Sports Nutrition Market to Expand at a CAGR of 10.9% Through 2028: Grand View Research Inc.

 

Sports Nutrition Market Growth & Trends

The global sports nutrition market size is expected to reach USD 34.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2021 to 2028. Growing awareness of fitness and active living among consumers is a major factor contributing to the growth of the segment. For instance, according to the Global Wellness Institute, the fitness and mind-body sector was valued at USD 542.0 billion in 2015 and reached USD 595.4 billion in 2017.

In addition, a rise in the number of gym-goers consuming supplements is driving the market. According to a study conducted in 2020, approximately half of the gym-goers consume supplements. Moreover, the importance of healthy eating and nutrition is growing among athletes. Many athletes are consuming nutritional products to enhance performance, muscle recovery, and endurance. This, in turn, is driving the market, globally.

Although the spread of COVID-19 has negatively impacted the market, immunity-boosting sports nutrition products are gaining traction globally. Many manufacturers are introducing nutritional products supporting the immunity system. For instance, in October 2020, Health XP launched Shield Whey, a whey protein powder with immunity-boosting vitamins such as vitamin C, vitamin K, and vitamin E. Moreover, personalized formulations for targeted nutrition goals such as plant-based workout mixes are also gaining popularity.

An increasing number of initiatives undertaken by the key stakeholders in the market is increasing the adoption of nutritional products. For instance, in May 2020, RBar Energy launched almond protein bars containing isoleucine, leucine, and valine to increase lean muscle mass. In December 2019, Herbalife Nutrition opened a new training facility in Chengdu, China. The training facility will allow the company to educate and train distributors and customers about its products and applications in China. Moreover, the players are adopting innovative strategies for promoting and increasing the adoption of these products. For instance, in March 2021, UK Pro League announced Veloforte as its official partner for performance nutrition products. Veloforte was to supply energy bars and other products to all players in the tour.

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Sports Nutrition Market Report Highlights

• The sports supplementssegment emerged as leading the type segment in 2020 and accounted for the largest revenue share of 82.2% in the market
• The brick and mortar segment accounted for the largest revenue share in 2020, whereas the e-commerce segment is projected to expand at the fastest CAGR during the forecast period
• North America accounted for the largest revenue share of 59.2% in 2020, whereas Europe is projected to expand at the fastest CAGR during the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-sports-nutrition-market

Sports Nutrition Market Segmentation

Grand View Research has segmented the global sports nutrition market on the basis of product type, distribution channel, and region:

Sports Nutrition Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Sports Drink
  • Isotonic
  • Hypotonic
  • Hypertonic
• Sports Supplements
  • Probiotics
  • Omega -3
  • Carbohydrates
  • Protein
  • Vitamin
  • Minerals
  • Amino Acids
• Sports Foods
  • Protein Bars
  • Energy Bars
  • Protein Gels

Sports Nutrition Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• E-commerce
• Brick and Mortar

Sports Nutrition Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Sports Nutrition Market

• Abbott
• Clif Bar & Company
• Science in Sport
• com Ltd.
• Cardiff Sports NutritionLimited
• Iovate Health Sciences International, Inc.
• Coca-Cola Company
• Glanbia plc
• MusclePharm
• Bountiful Company
• Post Holdings, Inc.
• BA Sports Nutrition, 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.

Market for Blood Testing to Reflect Steadfast Expansion During the Forecast Period: Grand View Research Inc.

 

Blood Testing Market Growth & Trends

The global blood testing market size is expected to reach USD 140.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.3% from 2021 to 2028. The shortened length of stay at hospitals and reduced contact between patient and concerned physician coupled with the rise in outpatient services have increased the demand for blood testing services. Additionally, the growing prevalence of target diseases such as diabetes, COVID-19, and cardiovascular diseases is expected to drive the market at a significant rate.

The preliminary blood testing techniques employed in medical and wellness settings play a crucial role in the management of patient health and prevention of cardiovascular disorders along with diabetes. However, presently several novel blood tests have been introduced into the market, which detect circulating DNA fragments in the bloodstream to facilitate diagnosis. Such tests, including, cancer and prenatal tests; have gained immediate traction as they are comparatively sophisticated. Thus, expanding research activities to unlock the potential of blood tests is expected to boost the market growth.

On the other hand, several biotech companies are investing in the development of cutting-edge, affordable blood testing products that could be employed each time at a doctor’s visit. For instance, SomaLogic, a company operational in Colorado, has developed the SOMAscan platform. This platform functions by quantifying large amounts of proteins in a blood sample to find relevant health traits in susceptible individuals. The company has already employed this approach to develop tests that detect early signs of heart disorders, liver disease, and diabetes, among few other conditions.

Scientists at Washington University in St. Louis (WUSTL) have recently performed a research activity showcasing a relatively faster and simpler blood testing solution. This blood test is designed to detect Covid-19 patients with higher susceptibility to severe complications or fatality in one day of hospital admission. This product detects mitochondrial DNA levels indicating predictable cell death in the body. 

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Blood Testing Market Report Highlights

• The COVID-19 testing segment dominated the market in 2020 owing to higher sales of these tests in comparison with the other segments
• Higher adoption of at-home glucose tests is anticipated to increase revenue generation in the market, making it the 3^rdlargest testing segment in 2020
• High incidence of type I and type II diabetes coupled with the rising risk of hereditary diabetes is among the factors responsible for the higher share of the glucose test segment
• Furthermore, diabetes monitoring is carried out before any surgical intervention. This increases the usage rate of blood glucose tests
• The availability of glucose monitoring meters that are reusable and user-friendly also contributes to the growth of the segment
• North America held the largest revenue share in 2020 and is expected to maintain its share during the forecast period
• Favorable government initiatives aimed at early disease diagnosis, the presence of well-established healthcare infrastructure, and the local presence of key service providers and instrument manufacturers such as Abbott Laboratories and Laboratory Corporation of America Holdings (LabCorp) in North America are the factors driving the market in the region
• In Asia Pacific, the market is expected to witness significant growth due to the presence of high unmet diagnostic needs, rapidly rising patient awareness regarding point-of-care diagnostic technologies and rising healthcare expenditure in India and China
• Growing medical tourism is also boosting the demand for patient monitoring using blood testing services. This positively impacts the blood-testing industry in the Asia Pacific
• The industry is driven by the presence of several large, mid-sized, and small companies in the region
• The key players are involved in the development and launch of novel products to increase their footprint. For instance, in August 2020, Trinity Biotech Plc company filed a EUA for COVID 19 testing product-Covid-19 IgG ELISA antibody test-with the FDA

Access Press Release@ https://www.grandviewresearch.com/press-release/global-blood-testing-market

Blood Testing Market Segmentation

Grand View Research has segmented the global blood testing market on the basis of test type and region:

Blood Testing Type Outlook (Revenue, USD Million, 2017 - 2028)

• Glucose
• A1C
• Direct LDL
• Lipid panel
• Prostate-specific antigen
• COVID-19
• BUN
• Vitamin D
• Thyroid-stimulating hormone
• Serum Nicotine / Cotinine
• High sensitivity CRP
• Testosterone
• ALT
• Cortisol
• Creatinine
• AST
• Other tests

Blood Testing Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Russia
  • Turkey
• Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • South Africa
  • Nigeria 

List of Key Players of Blood Testing Market

• Abbott
• Hoffmann-La Roche AG
• Bio-Rad Laboratories, Inc.
• bioMerieux SA
• Quest Diagnostics
• Biomerica, Inc.
• Becton, Dickinson and Company
• Siemens Healthineers
• Danaher Corporation
• Trinity Biotech Plc

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.

Canned Wines Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Canned Wines Market Growth & Trends

The global canned wines market size is expected to reach USD 571.8 million by 2028, registering a CAGR of 13.2%, according to a new report by Grand View Research, Inc. Shifting consumer preference for convenient, portable, and single-serve wine products is expected to be a key factor contributing to the growth of the market. An increasing number of college students and working individuals have been shifting their preference for alcoholic beverages from high alcohol by volume (ABV) dark spirits, such as whiskey and rum, to low ABV drinks like wine and vermouth.

Increasing spending by millennials and Gen Xers on canned wines in the U.S., the U.K., Germany, Japan, and Australia over the past few years has also fueled the market growth. Canned beverages are highly convenient due to the compact size of cans. Moreover, there has been a growing demand for portable and less fragile wine containers than glass. These factors are projected to support the market growth.

The rising popularity of outdoor sports and recreational activities among younger generations has boosted the demand for canned wine. The canned format of packaging adds to the premium appearance and enhances the overall appeal of the product; thus, manufacturers have been trying to tap this market with more product launches in this format. For instance, Sans Wine Company offers 375ml cans at a premium price of USD 12 – USD 25 each. The market is fragmented with the presence of a large number of domestic as well as global players.

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Canned Wines Market Report Highlights

• The sparkling product segment held the largest revenue share in 2020 and is expected to maintain dominance over the forecast period
• Key players are focusing on new product launches to increase sales and gain a higher market share
• Supermarkets & hypermarkets was the largest distribution channel segment in 2020. With the increasing number of supermarkets across the globe, major product manufacturers are making their products available through the offline sales channels
• The online distribution channel is anticipated to register the fastest growth rate during forecast years
• Online sales channels, such as official websites, are extremely helpful as they provide detailed product information, which boosts sales through these channels
• North America accounted for the largest revenue share in 2020 due to high product demand

Access Press Release@ https://www.grandviewresearch.com/press-release/global-canned-wine-market

Canned Wines Market Segmentation

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

Canned Wine Product Outlook (Revenue, USD Million, 2016 - 2028)

• Sparkling
• Fortified
• Others

Canned Wine Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarket & Hypermarket
• Online
• Other Stores

Canned Wine Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • Australia
  • Japan
• Central & South America
  • Argentina
• Middle East & Africa

List of Key Players of Canned Wines Market

• E & J Gallo Winery
• Union Wine Company
• Integrated Beverage Group LLC
• Sans Wine Co.
• Sula Vineyards Pvt. Ltd.
• The Family Coppola
• The Canned Wine Company

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.

Incontinence And Ostomy Care Products Market Outlook, Leading Manufacturers, Industry Analysis And Forecast: Grand View Research Inc.

 Incontinence And Ostomy Care Products Market Growth & Trends 

The global incontinence and ostomy care products market size is anticipated to reach USD 23.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028. The increasing incidence of colorectal cancer and urological diseases, such as Inflammatory Bowel Disease (IBD), urinary incontinence, and benign prostatic hyperplasia is anticipated to boost the market growth.

The growing risk of colorectal and urinary bladder cancer has increased the demand for ostomy care products. For instance, the American Cancer Society has reported that in 2019, the number of colorectal cases in the U.S. has increased to 101,420. This is expected to drive the growth of the market at a global level.

Increasing awareness initiatives by several market players to raise cognizance regarding these prosthetic medical devices globally is successfully breaking the stigma and taboo associated with the use of these products. For instance, Coloplast is a leading market player and has recently published Ostomy Life Study Review to raise awareness and improve the standard of ostomy care. This helps in effective patient care, building their confidence, and inspires them to live a quality life.

Moreover, the outbreak of COVID-19 has spurred the demand for incontinence products used in home settings. Since the majority of consumers are aged/seniors, there is a higher demand for these products. Restrictions on movement at international borders have created an opportunity for local players to enter the market and meet the unmet demands of the end-users. In November 2020, NorthShore Care Supply announced a free trial of 2 bags of adult diapers and a discount on all absorbents for ICU Nurses or other COVID first responders.

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Incontinence And Ostomy Care Products Market Report Highlights

• Based on type, the incontinence care products segment held the largest revenue share of around 74.9% in 2020. This can be attributed to the increasing cases of urological diseases, such as IBD, colon cancer, and bladder control problems
• The incontinence care products segment is further segmented into absorbents, incontinence bags, and others. Whereas, the ostomy care products segment is sub-divided into ostomy bags, deodorants, skin barriers, and irrigation products
• Europe dominated the market in 2020 with the largest revenue share of around 43.2%, owing to the increasing prevalence of urological diseases, supportive government policies, and increasing awareness programs

Access Press Release@ https://www.grandviewresearch.com/press-release/incontinence-and-ostomy-care-products-market

Incontinence And Ostomy Care Products Market Segmentation

Grand View Research has segmented the global incontinence and ostomy care products market on the basis of type and region:

Incontinence & Ostomy Care Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Incontinence Care Products
  • Absorbents
  • Incontinence Bags
  • Others
• Ostomy Care Products
  • Ostomy Bags
    • Colostomy Bags
    • Ileostomy Bags
    • Urostomy Bags
  • Deodorants
  • Skin Barriers
  • Irrigation Products

Incontinence & Ostomy Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Incontinence And Ostomy Care Products Market

• Coloplast Corp.
• Essity (Svenska Cellulosa Aktiebolaget)
• KCWW (Kimberly-Clark Corporation)
• Braun Melsungen AG
• Hollister Incorporated
• Unicharm Corporation
• ConvaTec Group Plc
• Welland Medical Ltd.
• Domtar Corporation
• Salts Healthcare Ltd.

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.

Antimicrobial Additives Market Exhibit a Steady 8.5% CAGR through 2028

 

Antimicrobial Additives Market Growth & Trends

The global antimicrobial additives market size is expected to reach USD 4.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 8.5% from 2021 to 2028. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the Covid-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of Covid-19 will positively impact the market growth. Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

On the basis of type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for 52.0% of the global revenue share in 2020. The inorganic type segment is expected to witness significant growth due to the high demand for silver-, copper-, and zinc-based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and providing protection against microbial growth.

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Antimicrobial Additives Market Report Highlights

• In terms of revenue, the inorganic type segment accounted for the highest share in 2020 and is expected to expand at the fastest CAGR over the forecast period
• The healthcare end-use segment dominated the global market and accounted for more than 25% of the overall revenue in 2020
• Asia Pacific accounted for the largest revenue share in 2020 and is estimated to register the fastest CAGR from 2021 to 2028
• The growth of the APAC regional market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan
• The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth
• For instance, In November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its “Sanitized” antimicrobial additives in the Eastern Europe market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-antimicrobial-additives-market

Antimicrobial Additives Market Segmentation

Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use, and region:

Antimicrobial Additive Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Organic
• Inorganic
  • Silver
  • Copper
  • Zinc

Antimicrobial Additive Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Plastics
• Paints & Coatings
• Pulp & Paper
• Others

Antimicrobial Additive End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Healthcare
  • Minimally Invasive Medical Products
  • Endotracheal Tubes
  • Wound dressing
  • Surgical drapes
  • Syringes
  • Re-usable Medical items
    • Hospital Bedding
    • Dental trays
    • Beds
    • Hospital gowns
    • Orthopedic devices
    • Laparoscopic Instruments
    • Medical Scrubs
  • Packaging
    • Food Packaging
      • Active Packaging
      • Controlled Release Packaging
    • Non-food Packaging
  • Food & Beverage
    • Bakery Food
    • Beverages
    • Dairy
    • Meat Processing
  • Building & Construction
    • Insulation
    • Faucets & Fixtures
    • Door Hardware
    • Sealants & Grouts
    • Carpet
    • Paints
    • OSB
    • Melamine
    • Others
  • Automotive & Transportation
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Train
    • Aeroplanes
  • Textile
    • Apparels
    • Home Textiles
    • Footwear
    • Sport Textiles
    • Non-woven
    • Others
  • Consumer Goods
    • Cleaning Products
    • Cosmetics
    • Toys
  • Others

Antimicrobial Additive Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Antimicrobial Additives Market

• NanoBioMatters Industries S.L.
• BASF SE
• RTP Company
• Milliken Chemical
• BioCote Ltd.
• Microban International
• Clariant AG
• PolyOne Corp.
• Momentive Performance Materials, Inc.
• Life Materials Technologies Ltd.
• SteriTouch Ltd.
• Sanitized AG
• Dow, Inc.
• LyondellBasell Industries Holdings B.V.
• Plastics Color Corp.
• Lonza

 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.

Automotive Wrap Films Market Industry Outlook & Future Forecast Report Till 2028: Grand View Research Inc.

 The global automotive wrap films market size is expected to reach USD 17.6 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 22.5% over the forecast period. High application scope, coupled with increasing demand from light duty vehicles, is likely to have a positive impact on market growth. The market has witnessed major advancements, both in terms of technology and material, to facilitate low cost and mass production of automotive wrap films. This has also led to flexibility in design and ease of manufacturing for a wide range of applications including heavy, medium, and light duty vehicles.

Demand for automotive wrap films in Asia Pacific is expected to register the fastest CAGR during the forecast period. Growing automotive industry, coupled with rising population and increasing disposable income of middle-class families in emerging economies of the region, is likely to be the primary driving factor in the coming years. Moreover, growing interest in vehicle color change among consumers is expected to propel demand for automotive wrap films in the region.

The medium duty vehicles segment is anticipated to witness considerable growth during the forecast period. Rapid industrialization, coupled with government initiatives to facilitate various policies in economies such as India, is projected to drive growth over the next few years. Growing population in the region also creates significant opportunities for development of the automotive wrap films market over the forecast period.

Growing construction, transportation, and industrial sectors are likely to increase sales of heavy-duty vehicles during the forecast period. Increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in North America, is expected to have a positive impact on the demand for automotive wrap films in the coming years.

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

Further key findings from the report suggest:

• Light-duty vehicles are expected to be the fastest growing application segment in the automotive wrap films market
• North America was estimated as the largest market for automotive wrap films in 2019, owing to increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in the region
• S. is the fastest growing country in the North America market on account of rising demand for customized vehicles.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automotive-wrap-films-market

Grand View Research has segmented the global automotive wrap films market on the basis of basis of application and region:

Automotive Wrap Films Application Outlook (Revenue, USD Million, 2016 - 2027)

• Heavy duty vehicles
• Medium duty vehicles
• Light duty vehicles

Automotive Wrap Films Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Belgium
  • Netherlands
  • Spain
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Indonesia
  • Malaysia
  • Thailand
  • New Zealand
  • Philippines
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South 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.

Cold Storage Market to Rear Excessive Growth CAGR of 13.5% from 2021 to 2028

 

Cold Storage Market Growth & Trends

The global cold storage market size is expected to reach USD 291.30 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 13.5% from 2021 to 2028. The retail sector in emerging economies, such as India and China, is getting more organized and this trend is expected to augment the demand for cold storage over the forecast period. Government policies to deregulate the entry of foreign companies have increased the Foreign Direct Investment (FDI) in the retail sectors of such regions.

Organized retail stores use better refrigeration and improved storage technology than traditional stores. Thus, consumers are increasingly purchasing frozen foods from these retail stores. With the increased demand for chilled and frozen foods and the rapidly expanding of the organized retail sector, the demand for cold storage solutions is expected to grow over the projected period. The organized retail supports different outlet formats depending on spending power and proximity from major residential and consumption clusters.

The offline mode of organized retailing is categorized into convenience stores, supermarkets, and hypermarkets based on the product range and surface coverage. On the other hand, the lack of power hook-ups for reefer trailers at transportation hubs and ports coupled with the lack of reliable power supply for cold warehouses further increases the operating costs.

However, this also offers opportunities for companies to develop unique solutions or leverage alternative energy sources that can overcome these issues in emerging markets. Furthermore, new transportation means, such as versatile refrigerated containers, are being developed to overcome the lack of adequate transportation facilities. These solutions can provide access to international markets and offer opportunities for farmers and small-scale businesses in these regions.

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Cold Storage Market Report Highlights

• Low carbon design, environmental auditing, and construction of energy-efficient cold storage warehouses are the factors anticipated to fuel the demand for cold storage
• Growing supermarket shopping culture and rising consumer preference towards private labels are the key factors for the expansion of food retail chains across the globe
• The frozen segment is anticipated to expand at a CAGR of 12.5%. The growth is attributed to the significant changes in living standards and food consumption behavior of consumers
• The processed food application is anticipated to witness a high CAGR of 16.7% over the projected period
• Having realized that the market for cold storage in Japan is increasingly being saturated, the cold storage operators in the country would be looking for opportunities to increase the international trade
• The key market players include Barloworld Limited (South Africa), VersaCold Logistics Services (Canada), Cloverleaf Cold Storage (U.S.), and Henningsen Cold Storage (U.S.)

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cold-storage-market

Cold Storage Market Segmentation

Grand View Research has segmented the global cold storage market based on warehouse type, construction type, temperature type, application, and region:

Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Private & Semi-private
• Public

Cold Storage Construction Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Bulk Storage
• Production Stores
• Ports

Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Chilled
• Frozen

Cold Storage Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Fruits & Vegetables
• Dairy
• Fish, Meat & Seafood
• Processed Food
• Pharmaceuticals

Cold storage Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
• South America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Cold Storage Market

• Americold Logistics, LLC
• Burris Logistics
• Barloworld Limited
• Cloverleaf Cold Storage
• Henningsen Cold Storage
• Swire Group
• Wabash National 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.

Medical Polymers Market Size is Expected to Reach $27.75 Billion by 2028| Top Industry Leaders Celanese Corporation, Eastman Chemicals

 

Medical Polymers Market Growth & Trends

The global medical polymers market size is anticipated to reach a value of USD 27.75 billion by the end of the forecast period in 2028, as per a new market study by Grand View Research, Inc. It is projected to expand at a CAGR of 8.0% from 2021 to 2028. Growing demand for medical and pharmaceutical packaging, especially flexible packaging for medicines, blood bags, surgical gloves, and medical drapes, has been driving the market growth over the last few years. The growing importance of medical polymers in hip and joint replacement applications, and spinal and cranial implants, is gaining popularity and is expected to significantly impact the market growth.

The medical devices and equipment was the largest application segment for medical polymers, with a market share of 53.80% in 2020. The growing scope of flexible packaging in medical goods is anticipated to drive the growth of the segment. The increasing consumer awareness of hygiene further supports the demand for flexible packaging in medical goods. The rise of the home healthcare market has contributed to the growing popularity of medical polymers, and this trend is expected to continue in the forthcoming years.

Increasing R&D spending for biodegradable plastics coupled with application development by market participants is anticipated to create promising prospects for market growth. PVC and PP occupy the largest market share due to various superior attributes such as high mechanical, thermal, chemical strength, wear and corrosion resistance, and high resilience and endurance levels. This allows these materials to be consumed in various medical applications. However, raw material price volatility and crude oil price fluctuation can impact market growth.

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Medical Polymers Market Report Highlights

• In terms of product, the fibers and resins segment occupied a market share of 74.36% in 2020. The high demand can be attributed to the better thermal and chemical resistance properties of the product
• The biodegradable plastics segment is anticipated to register a CAGR of 15.7% during the forecast period. The rising adoption of biodegradable plastics in the manufacturing of a range of medical equipment and its growing use in prosthetics for replacement procedures is anticipated to drive the demand during the forecast period
• The medical devices and equipment segment is projected to dominate the demand in terms of application, with a market share of 53.8% in 2020. Increasing use of polymers in the manufacturing of implants, joint & hip replacements, and cardiology stents are projected to drive the market growth during the forecast period
• The Asia Pacific region is anticipated to dominate the demand for medical polymers in terms of production and consumption. The region is estimated to expand at a CAGR of 9.2% during the forecast period. Improvement in the standard of living, rising awareness about the benefits of medical polymers compared to their traditional counterparts, and rise in home healthcare devices have been the factors driving the regional demand

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-polymer-market

Medical Polymers Market Segmentation

Grand View Research has segmented the global medical polymers market based on product, application, and region:

Medical Polymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Resins & Fibers
  • Polyvinyl Chloride
  • Polypropylene
  • Polyethylene
  • Polystyrene
  • Others
• Medical Elastomers
  • Styrene Block Co-polymer
  • Rubber Latex
  • Others
• Biodegradable Plastics

Medical Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Equipment & Devices
• Medical Packaging
• Others

Medical Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Polymers Market

• Evonik Industries AG
• DSM N.V.
• BASF SE
• Celanese Corporation
• Eastman Chemical
• Exxon Mobil Corporation
• Kraton Performance Polymers Inc.
• Formosa Plastics 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.

Immunoassay Market Share, Growth Analysis And Industry Size Forecasts To 2028: Grand View Research Inc.

 

Immunoassay Market Growth & Trends 

The global immunoassay market size is expected to reach USD 36.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2021 to 2028. The introduction of PoC rapid tests and automated immunoassay analyzers is driving the market growth. In addition, the rising number of chronic and infectious diseases is also leading to high market growth.

According to the American Cancer Society, there are an estimated 16.9 million cancer patients/survivors in 2020. Data from the same source suggests that over 1.8 million new cases are expected to be diagnosed in the same year. Around 1.8 million cancer cases were diagnosed in the U.S., according to National Cancer Institute 2019 data. According to the American Cancer Society, nearly 606,880 deaths occurred due to cancer in the U.S. in 2019. Thus, the rise in the number of cancer cases being diagnosed is driving the demand for immunoassays. This is expected to boost the market in the coming years.

Furthermore, growing awareness about infectious diseases and preventive measures has led to high demand for rapid diagnostic test products, thereby increasing sales. Based on a survey by the WHO on the World malaria report 2018, manufacturers reported sales of 276 million for lateral flow assays in 2017. It also reported that around 75.0% of malaria cases were diagnosed using lateral flow assays in sub-Saharan Africa in 2017.

Several smartphone-based devices and associated tools have emerged as next-generation point-of-care diagnostics or testing devices, boosting the market growth. For instance, a smartphone application combined with the autonomous capillary microfluidic chip is used for rapid testing of cardiac troponin I in myocardial infarction. This platform can be easily used in resource-limited settings, providing test results within 12 minutes. Thus, novel technological advancements are anticipated to further drive the market over the forecast period.

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Immunoassay Market Report Highlights

• In 2020, the Enzyme Immunoassays (EIA) segment held the largest revenue share as this technique is used for detecting specific antigens or antibodies in samples. This technique aids in the precise detection of chronic and infectious diseases
• The rapid tests segment also held a significant revenue share in 2020 due to the rise in demand for early diagnosis
• The infectious disease testing segment dominated the market in 2020 due to the rise in the incidence of infectious diseases such as HIV, malaria, influenza, and the novel COVID-19
• The clinical laboratories segment is anticipated to grow at a rapid pace over the forecast period owing to the increasing establishment of diagnostic labs in key regions and the large number of tests being conducted by them
• North America accounted for the largest regional market share in 2020. Well-established healthcare infrastructure and easy availability of technologically advanced instruments in the U.S. are some of the leading factors that can be attributed to the large segment share of this region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-immunoassay-market

Immunoassay Market Segmentation

Grand View Research has segmented the global immunoassay market report on the basis of product, technology, application, end use, and region:

Immunoassay Product Outlook (Revenue, USD Million, 2016 - 2028)

• Reagents & Kits
• Analyzers/Instruments
  • Open-Ended Systems
  • Closed-Ended Systems
• Software & Services

Immunoassay Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Radioimmunoassay (RIA)
• Enzyme Immunoassays (EIA)
  • Chemiluminescence Immunoassays (CLIA)
  • Fluorescence Immunoassays (FIA)
• Rapid Test
• Others

Immunoassay Application Outlook (Revenue, USD Million, 2016 - 2028)

• Therapeutic Drug Monitoring
• Oncology
• Cardiology
• Endocrinology
• Infectious Disease Testing
• Autoimmune Diseases
• Others

Immunoassay End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Blood Banks
• Clinical Laboratories
• Pharmaceutical and Biotech Companies
• Academic Research Centers
• Others

Immunoassay Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Spain
  • France
  • Italy
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Immunoassay Market

• Siemens Healthineers
• bioMérieux SA
• Abbott Laboratories
• Danaher Corporation (Beckman Coulter)
• Quidel Corporation
• Ortho Clinical Diagnostics
• Sysmex Corporation
• Bio-Rad Laboratories, Inc.
• Becton, Dickinson, and Company
• Hoffmann-La Roche AG
• Thermo Fisher Scientific, 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.

Plastic Compounding Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Plastic Compounding Market Growth & Trends

The global plastic compounding market size is anticipated to reach USD 93.1 billion by 2028, according to a report by Grand View Research, Inc., growing at a CAGR of 5.5% over the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires & cables industries is anticipated to fuel the market growth.

However, the COVID-19 outbreak has affected the raw material prices of plastic compounding. Recently, crude oil prices slumped due to the global pandemic. A decline in demand, halts or slowdowns in the manufacturing industry, and restrictions in supply & travel are resulting in the reduction of crude oil prices. Thus, the raw material providers who can procure or store crude oil in the current situation can generate a significant profit margin.

Polyethylene Terephthalate (PET) is the plastic used for manufacturing bottle containers that are used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and, in turn, is anticipated to drive the market growth over the forecast period.

Asia Pacific was the leading market for the PET compound segment in 2019. Ever-increasing demand for beverages, mainly carbonated and nutritional drinks, is anticipated to drive the regional consumption of PET compounds. This trend is favored by a rise in population, changing lifestyles, and the emergence of domestic beverage manufacturers. The presence of a large pool of contract bottlers in the region shall also increase the scope of the packaging application segment.

Traditionally, the construction industry has been a major consumer of plastics with product applications ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance with their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds.

Developing countries, such as Mexico, are expected to benefit from the rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior, from considering cars as luxuries to necessities, are also significant factors anticipated to boost the plastics sector growth.

The COVID-19 pandemic has affected the revenue generation of the companies operating in the global market. For instance, SABIC, one of the prominent players, witnessed a decline in revenue in the first quarter of 2020 by 18% as compared to the first quarter of 2019 due to decreased product demand as a result of challenges in supply/demand balance caused by the pandemic.

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Plastic Compounding Market Report Highlights

• The global market was valued at USD 61.4 billion in 2020 and is estimated to grow at a CAGR of 5.5% from 2021 to 2028
• In terms of revenue, Polypropylene (PP) held the largest revenue share in 2020 as it is the most consumed product
• High demand for PP from the global packaging and medical device industries is estimated to drive the segment growth over the forecast period
• Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the product demand in the electronics and electrical industry
• Construction is the leading application segment for Polyethylene (PE) compounds, with the segment accounting for a mass application globally
• Major manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position in the global market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plastic-compounding-market

Plastic Compounding Market Segmentation

Grand View Research has segmented the global plastic compounding market on the basis of product, application, and region:

Plastic Compounding Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

Plastic Compounding Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

Plastic Compounding Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Plastic Compounding Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, 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.