cans, ends, and closures manufacturer, from KPS Capital Partners, LP for approximately $3.9 billion. This acquisition accelerates Sonoco’s strategy to focus on and scale its businesses. Both Sonoco’s metal business and Eviosys would lead the metal food can and aerosol packaging manufacturer and with innovation and sustainability.  Eviosys was the largest metal food can manufacturing company in the EMEA region, with approximately 6,300 employees in 44 manufacturing facilities across 17 countries. Sonoco expected to achieve over $100 million of synergies from the integration of Eviosys metal can business.

View a sample of the report or purchase the complete study at: Metal Packaging Market Report

metal packaging market share

Metal Packaging Market Report Highlights

  • By type, the metal packaging market is segmented into cans, caps & closures, and others. The beverage cans have a significant demand due to beer, soda, and energy drinks.
  • The metal packaging market, by raw material, is divided into steel, aluminum, and others. Steel is a strong and cost-effective material, it prevents corrosion in food packaging.
  • By application, the metal packaging market is divided into food, beverages, cosmetics & personal care, industrial, and others. The food and beverages sector is witnessing significant demand from the growing economies of Asia Pacific. Food is driven by shelf stability and convenience.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, technology and a focus on the circular economy that have contributed to the metal packaging market in the region.

Report Coverage:

Report Metric Details
Metal Packaging Market Size in 2025 US$140.601 billion
Metal Packaging Market Size in 2030 US$163.749 billion
Growth Rate CAGR of 3.10%
Drivers
  • Growing Demand from the Food and Beverage industry:
  • Sustainability Trend
Restraints
  • High Cost
  • Volatility of Raw Materials
Segmentation
  • Type
  • Raw Material
  • Application
  • Geography
List of Major Companies in Metal Packaging Market
  • Ball Corporation
  • Crown Holdings Incorporated
  • Silgan Holdings Incorporated
  • Can-Pack SA
  • CCL Container Inc

Metal Packaging Market Growth Drivers and Restraints

Drivers:

  • Growing Demand from the Food and Beverage industry: One of the major drivers is growing demand for metal packaging in the food and beverage industry due to its protective qualities against moisture, light, and contamination, ensuring longer shelf life for products like canned foods, ready-to-drink (RTD) beverages, and processed items.
  • Sustainability Trend: One of the key primary market drivers for the metal packaging is the growing sustainability focus on the environment. The global consumer and regulatory emphasis on the use of environmentally sustainable and circular economy initiatives is fuelling the demand for metal packaging, particularly aluminum and steel. This growing sustainability is met by the regulatory landscape of various governments as well, putting regulatory requirements, driving the metal packaging.

Restraints:

  • High Cost: Metal packaging requires a high initial cost due to the requirement of advanced manufacturing equipment and aligning with the stringent regulations. This high initial cost acts as a key barrier, particularly for SMEs, limiting market entry and expansion. At the same time, metal packaging puts a higher cost burden on companies, increasing the price of the product, which substantially lowers the demand. With the advanced cost of production, the price burden translated to the company’s increasing cost.
  • Volatility of Raw Materials: Metals like aluminium and steel are influenced by global supply chain disruptions, geopolitical tensions, and trade policies, making raw material prices volatile for manufacturers.

Metal Packaging Market Developments

  • Strategic Collaboration: On July 29, 2025, RUSAL and AB InBev Efes launched Russia’s first low-carbon aluminium beverage can produced with a mix of low-carbon primary aluminium, recycled aluminium scrap (over 50%), and RUSAL’s inert anode technology (ALLOW INERTA).

Metal Packaging Market Segmentation

Knowledge Sourcing Intelligence has segmented the global Metal Packaging Market based on type, raw material, application, and region:

Metal Packaging Market, By Type

  • Cans
  • Caps & Closures
  • Others

Metal Packaging Market, By Raw Material

  • Steel
  • Aluminum
  • Others

Metal Packaging Market, By Application

  • Food
  • Beverages
  • Cosmetics & Personal Care
  • Industrial
  • Others

Metal Packaging Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

Metal Packaging Market Key Players

  • Ball Corporation
  • Crown Holdings Incorporated
  • Silgan Holdings Incorporated
  • Can-Pack SA
  • CCL Container Inc
  • Orora Limited
  • Daiwa Can Company
  • Hoe Chong Tin Pte Ltd
  • Sonoco Products Company
  • Ardagh Metal Packaging
  • Amcor
  • Mauser Packaging Solutions
  • Tetra Pak International SA
  • Trivium Packaging
  • Avon

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

CBD Pet Care Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the CBD pet care market will expand from USD 3,384.49 million in 2025 to USD 6,144.57 million in 2030 at a CAGR of 12.67% during the forecast period.

The market is growing in demand due to the increasing humanization of pets, along with rising awareness of the benefits associated with the use of CBD in pets. Additionally, the companies are increasing investment in the strategies for research and development of new products, which align with rising demand by consumers, boosting the market during the projected period.

In addition, the rise in pet owners regarding their pets as part of the family is leading to owners willingly spending on premium and health-focused pet care products like CBD-infused food products and treats. Further research on the advantages of CBD, which could be beneficial in providing relief from anxiety and pain for pets as they have anti-inflammatory properties, will also increase the demand for CBD pet products. The manufacturers are also scaling CBD product production and distribution due to the legalization of hemp-derived CBDs that are low in THC, which will promote the market globally.

View a sample of the report or purchase the complete study at: Global CBD Pet Care Market Report

cbd pet care market share

CBD Pet Care Market Report Highlights

  • The hemp segment is estimated to attain greater market share by 2030 in the source segment. The segment is experiencing growth due to its property of producing a higher concentration of CBD content along with the legality of hemp-derived CBD in various countries is also making the accessibility of this segment easy. Further, the CBD products that are derived from hemp sources are safer for pet consumption compared to other sources as they have a lower amount of THC, which does not cause intoxication to pets.
  • The food segment is the fastest-growing segment in the grade of the global CBD petcare market because the growing consumers are demanding CBD-infused food products like chews and treats as they are palatable and provide a convenient option for the incorporation of CBD in their pet’s routine. Moreover, CBD in food grade is easier to administer in dogs’ meals than pharma-grade product, which appears to be intimating to pets.
  • The dog segment is the dominating segment in the market in the animal type segment due to its large ownership globally, as they are increasingly preferred in households. Moreover, dogs are witnessed to experience diverse health issues like anxiety, pain, and seizures, which will grow the demand for CBD pet care medication. There is a wide range of CBD products that are specifically meant for health issues related to dogs.
  • The online channel held segment is expected to witness fast growth in the CBD petcare market in the distribution channel due to the segment offering convenience, having global reach, and growing consumer accessibility on online platforms. Pet owners are growing the purchase of these products from their homes while companies are offering attractive discounts, and other additional offers are also contributing to this segment expansion.
  • North America held the largest global CBD petcare market share on account of the growing pet ownership in regional countries such as the United States and Canada, leading to a rise in the demand for pet care products like CBD products. Further, a favorable environment is provided by law for the production and sale of hemp-derived CBD products in the region. With growing research studies on the advantages of CBD for pets, more pet owners are adopting these products. in turn, boosts market growth.

Report Coverage:

Report Metric Details
CBD Pet Care Market Size in 2025 US$3,384.49 million
CBD Pet Care Market Size in 2030 US$6,144.57 million
Growth Rate CAGR of 12.67%
Drivers
  • Increased Need for Natural and Holistic Pet Health
  • Product Innovation and Diversification
Restraints
  • Regulatory and Legal Uncertainty
  • High Price and Low Consumer Knowledge
Segmentation
  • Source
  • Grade
  • Animal Type
  • Distribution Channel
  • Geography
List of Major Companies in the CBD Pet Care Market
  • HempMy Pet™
  • Canna-Pet®
  • Honest Paws, LLC
  • HolistaPet
  • Pet Releaf

CBD Pet Care Market Drivers and Restraints

Drivers

  • Increased Need for Natural and Holistic Pet Health: Increased pet ownership and pet humanization are fueling demand for natural solutions to well-being. Products based on CBD are increasingly being sought after as alternatives for treating pet anxiety, pain, inflammation, and overall well-being, aligning with the movement toward holistic pet health.
  • Product Innovation and Diversification: Firms are launching CBD-infused treats, oils, capsules, and topical products customized for varying pet needs. Formulation innovations like flavor masking and dosage accuracy enhance pet acceptance and owner trust, further stimulating market growth.

Restraints

  • Regulatory and Legal Uncertainty: Uncoordinated worldwide regulations for CBD application in pet commodities hinder manufacturers and distributors. The lack of vet-approved standards prohibits larger-scale adoption since pet owners are reluctant without explicit professional advice.
  • High Price and Low Consumer Knowledge: CBD pet care products are generally pricier than traditional equivalents, thus less affordable in price-sensitive markets. Also, low awareness and doubts regarding CBD’s safety and efficacy for animals limit wider acceptance.

CBD Pet Care Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global CBD Pet Care Market based on source, grade, animal type, distribution channel, and region:

Global CBD Pet Care Market, By Source

  • Cannabis
  • Hemp

Global CBD Pet Care Market, By Grade

  • Food
  • Pharma

Global CBD Pet Care Market, By Animal Type

  • Dog
  • Cat

Global CBD Pet Care Market, By Distribution Channel

  • Online
  • Offline

Global CBD Pet Care Market, By Region

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others

CBD Pet Care Market Key Players

  • HempMy Pet™
  • Canna-Pet®
  • Honest Paws, LLC
  • HolistaPet
  • Pet Releaf
  • Joy Organics
  • CBD Store India
  • ItsHemp
  • Quirst
  • Hempstrol
  • Hempiverse
  • Cannoza

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Onshore Drilling Fluids Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the onshore drilling fluids market will expand from USD 6.006 billion in 2025 to USD 7.981 billion in 2030 at a CAGR of 5.87% during the forecast period.

The major driver behind the onshore drilling fluids market is the growing drilling activities worldwide. Petrobras launched a bidding process to contract four large rigs to drill oil and gas production wells onshore in the fields in August 2024. Further, in February 2025, Arabian Drilling and Shelf Drilling, Ltd. announced the signing of an MOU to form a strategic alliance. This was aimed at deploying some of Arabian Drilling’s premium jack-up rigs internationally and expanding the reach and capabilities.

By combining resources, technical expertise, and operational excellence, the alliance would deliver significant results. Moreover, Saipem completed the transfer to KCA Deutag of the assets corresponding to 44 onshore rigs in Latin America, for a consideration of approximately 40 million USD. The transfer was part of the agreement signed with KCA Deutag in June 2022 for the sale of the entire onshore drilling business. The developments, along with the government incentives for domestic oil & gas production, is driving the market at a significant pace.

According to OPEC, the number of wells completed has increased year-on-year from 46,305 in 2020, 51,924 in 2021, and 60,029 in 2022. Drilling fluids help to reduce wellbore instability issues and lowering costs. Increased focus on extended-reach drilling and horizontal wells, driving demand for advanced fluids.

The companies are significantly investing in the onshore drilling technologies. Halliburton is at the forefront of the drilling and completion fluids industry. They develop and deploy innovative fluid technologies. They make advanced separation solutions for maximum performance. BaraHib high-performance water-based fluids a water-based systems that carry the conveniences of water and the performance of oil. Further, BaraFLC Nano-1 reduced dilution rates, lowered fluid viscosity, and tightened filtration rates during a 22-day interval with maximum downhole temperature >300ºF. It was used in a major operation in Oman. Halliburton Baroid customized BaraHib Nano drilling fluid using a wellbore sealant as the main fluid loss agent. BaraFLC Nano-1 wellbore sealant replaced the high-temperature synthetic fluid loss polymer from the formulation.

Further, Baker Hughes Company delivers deepwater, onshore, shale, reservoir drill-in, high-pressure/high-temperature, and geothermal services for the intelligent fluid formulations in different environments. Their portfolio spans drilling fluids, completion fluids, and fluid waste management technologies.

View a sample of the report or purchase the complete study at: Onshore Drilling Fluids Market Report

onshore drilling fluids market share

Onshore Drilling Fluids Market Report Highlights

  • By product type, the onshore drilling fluids market is divided into oil-based, synthetic-based, water-based, and others. The water-based ones are cost-effective and environmentally friendly. Synthetic-based drilling fluids are popular in most offshore drilling areas, despite high initial costs, because of their environmental acceptance and approval to dispose of cuttings into the water.
  • By well type, the onshore drilling fluids market is divided into HPHT and conventional. Halliburton’s BaraXtreme water-based drilling fluid system was designed using new synthetic polymer technology in high-temperature/high-pressure (HTHP) drill projects. It functions as a clay-free HPWBM, which avoids high-temperature gelation. This fluid composition also serves to minimize wellbore damage.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by industrialization and urbanization and investment in countries like China and India. These countries are investing on the onshore drilling technologies.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, increasing demand for oil and gas, and technology and operational breakthroughs that have also contributed to onshore drilling fluids in the region.

Report Coverage:

Report Metric Details
Onshore Drilling Fluids Market Size in 2025 USD 6.006 billion
Onshore Drilling Fluids Market Size in 2030 USD 7.981 billion
Growth Rate CAGR of 5.87%
Drivers
  • U.S. Federal Onshore Lease Expansion Lowers Permitting Hurdles
  • Namibia’s First Local Mud Plant Reduces Supply Delays
Restraints
  • Secret Use of Toxic Fracking Chemicals Risks Regulation Backlash
  • Fluid Waste Disposal Remains Complex and Costly
Segmentation
  • Product Type
  • Well Type
  • Geography
List of Major Companies in Onshore Drilling Fluids Market
  • Baker Hughes
  • Castle Harlan Inc.
  • Secure Energy Services
  • Global Drilling and Chemicals
  • Sagemines

Onshore Drilling Fluids Market Growth Drivers and Restraints

Drivers:

  • S. Federal Onshore Lease Expansion Lowers Permitting Hurdles: The new policy requires quarterly onshore lease sales in certain states and lowers royalty rates, creating more certainty for drilling operators and promoting further fluid demand.
  • Namibia’s First Local Mud Plant Reduces Supply Delays: Baker Hughes is constructing the country’s first liquid mud plant, which will improve supply chains, reduce costs, and enhance the availability of local drilling fluid.

Restraints:

  • Secret Use of Toxic Fracking Chemicals Risks Regulation Backlash: Oil companies in Colorado have been injecting undisclosed chemicals, sometimes toxic chemicals, leading to community health and regulatory concerns and possibly eliminating or constraining the usage of their drilling fluids altogether.
  • Fluid Waste Disposal Remains Complex and Costly: There are strict regulations around management and disposal of drilling fluid waste and the environmental impact these cause- lead to high costs for operators around compliance and waste management.

Onshore Drilling Fluids Market Key Developments:

  • ADNOC Drilling agrees to acquire 70% of SLB’s onshore rig operations in Oman and Kuwait, boosting regional drilling support capabilities.
  • S. Federal Onshore Lease Expansion Reduces Permitting Hurdles: The new policy mandates quarterly onshore lease sales in certain states and lowers royalty rates, providing greater certainty for drilling operators and fostering increased demand for drilling.

Onshore Drilling Fluids Market Segmentation

Knowledge Sourcing Intelligence has segmented the global onshore drilling fluids market based on product type, well type, and region:

Onshore Drilling Fluids Market, By Product Type

  • Oil-based
  • Synthetic-based
  • Water-based
  • Others

Onshore Drilling Fluids Market, By Well Type

  • HPHT
  • Conventional

Onshore Drilling Fluids Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Onshore Drilling Fluids Market Key Players

  • Baker Hughes
  • Castle Harlan Inc.
  • AMC Drilling Fluids & Products (Imdex Ltd.)
  • Secure Energy Services
  • Global Drilling and Chemicals
  • Sagemines
  • Halliburton Company
  • Schlumberger
  • National Oilwell Varco
  • Total Energies
  • Petra Industries Global L.L.C

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Graphite Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the global graphite market is projected to grow from USD 15,902.732 million in 2025 to USD 24,932.133 million by 2030, at a CAGR of 9.41% during the forecast period.

The market is expanding due to the increasing adoption of electric vehicles (EVs) worldwide. Graphite is a critical material in lithium-ion batteries, which are essential for EV functionality. Its properties make it well-suited for high-performance batteries. The demand for energy storage technologies has surged with the growth of renewable energy projects, making graphite valuable in aerospace, where weight and strength are key considerations.

Additionally, the rising production of smartphones and tablets, which utilize graphite in batteries and other components, is another key driver. The steel industry, particularly in Asia and the Middle East, relies heavily on graphite for electric arc furnaces. The expansion of nuclear power generation, aligned with the trend toward cleaner energy sources, also contributes to market growth. Advances in graphite technology, refinement, and processing continue to enhance the quality and availability of graphite, further driving market expansion.

➥ View a sample of the report or purchase the complete study at: Graphite Market Report

graphite market share

Graphite Market Report Highlights

  • Natural Graphite Segment: The natural graphite segment is expected to capture a larger market share by 2030. This segment is experiencing high demand from lithium-ion battery applications due to its affordability and environmental sustainability, making it a vital component in EVs and renewable energy storage systems. The smaller carbon footprint of natural graphite during production further supports its sustainability. Advances in purification and material modification techniques are improving the performance of natural graphite, leading to new applications in various industries and technologies.
  • Batteries Segment: The batteries segment is the fastest-growing application in the global graphite market, driven by the increasing demand for high-quality graphite. Graphite is a critical component in lithium-ion battery anodes, which are essential for EV performance. The growing emphasis on renewable energy has heightened the need for efficient energy storage systems. Lithium-ion batteries, which use graphite to store energy from renewable sources like solar and wind, are significantly contributing to the growth of this segment.
  • Steel Industry Segment: The steel industry dominates the end-user segment due to the extensive use of graphite electrodes in steel production processes. Rising steel demand has increased the need for graphite electrodes in electric arc furnaces, which are more sustainable than traditional blast furnaces. Graphite electrodes are essential due to their high conductivity and thermal resistance. Government mandates and investments in constructing new steel-making facilities and upgrading existing ones to enhance local production capabilities are further driving demand for graphite electrodes.
  • North America: North America holds the largest share of the global graphite market, driven by growing demand for EVs, domestic production initiatives, government support, and widespread applications across industries. The increasing adoption of EVs in countries like the USA and Canada has heightened the need for graphite, particularly as a critical material in lithium-ion battery anodes. Supportive government policies, such as the Inflation Reduction Act, promote domestic EV production and battery manufacturing, further boosting market growth.

Report Coverage:

Report Metric Details
Graphite Market Size in 2025 USD 15,902.732 million
Graphite Market Size in 2030 USD 24,932.133 million
Growth Rate CAGR of 9.41%
Drivers
  • Increase in Steel Production
  • Expansion of Electric Vehicles
Restraints
  • Supply Concentration & Resource Scarcity
  • Price Volatility & Cost Challenges
Segmentation
  • Type
  • Application
  • End-User
  • Geography
List of Major Companies in Graphite Market
  • Triton Minerals Ltd
  • Volt Resources Limited
  • Hexagon Energy Materials Limited
  • Mason Graphite
  • Focus Graphite Inc.

Graphite Market Growth Drivers and Restraints

Growth Drivers:

  • Increase in Steel Production: Graphite is essential in the steel industry for electric arc furnace electrodes and as a refractory material in high-temperature industrial processes, enhancing steel quality.
  • Expansion of Electric Vehicles: The growing adoption of EVs is increasing the demand for renewable energy storage, thereby boosting the need for graphite. Lithium-ion batteries, which rely on both natural and synthetic graphite, are driving demand in battery manufacturing.

Restraints:

  • Supply Concentration & Resource Scarcity: Limited graphite reserves and processing capacity create supply chain constraints and competitive instability.
  • Price Volatility & Cost Challenges: While natural graphite offers cost advantages, its supply is constrained. Synthetic graphite production, which requires high temperatures, is sensitive to global energy price fluctuations, posing cost challenges for manufacturers.

Graphite Market Key Developments

  • Collaboration: In July 2025, Graphite One announced a strategic collaboration with Lucid Group, Inc. for electric vehicle manufacturing. The agreement includes Graphite One supplying both natural and synthetic graphite to Lucid Group.
  • Product Launch: In February 2025, Northern Graphite announced the launch of a demonstration-grade graphite-based battery anode material for use in electric vehicles.

Graphite Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Graphite Market based on type, application, end-user, and region:

Graphite Market, By Type

  • Natural
  • Synthetic

Graphite Market, By Application

  • Lubricants
  • Batteries
  • Writing Material
  • Refractory
  • Nuclear Rectors
  • Graphene Sheets

Graphite Market, By End-User

  • Automotive
  • Energy & Power
  • Steel
  • Electronics
  • Aerospace
  • Others

Graphite Market, By Region

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others

Graphite Market Key Players

  • Triton Minerals Ltd
  • Volt Resources Limited
  • Hexagon Energy Materials Limited
  • Mason Graphite
  • Focus Graphite Inc.
  • NextSource Materials Inc.
  • SGL Carbon
  • Mersen Corporate Services SAS
  • Tokai Carbon Co., Ltd.
  • Toyo Tanso Co.,Ltd.
  • CM Carbon
  • NovoCarbon
  • Ceylon Graphite Corp.
  • China Carbon Graphite Inc.

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Botanical Ingredients Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report,the botanical ingredients market is estimated at US$206.538 million in 2025 and is expected to grow at a CAGR of 7.14%, attaining US$291.538 million by 2030.

The botanical ingredients market is driven by increasing demand for botanical ingredients such as oils like coconut oil, jojoba oil, argan oil, and others; extracts like chamomile, green tea, and others; powders such as fruit and vegetable powder, and others such as beeswax and essential oils due to rising demand of consumers for natural and organic products for skincare, dietary supplements, functional foods and in other products. Thus, the growing health and wellness trend and increasing demand for natural and organic products in personal care are the major factors driving the market growth.

The market is witnessing a transformative shift towards tailored botanical solutions for catering to the growing demand for functional foods and dietary supplements due to a surge in demand for health and wellness products. The market is expanding into the emerging regions of Asia-Pacific to tap into the traditional culture of botanical use in daily life, where consumers are increasingly able to embrace high-quality, plant-based, premium botanical products due to the rise in disposable income. Additionally, the market is trending towards increasing use of staple ingredients in food, beverage, and supplement innovations.

The market is also transforming because of increasing product innovation, which is driving the market. There are advanced extraction technologies, such as supercritical fluid extraction and nanoencapsulation, which improve the purity of the ingredients, making them ready for new product formulations. There are increasingly new applications of botanical ingredients in botanical-infused serums, moisturizers, and anti-aging products. It is finding its emerging applications as natural flavors, colors, and preservatives in foods and beverages. Besides, the growing e-commerce boom and advancement in biotechnology are reshaping the market by increasing market accessibility and enabling the production of more efficient and cost-effective ingredients, respectively.

➥ View a sample of the report or purchase the complete study at: Botanical Ingredients Market Report

Botanical Ingredients Market Report Highlights

  • There is growing demand from personal care and cosmetics, dietary supplements, and functional foods.
  • The market is witnessing advancing techniques of ingredient extraction, improving its purity and bioavailability for new product formulations.
  • The market is shifting towards sustainably sourced botanical ingredients.
  • The market is growing into emerging regions such as Asia-Pacific, leveraging on its growing disposable income and deep-rooted botanical ingredients use culture.
  • The growing market of herbal medications is also offering huge opportunities for the market to grow.
  • Countries like India and China will be growing at a significant rate.

Botanical Ingredients Market Segmentation

Knowledge Sourcing Intelligence has segmented the global Botanical Ingredients Market based on Type, Ingredient source, Application, and Region:

Botanical Ingredients Market, By Type

  • Plant Extract
  • Essential Oils
  • Others

Botanical Ingredients Market, By Ingredient Source

  • Herbs
  • Roots
  • Leaves
  • Seeds
  • Nuts
  • Berries
  • Others

Botanical Ingredients Market, By Application

  • Food and Beverage
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Animal Care
  • Others

Botanical Ingredients Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • South Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Botanical Ingredients Market Key Players

  • Botanical Ingredients Ltd.
  • Kerry Group plc
  • ADM
  • International Flavors & Fragrances Inc
  • DSM-Firmenich
  • MartinBauer
  • Bell Flavors & Fragrances, Inc.
  • Givaudan
  • Döhler GmbH
  • Euroma
  • Nutrasorb, LLC
  • Ingex Botanicals
  • Botanic Healthcare
  • Phyto Life Sciences Pvt. Ltd.
  • Vinayak Ingredients (INDIA) Pvt. Ltd.

Report Coverage:

Report Metric Details
Growth Rate CAGR of 7.14%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Type, Ingredient Source, Application, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Botanical Ingredients Market Botanical Ingredients Ltd., Kerry Group plc, ADM, International Flavors & Fragrances Inc, DSM-Firmenich
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Introduction To Chemical and Mechanical Recycling  

The unfurling of technology has changed the face of waste management, with technology being the forefront of development as well as climate strategy. Methods of waste management like landfilling and incineration have become obsolete and must be considered not only because of the difficulty and stressful work of managing the waste, but also because of its repercussions, like methane production and leachate production, along with the destruction of reusable materials. In this regard, incineration and landfilling are not only difficult and stressful, but they are also destructive to reusable materials of great value. Considering the accelerated rate of consumption and increasing population, there is an enormous need for the expansion of the circular economy. This paradigm also includes the reuse and recycling of plastics. For the management of plastic waste, these methods of recycling are the critical answers. In the 21st century, these two methods of recycling are not only a change towards a positive and critical approach to waste management but also expanding the circular economy approach of the world.

The following factors are propelling chemical and mechanical recycling across different sectors:

  • Stringent environmental regulations are driving industries to adopt sustainable recycling solutions.
  • Extended Producer Responsibility (EPR) mandates are pushing companies to manage post-consumer waste.
  • Rising demand for recycled content is prompting manufacturers to source secondary materials.
  • Technological advancements are improving recycling efficiency and expanding material compatibility.
  • Circular economic goals are encouraging industries to close material loops.
  • Volatility in virgin material prices is making recycled alternatives more attractive.
  • Brands are incorporating post-consumer recycled materials to meet consumer demand.
  • In separate sectors, specific waste-related challenges have become driving factors which are per the nature metallurgical and can witness specialized recycling solutions for those sectors.
  • Recycling infrastructure is growing at an increasing pace, increasingly encouraged by governmental incentives / subsidies.
  • Corporate sustainability commitments are leading to broader consolidation and investments in recycling technologies.
  • Chemical recycling innovations are enabling challenges to process complex and contaminated plastics.
  • Improved mechanical recycling technology is increasing the quality and consistency of recycled material outputs.

Mechanical Recycling: An Essential Method for Recovering Waste

Mechanical recycling is the most controlled and used division of recycling. It consists of the physical treatment of plastic waste without intervening in its basic chemical constitution. The plant operations include collection, sorting, washing, shredding, melting, and remolding. The material is used to develop new products, such as textiles, construction materials, and containers, after reprocessing.

The process works quite well with mono-material plastics like PET and HDPE, which are found in beverage bottles and detergent containers. To prevent contamination, mechanical recycling requires clean and well-sorted trash. Due to the passage of time, there is a possibility of polymer chain breakage, which may result in a loss of output quality. Despite the many downsides mechanical recycling may have, it is, without a doubt, the best available first option to reduce plastic waste as it is ready for use in the industry, has an existing framework, and is inexpensive.

Chemical Recycling: A Revolution in Circularity Technology

Chemical recycling, unlike mechanical recycling, employs chemical reactions to depolymerize the plastics into their elementary chemical building blocks or primary monomers. Highly complex and contaminated plastic waste can be transformed into valuable chemical feedstocks through processes such as pyrolysis, gasification, depolymerization, and solvolysis. Subsequently, these feedstocks may be processed into industrial chemicals and fuels or re-polymerized into fresh, virgin-quality plastics.

Chemical recycling enables the processing of plastics that are hard to recycle, such as composite materials, polystyrene, and multi-layer packaging. In addition, it can be infinitely recyclable if optimized and conducted under a renewable energy supply. The chemical recycling method has drawn much attention from governments and industry keen to close the loop on plastic usage while being in its infancy stage in many countries. It is the essential tool to help overcome all the disadvantages that mechanical recycling may have since it offers the potential to transform mixed, unclean, or degraded plastic waste into high-quality outputs.

Mechanical Recycling’s Benefits for the Circular Economy

Mechanical recycling is appreciated for being simple, less costly, and able to conserve natural resources. It reduces the emission of greenhouse gases and sustenance for the virgin material by transforming waste material into new products. Enhanced environmental, social, and governance (ESG) profiles and reduced costs on raw material procurement are good for industries.

Mechanical recycling also boosts local economies by generating jobs in processing, sorting, and collection. Mechanical recycling schemes may significantly cut landfill usage, shield marine environments from plastic pollution, and prolong product lifecycles when combined with compelling regulatory incentives and public awareness campaigns. To increase its effectiveness, sorting technologies, labeling systems, and product design, such as recycling-friendly design, must be continuously improved.

Chemical Recycling’s Benefits as a Complementary Approach

Chemical recycling bridges important gaps in mechanical processes, particularly when managing polluted or complex waste streams. It provides a closed-loop recycling pathway for materials that were previously thought to be unrecyclable by enabling the breakdown and reuse of polymers that would otherwise be landfilled or burned.

Chemical recycling is rapidly emerging as a practical solution for producing virgin plastic due to the increasing demand for high-purity recycled materials, especially in food-grade uses. This method can produce plastics that meet the necessary safety and quality standards required in sensitive sectors like food packaging and pharmaceuticals. Despite the current high costs and significant energy requirements for implementation, technological advancements and improvements in scalability are reducing expenses and enhancing the efficiency of these processes.

Combining the Two Approaches in Sustainable Waste Management Systems

A mechanical and chemical recycling combination makes a stronger, larger recycling setup. Mechanical recycling for clean, large streams of recyclable plastics, and chemicals for the leftovers of waste that are colored, composite, or dirty. This dual effect has positive impacts on subsequent raw materials, avoids environmental leakage, and increases total recycling rates.

Money is also being invested in hybrid systems combining aspects of both. A municipality could, for example, operate mechanical recycling units for everyday waste streams and support private chemical recycling plants through tax incentives and regulations. This layered infrastructure creates a more nimble and effective system that can handle the diversity and complexity of modern trash.

Participation of Industry, Innovation, and Policy

Regulations are an important stepping stone to take when increasing recycling technology. Drivers such as statutory minimum recycled content requirements, extended producer responsibility (EPR) and landfill levies are all nudging the recycling pendulum more towards encouraging both mechanical and chemical recycling solutions. High recycling targets can be found in the EU’s Circular Economy Action Plan, and in countries such as the US and across Asia are embarking on regional plans to enhance their recycling infrastructure.

In terms of innovation, companies such as Loop Industries, Eastman Chemical, and Carbios are leading the charge in creating new chemical recycling methods. At the same time, organizations like Veolia, SUEZ, and Republic Services continue to enhance mechanical recycling processes by utilizing robotics, blockchain for traceability, and AI-powered sorting systems. By collaborating, government entities, businesses, and academic institutions can establish a sustainable waste management framework that leverages the benefits of both types of technologies.

Environmental Effects and Worldwide Importance

There are several environmental benefits of the advanced recycling systems. They are critical for reducing greenhouse gas emissions, conserving energy and water, and preventing plastic pollution on land and in oceans. When resource scarcity and climate change loom large, effective recycling methods help countries meet their carbon reduction targets and move towards being net-zero economy.

In addition, recycling relieves pressure on the extraction enterprises, which means a lower ecological footprint from mining and drilling. It also helps safeguard ecosystems that would otherwise be disturbed through resource extraction and promotes biodiversity conservation. This dual recycling strategy can offer a model for sustainable production and consumption that countries worldwide can follow (UN Sustainable Development Goals, SDG 12).

Overcoming Obstacles for Future Scalability

The road to broad adoption is paved with obstacles, even with notable advancements.  While chemical recycling is still expensive and energy-intensive, mechanical recycling still has contamination issues and limited recyclability.  In many underdeveloped nations, adoption is further hampered by a lack of infrastructure, little backing from policymakers, and low public awareness.

Standardized material labeling, public-private collaborations, infrastructure investment, and education initiatives are crucial to removing these obstacles.  Technologies need to improve in terms of effectiveness, economic viability, and accessibility.  Integrating product design with end-of-life recovery and guaranteeing a steady supply chain of recyclable materials are two other crucial actions.

The following companies deliver solutions in the field of chemical and mechanical recycling:

  • Veolia: Global environmental services provider Veolia is a significant player in the mechanical recycling sector, especially in North America, Asia, and Europe. The business collects, sorts, and processes post-consumer plastics, paper, metals, and glass at its dozens of material recovery facilities (MRFs). To improve the efficiency of material recovery, Veolia has made significant investments in cutting-edge sorting systems that use robotics and artificial intelligence. Additionally, the business collaborates with well-known consumer companies to offer closed-loop recycling solutions, particularly in the packaging industry. Veolia promotes circularity with its “Resourcer” strategy, which provides end-to-end services from garbage collection to the provision of premium recycled raw materials.
  • Eastman Chemical Company: Eastman is a major pioneer in the field of chemical recycling, especially about their molecular recycling technology. The company breaks down difficult-to-recycle plastics into molecular building blocks to create new, virgin-equivalent plastics using techniques including polyester renewal and methanolysis. In Tennessee, Eastman has made investments in sizable chemical recycling facilities and is growing internationally. Thanks to their method, contaminated materials that cannot be recycled mechanically, multilayer films, and colorful polymers may all be recycled. Eastman uses chemically recycled content to help international textile, packaging, and cosmetics manufacturers reach sustainability goals.

Frozen Edamame Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the frozen edamame market, valued at US$274.204 million in 2030 from US$237.799 million in 2025, is projected to grow at a CAGR of 2.89% through 2030.

Edamame is the name for soft, immature soybeans that can be eaten, often steamed. Most edamame eaten in the United States is imported frozen from China and other countries in East Asia. The increasing interest in the potential health benefits of eating edamame has prompted several growers to explore producing the vegetable crop domestically, raising the potential for market sales in frozen form.

In May 2022, Agricultural Research Service and University of Illinois Urbana-Champaign scientists announced that seven new sources of edamame soybeans are now available for use in breeding commercial varieties that can resist insects and disease. Approximately 90 % of U.S. grain-type soybean varieties carry genes for resistance to some diseases and pests, unlike the edamame varieties, which incorporate resistance to pests and disease.

Further, Ardo developed agrotechnology to grow edamame soy beans in Europe. Edamame in the pod are grown, harvested, processed and packed at the site in the Marchfeld region of Austria. Edamame in the pod is in the field from May to September, and ensuring they have enough irrigation is key during growth.

Consumers wanted higher-protein snacks that are plant-based and minimally processed, but those options are limited; thus, in February 2025, Biena launched Biena Crispy Edamame, a high-protein, plant-based snack made with 100% avocado oil. This innovation delivered superior taste and crunch while packing up to 13g of plant protein per serving, as much as two eggs. They were the first brand to launch a Crispy Edamame Snack with 100% avocado oil. The snacks are gluten-free, low-carb, and free from artificial ingredients.

Following the announcement in September 2024, the edamame beans harvested in Flevoland are available from March 2025 in the frozen section of all 725 Jumbo supermarkets in the Netherlands and Belgium, as well as online at Jumbo.com. Edamame beans have now been cultivated and sold in the country.  Jumbo, one of the largest supermarket chains in the Netherlands offers young soybeans as it is gaining popularity among consumers, and Jumbo customers love this nutritious green powerhouse can be assured that they come from local Dutch farms. Moreover, Dutch farmers benefit from a long-term partnership, ensuring stable sales.

➥ View a sample of the report or purchase the complete study at: Frozen Edamame Market Report

Frozen Edamame Market Report Highlights

  • By product type, frozen edamame market is segmented into whole edamame, shelled edamame, edamame snaps, edamame paste, and edamame flour. Edamame snaps are growing, driven by innovation in edamame-based snacks, which are gaining traction among consumers looking for nutritious snacks.
  • By application, the frozen edamame market is segmented into food processing, food service industry, and retail. The food service industry, such as restaurants, hotels, and other foodservice outlets, is offering frozen edamame into their menus as appetizers or salad ingredients.
  • By distribution channel, the frozen edamame market is segmented into online and offline. The online segment is rapidly growing, driven by the increasing popularity of consumer preference for convenient home delivery. Jumbo started offering edamame beans in the Netherlands and Belgium, long-term collaboration with Jumbo enables farmers such as Harry’s Farm in Flevoland to scale up edamame cultivation in the country.
  • According to the World Integrated Trade Solution, in 2023, top importers of Soya beans are China with 87,387,600,000 Kg, followed by the European Union with 13,398,900,000 Kg, Argentina with having 10,367,700,000 Kg, and Japan with 3,155,530,000 Kg.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, and increasing adoption of vegan and vegetarian diets is driving demand for frozen edamame in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer awareness of the health benefits of edamame, such as its ability to reduce risks of chronic diseases like heart disease and diabetes.

Frozen Edamame Market Segmentation

Knowledge Sourcing Intelligence has segmented the frozen edamame market based on product type, application, distribution channel, and region:

Frozen Edamame Market, By Type

  • Whole Edamame
  • Shelled Edamame
  • Edamame Snaps
  • Edamame Paste
  • Edamame Flour

Frozen Edamame Market, By Application

  • Food Processing
  • Food Service Industry
  • Retail

Frozen Edamame Market, By Distribution Channel

  • Online
  • Offline

Frozen Edamame Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

Frozen Edamame Market Key Players

  • Brecon Foods
  • Xiamen Sinocharm
  • Xiamen Sharp Dragon
  • SINOFROST
  • Bariball Agriculture
  • Yuyao Gumancang Food
  • ANJ Group
  • Young Sun
  • Cixi Yongjin Frozen Food
  • Shaoxing Lurong Food
  • Chiangmai Frozen Foods Public Company
  • Jooever
  • LACO

Report Coverage:

Report Metric Details
Growth Rate CAGR of 2.89%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Product Type, Application, Distribution Channel, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Frozen Edamame Market Brecon Foods, Xiamen Sinocharm, Xiamen Sharp Dragon, SINOFROST, Bariball Agriculture
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

The global landscape of small and medium-sized businesses (SMBs) is undergoing significant digital changes. The adoption of Artificial Intelligence (AI) in bookkeeping is one such disruptive innovation that is reshaping the financial efficiency and financial accuracy of SMBs by offering real-time financial visibility, which helps these SMBs to make better and informed decisions. Various AI technologies, such as machine learning, natural language processing, and intelligent automation, are integrated into these businesses to streamline and optimise financial record-keeping tasks, including data entry, invoice processing, expense categorization, reconciliation, and financial reporting. These AI-driven solutions helps these SMBs to reduce the cost as well.

AI in bookkeeping is one of the fastest-growing segments in the global accounting software, driving rapid growth of AI-powered tools such as QuickBooks, Xero, Zoho Books, Botkeeper, Dext and many others. These AI-powered tools are thus a key feature that is reshaping the financial accuracy of SMBs by automating their bookkeeping processes.

How AI is Reshaping Bookkeeping for SMBs

Automating Accuracy: We all know traditional bookkeeping methods are time-consuming, error-prone and resource-heavy. This makes SMBs feel constant pressure to manage their finances with greater accuracy, better speed and compliance-aligned. This is where artificial intelligence is acting as a game-changer by automating the core financial bookkeeping tasks while improving accuracy.

According to Intuit’s July 2025 press release, Intuit has launched a suite of AI agents in Quickbooks that automate the workflows such as transaction categorization and reconciliation and also delivers cleaner and accurate books through real-time insights by reducing human errors.

Over 90% of SMBs globally will leverage AI for continuous monitoring and anomaly detection, reducing financial errors and fraud by over 95%, while 60% of U.S. SMBs have already fully integrated AI for continuous error detection, highlighting the increasing number of SMBs using AI for maintaining financial accuracy of their business. The same reports also highlight that U.S. SMBs are confident about the enhancement of anomaly detection (27% SMBs) and financial reporting   (24% SMBs) improving overall by 40%, highlighting how AI is offering accuracy and is one of the key reason for SMBs adopting AI in bookkeeping services.

Beyond accuracy, AI is also transforming SMBs’ bookkeeping by delivering:

Time and Cost Efficiency: AI helps to automate data entry, invoice processing, and expense tracking to save time and reduce costs. 45% of customers save up to 12 hours per month using the new AI-powered bank feed features.

Real-Time Financial Insights: AI also offers real-time financial insights through AI-powered dashboards, cash flow forecasts, and anomaly detection, providing up-to-date financial visibility. A Sage-commissioned Forrester survey highlights that 81% of U.S. SMBs report better decision-making with AI in accounting, including bookkeeping, leading SMBs to leverage real-time financial insights.

Scalability for Growing Businesses: One other key way in which AI helps is offering scalability to growing businesses. AI handles increased transaction volumes, automates reconciliations, and streamlines reporting, helping SMBs expand. 68% of customers say AI allows them to spend more time growing their business.

Thus, AI-powered bookkeeping is transforming how SMBs manage their finances. It is revolutionizing the financial accuracy of SMBs with smarter automation, fewer errors and by offering faster insights that help in better decision making.

Key Technologies Powering AI Bookkeeping

AI in bookkeeping systems uses various technologies such as machine learning, natural language processing (NLP), optical character recognition (OCR), robotic process automation (RPA), predictive analytics, cloud computing, API integrations, conversational AI, and data encryption for automating, digitizing, and enhancing financial workflows of SMBs.

  • Machine Learning: Machine learning is the foundational technology on which AI bookkeeping solutions is based. It allows systems to learn from past data, identify patterns, and make informed decisions. It is mainly used for transaction categorization, anomaly detection, and predictive analytics in bookkeeping, which minims manual intervention and thus helps in enhancing the accuracy of financial reporting. For instance, Botkeeper’s Transaction Manager, a AI bookkeeping products, utilizes machine learning to assign confidence scores to categorized transactions. According to the company, when the systems is 98% confident that the transaction is accurate, it automates the process and records it under financials and if not confident, automatically rejects the transaction and doesn’t record. This process helps in saving time and also lessens the necessity for manual verification.
  • Natural Language Processing: Natural Language Processing (NLP) is a kind of AI technology that understands, do interpretation and generate human language, thus it is used as a key technology for extracting information from documents like invoices, receipts and contracts. Other technology then processes those human-translated information and use further. A notable example is Dext, which uses NLP to scan and manage receipts via mobile devices, email, or drag-and-drop. It is believed to offer accuracy over 99%. This same technology also supports voice-activated bookkeeping, invoice and contract analysis by understanding and interpreting human language. Another example is intelligent chatbots that provide real-time assistance to customers by understanding their language, interpreting it and offering replies. Thus, all of these features help in streamlining operations for small and medium-sized businesses.
  • Optical Character Recognition (OCR): Optical Character Recognition (OCR) also plays a key role in AI-powered bookkeeping. It works by converting images of text, such as scanned documents, PDFs, and photos, into data that machines can read. This technology is often combined with NLP to offer digitize receipts and invoices. It also automates data entry from paper-based financial records, such as handwritten invoices or bank statements. According to a survey by ABBYY FineReader, which is known for its advanced OCR capabilities, it is highly suitable for bookkeeping tasks, especially for SMBs. It offers up to 95% accuracy even with printed text and complex layouts.
  • Robotic Process Automation (RPA): RPA, robotic process automation, also have emerging applications in bookkeeping. It complements AI by automating structured, rules-based bookkeeping workflows. A lot of surveys by leading firms have highlighted that RPA is transforming the accounting journey, and a significant accounting professionals are already using it this technology. For instance, Xero is one of the leading players in the AI in bookkeeping market that uses RPA for automating bank reconciliation.

Notable Companies Driving AI-Led Bookkeeping Solutions

  • Intuit Inc. (QuickBooks): Intuit is an American multinational business software company, headquartered in California, USA. Its AI in bookkeeping product, QuickBooks, is one of the most widely used solutions by SMBs globally. It automates expenses and do transaction categorization, generate invoice, scan receipt and do auto-reconciliation by integrating with banks. Its Booke AI-powered assistant, one of the feature it has added recently, offers various tasks such as auto-fixing uncategorized or miscoded transactions. It also offer client communication and offer real-time insights for QuickBooks banking.
  • Zoho Books (Zoho Corp): Zoho Books is a cloud-based accounting platform that is designed for SMBs. It offers automated bank reconciliation, smart transaction categorization, document scanning and data extraction, offering real-time insights for SMBs and help them in minimizing the risk of human error. It also integrated other Zoho business applications, thus offering a centralized workflow, which become a choosing point for SMBs.
  • Botkeeper: It is an AI-powered platform which works by automating the repetitive and time-consuming tasks. It performs tasks like transaction categorization, bank reconciliations, and data entry, and helps SMBs to reduce saving cost and thus managing their financial efficiently. For this, it use technology like machine learning and robotic process automation. It also offer tools for client communication, onboarding, and task tracking. Its solution is SOC 2 Type 2 compliant with bank-grade security and is used by 200+ accounting firms serving 5,000+ business clients.

Critical Insights & Strategic Actions for Industry Stakeholders

  • Democratize AI Tools for SMBs: Democratization of AI tools, i.e., offering user-friendly, affordable and scalable tools that would help them in their financial accuracy and efficiency, is one of the key strategies market players in AI in bookkeeping can use to gain competitive leverage in the market. As SMBs often lack the resources to adapt to complex AI solutions, democratizing AI tools for SMBs would offer them the financial flexibility to adopt to these tools, driving the market. Industry stakeholders in the AI in the bookkeeping market can create cloud-based, subscription-based AI bookkeeping platforms with multi-level pricing that will suit SMBs’ budgets. They can also offer solutions with a simple user interface, with options of free trials and scalable plans so that SMBs can choose. This will ensure even the smallest SMBs can use these AI tools.
  • Expand End-to-End Financial Automation: Industry stakeholders should focus on offering comprehensive workflows that can handle processes from start to end, i.e., end-to-end processes. By offering seamless integration of AI bookkeeping with existing SMB software, they can gain a competitive edge in the AI bookkeeping market, as SMBs can rely on one and be free from the hassle.
  • Build Industry-Specific Solutions: There are a lot of users who needs tailored solutions as per their demand and specification. Developing tailored AI bookkeeping modules as per the specific industry needs is a key area where AI in the bookkeeping market players can work. They can develop industry-specific solutions such as inventory-linked expense tracking or insurance billing automation, and a compliance system. This would help established players and new entrants gain a competitive edge in this niche, customized markets by addressing industry-specific needs and compliance requirements.
  • Strengthen Data Privacy and Compliance Frameworks: AI in bookkeeping companies or new players trying to enter must look into offering robust security protocols and AI systems that can adapt to changing requirements, as security or breach of security is one of the major concerns that SMBs have with the use of AI in their financial bookkeeping.

By implementing the above-mentioned strategies, industry leaders can transform the bookkeeping process for SMBs. AI bookkeeping market players, such as software providers, fintech startups, or accounting platforms, can leverage these strategies to achieve a competitive advantage, and they can establish their leadership in the SMB-focused AI bookkeeping market.

Physical Blowing Agents Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the physical blowing agents market is forecasted to attain US$2,633.945 million in 2030 at a CAGR of 4.95% from US$2,068.205 million in 2025.

The physical blowing agents (PFAs) that are injected into the polymer melt may be the same as chemical foaming agents (i.e., CO2 or N2) or may be hydrocarbon or halogen-carbon-based. The physical blowing agent system requires engineering modifications, such as a high-pressure injection unit, extended screws and barrels, and gas storage or compression units.

Further, the most versatile substance is chlorofluorocarbons (CFCs) but they cause ozone layer depletion and have been banned by the Montreal Protocol in 1989. Hydrofluorocarbons (HCFCs) came as a replacement for CFCs, but they are being phased out under the Montreal Protocol since they deplete the ozone layer. HCFC is nearly 2,000 times more potent than carbon dioxide in terms of its global warming potential (GWP).

Certain hydrocarbons, e.g., pentane, isopentane, cyclopentane, and liquid CO2, are other physical blowing agents used. There are specific properties of blowing agents that lead to different machine requirements. Flammable blowing agents, such as pentane, require suitable explosion-proof equipment, which has a higher cost than conventional equipment.

However, liquid CO2 is nowadays used in different processes. The reasons for choosing liquid CO2 are by now, generally well known and widely accepted. As the product is available in nature, extremely cheap, expands three times more than competing alternatives, such as Methylene Chloride, and has no harmful effect on the health of workers or factory safety.

Further, in May 2023, a CO2 capture process, jointly developed by Linde, Heidelberg Materials, and BASF, and based on BASF’s advanced OASE blue technology, would be used for the first time at a large-scale CO2-capture facility operated by Capture-to-Use (CAP2U). It is a new joint venture established by Heidelberg Materials and Linde.

The plant would be the world’s first industrial-scale carbon capture and utilization (CCU) facility. Around 70,000 tons per year of CO₂ could be captured, purified, and liquefied. Linde can sell the resulting liquid CO₂ as a feedstock for the chemicals industry and into the food and beverage end-use markets. Moreover, the United States is the largest exporter of Carbon dioxide with 12,361,000,000 Kg exports followed by the Netherlands with 601,607,000 Kg and the European Union with 375,375,000 Kg in 2023.

Further, the government of India took various steps to increase hydrocarbon production by policy for Relaxations, Extensions, and Clarifications under the Production Sharing Contract regime for early monetization of hydrocarbon discoveries in July 2024.

Moreover, PAO NOVATEK, a company engaged production, processing, and marketing of natural gas and liquid hydrocarbons, witnessed positive growth in 2024. The total sales volumes of liquid hydrocarbons aggregated 16.4 MMT, which was 3.1% higher than in 2023. Further, NOVATEK’s liquid hydrocarbon production, including a share in the production of joint ventures, witnessed positive growth of 11.5% in 2024, with the growth of 13.79 MMT in 2024 from 12.37 MMT in 2024. These positive growths projected a significant growth in the Hydrocarbons (HCs) segment during the forecast period.

➥ View a sample of the report or purchase the complete study at: Physical Blowing Agents Market Report

Physical Blowing Agents Market Report Highlights

  • By product type, the physical blowing agent market is segmented into hydrochlorofluorocarbons, hydrofluorocarbons, hydrocarbons, hydrofluoroolefins, and others. The hydrocarbons are witnessing a significant growth as they have advantages over other types of blowing agents, which are synthetic chemicals that contain chlorine and fluorine atoms.
  • By foam type, the physical blowing agent market is segmented into polyurethane foam, polystyrene foam, phenolic foam, polypropylene foam, polyethylene foam, and others. The polymeric foams deliver enhanced thermal insulation and stiffness. They act as key materials for applications that need lightweight and energy-absorbing solutions.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, technology and operational breakthroughs that have also contributed to physical blowing agent market.

Physical Blowing Agents Market Segmentation

Knowledge Sourcing Intelligence has segmented the global physical blowing agents market based on product type, foam type, process, application, and region:

Physical Blowing Agents Market, By Product Type

  • Hydrochlorofluorocarbons (HCFCs)
  • Hydrofluorocarbons (HFCs)
  • Hydrocarbons (HCs)
  • Hydrofluoroolefin (HFO)
  • Others

Physical Blowing Agents Market, By Foam Type

  • Polyurethane Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Polypropylene Foam
  • Polyethylene Foam
  • Others

Physical Blowing Agents Market, By Process

  • Injection Moulding
  • Extrusion
  • Others

Physical Blowing Agents Market, By Application

  • Building and Construction
  • Automotive
  • Bedding and Furniture
  • Appliances
  • Packaging
  • Others

Physical Blowing Agents Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Physical Blowing Agents Market Key Players

  • Honeywell International Inc.
  • Lehmann&Voss&Co.
  • Nouryon
  • Arkema
  • Harp International Ltd
  • HCS Group GmbH
  • Solvay
  • The Chemours Company
  • Sinochem Group Co., Ltd
  • Linde Group

Report Coverage:

Report Metric Details
Growth Rate CAGR of 4.95%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Product Type, Foam Type, Process, Application, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Physical Blowing Agents Market Honeywell International Inc., Lehmann&Voss&Co., Nouryon, Arkema, Harp International Ltd
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.