Vitamin Supplements Market to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 Vitamin Supplements Market Growth & Trends

The global vitamin supplements market size is expected to reach USD 71.37 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The market is predominantly driven by the growing awareness regarding the nutrition intake associated with health.

The nutraceutical industry is an evolving and dynamic sector, which offers novel opportunities to collaborate scientific discovery with the growing consumer interest in health-enhancing foods. It tracks and monitors consumer trends and relationships with mass distributors, thus the products developed in this industry are a response to direct demand. It is used to improve health, delay the aging process, prevent chronic diseases, increase life expectancy, and support the structuring and functioning of the body.

Awareness among consumers regarding health and wellness is shifting the trend toward the “Prevention is better than cure” ideology. This has resulted in more consumers relying on nutraceuticals, functional foods, and dietary and vitamin supplements to lead a healthy and disease-free life.

Nutraceuticals including vitamin supplements have received immense focus in the recent past owing to their nutritional and pharmaceutical benefits along with being safe for consumption without significant side effects. This has led to an explosive growth of the nutraceutical market across the globe.

Vitamin supplements are widely consumed as nutritional supplements across the world as they are useful in the treatment of various diseases and support overall immunity. The manufacturers operating in the market have witnessed an increase in demand due to the COVID-19 pandemic.

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Vitamin Supplements Market Report Highlights

• On the basis of type, the multivitamin segment dominated the market in 2020 with a revenue share of over 40.0%. This is due to the high demand for a blend of vitamins for the overall improvement of health and wellness
• In terms of form, gummies are expected to expand at the fastest CAGR of 7.0% from 2021 to 2028. It is a sweet jelly-like form, is easy-to-carry, and offers better taste, good mouth feel, and essential nutrients
• Based on distribution channel, the online segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028 as it provides ease of ordering the required supplements directly from the website, along with free shipping and home delivery services
• North America dominated the market with a revenue share of over 30.0% in 2020. The increasing demand for functional food and health supplements among consumers is a major factor driving the market in the region
• In 2020, Pharmavite, the U.S.-based dietary supplement manufacturer, launched personalized vitamin and supplement subscription service as an extensive brand of Nature Made. This service helps the company to improve its brand value and customer relations

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Vitamin Supplements Market Segmentation

Grand View Research has segmented the global vitamin supplements market on the basis of type, form, distribution channel, and region:

Vitamin Supplements Type Outlook (Revenue, USD Million, 2017 - 2028)

• Multivitamin
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K

Vitamin Supplements Form Outlook (Revenue, USD Million, 2017 - 2028)

• Powder
• Tablets
• Capsules
• Softgels
• Gummies
• Others

Vitamin Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Others
• Online

Vitamin Supplements Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Vitamin Supplements Market

• Glanbia Plc
• Pfizer Inc.
• Bayer AG
• Amway Corp.
• GlaxoSmithKline plc.
• Good Health New Zealand
• The Nature's Bounty Co.
• NOW Foods
• Abbott
• Herbalife Nutrition
• Nature's Sunshine Products, Inc.
• NU SKIN
• RBK Nutraceuticals Pty Ltd.
• American Health, Inc.
• Pharmavite

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.

North America And EMEA Ferrosilicon Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 North America And EMEA Ferrosilicon Market Growth & Trends

The North America and EMEA ferrosilicon market size is expected to reach USD 3.81 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 2.6% during the forecast period. Increasing demand for ferrosilicon as inoculant and deoxidizer in industries including steel and iron casting is anticipated to propel the market growth over the coming years.

Rising demand for electrical steel in the production of motors, transformers, and amplifiers owing to its properties that improve the electrical resistivity is the major factor fueling the market growth. Moreover, increasing demand from applications, such as electricity transmission and distribution, power generation, automobiles, renewable energy, industrial machines, and home appliances, is further expected to drive the market over the forecast period.

North America And EMEA Ferrosilicon Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 3.34 billion
Revenue forecast in 2028	USD 3.81 billion
Growth rate	CAGR of 2.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

The industry is facing strict government mandates and ups and downs in the raw material supply chain. These are some prime challenges that companies need to work upon. Manufacturers are investing in developing technologies to curb CO₂ emissions and lower the energy consumption in the production of ferrosilicon by opting for biochar pellets and charcoal.

Established market players are opting for sustainable methods for manufacturing steel, which is one of the key applications of the market. For instance, in October 2020, ArcelorMittal Europe announced to produce green steel using CO₂ technology, which enables to offer green solutions to the consumers. The company’s target is to reduce carbon footprints by 30% by 2030.

Ferrosilicon acts as a manufacturing additive in the production of steel and its products. Many key players of the steel industry are investing in mergers & acquisitions for product advancement. For instance, in January 2021, United States Steel Corp. acquired Big River Steel for approximately USD 774 million on account of manufacturing sustainable and high-strength steel. The steelmakers have collaborated to produce low-cost mini-mill technologies and focus on product innovation.

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North America And EMEA Ferrosilicon Market Report Highlights

• The stainless steel application segment led the market in 2020 due to the high consumption of stainless steel in the production of utensils and surgical instruments
• Cast iron is expected to register a growth rate of 2.5%, in terms of revenue, from 2021 to 2028 owing to its growing deployment in various applications
• Growing emphasis on creating differentiation in cookware products and the making of machines & automotive parts has led to the growth of the cast iron market
• Europe dominated the market with more than 63% share of the total revenue in 2020. Growing business opportunities in the ferroalloys and steel industry coupled with rising emphasis on crude steel production in Europe is anticipated to drive the product demand over the forecast period
• Middle East and Africa are expected to exhibit a CAGR of 2.3%, in terms of revenue, from 2021 to 2028. The demand for the machinery of the oil & gas industry is high in the region for carrying out exploration & production activities, which, in turn, is expected to drive the market

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North America And EMEA Ferrosilicon Market Segmentation

Grand View Research has segmented the North America and EMEA ferrosilicon market on the basis of application and region:

North America& EMEA Ferrosilicon Application Outlook (Volume Kilotons; Revenue, USD Million, 2017 - 2028)

• Carbon & Alloy Steel
• Stainless Steel
• Electrical Steel
• Cast Iron
• Others

North America& EMEA Ferrosilicon Regional Outlook (Volume Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Russia
  • UK.
  • Germany
• Middle East & Africa
  • GCC

List of Key Players of North America And EMEA Ferrosilicon Market

• Eurasian Resources Group
• Ferroglobe
• Eti Elektrometalurji AS
• Elkem ASA.
• Iran Ferroalloys Co.
• FINNFJORD AS
• Eramet Norway
• Thyssenkrupp Materials Trading GmbH
• Huta Łaziska SA
• EFACO

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.

Translucent Concrete Market To Benefit from Increased Global Uptake of 2021 By 2028

 Translucent Concrete Market Growth & Trends

The global translucent concrete market size is expected to reach USD 39.4 million by 2028, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 47.6% from 2021 to 2028. The emerging trend of sustainable construction materials, along with the rising preference for energy-efficient state-of-the-art building structures in metropolitan cities, is expected to bolster the market growth over the forecast period.

Translucent concrete or light-emitting concrete allows enough light to pass through it, resulting in the reduction of power consumption, especially in commercial buildings, such as corporate offices, educational institutions, shopping malls, and various others. Hence, it is emerging as an eco-friendly and energy-efficient alternative to traditional concrete.

The product attains high strength due to the presence of a large amount of concrete in volume mixing it up with fine aggregates and optical fibers in a smaller volume. Even the smaller volume of fibers in the mixture is capable enough to transmit light from one end of the concrete block or slab to the surface. In addition, apart from its environmental and economic advantages, the product makes the surrounding more visually appealing and enhances the overall aesthetic value of the building structure.

The growing application of translucent concrete in residential buildings in the form of wall cladding, roofing, and flooring is steadily increasing the utilization of the product in economies, such as China, Germany, Saudi Arabia, and UAE. Shifting consumer preferences towards advanced interior designs such as facades, wall partitions, desks, and others having exceptional looks with energy-efficient qualities is further expected to increase the product demand in the future.

Prominent players in the market are focusing to improve the product in terms of cost as the presence of optical fibers makes the product expensive to be used in large projects. Several applications of translucent concrete include wall cladding, roofing, flooring, and others.

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Translucent Concrete Market Report Highlights

• The concrete raw material segment is expected to expand at the fastest CAGR over the forecast period due to the high utilization of the same in terms of volume for maintaining the overall strength of the concrete material
• In 2020, the wall cladding application segment dominated the market with a share of over 65.0% in terms of revenue and is likely to grow at a significant rate in the forecast period. Increasing demand for concrete material that can absorb maximum possible light during the daytime to emit in the interior parts of the building is the major driving factor
• In North America, the wall cladding application segment held the largest revenue share in 2020 on account of the rising demand for green building construction materials
• Asia Pacific is expected to expand at a significant rate in the forecast period on account of the increasing number of commercial and residential buildings in countries, such as China, Japan, and South Korea. Moreover, increasing population is likely to increase the material consumption in the residential application segment and thus is expected to influence the market growth
• Prominent players in the market are focusing on low-cost manufacturing techniques for the production of translucent concrete to keep intact with the demand. Moreover, technical expertise, skilled labor, and research & development are being executed by the majority of the players, which is expected to influence the market growth on a positive note

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Translucent Concrete Market Segmentation

Grand View Research has segmented the global translucent concrete market on the basis of raw material, application, end use, and region:

Translucent Concrete Raw Material Outlook (Revenue, USD Thousand, 2017 - 2028)

• Concrete
• Fibers

Translucent Concrete Application Outlook (Revenue, USD Thousand, 2017 - 2028)

• Wall Cladding
• Roofing
• Flooring
• Others

Translucent Concrete End-use Outlook (Revenue, USD Thousand, 2017 - 2028)

• Residential
• Non-residential

Translucent Concrete Regional Outlook (Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of Translucent Concrete Market

• LUCEM GmbH
• CRE Panel GmbH
• LCT GesmbH
• Fapinex LLC
• Josef Loacker GmbH
• Luccon Lichtbeton GmbH
• Gravelli
• LiTraCon Bt
• Pan-United Corporation Ltd.
• Beton Broz (DITON S.R.O)
• Glass Block Technology Limited
• Florack Bauunternehmung GmbH

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.

Subscription Billing Management Market Soaring Demand Assures Motivated Revenue Share By 2030

 Subscription Billing Management Market Growth & Trends

The global subscription billing management market size is expected to reach USD 17.95 billion by 2030, registering a CAGR of 16.1% during the forecast period, according to a new report by Grand View Research Inc. The growing adoption of the billing management and subscription models in utilities, media & entertainment, and the public sector will create more growth opportunities for the subscription billing management industry during the forecast period.

Service providers in these industries are focused on providing high-quality and better solutions to clients. Additionally, the desire to reduce operating expenses and the demand for cloud-based software would further broaden the scope of the market for subscription billing management.

Several subscription billing management service providers also provide periodic bill payments, which can be obtained by attaching the user's debit and credit cards or bank account. This ensures that greater importance is needed on adding a high level of security to each payment process to gain more trust from the customer and avoid financial ramifications in the event of hacking or fraud.

The subscription model is also gaining importance across the travel industry. Travel companies are shifting to this model to offer cheaper travel to frequent travelers and save their time at ticket counters. Major commercial airlines are making efforts to introduce subscription services to boost customer loyalty and retention. For instance, in October 2019, Delta airlines announced the launch of a paid membership option named SkyMiles Select for members of SkyMiles. SkyMiles Select is an annual membership worth USD 59, which provides travelers unlimited priority boarding, a special bag tag, and eight free onboard drinks every year.

The outbreak of the COVID-19 pandemic had a moderately positive impact on the demand for subscription billing management software. Companies worldwide are expected to adapt to new customer norms and new business models. They need to respond to long-term social changes, including how customers select products and channel preferences. Changes in customer behavior are expected to accelerate the need to integrate enhanced digital payment solutions into subscription billing management platforms.

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Subscription Billing Management Market Report Highlights

• Subscription order management held the largest share in the software segment, as it helps companies in winning new customers by providing subscriptions containing the appropriate mix of products, recurring and one-time services, and third-party content
• Professional services held the largest share in the services segment as they help businesses in installing the software, aligning the software with the existing systems, and operating the software efficiently
• The cloud segment is expected to continue its dominance over the forecast period, as cloud deployment can potentially make the subscription management process more efficient
• Various factors, such as the increasing adoption of cloud-based solutions across the U.S., have resulted in the increased automation of subscription methods in the North American regional market

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Subscription Billing Management Market Segmentation

Grand View Research has segmented the global subscription billing management market based on software, services, deployment, enterprise size, end-use, and region:

Subscription Billing Management Software Outlook (Revenue, USD Million, 2017 - 2030)

• Credit And Collection Management
• Receivables Management
• Quote And Pricing Management
• Subscription Order Management
• Dispute Management
• Others

Subscription Billing Management Services Outlook (Revenue, USD Million, 2017 - 2030)

• Professional Services
• Managed Services

Subscription Billing Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Subscription Billing Management Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Subscription Billing Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Retail & E-Commerce
• IT & Telecom
• Media & Entertainment
• Healthcare
• Others

Subscription Billing Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players in the Subscription Billing Management Market

• Aria Systems, Inc.
• Oracle
• BluSynergy
• SAP SE
• Conga
• Recurly, Inc.
• Gotransverse
• cleverbridge
• Zuora Inc.
• LogiSense 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.

North America Plastic Recycling Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 North America Plastic Recycling Market Growth & Trends

The North America plastic recycling market size is expected to reach USD 7.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.1% from 2021 to 2028. Recycled plastic packaging provides an environment-friendly solution compared to virgin plastic. The growing use of recycled plastics in packaging is expected to fuel the demand for plastic recycling in the region. The packaged food industry in North America has grown tremendously in recent years.

The packaged food industry is driven by innovation in processing techniques, which are used for enhancing the shelf life of food products. The demand for packaging is high, especially for snack food and beverage products, which can be attributed to technological improvements, lifestyle changes of consumers, modern retail trades, and the increasing popularity of quick-service restaurants. For example, consumers in North America prefer packaging that is light and aesthetically appealing. This is likely to fuel the growth of packaging in the coming years, thereby creating demand for plastic recycling.

North America Plastic Recycling Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 3.3 billion
Revenue forecast in 2028	USD 7.7 billion
Growth rate	CAGR of 13.1% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

Furthermore, growing demand for packaged foods is anticipated to prompt manufacturers to increase production capacity, thereby, augmenting the demand for packaging over the forecast period. For instance, The Coca-Cola Company, which is engaged in the production of beverages, has achieved 88% of its packaging products made from recycled plastics in 2019 and aims to increase this number to 100% by 2025. In recent years, there has been a significant shift toward the adoption of recycled plastics as a sustainable packaging solution.

The outbreak of COVID-19 has further fueled the growth of packaging. Social distancing measures, health awareness, and lockdown imposed by various governments to contain the spread of the pandemic have compelled consumers to rely more on food delivery services and e-commerce sites. Thus, the growing packaging industry is anticipated to create significant demand for recycled plastics in coming years thereby, further propelling the growth of the market in the region.

The recycled polyethylene product segment is estimated to witness significant growth over the forecast period. This is attributed to the rising consumption of polyethylene for the production of reusable bags, agriculture films, toys, milk bottles, housewares, containers, shampoo bottles, trays, food packaging films, and toys, among others. Furthermore, properties such as excellent resistance to solvents, high tensile strength, flexibility, toughness, and relative transparency are driving the demand for polyethylene in the above-mentioned application.

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North America Plastic Recycling Market Report Highlights

• In terms of revenue, the polyethylene segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
• The packaging end-use segment dominated the market and accounted for more than 36.0% of the revenue share in 2020
• As of 2020, the U.S. accounted for more than 90.0% revenue share in the overall market. Growing environmental concerns and government investments in advanced plastics recycling technologies are expected to positively influence the growth of the market in the U.S.
• Various strategic initiatives were recorded over the past few years to boost the growth of the market in North America. For instance, in February 2020, Carbonlite Inc. planned to construct its fourth PET recycling plant near Orlando, Florida in the U.S. The plant is expected to be functional by the end of 2021, with a recycling capacity of 40,000 tons per annum

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North America Plastic Recycling Market Segmentation

Grand View Research has segmented the North America plastic recycling market on the basis of basis of product, process, end-use, and country:

North America Plastic Recycling Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polyethylene
  • High-Density Polyethylene
  • Low Density Polyethylene
  • Linear Low-Density Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others

North America Plastic Recycling Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Chemical
• Mechanical

North America Plastic Recycling End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Packaging
• Electrical & Electronics
• Textiles
• Automotive
• Others

North America Plastic Recycling Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada

List of Key Players of North America Plastic Recycling Market

• Agilyx
• Brightmark LLC
• PLASTIPAK HOLDINGS, INC.
• MBA Polymers Inc.
• UltrePET LLC
• KW Plastics

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 Device Packaging Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Medical Device Packaging Market Growth & Trends

The global medical device packaging market size is expected to reach USD 48.97 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2020 to 2028. The market growth is attributed to the growing demand for medical devices, such as surgical implants and instruments, medical supplies, electro-medical equipment, and in-vitro diagnostic equipment. The increasing aging population that requires advanced medical treatments, coupled with the unhealthy lifestyles of people, has been resulting in the high prevalence of chronic diseases.

These medical device packaging products are manufactured through various technologies, such as heat seal and sterilization, in order to ensure product safety and convenience in use. Furthermore, several other technologies such as seal peal and counterfeit have been utilized by the manufacturers in order to hinder counterfeit and duplicate products in the market. These counterfeit technologies are also used to track the products and offer complete protection against counterfeiting through unique numbering/ serialization.

Medical Device Packaging Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 32.18 billion
Revenue forecast in 2028	USD 48.97 billion
Growth Rate	CAGR of 6.4% from 2020 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2020 - 2028

The medical device packaging industry is concentrated in the developed countries, including the U.S., Germany, the U.K., and China. due to the large production volumes of medical devices in the aforementioned countries. However, the investments in the medical device industry in developing countries, such as India and Brazil, have been growing in recent years, which is expected to benefit the market growth in the coming years.

In vitro diagnostic (IVD) devices witnessed a massives pike in demand in 2020 amid the COVID-19 outbreak. This was due to the amplified demand for infectious disease tests undertaken by countries, such as the U.S., India, China, and the U.K. The countries significantly invested in COVID-19 testing to curb the spread of the coronavirus.

The key companies operating in the market are involved in the acquisition of medium and small size companies aiming to expand their product portfolio and increase manufacturing capacity. For instance, in October 2020, CCL Industries signed an agreement to acquire Denmark-based Graphic West International ApS. The acquisition was aimed to expand the capability to serve healthcare customers in Europe and North America.

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Medical Device Packaging Market Report Highlights

• In terms of material, metal is expected to register the highest growth rate of 7.2% over the forecast period. The aluminum-based boxes, trays, and flexible pouches are prominently used products in the industry and offer an effective barrier against moisture, oxygen, and light
• By product, pouches and bags dominated the market with a share of over 35.0% in 2020. This is attributed due to the flexible feature that can accommodate medical devices of various shapes and sizes. Their small size and high product-to-package ratio enable easy storage and handling of medical devices
• In terms of application, IVDs are expected to expand at the fastest CAGR from 2020 to 2028 due to the increasing demand for infectious disease diagnostic instruments and reagents. This is due to the high demand for the aforementioned medical devices during the ongoing COVID-19 pandemic
• Europe emerged as the dominant regional market in 2020. This is due to the presence of several medical device producers that manufacture IVD test kits, ventilators, and other diagnostic devices in the countries, such as the U.K. and Germany
• Key players in the market are involved in mergers and acquisitions and geographical expansions

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Medical Device Packaging Market Segmentation

Grand View Research has segmented the global medical device packaging market on the basis of material, product, application, and region:

Medical Device Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Paper & Paperboard
• Metal
• Others

Medical Device Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Pouches & Bags
• Trays
• Boxes
• Clamshells
• Others

Medical Device Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment & Tools
• Devices
• IVD
• Implants

Medical Device Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Medical Device Packaging Market

• Amcor plc
• Sonoco Products Company
• Mondi
• CCL Industries
• Constantia Flexibles
• WestRock Company
• Berry Global Inc.
• Glenroy Inc.
• SteriPack Group
• Riverside Medical Packaging Company 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.

North America Thermoformed Plastics Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 North America Thermoformed Plastics Market Growth & Trends

The North America thermoformed plastics market size is expected to reach USD 8.86 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of the thermoformed plastic resin in the consumer goods, food packaging, medical and healthcare, electronics, and automotive sectors is projected to fuel the market growth during the forecast period. Thermoformed plastics reduce the overall weight of the vehicles, which helps in increasing energy efficiency.

The COVID-19 pandemic has made packaged foods and consumer electronics an intrinsic part of consumer’s lifestyles. Many thermoformed plastic manufacturing companies have already started developing their facilities to cater to the rising concerns due to the COVID-19 pandemic. For instance, in December 2020, Placon Corporation commenced the construction of USD 15 million additional capacity at its Elkhart, Indiana facility. This is expected to house the production of custom plastic packaging for the medical and healthcare industries.

North America Thermoformed Plastics Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 6.84 billion
Revenue forecast in 2028	USD 8.86 billion
Growth Rate	CAGR of 3.8% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

In July 2021, California-based Plastion Industries, Inc. announced to establish a new 100,000-square-foot manufacturing facility in Texas. This new manufacturing facility is expected to produce components for Tesla’s forthcoming Austin factory. The facility is expected to open this fall. Plastion Industries, Inc. provides injection molding, thermoforming, and other services to industries including consumer goods, medical, and automotive. This facility is expected to provide Plastion Industries, Inc. an opportunity to strengthen its foothold in the automotive sector.

Environmental awareness has propelled many electronics companies to produce electronic devices from bio-based polymers as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of thermoformed plastics over the forecast period. In July 2021, SABIC announced the development of bio-based polycarbonate Lexan film and sheet products derived from certified renewable feedstock, which is expected to cater to the rising demand in a wide range of applications, including automotive, construction, specialty glazing, and electrical and electronics.

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North America Thermoformed Plastics Market Report Highlights

• The polypropylene product segment accounted for the largest revenue share in 2020 and is further expected to witness prominent growth over the forecast period
• The food packaging application segment dominated the market and accounted for a revenue share of more than 40.0% in 2020
• In 2020, the U.S. accounted for the largest revenue share of more than 75.0%. The presence of well-established automotive manufacturing players such as Tesla, General Motors Company, and Stellant is anticipated to provide impetus to the market growth
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2021, Tide Rock Holdings acquired Plastics Design & Manufacturing, a heavy gauge thermoformed plastic manufacturer. This strategic initiative by Tide Rock Holdings is aimed at the expansion of its plastics manufacturing business in the western region

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North America Thermoformed Plastics Market Segmentation

Grand View Research has segmented the North America thermoformed plastics market based on product, process, application, and country:

North America Thermoformed Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polymethylmethacrylate (PMMA)
• Bio-degradable Polymers
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• High Impact Polystyrene
• Polystyrene (PS)
• Polypropylene (PP)

North America Thermoformed Plastics Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Plug Assist Forming
• Thick Gauge Thermoforming
• Thin Gauge Thermoforming
• Vacuum Snapback

North America Thermoformed Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Medical & Healthcare
• Food Packaging
• Electrical & Electronics
• Automotive
• Construction
• Consumer Goods & Appliances
• Others

North America Thermoformed Plastics Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada
• Mexico

List of Key Players of North America Thermoformed Plastics Market

• Pactiv LLC
• Sonoco Products Company
• CM Packaging
• Placon
• Genpak, LLC
• Anchor Packaging 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.

Category Management Software Market Soaring Demand Assures Motivated Revenue Share By 2030

 Category Management Software Market Growth & Trends

The global category management software market size is expected to reach USD 3.79 billion by 2030, growing at a CAGR of 11.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing demand for omnichannel retailing to facilitate operations efficiently is expected to drive industry growth. The retail industry is still far from organized and still contributes a major factor in numerous economies worldwide. At the same time, malls also play a vital role in achieving revenue targets. For instance, from shopping, health, and wellness to gaming and entertainment, malls cater to every segment to meet the growing customer demands.

The use of category management solutions in these retail stores of malls can play a vital role in maintaining the inventory stocks per customer preferences. Moreover, awareness about these solutions for proper placements of products in retail stores contributes significantly to the industry development. There is a growing need for category management software solutions, especially in the retail segment and other B2C modes. These types of businesses possess considerable growth potential, and the implementation of category management software solutions by retailers is anticipated to open up new business opportunities for software developers. Hence, the industry leaders are focusing on catering to the retail segment’s needs owing to their increased scalability.

The adoption of category management software offers multiple advantages, such as comprehensive and customizable graphical reports. Category management solutions help retailers analyze what customers want their products based on their purchasing behavior. The category management solutions allow retailers, in turn, to concentrate on improving the sales process and boosting revenue. Moreover, it also aids businesses with category insights and required improvements in the procuring process, which attracts many industry players to adopt category management software to make strategic decisions.

The COVID-19 outbreak has significantly impacted industry development. Major retailers, such as Amazon and Walmart, have shifted from traditional to hybrid-digital mode. Thus, growing digitalization and the introduction of category management software by key players are expected to drive industry growth. COVID-19 has impacted the industry significantly. Major retailers, such as Amazon and Walmart, have shifted from traditional mode to hybrid-digital mode. Thus, the growing digitalization and introduction of category management software by key players are expected to drive industry growth.

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Category Management Software Market Report Highlights

• The floor planning software segment is expected to witness the fastest CAGR during the forecast period. The growing consumer demand for user-friendly and enhanced floor planning software, supported by digitalization, is boosting the segment growth
• The managed services segment is expected to register the fastest CAGR during the forecast period. The increasing demand for maintenance and support services is driving the segment
• The cloud segment is anticipated to register the fastest CAGR during the forecast period. Aggressive implementation of cloud-based software to deliver global insights responsible for business productivity is fueling the segment growth
• The Small & Medium Enterprises (SMEs) segment is anticipated to showcase remarkable growth during the projection period due to the increasing number of SMEs across the globe
• The retail segment dominated the industry in 2021 due to the hybrid physical and digital environment that the software offers for catering to the changing consumer needs
• Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to the rising number of large retail stores to cater to the growing customer demands in the region

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Category Management Software Market Segmentation

Grand View Research has segmented the global category management software market based on solution, service, deployment, enterprise size, application, and region:

Category Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Planogram Software
• Floor Planning Software
• Assortment Planning
• Others

Category Management Software Service Outlook (Revenue, USD Million, 2017 - 2030)

• Managed Services
• Professional Services

Category Management Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud-based
• On-premise

Category Management Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Category Management Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail
• Distribution
• Consumer Packaged Goods

Category Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of the Category Management Software Market

• Oracle Corp.
• Aptos, LLC
• Board International S.A.
• Interactive Edge
• 42 Technologies, Inc.
• Epicor Software Corp.
• Softvision
• GEP
• JAGGAER
• DotActiv (Pty) 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.

Artificial Intelligence In Cybersecurity Market Booming Trends and Forecast Assessment for the Period 2022 to By 2030

 Artificial Intelligence In Cybersecurity Market Growth & Trends

The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.

Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.

Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.

Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participants expect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.

The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.

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Artificial Intelligence In Cybersecurity Market Highlights

• In terms of type, the cloud security segment will contribute notably toward the global market in the wake of the rising prominence of AI and machine learning
• Based on vertical, the BFSI sector will exhibit profound demand for AI in cybersecurity to resist cyberattacks and prevent data leaks
• North America AI in cybersecurity market share will be pronounced due to threats to mobile devices and soaring penetration of IoT and 5G in the region
• Some major players, such as IBM Corporation, Cylance Inc. (BlackBerry), Acalvio Technologies, Inc, Intel Corporation, Amazon Web Services, Inc., FireEye, Inc., LexisNexis, Fortinet, Inc., Micron Technology, Inc., and Darktrace are poised to boost their portfolios in the coming years

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Artificial Intelligence In Cybersecurity Market Segmentation

Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:

AI In Cybersecurity Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Network Security
• Endpoint Security
• Application Security
• Cloud Security

AI In Cybersecurity Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

AI In Cybersecurity Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Machine Learning
• Natural Language Processing (NLP)
• Context-aware computing

AI In Cybersecurity Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Identity And Access Management
• Risk And Compliance Management
• Data Loss Prevention
• Unified Threat Management
• Fraud Detection/Anti-Fraud
• Threat Intelligence
• Others

AI In Cybersecurity Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Retail
• Government & Defense
• Manufacturing
• Enterprise
• Healthcare
• Automotive & Transportation
• Others

AI In Cybersecurity Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Artificial Intelligence In Cybersecurity Market

• Acalvio Technologies, Inc
• Amazon Web Services, Inc.
• Cylance Inc. (BlackBerry)
• Darktrace
• FireEye, Inc.
• Fortinet, Inc.
• IBM Corporation
• Intel Corporation
• LexisNexis
• Micron Technology, 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.