Animal Feed Organic Trace Minerals Market to Represent a Significant Expansion at 7.3% CAGR from 2017 to 2025

 The global animal feed organic trace minerals market size is expected to reach USD 880.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.4% during the forecast period. Increasing R&D investments by manufacturers like Alltech and Archer Daniels Midland Co. to reduce the manufacturing cost and to expand the product application is estimated to boost overall growth.

Minerals used in traces perform specific functions in different animals. For instance, zinc helps the formation of eggshell and eggshell membrane in poultry. Manganese helps in synthesis of fatty acids and cholesterol and formation of melanin in poultry, while copper helps hatchability and fertility of eggs.

However, regulations regarding restricting the use of zinc and copper in animal feed have resulted in promoting the use of these minerals in combination with amino acids, further estimated to fuel overall market growth. Asia Pacific is estimated to account for the largest market share in 2025 owing to growth of meat industry and high demand from countries such as China and India.

However, Europe and North America are also expected to have a positive impact on growth of the animal feed organic trace minerals market. As per the International Feed Industry Federation (IFIF), commercial production of feed takes place in over 130 countries and produces a maximum annual turnover every year. Emerging animal feed industry is estimated to play a major role in the market growth over the forecast period.

Access Research Report Of Animal Feed Organic Trace Minerals Market https://www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry

Further key findings from the report suggest:

• Zinc accounted for 35.60% of total market share in U.S. in 2018 and is estimated to expand at a healthy CAGR over the forecast period owing to its properties to improve the immunity of animals
• Iron is the second largest product segment and is estimated to expand at a CAGR of 7.8% in the forthcoming years to come owing to rising awareness regarding imbalance in tissue metabolism caused due to iron deficiency
• Poultry sector is estimated to expand at a healthy CAGR over the forecast period owing to rising demand for animal protein sources and technological developments for better vaccinations to animals
• Pork segment is estimated to expand at a CAGR of 7.4% during the projected period owing to rising demand for high-quality pork, growth in consumption, and the product being a rich source of protein
• Alltech; Cargill Inc.; Biochem; and Archer Daniels Midland Co. are some of the major manufacturers operating in the animal feed organic trace minerals market. These companies, through strategic initiatives such as expansions, investments, and partnerships, try to expand their market share and global presence

Grand View Research has segmented the animal feed organic trace minerals market on the basis of product, application, and region:

Animal Feed Organic Trace Minerals Product Outlook (Revenue, USD Thousand, 2014 - 2025)

• Zinc
• Iron
• Copper
• Selenium
• Others (Manganese and Cobalt)

Animal Feed Organic Trace Minerals Application Outlook (Revenue, USD Thousand, 2014 - 2025)

• Dairy Cattle
• Poultry
• Horses
• Pigs
• Others (Aqua Food and Pet Food)

Animal Feed Organic Trace Minerals Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Vietnam
• Central & South America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Technical Insulation Market Size, Industry Share And Growth Analysis For 2020-2027: Grand View Research Inc.

 Technical Insulation Market Growth & Trends

The global technical insulation market size is expected to reach USD 8.8 billion by 2027, expanding at a CAGR of 2.5%, according to a new report by Grand View Research, Inc. Increasing acceptance of technical insulation across a wide range of applications such as commercial, energy, industrial and OEM is projected to benefit industry growth.

Rapid industrialization across the globe on account of the rising population is anticipated to promote the market. In addition, rising awareness related to the benefits of technical protection of the equipment, personnel, and system is anticipated to drive the market over the forecast period.

Rapid expansion of the commercial sector across the developing economies including China, India, Indonesia, and South Korea is projected to stimulate the demand for HVAC systems, acoustic protection, refrigeration, heating and plumbing protection facilities, thereby driving the industry.

Low awareness related to technical protection coupled with the high capital investment at the initial state is estimated to restrict the expansion of the market. In addition, lack of skilled labors and high cost of raw materials are factors likely to pose a threat to the market over the forecast period.

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Technical Insulation Market Report Highlights

• The hot insulation segment accounted for USD 2.9 billion in 2019 and is projected to witness a CAGR of 2.9% from 2020 to 2027. Rising demand for hot insulation in industries, OEM, and other applications is projected to benefit segment growth
• The heating and plumbing application segment accounted for 35.4% of market share in 2019 and is projected to witness a CAGR of 2.9% from 2020 to 2027 owing to the rising demand from the industrial and commercial sector
• The industrial and OEM end-use segment is anticipated to grow at a faster rate over the forecast period and reach USD 3.4 billion in 2027 on account of the rising demand for the insulating materials due to its benefits such as protection of pipes and equipment
• In Asia Pacific, the market is projected to witness a CAGR of 3.0% from 2020 to 2027 owing to the rapid expansion of industrial and commercial sector in the economies including India, China, Indonesia, and South Korea
• China accounted for the highest market share in Asia Pacific on account of the growing number of manufacturing industries in the country.

Technical Insulation Market Segmentation

Grand View Research has segmented the global technical insulation market on the basis of type, application, end use, and region:

Technical Insulation Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Hot
• Cold-Flexible
• Cold-Rigid

Technical Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Heating & Plumbing
• HVAC
• Acoustic
• Refrigeration

Technical Insulation End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Industrial & OEM
• Energy
• Commercial Buildings

Technical Insulation Region Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Technical Insulation Market

• Zotefoams Plc
• Owens Corning
• Kingspan Group Plc
• Rockwool International A/S
• Recticel NV/SA
• Morgan Advanced Materials plc
• Armacell International S.A.
• Aspen Aerogels, Inc.
• Knauf Insulation
• Saint-Gobain
• Palziv Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Industrial Coatings Market Booming Trends and Forecast Assessment for the Period 2020 to 2027

 Industrial Coatings Market Growth & Trends

The global industrial coatings market size is expected to reach USD 101.9 billion by 2027, expanding at a CAGR of 3.0% over the forecast period, according to a new study by Grand View Research, Inc. Increasing product demand from the general industry, automotive and refinish, oil and gas, marine, mining, power generation, electronics and aerospace industry is expected to propel market growth.

Industrial coatings are widely used in general industrial applications such as in heat exchangers, steel structure, containers, concrete, furniture, appliances, and material handling equipment to protect them from heat and humidity. It also helps to protect equipment against corrosion, abrasion, and chemical attack, and thereby improves product efficiency.

Growing economies such as Brazil, China, and India are expected to provide new opportunities for the market on account of rapid industrialization. The presence of a large number of manufacturers is also projected to fuel the demand for industrial coatings for general industrial applications. However, the outbreak of COVID-19 in China and other countries, including India, Australia, Thailand, and Japan, has resulted in lockdown of major cities and caused a sharp slowdown in manufacturing industries, which is expected to hinder market growth in the coming years.

Based on product, the alkyd segment is anticipated to witness substantial growth rate over the forecast period. Alkyd coatings are used in an industrial environment majorly for metal coatings. They have good gloss, color retention, and corrosion resistance properties. In addition, they increase the durability of metal, which find application in the glazing of various structures such as bridges, towers, oil and gas plants, automotive parts, and marine vessels.

Alkyd coatings segment is expected to witness a volume-based CAGR of 2.6% over the forecast period. Rising product demand is attributed to its expanding application scope in construction, automotive, and oil and gas industries. The presence of low VOC is also expected to drive the segment in matured countries of Europe along with U.S. and Canada.

The powder based segment is projected to witness considerable growth during the forecast period. It is more durable and eco-friendly as compared to its counterparts. Powder based coatings have negligible VOC content due to the absence of solvents and thus, they comply more efficiently and economically with the Environmental Protection (EP) regulations. They are widely used in agricultural equipment, automotive, machine components, mechanical parts, building facades, and electrical fixtures to prevent corrosion and provide a thicker blazing. Increasing demand for farming equipment such as tractors in Brazil, India, and China is expected to drive the segment.

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Industrial Coatings Market Report Highlights

• Asia-Pacific dominated the market during the forecast period from 2020 to 2027 and is projected to witness a revenue-based CAGR of 3.4%
• The acrylic segment is anticipated to witness highest revenue-based CAGR owing to its rising demand in various end-use industries
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in July 2019, Axalta Coating Systems, LLC showcased its new technology Amarium Pre-Catalyzed Lacquers for use in wood blazings. The new technology is employed for various applications including wooden furniture, cabinets, and other interior wood surfaces and protects the surface from ultra-violet radiation.

Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market on the basis of product, technology, end use, and region:

Industrial Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others

Industrial Coatings Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Solvent Borne
• Water Borne
• Powder Based
• Others

Industrial Coatings End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• General Industrial
• Marine
• Automotive & Vehicle Refinish
• Electronics
• Aerospace
• Oil & Gas
• Mining
• Power Generation
• Others

Industrial Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.       
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE

List of Key Players of Industrial Coatings Market

• Akzo Nobel N.V.
• Axalta Coating Systems, LLC
• Jotun
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Nippon Paint Holdings Co., Ltd.
• Hempel A/S

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Water Treatment Chemicals Market Growth in the Coming Years

 Water Treatment Chemicals Market Growth & Trends

The global water treatment chemicals market size is anticipated to reach USD 41.2 billion by 2030, registering a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Rapid industrialization coupled with increasing awareness towards pollution and recycling of wastewater is anticipated to drive the market growth. It is explained as a process engaged in eliminating the contaminants by using various techniques. In the process, the waste or contaminated fluid is treated with chemicals to make it adequate for human consumption.

Growing worldwide consumption along with favorable government regulations for the use of chemicals is estimated to drive the market across the globe. In addition, increasing world population and growth in industrial activities is also projected to fuel the market growth. However, factors like rising prices of chemicals and growing use of chemical free technologies is projected to restrain the industry growth.

The biocides and coagulants and flocculants segments are projected to lead the market in petrochemical manufacturing and sugar and ethanol sector respectively. The increasing demand for flocculants and biocides in these applications is due to the implementation of stringent government regulations to provide quality and hygienic water for human consumption.

Limited supply of water for several industrial applications is propelled to fuel the product demand for use especially in the fertilizers, petrochemical manufacturing and refining sectors. These sectors collectively account major revenue share of the chemicals used for treatment. Recycling, growth of central wastewater treatment unit for SME’s, and advanced biological treatment technologies are a few factors contributing to the industry growth.

Europe is one of the prominent consumers of water treatment chemicals owing to large consumption of water for industrial sectors such as sugar and ethanol and petrochemical manufacturing. The most widely used chemicals in Europe comprise of corrosion inhibitors, coagulants & flocculants, and biocides among others. The Europe market is driven by implementation of high-water quality standards for several industrial applications along with stringent environmental regulations for treatment processes.

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Water Treatment Chemicals Market Report Highlights

• Scale and corrosion inhibitor is estimated to emerge as the fastest growing product segment owing to their ability to inhibit silica polymerization, and lower the chromate levels and corrosion rates
• Effluent water treatment is estimated to emerge as the fastest growing application segment due to growing inclusion of chemicals in treating industrial fluids or its safe disposal or reusability in the end-user in the environment
• Power is estimated to emerge as the fastest growing end-use segment in relation to increasing attention on alternative energy sources like geothermal energy
• Central and South America is estimated to emerge as the fastest growing region on account of low availability of clean water for domestic and industrial purposes

Water Treatment Chemicals Market Segmentation

Grand View Research has segmented the global water treatment chemicals market on the basis of product, application, end use, and region:

Water Treatment Chemicals Product Outlook (Revenue, USD Million, 2016 - 2030)

• Coagulants & Flocculants
• Biocide & Disinfectant
• Defoamer & Defoaming Agent
• pH & Adjuster & Softener
• Scale & Corrosion Inhibitor
• Others

Water Treatment Chemicals Application Outlook (Revenue, USD Million, 2016 - 2030)

• Raw Water Treatment
• Water Desalination
• Cooling
• Boiler
• Effluent Water Treatment
• Others

Water Treatment Chemicals End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Power
• Oil & Gas
• Chemical Manufacturing
• Mining & Mineral Processing
• Municipal
• Food & Beverage
• Pulp & Paper
• Others

Water Treatment Chemicals Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
• Central and South America
  • Brazil
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • Azerbaijan
  • Uzbekistan
  • Turkey
  • Turkmenistan
  • Iran
  • Kazakhstan
  • Georgia

List of Companies in the Water Treatment Chemicals Market

• SUEZ
• BASF SE
• Ecolab
• Solenis
• Nouryon
• Kemira Oyj
• Baker Hughes, a GE company LLC
• The Dow Chemical Company
• SNF Group
• Cortec Corporation
• Buckman
• Solvay S.A.
• Kurita Europe GmbH
• Veolia
• Somicon ME FZC
• Green Water Treatment Solutions
• Johnson Matthey

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Beverage Carton Packaging Machinery Market Size Is Expected To Reach USD 1.5 Billion by 2027

 Beverage Carton Packaging Machinery Market Growth & Trends

The global beverage carton packaging machinery market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.

Increasing demand for drinks coupled with growing investment by beverage manufacturers for durable and sustainable secondary packaging is expected to drive the market over the forecast period. In addition, the demand for customized machines with high-tech and reliable machine components is likely to have a positive impact on the market.

Changing consumer lifestyles coupled with growing disposable incomes and increasing demand for a wide range of drinks are expected to positively impact the market. In addition, companies manufacturing drinks are focusing on innovation, which is expected to increase the number of drink options available in the market.

Rising demand for craft drinks as well as CBD-infused drinks is expected to have a positive impact on market growth. In addition, increasing consumer-driven demand for super-premium and premium distilled spirits is further anticipated to drive the growth of the drink industry, thereby driving the market over the forecast period.

Growing focus on automation to reduce the operating and labor costs, and maximize the uptime, is expected to drive the market. However, semi-automatic machines are also likely to generate a sizeable demand, most notably from microbreweries owing to less costly nature compared to the automatic versions.

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Beverage Carton Packaging Machinery Market Report Highlights

• The horizontal end side-load cartoner type segment is likely to have the highest CAGR of 5.2% over the forecast period owing to its suitability for bulk product handling coupled with its ability to attain high speeds
• The automatic mode of operation segment is anticipated to have the highest CAGR over the forecast period owing to the increasing investments in automation, coupled with a growing focus on reducing operating and labor costs
• The non-alcoholic application segment is anticipated to witness a CAGR of 4.8% from 2020 to 2027 owing to the growing demand for bottled water as well as sports and functional drinks
• In Asia Pacific, the market is estimated to witness a CAGR of 5.8% from 2020 to 2027 on account of rapid expansion of the drink industry coupled with the increasing purchasing power of the consumers in the region
• Large manufacturing companies are increasingly demanding customized packaging solutions, including beverage carton packaging machinery that caters to their specific requirements.

Beverage Carton Packaging Machinery Market Segmentation

Grand View Research has segmented the beverage carton packaging machinery market on the basis of type, mode of operation, application, and region:

Beverage Carton Packaging Machinery Type Outlook (Revenue, USD Million, 2016 - 2027)

• Horizontal End Side-Load Cartoner
• Top-Load Cartoner
• Wraparound Cartoner
• Others

Beverage Carton Packaging Machinery Mode of Operation Outlook (Revenue, USD Million, 2016 - 2027)

• Semi-automatic
• Automatic

Beverage Carton Packaging Machinery Application Outlook (Revenue, USD Million, 2016 - 2027)

• Dairy Beverages
• Alcoholic Beverages
• Non-alcoholic Beverages

Beverage Carton Packaging Machinery Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • Spain
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa 

List of Key Players in the Beverage Carton Packaging Machinery Market

• R.A. Jones
• Jacob White Packaging Ltd.
• Bradman Lake Group Ltd.
• Douglas Machine Inc.
• Mpac Group plc
• KHS GmbH
• Krones AG
• Sidel
• EconoCorp Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Isopropyl Alcohol Market Strong Application and Emerging Trends also Scope by 2027: Grand View Research Inc.

 Isopropyl Alcohol Market Growth & Trends

The global isopropyl alcohol market size is projected to reach USD 4.85 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% from 2020 to 2027. Increasing demand for solvents across a wide range of industries globally is anticipated to remain a key factor favoring growth.

The substance is one of the highly used industrial solvents in industries, such as pharmaceuticals, personal care and cosmetics, paints and coatings, and food industry. The chemical is highly preferred in formulating personal hygiene products, including sanitizers, due to its properties of being an excellent disinfectant that works against viruses, bacteria, and other microorganisms.

Isopropyl alcohol (IPA) is the third largest produced lower alcohol globally, after ethanol and methanol. The key applications of isopropyl alcohol is its utility as a solvent in producing various pesticides and herbicides for the agricultural industry, formulating various surface coatings, and producing antiseptic products for personal hygiene industry. Formulations with 70% concentration of IPA against 30% water is proven to be effective as sanitizers by healthcare organizations and other regulatory authorities worldwide.

The recent outbreak of coronavirus is one of the key factors that induced the need for personal hygiene and safety for humans globally. The global pandemic highlighted the use of IPA in formulating hand sanitizers across North America, Middle East, Europe, and Asia Pacific. The first quarter of 2020 reflected high sales of sanitizers, which directly implied hefty consumption of isopropyl alcohol in the marketspace. Companies such as INEOS and ExxonMobil ramped up their production capacities of IPA induced sanitizers in Germany and other parts of Europe. The future demand is expected to be driven by demand stability of polypropylene, which has been one of the major applications.

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Isopropyl Alcohol Market Report Highlights

• By application, the cleaning agent segment is anticipated to expand at a CAGR of 7.3% from 2020 to 2027 based on volume owing to rising demand for disinfectant cleaning formulations
• Europe is projected to expand at a revenue-based CAGR of 7.9% over the forecast period due to high demand for sanitizers and personal hygiene products from Germany, Italy, France, and U.K.
• Increasing construction spending in Asia Pacific, which accounts for around 46% share of the global construction expenditure, followed by Europe with a 24% share, will lead to high demand for paints and coatings, thereby directly increasing demand for IPA across these regions
• The chemical end-use segment is anticipated to reach USD 900.8 million by 2027 backed by rising demand for chemicals, such as methyl isobutyl ketone, methyl isobutyl carbinol, and isopropyl acetate.

Isopropyl Alcohol Market Segmentation

Grand View Research has segmented the global isopropyl alcohol market on the basis of application, end use, and region:

Isopropyl Alcohol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• Antiseptic & Astringent
• Cleaning Agent
• Solvent
• Chemical Intermediate
• Others

Isopropyl Alcohol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• Cosmetics and Personal Care
• Pharmaceutical
• Food and Beverages
• Paints and Coatings
• Chemical
• Others

Isopropyl Alcohol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Isopropyl Alcohol Market

• Dow Chemical
• Mistral Industrial Chemicals
• INEOS Corporation
• ReAgent Chemicals Ltd.
• LyondellBasell Industries
• Linde Gas
• Ecolab
• Royal Dutch Shell
• ExxonMobil Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Petroleum Resins Market is Estimated to Grow at a CAGR of 6.9% from 2017 to 2025: Grand View Research Inc.

 The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The rising demand for petroleum resins in EVA-based adhesives, contact adhesives for footwear, printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is expected to increase the market size.

Increasing demand for hydrocarbon resins in adhesives owing to properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance is expected to the drive industry expansion over the forecast period.The development of various petrochemical complex and catalytic polymerization to increase the output of resins is likely to augment the market size over the next eight years.

Automotive was the prominent segment and accounted 23.9% of the overall revenue share in 2016. The segment is expected to register substantial gains owing to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles in countries such as India, Thailand, and China.

Moreover, the Chinese auto sector policies and measures such as Automotive Readjustment and Revitalization Plan, Energy-Saving and New-Energy Auto Industry Plan, and Foreign Direct Investment opportunities are augmenting vehicle production, which in turn is expected to propel the market growth.

Access Research Report of Petroleum Resins Market @ www.grandviewresearch.com/industry-analysis/petroleum-resins-market

Further key findings from the report suggest:

• Hydrogenated petroleum resins is expected to register high volume gains at a CAGR of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based hot melt adhesives and pressure sensitive adhesives as they offer good heat stability, water resistance and compatibility is expected to drive the industry growth.
• The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to witness high gains on account of the rising usage in commercial printing, publications, packaging, and corrugated cardboards applications
• Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to witness steady growth due to the presence of major automotive manufacturers including Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari, Lamborghini, and Porsche
• The global petroleum resins market showcases immense competition with the presence of various large and small-scale participants in Japan, the U.S., and China. Key players include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Lesco Chemical Limited; Kolon; Neville; Puyang Tiancheng Chemical Co., Ltd.; and The Dow Chemical Company.
• In December 2016, Saudi-based Rufayah Chemicals Company (RCC) signed a deal with Sadara Chemical Company for setting up one of the largest hydrocarbon resin plants with an investment of approximately USD 500 million in the PlasChem Park to produce hydrocarbon resin, pure DCPD, isoprene, aromatic solvents, and premium wash oils
• Zeon Chemicals offers Quintac and Quintone manufactured by using proprietary Isoprene and Piperylene technology having excellent tack, cohesive strength, and holding power

Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• C5 resins
• C9 resins
• C5/C9 resins
• Hydrogenated resins

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Paints
• Adhesives
• Printing inks
• Rubber & tires
• Tapes & labels
• Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Automotive
• Construction
• Packaging
• Consumer goods
• Personal hygiene
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Attractive Market Opportunities in the Aluminum Foil Packaging Market by 2025: Grand View Research Inc.

 The global aluminum foil packaging market size is estimated to reach USD 46.19 billion by 2025, exhibiting a revenue-based CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. Increasing demand for packaged food coupled with rapid rise of the pharmaceutical packaging industry is anticipated to drive the growth. Aluminum is infinitely recyclable and contributes to sustainable packaging solutions, which is expected to further drive the market.

Aluminum foil is highly used for packaging numerous products including foods, beverages, medicines, cosmetics, and electronic items. Aluminum is highly useful in packaging industry owing to its properties such as corrosion resistance, ductility, malleability, reflectiveness, and light weight. It also offers impermeable barrier to air and light which increases the product shelf life.

Aluminum foils are used for making numerous packaging products including foil wraps, pouches, blisters, and containers. Aluminum foil containers are majorly used in the food service industry to food packaging. Pouches are chiefly used for packing numerous beverages including juices, energy drinks, and ketchups. Blisters are mainly used for packaging pharmaceutical products.

The aluminum foil packaging market is dominated by Asia Pacific owing to high production of aluminum in China. The Asia Pacific market is expected witness significant growth over the forecast period, owing to high consumer base and rapidly growing food industry. Rapid growth of food delivery services from 2014 to 2018 has further boosted the market growth in the past five years.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/aluminum-foil-packaging-market

Further key findings from the report suggest:

• In terms of revenue, the foil wraps product segment is estimated to reach USD 13.67 billion by 2025, mainly driven by the increasing application scope in the tobacco and food and beverages industries
• In terms of revenue, the food and beverages end use segment is expected to experience the highest growth rate over the forecast period, owing to rising demand for ready to eat food products
• The pouches product segment is anticipated to exceed USD 2.2 billion by 2025, owing to versatile applications of the product in numerous industries including food and beverage, pharmaceutical, cosmetic, and tobacco
• The aluminum foil packaging market is highly fragmented in nature, with several small and medium enterprises present in regional market spaces. Product innovation, R&D, geographic expansion, and acquisitions are among the major strategic initiatives adopted by the key market players to reinforce their strong competitive positions in the global market
• Amcor Plc, Constantia Flexibles, Novelis Aluminum, Coppice Alupack Ltd., Reynolds Group Holdings Limited, Aliberico S.L.U., Carcano Antonio S.p.A., and Aleris Corporation are some of the key players operating in the market

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end use, and region:

Aluminum Foil Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Foil Wraps
• Pouches
• Blisters
• Containers
• Others

Aluminum Foil Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Food & Beverage
• Tobacco
• Pharmaceuticals
• Cosmetics
• Others

Aluminum Foil Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Gelatin Market Poised to Expand at a Robust Pace Over 2027: Grand View Research Inc.

 The global gelatin market size is expected to reach USD 6.7 billion by 2027, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from several end-use industries including nutraceutical owing to its high protein content is expected to drive the product demand over the forecast period

Gelatin is an essential biopolymer extensively used to improve elasticity, consistency, and stability in several end-use products and can be sourced from skin and bones of cattle and pigs as well as from scales of fish. Bovine is one of the most common sources for the extraction of gelatin, which is found in cow bones, cartilage, and hides. Different grades of gelatin are extracted from bones, hides, and cartilage. It is available in abundance on account of large number of cows and increasing beef production.

Gelatin from marine sources is expected to witness a high growth rate over the forecast period, since it superior than types that are derived from other sources, owing to its high absorption rate and bioavailability. High absorption rate into the bloodstream allows in effectively improving the gelatin levels in the body, especially skin. However, marine gelatin costs relatively higher than bovine and porcine ones, which is expected to restrain its market growth.

The growing focus on personal care, health, and fitness is expected to drive the gelatin market over the forecast period. The demand for plant-based gelatin in countries such as India is rising, since the consumption and slaughter of beef and cattle is prohibited. In addition, the increasing use in healthcare and pharmaceutical applications is expected to have a positive impact on the market.

The market is characterized by a number of localized players that are involved in the supply of raw materials and product manufacturing. In addition, the market is highly dominated by majority of the players involved in the manufacturing and distribution of gelatin products. The growing applications of gelatin and related products are likely to drive the demand for the product over the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/gelatin-market-analysis

Further key findings from the report suggest:

• The global market is likely to generate a demand for 868.9 kilotons by 2027 owing to rising demand for convenience and functional food and beverage products, coupled with its augmented use in the pharmaceutical application
• In terms of revenue, Asia Pacific emerged as the fastest growing region in the gelatin market across the globe
• Asian countries particularly India and China are likely to witness a remarkable growth in next seven years due to growing population and increased per capita income
• The market is highly fragmented and competitive, with the presence of well-established industry players trying to gain an edge in the competition
• Some of the key companies present in the market are Gelita AG; Nitta Gelatin Inc.; Capsugel Inc.; Darling Ingredients Inc.                                                                          

Grand View Research has segmented the global gelatin market on the basis of raw material, function, application, and region:

Gelatin Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Pig Skin
• Cattle Bones
• Bovine Hides
• Others

Gelatin Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Stabilizer
• Thickener
• Gelling Agent   
• Others

Gelatin Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Food & Beverage
  • Confectionery
  • Dairy Products
  • Meat & Poultry Products
  • Desserts
  • Beverage
  • Others
• Personal Care
• Pharmaceutical
• Nutraceutical
• Photography
• Others

Gelatin Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Well Intervention Market is Projected To Grow Moderately at 4.2% CAGR through 2025| Key participants Baker Hughes, Archer Limited

 The global well intervention market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy. 

Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals.

Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016.

Offshore is expected to be the fastest growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025.

Access Research Report of Well Intervention Market @ www.grandviewresearch.com/industry-analysis/well-intervention-market

Further key findings from the report suggest:

• The global well intervention demand was USD 12.45 billion in 2016 and is expected to grow at a CAGR of 4.2% from 2017 to 2025
• Logging and bottom hole survey emerged as the largest service segment in 2016 and is estimated to generate revenue over USD 3.95 billion by 2025
• Stimulation is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.1%
• The well intervention demand in onshore application was USD 8.15 billion in 2016 and is anticipated to witness steady growth over the next eight years
• The U.S. offshore well intervention market in applications category was worth USD 2.28 billion and is estimated to reach USD 3.5 billion by 2025
• The Middle East & Africa region is anticipated to witness high growth at a CAGR of 5.7% by 2025. Recent developments in offshore activities such as increasing oil production in various countries including Qatar and Iran is expected to drive E&P market over the next eight years
• Key players of the industry include Baker Hughes, Archer Limited, Halliburton, Weatherford International, and Schlumberger. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share

Grand View Research has segmented the global well intervention market on the basis of service, application, and region:

Well Intervention Service Outlook (Revenue, USD Million, 2014 - 2025)

• Logging & Bottom Hole Survey
• Tubing/Packer Failure & Repair
• Stimulation
• Remedial Cementing
• Zonal Isolation
• Sand Control Services
• Artificial Lift
• Fishing
• Re-Perforation
• Others

Well Intervention Application Outlook (Revenue, USD Million, 2014 - 2025)

• Onshore
• Offshore

Well Intervention Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Microgrid Market Poised for Robust Value CAGR of Over 17.0% Through 2025: Grand View Research Inc.

 The Report Microgrid Market Analysis By Power Source (Natural Gas, Combined Heat & Power (CHP), Solar PV, Diesel, Fuel Cell), By Product (Remote, Grid Connected, Hybrid), By Application, And Segment Forecasts, 2018 - 2025

The global microgrid market is expected to reach USD 17.51 billion by 2025, growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

Rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Access Research Report of Microgrid Market@ https://www.grandviewresearch.com/industry-analysis/microgrid-market

Further key findings from the report suggest:

• The global microgrid demand was stood at 1.48 GW in 2016 and is projected to reach 6.54 GW by the end of 2025, expanding at a CAGR of 16.3% from 2017 to 2025.
• Remote microgrid market demand was 568.2 MW in 2016. The segment is expected to foresee tremendous gains owing to the upcoming installation of new projects in Arctic circle, Russia
• Natural gas is expected to witness revenue growth at a CAGR of 18.1% from 2017 to 2025. The governments of Russia and Syria signed Russia-Syria Offshore Gas Deal which is aimed for exploration and production of natural gas in Syrian Coast. The abovementioned favorable trends in natural gas industry of Russia is expected to open new markets.
• Utility is projected to account for 9.6% of global volume share by the end of 2025 as a result of increasing power demand amid the inclusion of new HVAC and heavy load machinery in manufacturing sector
• North America is expected to account for 71.4% of global revenue by the end of 2025. The increasing number of new solar PV microgrids for utility in Northeast and West regions of the U.S. is expected to have a positive impact.
• Key vendors include Siemens AG, Exelon, GE, Lockheed Martin Corporation, Lockheed Martin Corporation, ABB Group, Power Analytics, Toshiba Corporation, Honeywell International Inc, ZBB Energy Corporation, Echelon Corporation and Schneider Electric. In November 2016, Exelon launched five new microgrids at USD 250 million through the assistance with Anarbic. This launch is anticipated to play a crucial role in increasing the market share of Exelon in global industry over the next eight years.

Grand View Research has segmented the global microgrid market on the basis of power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Natural Gas
• CHP
• Solar PV
• Diesel
• Fuel Cell
• Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Remote
• Grid connected
• Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Government
• Education
• Commercial
• Utility
• Defense
• Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Impact of Existing and Emerging Hard Seltzer Market Trends And Forecast 2020-2027: Grand View Research Inc.

 Hard Seltzer Market Growth & Trends

The global hard seltzer market size is expected to reach USD 14.5 billion by 2027, expanding at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The market is expected to experience substantial growth during the forecast period owing to the growing popularity of low content alcoholic beverages among the millennials in the developed economies including the U.S., Canada, and Australia. Furthermore, strong marketing campaigns by alcoholic drinks companies on such products is expected to have a positive impact on the industry.

Products launched have played a crucial role in the growing penetration of hard seltzer. In June 2020, Tesco announced to launch dedicated hard seltzer. It will be distributed by Mark Anthony Brands. The launch makes a significant milestone for the category in the U.K. that has been turning into a hotspot for hard seltzer manufacturers. In November 2019, AB InBev’s launched Mike’s Hard Sparkling Water in the U.K. The increasing demand for the product in the country is attributed to the increasing demand for healthier products with low calorie and sugar and clean labels which are still luxurious.

Similarly, in June 2020, Smirnoff Seltzer also entered the U.K. through various off-trade channels. The product is available in two flavors in the country including Smirnoff Seltzer Orange and Grapefruit, and Smirnoff Seltzer Raspberry and Rhubarb. The product is available in 250ml cans with ABV content of 4.7% and is priced at GBP 1.8 per can.

Australia has been evolving as another major center for the industry. Along with White Claw, Carlton and United Breweries launched Actual Vodka Seltzer in the country in May 2020, in two flavors including pure and lime. The drink contains 4.2% ABV and 100.0% natural ingredients.

Request a free sample copy or view report summary: Hard Seltzer Market Report

Hard Seltzer Market Report Highlights

• Hard seltzer with 1.0% to 4.9% ABV content is expected to register the fastest growth during the forecast years with a CAGR of 16.6% from 2020 to 2027. Low ABV content of such products is expected to attract health-conscious consumers over the next few years
• On-trade is expected to register the fastest growth during forecast years with a CAGR of 16.5% from 2020 to 2027. An increasing number of consumers drinking hard seltzers in bars and restaurants is creating the rising opportunity
• Asia Pacific is expected to register the fastest growth during forecast years with a CAGR of 17.0% from 2020 to 2027. A large number of manufacturers focusing on the Australian market is playing a crucial role in the growth of the market
• North America dominated the market by contributing over 70.0% in the global revenue in 2019. The wide penetration of the product in the U.S., Canada, and Brazil is acting as a catalyst in creating dominance.

Hard Seltzer Market Segmentation

Grand View Research has segmented the global hard seltzer market on the basis of ABV content, distribution channel, and region:

Hard Seltzer ABV Content Outlook (Revenue, USD Million, 2016 - 2027)

• 0% to 4.9%
• 0% to 6.9%
• Others

Hard Seltzer Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• On-trade
• Off-trade

Hard Seltzer Regional Outlook (Revenue, USD Million, 2016 - 2027)

• Americas
  • The U.S.
  • Canada
  • Brazil
• Europe, Middle East & Africa
  • The U.K.
• Asia Pacific
  • China
  • Australia
  • South Korea

List of Key Players of Hard Seltzer Market

• Anheuser-Busch InBev
• Barefoot Cellars
• Blue Marble
• Boathouse Beverage Co.
• Future Proof Brands LLC
• CUTWATER SPIRITS
• Ficks & Co.
• HIGH NOON SPIRITS COMPANY
• Kona Brewing Co,
• Lift Bridge Brewing Co.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pet Sitting Market Is Expected To Accomplish A Valuation Of Around USD 5.0 Billion By 2027: Grand View Research Inc.

 Pet Sitting Market Growth & Trends

The global pet sitting market size is anticipated to reach USD 5.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% from 2020 to 2027. A growing number of pet adoption across countries is helping boost the prominence of relative pet care services, such as pet sitting business. In addition, increasing spending of pet owners on various pet services owing to the high indulgence of millennial pet owners and high spending power has fueled the demand for pet sitting services.

Over the years, the pet market worldwide has been growing at a significant rate as many countries have witnessed a high rate of pet adoption and animal care spending. People are spending more on the welfare of pets as they view them as their family members and are willing to invest their money to maintain the health of the pets. This has led to an increase in the health expenditure for pet care. According to the American Pet Products Association (APPA), in the U.S., pet owners spent USD 16 million in 2016. A survey from the Consumer Expenditure (CE) estimates that from 1996 to 2012, the spending on pets has been increased by 60%.

Increased penetration of millennials in the pet parent category has fueled the demand for advanced pet care services at convenient and reliable factors. According to the American Pet Products Association, millennials represent the largest segment of pet owners for all pet types, particularly birds, small exotic animals, and saltwater fish. In addition, in June 2019, over 80% of pet owners among millennials and Generation Z own dogs, while 50% or less own cats. Moreover, the overall spending in the U.S. pet industry increased by 4.4% in 2018 from 2017. Thus, rising spending on pets and their welfare has expanded the scope of innovative and time-saving pet services for pet owners, such as pet sitting.

In terms of application, daycare visits held a dominant position in the market in 2019. Increasing the working population among both men and women across regions provides a substantial boost to market growth. For instance, according to American Pet Products Association’s National Pet Owners Survey 2019-2020, there were 42.7 million households owning a pet cat and 63.4 million households owning pet dog in the U.S. Thus, owing to the busy schedule and speedy life of individuals, daycare visits for pets and animals are gaining huge traction.

Dogs emerged as the largest pet type segment with a revenue-based share of 37.9% in 2019. There are over 470 million dogs kept as pets across the globe, thus dogs emerged as the leading type of pet in 2018. For instance, according to the Insurance Information Institute, Inc., there were 63.4 million households in the U.S. owning pet dogs in 2019.

North America dominated the market with a revenue-based share of 43.1% in 2019. Increasing the prevalence of tech-savvy millennial pet owners is resulting in technological innovation in the pet sitting business. According to Packaged Facts, millennials accounted for 35% of all U.S. pet owners in 2018.

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Pet Sitting Market Report Highlights

• The pet transportation application segment is expected to expand at the fastest CAGR of 9.1% from 2020 to 2027
• By pet type, the dog category held the largest share of 37.9%
• Asia Pacific is expected to expand at the fastest CAGR of 9.2% from 2020 to 2027.

Pet Sitting Market Segmentation

Grand View Research has segmented the global pet sitting market by application, pet type, and region:

Pet Sitting Application Outlook (Revenue, USD Million, 2016 - 2027)

• Day Care Visits
• Dog Walking
• Pet Transportation
• Others

Pet Sitting Pet Type Outlook (Revenue, USD Million, 2016 - 2027)

• Dogs
• Cats
• Fish
• Cage Pets
• Others

Pet Sitting Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • Germany
  • The U.K.
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Pet Sitting Market

• A Place for Rover, Inc.
• DogVacay
• com
• G'Day! Pet Care
• FETCH! PET CARE, INC.
• Swifto Inc.
• Chicago Dog Walkers
• Best Friends Pet Care
• Camp Bow Wow
• PetSmart Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fishing Reels Market Overview, Analysis And Forecast To 2027: Grand View Research Inc.

 Fishing Reel Market Growth & Trends

The global fishing reel market size is expected to reach USD 5.97 billion by 2027, expanding at a CAGR of 4.2% from 2020 to 2027, according to a report conducted by Grand View Research, Inc. The growth of the market is attributed to growing interest among millennials worldwide in recreational activities, such as fishing. From a broad perspective, rising consumer spending on sports fishing equipment has been favoring market growth.

North America is likely to witness a healthy demand for the product throughout the forecast period. Fishing is among the most popular sports and outdoor recreational activities in U.S. The American Sportfishing Association (ASA) represents the entire sportfishing community in the country and encourages U.S. citizens to participate in fishing activities as a sport. Presence of such associations has been encouraging domestic manufacturers to increase their scale of operation within the country, backed by an expanding number of millennials in the country expressing their passion for fishing.

At a macro level, various factors including rising global participation rates in fishing activities, growing popularity of social media, and development of deep water offshore wind projects continue to favor market growth. Furthermore, growing trend of fishing tackle collection has been improving product circulation worldwide. In this regard, fishing reels are being increasingly considered a possession of gentility, along with other equipment, such as creels and fly rods.

North America emerged as the largest regional market for fishing reels in 2019 and is likely to retain its pole position throughout the forecast period. This region offers sports enthusiasts a surfeit of popular fishing locations. Some of the most popular locations include Silver Lake (California), Devils Lake (North Dakota), Lake Winnipeg (Manitoba, Canada), Lake Simcoe (Ontario, Canada), and Lake Washington (Minnesota). Furthermore, rising popularity of ice fishing in North America has been contributing to the healthy demand for all fishing equipment over the years.

Offline distribution channel continue to remain the most preferred sales platform for the product. These channels include independent sports outlets, specialty stores, discount stores, and departmental stores. Rising need for anglers to feel the product before making a purchase continues to contribute to the growth of the offline segment.

The market is characterized by intense competitive rivalry, with both domestic and international players sharing the market space. To stay competitive, prominent market participants have adopted new product launches as their key strategy over the years.

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Fishing Reel Market Report Highlights

• By type, the spinning reel segment accounted for the largest share of more than 33.0% in 2019
• Based on distribution channel, the offline segment dominated the market in 2019
• Rising popularity of outdoor recreational activities amongst the millennial and Gen z consumers is expected to favor market growth over the forecast period.

Fishing Reel Market Segmentation

Grand View Research has segmented the global fishing reel market on the basis of type, distribution channel, and region:

Fishing Reel Type Outlook (Revenue, USD Million, 2016 - 2027)

• Spinning Reel
• Baitcasting Reel
• Spincast Reel
• Others

Fishing Reel Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Fishing Reel Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)
  • UAE

List of Key Players of Fishing Reel Market

• Stradic
• Daiwa
• Creed
• GT
• Penn Spinfisher
• Pflueger
• Shimano
• Orvis
• Okuma
• LL Bean
• Abu

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Vegan Yogurt Market Expected To Propel Industry Growth By 2027: Grand View Research Inc.

Vegan Yogurt Market Growth & Trends

The global vegan yogurt market size is expected to reach USD 6.5 billion by 2027, expanding at a CAGR of 18.9%, according to a new report by Grand View Research, Inc. Rising importance of plant-based food in developed economies of North America and Europe as a result of growing popularity of vegan nutrition products among health conscious consumers is expected to be a key driving force. Furthermore, growing concerns regarding lactose intolerance on a global level have paved the way for milk alternatives such as vegan yogurt over the next few years.

Vegan yogurt is sold in various flavors including raspberry, strawberry, blueberry, vanilla, peach, lime, macchiato, salted caramel, lemon, cherry, chocolate, mango, rhubarb, pear, fig, kiwi, blackberry, kiwi, banana, pineapple, acai, apple, cinnamon, maple, chia, granola, pina colada, hibiscus, and date. While a number of flavors are being introduced in the market, the plain version is among the most preferred variants. It offers the option to add toppings like fresh fruits, nuts, or condiments based on personal preferences. Plain yogurt helps in moderating sugar intake depending on the requirements. Manufacturers have been taking these trends into consideration and have been launching products with low-profile flavors. Vegan yogurt with less than five grams of added sugar has been known to be preferred among consumers.

Some companies have been exhibiting a conscious effort to create environment friendly products. In January 2019, Yofix Probiotics Ltd. launched a dairy-free yogurt that is also free from soy, almond, and cashew, all of which require a great amount of water. The production process is designed to ensure zero waste and thus, the raw materials utilized in production remain in the final product. This vegan product is, therefore, environment friendly as well.

The manufacturing process for vegan yogurt has been undergoing rapid technological transformations. Most plant-based yogurts are made using starter culture developed in dairy products. In a research conducted in January 2020 by the Technical University of Denmark in collaboration with Carlsberg, Naturli’, and Novozymes, the researchers discovered that lactic acid bacteria can be used to create starter culture. Another production method used in the industry is the Bio 5 formula. Yofix Probiotics Ltd. uses this method, which lends vegan yogurt the texture and stability of conventional variants.

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Vegan Yogurt Market Report Highlights

• The soy segment accounted for the largest revenue share in 2019 by contributing 47.1% of the global revenue and is expected to maintain the dominance over the forecast period. The dominance is attributed to the lower cost of the product in comparison to most available alternatives in the market
• Rice is anticipated to be the fastest growing product segment, witnessing growth at a CAGR of 19.8% from 2020 to 2027. The product has been gaining popularity among customers as rice milk is considered to be the least allergenic milk amongst all the dairy milk alternatives
• The hypermarkets, supermarkets, and convenience stores segment accounted for the largest revenue share in 2019 and is expected to maintain the dominance over the forecast period owing to the availability of large grocery stores chain across the globe with a large customer base
• Europe dominated the market and held a share of 51.3% of the global revenue in 2019. Positive outlook towards plant-based foods in Western European countries including Germany, France, and Italy is expected to have a positive impact on the market.

Vegan Yogurt Market Segmentation

Grand View Research has segmented the global vegan yogurt market on the basis of, product, distribution channel, and region:

Vegan Yogurt Product Outlook (Revenue, USD Million, 2016 - 2027)

• Soy
• Almond
• Rice
• Others

Vegan Yogurt Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Hypermarket, Supermarket, & Convenience Stores
• Specialty Stores
• Online

Vegan Yogurt Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa

Key players in the Vegan Yogurt market

• Hain Celestial
• Danone
• General Mills Inc.
• Stonyfield Farm, Inc.
• Daiya Foods Inc
• Good Karma Foods, Inc.
• Hudson River Foods
• NANCY'S
• Kite Hill
• COYO Pty Ltd.
• Chobani, LLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.