Compression Therapy Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Compression Therapy Market Growth & Trends

The global compression therapy market size is projected to reach USD 6.68 billion by 2030 and is expected to expand at a CAGR of 6.2% from 2023 to 2030, according to Grand View Research, Inc. Technological innovations resulting in the increasing adoption of compression therapy garments are the major factors driving the growth of the compression therapy market. In addition, the growing prevalence of venous and lymphatic diseases is leading to higher adoption of compression therapy products which is also driving the sales of the market.

For instance, according to the Lymphatic Education & Research Network, approximately 10 million Americans and hundreds of millions suffered from lymphedema and lymphatic diseases in 2022. The COVID-19 pandemic led to a rise in sales of compression therapy products with more people being hospitalized which led to an increase in the prevalence of venous disorders. Thus, resulting in a temporary rise in the sales of compression therapy products during the pandemic. However, a quick shift towards digital learning and an increasing inclination towards online work is resulting in lesser physical activities among individuals post the pandemic as well.

This in turn is leading to a larger section of the population being obese, creating a higher patient pool. As obese people are at a higher risk of developing chronic venous disorders. Thus, indicating a similar growth trend over the forecast period as well. Moreover, the growing government initiatives and increasing investments by key players in R&D are also expected to boost the growth of the compression therapy market over the forecast period. 

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Compression Therapy Market Report Highlights

• The static compression therapy segment accounted for a higher market share in 2022 owing to the high convenience and user-friendly attributes of this technology
• The dynamic compression therapy segment is predicted to undergo significant growth owing to the increasing recommendations of this technology by healthcare professionals
• Compressing bandages dominated the market in 2022 with the highest share owing to the availability of a wide range of these products
• Compressing pumps segment is expected to experience maximum growth during the forecast period due to the constantly evolving technological advancement of this product
• North America dominated the market due to the increasing prevalence of chronic venous disorders, especially in the U.S.
• Rising disposable income and increasing investments by key players in the Asia Pacific represent lucrative growth opportunities

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Comarticletrunkssion Therapy Market Segmentation

Grand View Research has segmented the global compression therapy market based on technology, product, and region:

Compression Therapy Compression Therapy Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Static Compression Therapy
• Dynamic Compression Therapy

Compression Therapy Compression Therapy Product Outlook (Revenue, USD Million, 2018 - 2030)

• Compression Pumps
• Compression Stockings
• Compression Bandages
• Compression Tape

Compression Therapy Compression Therapy Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • India
  • China
  • South Korea
  • Thailand
  • Australia
  • Japan
• Latin America
  • Brazil 
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of the Compression Therapy Market

• Cardinal Health
• Julius Zorn GmbH
• Hartmann AG
• Medi GmbH & Co.
• SIGVARIS
• BSN Medical GmbH
• ArjoHuntleigh
• 3M Health Care
• Spectrum Healthcare
• Bio Compression Systems, Inc.
• Stryker
• Gottfried Medical

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.

Conformal Coatings Market Factors, Rising Demand, Driving Growth by 2030

 Conformal Coatings Market Growth & Trends

The global conformal coatings market size is anticipated to reach USD 1,493.46 million by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 5.9% during the forecast period. The global conformal coatings market is anticipated to grow with the development in aerospace, automotive, consumer electronics, and medical applications across the globe. Rising expectations regarding automation in the abovementioned applications have driven the demand for electronic devices & equipment.

The conformal coatings provide improved product characteristics, including high heat, dust, moisture resistance, corrosion resistance, and improved overall durability. The use of conformal coating has driven the demand for high-quality dispensing mechanisms to dispense conformal coatings effectively, since poor dispersion results in cracks in the coating layer and affects PCB functions. In January 2021, Delta Electronics, Inc. provided a PCB conformal coating dispensing and inspection solution to an electronic automotive component manufacturer in Tianjin, China. The mechanism dispenses coatings through a nozzle and triggers an alarm in case of insufficient or improper dispensing.

Players in the conformal coatings market are adopting merger & acquisition initiatives to expand their reach. For instance, in May 2021, Element Solutions, Inc. acquired H.K. Wentworth Limited, a U.K.-based company involved in manufacturing conformal coatings, thermal management materials, electronic cleaning solutions, and encapsulation resins. The company has a presence in over 55 countries and caters to end-user markets, including aerospace & defense, medical, telecommunications, and consumer electronics. This acquisition can help Element Solutions, Inc. to expand its conformal coatings manufacturing capacity in various end-use markets.

Due to the presence of several players in the conformal coatings market, the competitive rivalry is high. Conformal coating manufacturers collaborate with other market players to increase their market share. For instance, in May 2021, Dymax and HZO, Inc. entered into a strategic alliance to facilitate joint product development, formulate existing coating solutions, and accelerate market reach. Dymax is involved in producing conformal coatings, and such initiatives can strengthen its position in the conformal coatings market.

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Conformal Coatings Market Report Highlights

• The global conformal coatings market was valued at USD 930.89 million in 2021 and is estimated to expand at a CAGR of 5.9% from 2022 to 2030
• Consumer electronics in the application segment is expected to witness the highest CAGR of 6.3% during the forecast period, in terms of revenue. This can be attributed to the increasing awareness of consumers regarding the Internet of Things (IoT) and the new upgraded product launches by consumer electronics product manufacturers
• Acrylic dominated the product segment and accounted for more than 47.0% share of the overall revenue in 2021. This high share is attributed to its properties like the ease of application and removal during rework and quick-drying, as compared to its counterparts, thereby augmenting the market growth for acrylic conformal coatings
• Increasing automation across end-use industries is expected to pave the way for complex adaptive systems, multi-processing, cloud-based supervisory control, and data acquisition (SCADA) systems, and programmable automation controllers (PACs), which are expected to impact the market for conformal coatings positively
• Asia Pacific accounted for more than a 51.0% share of the overall revenue in 2021 in the thermal spray coatings market. Its thermal spray coatings market is expected to witness a growth of 6.4% to reach a net worth of USD 800.90 million by 2030

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Conformal Coatings Market Segmentation

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

Conformal Coatings Product Outlook (Revenue, USD Million, 2019 - 2030)

• Acrylic
• Epoxy
• Urethane
• Silicone
• Parylene

Conformal Coatings Application Outlook (Revenue, USD Million, 2019 - 2030)

• Consumer Electronics
• Automotive
• Medical
• Aerospace & Defense
• Others

Conformal Coatings Regional Outlook (Revenue, USD Million, 2019 - 2030)

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

List of Key Players in the Conformal Coatings Market

• Henkel AG & Co. KGaA
• Chemtronics
• Shin-Etsu Chemical Co., Ltd.
• Dow
• B. Fuller Company
• Chase Corp
• Electrolube
• Europlasma NV
• MG Chemicals
• KISCO LTD
• Dymax Corporation
• ALTANA AG
• ACC Silicones Limited
• CSL Silicones Inc.
• Aalpha Conformal Coatings

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.

Baking Ingredients Market to Incur High Value Growth at 6.1% CAGR by 2030

Baking Ingredients Market Growth & Trends 

The global baking ingredients market size is predicted to reach USD 25.92 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2022-2030 in terms of revenue. Baking ingredients that reduce fermentation time, and are used in packaged & convenience foods, are high in demand.

The demand for packaged as well as convenience foods is increasing, owing to rising living standards and improving economic conditions in developing economies. Consumers have adopted convenience and packaged foods due to a growing need for leisure, time constraints, and hectic lifestyles. This has increased competition for bakery products such as cakes, pizza, bread, and pastries, thereby boosting the demand for baking ingredients.

Traditional home-cooked meals are being replaced by ready-to-eat baked food, particularly in developed economies in regions such as Europe and North America, where consumer prefers rolls, pocket sandwiches, and wraps over time-consuming food due to their hectic lifestyle. These factors may have an impact on the global baking ingredients market's growth. Furthermore, the increasing out-of-home food spending has resulted in an increase in the number of coffee shops, retail outlets, convenience stores, artisan bakeries, and in-store bakeries that provide a wide range of innovative baked food options.

Leading market players are investing in various projects through research and development in order to develop innovative products and expand their consumer base. A major market trend that has been observed is an increase in demand for natural baking ingredients, which is anticipated to gain traction in the near future. This is primarily due to an increase in the number of health-conscious people, as well as increased awareness regarding the advantages of natural baking ingredients such as oils, natural flavors, and sweeteners.

The market in Europe is predicted to hold a significant market share and rise steadily with a significant CAGR between 2022-2030. The bakery industry is attempting to avoid the use of butter as plant-based and flexitarian diets among European consumers is gaining popularity, which is driving up the demand for bakery ingredients in the region. Industrial bakeries have a great opportunity to develop new products and make plant-based baked goods, which has led to trends in the market for bakery ingredients, particularly in Germany. On the other hand, the rising demand for plant-based baked products in Germany is boosting demand for baking supplies in the nearby markets.

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Baking Ingredients Market Report Highlights

• In terms of revenue, bread became the largest end-use segment in 2021. Many countries across the globe consider bread to be a staple food. It also has a variety of uses in the food processing industry which is expected to continue over the projected timeframe
• As an ingredient in baking, enzymes are anticipated to experience the highest CAGR as they play a significant role in extending the shelf life and providing anti-staling properties in baked goods
• The Asia Pacific market is anticipated expected to have the highest CAGR from 2022 to 2030 owing to the growing working population and customers’ adaptation to a western food lifestyle
• The major players in the baking ingredients market include Hostess Brands LLC, George Weston Ltd., Flowers Foods Inc, Mckee Foods Corporation, and Grupo Bimbo

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Baking Ingredients Market Segmentation

Grand View Research has segmented the global baking ingredients market based on product, end-use, and region:

Baking Ingredients Product Outlook (Revenue, USD Million, 2017 - 2030)

• Emulsifiers
• Yeast
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, and Shortenings
• Colors & Flavors
• Starch
• Preservatives
• Others

Baking Ingredients End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Bread
• Cookies & Biscuits
• Cakes & Pastries
• Rolls & Pies
• Other

Baking Ingredients Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Baking Ingredients Market

• Flower Foods Inc
• Hostess Brands LLC
• Mckee Foods Corporation
• George Weston Ltd.
• Grupo Bimbo. S. A. B. de C.V.
• Nestle S.A.
• Finsbury Food Group
• Aryzta AG
• Britannia Industries Ltd.
• Tiger Brands Company
• Goodman Fielder.
• Uniferm GmbH & Co.
• General Mills Inc
• Bread Talk Co. Ltd
• Mckee Foods Corporation
• Mondelez International.
• Shanghai Cristine Foodstuff Co. Ltd
• Yamazaki Baking Co., Ltd
• Monginis Foods Pvt. Ltd
• Koninklijke DSM N.V.
• Associated British Foods 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.

Biochips Market Booming Trends and Forecast Assessment for the Period 2023 By 2030

 Biochips Market Growth & Trends

The global biochips market size is expected to reach USD 25.92 billion by 2030, registering a CAGR of 13.35% during the forecast period, according to a new report by Grand View Research, Inc. The rising requirement for drug discovery and development coupled with the adoption of personalized medicine is likely to favor the industry's growth. Furthermore, the rise in the implementation of next-generation sequencing by biotechnology companies around the globe is pushing product demand. For instance, in December 2021, Abbott received CE Mark for the i-STAT TBI Plasma test, a portable analyzer for Traumatic Brain Injury (TBI) blood. Hence, the company is permitted to expand its footprint in the European Union. The innovation in sequencing techniques has allowed researchers to decode DNA molecules up to the level of the complete human genome.

Ion Torrent chip by Thermo Fisher Scientific is one of the technologies based on sequencing by the technique of synthesis. The chip is an advancement in the Next-Generation Sequencing (NGS) technology that makes massively parallel sequencing cost-effective for every lab. Hence, the development of biochips to enhance the NGS application is anticipated to support the growth of the industry. Similarly, increasing government-based initiatives to promote the domestic production of biochips is likely to support the growth in the coming years. This strategic initiative is to match the local demand for the product with the supply. For instance, in July 2022, SiPhox, Inc. received a grant worth USD 681,631 from the Baker-Polito Administration.

The financial support is to accelerate the development of a manufacturing facility for the mass production of pluggable photonic biochips. It is estimated to accelerate the output to around 5,000 biochips per month from around 100 per month to match the rising demand from biotech segments including drug discovery, vaccine development, and distributed diagnostics. Such investments are likely to supplement the industry growth in the coming years. The COVID-19 pandemic is estimated to have a positive impact on industry growth during the forecasted period. Various companies collaborated to develop innovative solutions to deal with the pandemic. For instance, in March 2020, SkyWater Technology announced the collaboration with MGI, to supply essential components for COVID-19 sequencing, including microfluidic MEMS devices.

The growing requirement for personalized medicine is likely to become a key application area for the industry in the coming years. Since biochip is emerging as an important component in molecular diagnostics, their use in point-of-care diagnostics is anticipated to smooth the development of personalized medicines. In addition, gene expression profiling through microarrays is expected to enhance the progress of personalized treatment for cancer based on molecular classification. However, the cost involved in the manufacturing of biochips is considerably high, resulting in high pricing for end-users. For instance, Josep Carreras Leukaemia Research Institute (IJC) provides microarray to researchers. The cost of GeneChip Human Gene 2.0 ST for whole-transcript expression analysis & profiling ranges from USD 456 to 593 for fresh samples.

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Biochips Market Report Highlights

• The DNA chips type segment accounted for the largest revenue share in 2021 due to the high demand for rapid and accurate detection of cancer
• The drug discovery application segment for lab-on-chip is anticipated to grow at a faster rate during the forecast period as the biochip helps lower the overall cost of drug discovery & development
• The biotechnology and pharmaceutical companies end-user segment captured a significant revenue share in 2021 due to the need for personalized medicines along with the increasing drug discovery & development
• North America held the largest revenue share in 2021 owing to high R&D investment coupled with the accessibility of capital through venture capitalists for startups and the application development of biochips in the region
• Asia Pacific is projected to register the fastest CAGR from 2022 to 2030 owing to various initiatives by local governments to promote domestic product manufacturing

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Biochips Market Segmentation

Grand View Research has segmented the global biochips market based on type, end-user, and region:

Biochips Type Scope Outlook (Revenue, USD Million, 2018 - 2030)

• DNA Chips
  • Cancer Diagnosis&Treatment
  • Gene Expression
  • SNP Genotyping
  • Genomics
  • Drug Discovery
  • Agricultural Biotechnology
  • Others
• Protein Chips
  • Proteomics
  • Expression Profiling
  • Diagnostics
  • HTS
  • Drug Discovery
  • Others
• Lab-on-chip
  • Genomics
  • IVD & POC
  • Proteomics
  • Drug Discovery
  • Others
• Tissue Arrays
• Cell Arrays

Biochips End-use Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Biotechnology And Pharmaceutical Companies
• Hospitals And Diagnostics Centers
• Academic & Research Institutes
• Others

Biochips Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

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

List of the Key Players of Biochips Market

• Abbott Laboratories
• Agilent Technologies, Inc.
• PerkinElmer, Inc.
• Fluidigm Corporation
• Illumina, Inc.
• GE Healthcare
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific, Inc.
• LI-COR, Inc.
• Molecular Devices, 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.

Battery Recycling Market is Expected to Enhance $17.08 Billion Revenue By 2030: Grand View Research Inc.

 Battery Recycling Market Growth & Trends

The global battery recycling market size is expected to reach USD 17.08 billion by 2030, registering a CAGR of 37.6% over the forecast period, according to a new report by Grand View Research, Inc. Technological advancements in the recycling industry are making battery recycling more efficient and cost-effective, which is another factor contributing to the growth of the market. An increase in the adoption of smartphones, electric vehicles, and other consumer electronics has led to an increase in the use of batteries. This has increased the number of end-of-life batteries, presenting new opportunities for recycling companies

The industrial segment is expected to witness substantial growth over the next few years, due to the growing demand for high-power range systems. Increasing trend of the adoption of UPS systems as an essential power-backup device is expected to favorably impact the market growth over the forecast period.

Enterprises deploy their data center facilities to meet data and network necessities. Interruption of power supply to these facilities can result in the loss of essential data, thereby decreasing the overall productivity and resulting in financial losses. The installation of UPS systems is one of the best ways to prevent unwanted losses. These factors are likely to increase the demand for UPS systems over the coming years, which, in turn, is anticipated to propel the demand for battery recycling in coming years.

Asia Pacific has been witnessing significant growth on account of the increasing number of manufacturing facilities, commercial offices, banks, MROs, and R&D centers in major countries like China, Australia, Japan, India and South Korea. The inception of new facilities and the expansion of existing battery recycling facilities owing to favorable government policies and foreign direct investments are likely to cater the growth battery recycling in the region.

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Battery Recycling Market Report Highlights

• In 2023, the Lead acid emerged as the largest segment and accounted for a revenue share of 84.0% owing to large number of applications in automotive, industrial and hospitality sector
• In 2023, the Transportation segment was the largest in terms of revenue and accounted for 73.0% of the market. Growing demand from the transportation sector for batteries is expected to generate large number of spent batteries, stimulating the demand for the battery recycling segment.
• North America occupied a significant revenue share in 2023, with the U.S. being a major contributor to industry growth. A surge in usage of li-ion batteries in smartphones to extend their shelf life and enhance their efficiency is expected to drive growth of the market in North America in the coming years.
• The Asia Pacific accounted for the largest market revenue share in 2023, with China being the largest contributor to the regional market growth. Increasing usage of batteries for renewable energy storage is expected to fuel the demand for lead acid batteries in China. The growing use of lead acid and lithium-ion batteries coupled with the rising number of spent batteries is expected to drive the market over the forecast period.

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Battery Recycling Market Segmentation

Grand View Research has segmented the global battery recycling market based on chemistry, application, and region:

Battery Recycling Chemistry Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Lithium-ion
• Lead Acid
• Nickel
• Others

Battery Recycling Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Transportation
• Consumer Electronics
• Industrial

Battery Recycling Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Battery Recycling Market

• Call2Recycle
• Exide Technologies
• Gravita India Ltd.
• Glencore
• Cirba Solutions
• American Battery Technology Company
• Gopher Resource
• East Penn Manufacturing Co.
• Aqua Metals

About Grand View Research

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

Beverage Cans Market Latest Innovations, Drivers and Industry Key Events 2023– 2030: Grand View Research Inc.

 Beverage Cans Market Growth & Trends

The global beverage cans market size is expected to surpass USD 59.6 billion by 2030, according to a new report by Grand View Research, Inc., The market is expected to expand at a CAGR of 5.3% from 2023 to 2030. The demand for highly portable and superior beverage packaging for protection from the external environment is primarily contributing to market growth. The rising demand for aluminum cans on account of superior properties such as lightweight and growing aluminum recycling is further driving the market.

The continuous technological advancements in the market which include machinery automation, printing technology, and raw material advancements are further contributing to the market growth. For instance, Ball Corporation introduced the Dynamark variable printing technology that allows for customized printing of beverage cans with a single pallet. The technology offers numerous options for high-quality printing, keeping the time required to change the designs to a minimum.

The aluminum can segment is leading the global market with major revenue and volume share. Manufacturers are continuously focusing on research and development activities associated with aluminum cans to cater to the increasing demand for sustainability in the global market. For instance, The Coors Brewing Company uses ultraviolet (UV) light curing technology for its aluminum beverage cans. The company uses coating materials that cure when exposed to UV light and offers a low-cost alternative to the expensive heat treatments used in conventional convective heat ovens for curing the inks. In addition, the UV cured method creates lower emissions and a smaller waste stream owing to the lesser solvent usage compared to its alternatives.

The increasing demand for various fruit juices and sports drinks in can packaging is expected to benefit the market growth. Additionally, the growing consumption of ready-to-drink beverages that primarily uses cans as packaging is further boosting the market growth. Manufacturers operating in the fruit and vegetable juices market such as Nestle, Welch Foods Inc, and De Monte are increasingly focusing on offering attractive packaged juices to customers in order to attract them and are also moving toward sustainability.

Companies operating in the beverage industry establish direct contracts with beverage cans manufacturers to cater to their specific demands while mitigating the risk of price fluctuations. Direct supply agreements are observed between large-sized beverage companies and beverage cans manufacturers, wherein a high level of product customization is undertaken. These supply agreements guarantee uniform packaging demand, which eases the production and distribution planning for beverage companies.

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Beverage Cans Market Report Highlights

• In terms of revenue, the steelsegment is projected to ascend at a CAGR of 2.3% over the forecast period. As steel has ambient nature, cans made from it need not be cooled during the packaging and shipping process, thereby simplifying logistics and enabling cost-saving storage. Steel cans are easily separated in recycling facilities from other waste using magnetic equipment, also can be recycled repeatedly without losing the quality of steel. Thus the material is experiencing growth in the global market
• The aluminum segment accounted for the maximum volume share of 95.2% in 2022. The increasing focus on the recycling of discarded metal products is projected to support the growth of the aluminum can market over the forecast timeframe is projected to support the market growth. According to National Packaging Waste Database, the recycling rate of aluminum rose to 56% in 2019, increasing year on year by 4% from 52% in 2018 and 41% from 2010
• Companies in the industry for beverage cans have been continuously improving the aesthetics, product strength, and shelf life of the packaged beverage. In July 2021, BALL CORPORATION announced its plans to build new aluminum beverage packaging plants in the U.K. With significant growth of sustainable cans in categories, including wines, waters, hard seltzers, and ready-to-drink cocktails, the company also plans to open new cutting-edge facilities for facilitating increased revenue and increase its market share in the country

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Beverage Cans Market Segmentation

Grand View Research has segmented the global beverage cans market on the basis of material, application, and region: 

Beverage Cans Material Outlook(Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Aluminum
• Steel

Beverage Cans Application Outlook(Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Carbonated Soft Drinks
• Alcoholic Beverages
• Fruits & Vegetable Juices
• Others

Beverage Cans Regional Outlook(Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Belarus
  • Bulgaria
  • Czech Republic
  • Poland
  • Hungary
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Kazakhstan
  • Uzbekistan
  • Tajikastan
• Central & South America
  • Brazil
  • Argentina
  • Peru
  • Chile
  • Colombia
• Middle East & Africa (MEA)
  • Saudi Arabia
  • South Africa
  • Ghana
  • Nigeria
  • Kenya
  • Mauritius
  • Egypt
  • Iran
  • Kuwait
  • Israel
  • UAE

List of Key Players of Beverage Cans Market

• Mahmood Saeed Beverage Cans & Ends Industry Company Limited
• Kian Joo Can Factory Berhad
• SWAN Industries (Thailand) Company Limited
• GZ Industries Limited
• Toyo Seikan Co., Ltd.
• Ball Corporation
• Orora Packaging Australia Pty Ltd.
• The Olayan Group
• Crown Holdings, Inc.
• Bangkok Can Manufacturing
• CPMC Holdings Limited
• CANPACK
• Nampak Ltd.
• Ardagh Group S.A.
• Envases Group

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.

Biomarkers Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Biomarkers Market Growth & Trends

The global biomarkers market size is expected to reach USD 181.03 billion by 2030, registering a CAGR of 13.3% over the forecast period, according to a new report by Grand View Research, Inc. The rising R&D investments by pharmaceutical and biotechnology companies, increasing number of Contract Research Organizations(CROs), and declining cost of clinical trials in emerging economies are the major driving factors for the industry. In addition, key players leverage various strategies to increase their production capabilities and promote the outreach of their product offerings. In June 2022, Paige announced its collaboration with Janssen to evaluate the potential of an (H&E)-based, (AI)-powered biomarker test, developed by Janssen, to screen for actionable FGFR3 and FGFR2 genomic alterations in patients with bladder cancer.

The increasing prevalence of chronic diseases like cancer, diabetes, and cardiovascular disorders is anticipated to fuel industry growth. According to the American Cancer Society, in 2022, an estimated 1.9 million new cancer cases were registered in the U.S., accounting for 609,360 deaths. Breast and lung cancers were observed as the most common ones worldwide. In addition, according to a report published in 2020 by the Institute for Health Metrics and Evaluation, cardiovascular diseases cause about 18.9 million deaths annually. Increasing research focused on the identification of new diagnostic biomarkers is fueling the industry's growth. For instance, in February 2022, Japanese scientists found two new diagnostic tissue biomarkers, PHGDH and TRIM29, indicated for malignant pleural mesothelioma.

These agents can be used to diagnose mesothelioma quickly and help doctors in differentiating between mesothelioma and other cancers. Moreover, in January 2020, a nascent research study published in the Journal of Nuclear Medicine discussed the potential of several breast cancer biomarkers. A notable and easily identifiable imaging biomarker recognized in the study was 18F-FDG PET. Moreover, the COVID-19 pandemic has encouraged the use of biomarkers for facilitating the detection & treatment of the disease. For instance, in March 2021, a new biomarker-based screening device, named Tiger Tech COVID Plus Monitor, was approved by the U.S. FDA.

The device can be used for the identification of biomarkers for COVID-19 and other hypercoagulable & hyperinflammatory conditions in individuals aged 5 years & above. Furthermore, various strategic initiatives undertaken by leading participants are anticipated to cater to demand. For instance, in August 2022, Roche received the U.S. FDA approval for VENTANA MMR RxDx Panel to detect pMMR endometrial cancer patients and dMMR solid tumor patients eligible for treatment with Merck’s immunotherapy Keytruda. This approval for the VENTANA MMR RxDx Panel is a label expansion of the company’s recent on-market panel. Also, in December 2021, Siemens Healthineers partnered with Freenome to identify novel suitable markers for the detection of early breast cancer to expand its existing imaging technologies.

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Biomarkers Market Report Highlights

• The safety segment held the largest share in 2022 owing to the increased adoption of safety biomarkers in drug discovery and development
• The efficacy segment will register the fastest growth rate from 2023 to 2030 due to a rise in strategic collaborations for promoting research activities
• The drug discovery & development segment accounted for the largest share in 2022 due to the extensive R&D efforts taken by leading participants, and the rising adoption of biomarkers in drug discovery
• The cancer disease segment dominated the industry in 2022. However, the neurological diseases segment is anticipated to record the fastest CAGRover the forecast years
• Asia Pacific is expected to be the fastest-growing region over the forecast period due to the rising investments by key players and increasing disease prevalence in the region

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Biomarkers Market Segmentation

Grand View Research has segmented the global biomarkers market based on type, application, disease, and region:

Biomarkers Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Safety
• Efficacy
• Validation

Biomarkers Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Diagnostics
• Drug Discovery & Development
• Personalized Medicine
• Others

Biomarkers Disease Outlook (Revenue, USD Billion, 2018 - 2030)

• Cancer
  • Safety
  • Efficacy
  • Validation
• Cardiovascular Diseases
  • Safety
  • Efficacy
  • Validation
• Neurological Diseases
  • Safety
  • Efficacy
  • Validation
• Immunological Diseases
  • Safety
  • Efficacy
  • Validation
• Others
  • Safety
  • Efficacy
  • Validation

Biomarkers Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
  • France
  • Italy
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Biomarkers Market

• Hoffmann-La Roche Ltd.
• Abbott
• Epigenomics AG
• General Electric
• Johnson & Johnson Services, Inc.
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories, Inc.
• Siemens Healthcare GmbH
• QIAGEN

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.

Aquafeed Market Projected to Discern Stable Expansion by 2030

 Aquafeed Market Growth & Trends

The global aquafeed market is expected to reach USD 102.2 billion by 2030, registering a CAGR of 4.4% from 2022 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps among others due to its rich protein content.

The future of the global market is dependent on the increasing acceptance of aquafeed which contains essential oils, feed acidifiers, natural extracts, and palatants which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections which are caused by parasites is driving the demand for the consumption of anti-parasites.

These feed products are consumed by various warm-water and cold-water fish species such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel among others. These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system.

The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the virus from spreading, and due to this many manufacturing and production units were closed. Furthermore, there were rumors of transmission of the virus through poultry, which ill-affected the market.

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Aquafeed Market Report Highlights

• Dry aquafeed form witnessed the fastest growth rate of CAGR 4.7%, owing to its properties such as easy production, quick transport, long storage life, and quick dispense into the fish culture environment
• The feed acidifiers witnessed the fastest growth rate of 6.7% because of their ability to prevent the species from diseases which are caused by E. coli and Salmonella. These additives are prepared from organic acids along with their salts and help in maintaining gastric acid levels in these aquatic species
• The grower feed type witnessed a high growth rate of 4.7%, because of its rising demand as it supports the continuous growth of the animals without burdening them with extra vitamins and minerals intake
• Sea Bass application witnessed a high growth rate due to its increasing consumption in the food industry because of its low calorie and high protein content. It is a carnivorous fish and is rich in omega-3 fatty acids, proteins, and selenium. It also contains potassium, mercury, magnesium, vitamin B12, and vitamin B6
• The Asia Pacific region witnessed the highest growth rate of CAGR 4.9%, owing to its favorable climatic conditions in the countries like China, and India which helps to enhance the overall aquaculture industry production and eventually develop the market

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

Aquafeed Market Report Segmentation

Grand View Research has segmented the global aquafeed market report based on form, additives, feed, application, and regions:

Form Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Dry
• Moist
• Wet

Additives Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Amino Acids
• Antibiotics
• Vitamins & Minerals
• Feed Acidifiers
• Antioxidants
• Enzymes
• Anti-parasitic
• Probiotics & Prebiotics
• Others

Feed Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Starter Feed
• Grower Feed
• Finisher Feed
• Brooder Feed

Application Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Carp
• Rainbow Trout
• Salmon
• Crustaceans
• Tilapia
• Catfish
• Sea Bass
• Grouper
• Others

Regional Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

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

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.

Astaxanthin Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Astaxanthin Market Growth & Trends

The global astaxanthin market size is expected to reach USD 6.90 billion by 2030, set to grow at a 17.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for nutraceuticals and growing applications of carotenoids in the animal feed industry & aquaculture are the major factors driving the market growth. Moreover, the rapidly aging population and the growing health awareness among consumers are likely to support market expansion.

The market is anticipated to witness growth opportunities owing to growth in the aquaculture and fishing sectors. For instance, Germany is expanding its fish production and according to the federal statistical office of Germany, the country produced around 18,300 tons of fish in 2021. The growth in the aquaculture sector across the globe is likely to propel the demand for astaxanthin as the pigment helps to boost the immunity of animals and enhance the pigmentation of aquatic animals, such as ornamental fish, and rainbow trout.

Moreover, the market growth is also fueled by various research & development activities to increase the adoption of astaxanthin. For instance, in December 2021, AstaReal and the University of Tsukuba announced a new patent and research showing that the astaxanthin molecules modulate the genes of the brain involved in neuron formation, memory, and learning. Moreover, in July 2020, Russian and German university scientists from SPbPU and TUHH announced a collaboration to enhance the production of astaxanthin for its antioxidant application.

Moreover, increasing studies related to the health benefits of natural astaxanthin are expected to increase the market uptake. For instance, in August 2022, a study published by the American Journal of Clinical Nutrition stated that krill oil can help manage stiffness, knee pain, and physical function in adults with osteoarthritis & knee pain between the ages of 40 and 65 years.

In addition, owing to the high demand for astaxanthin in international markets various leading players are strengthening their supply chain capabilities to make their products available. For instance, in July 2021, Atacama Bio Natural Products S.A. signed an exclusive distribution agreement with Guangzhou Carelife Food Additives Co., Ltd. to promote its distribution network in China. Moreover, in June 2022, Pharmactive Biotech Products partnership with Singapore-based Nutraconnect to introduce scientifically backed novel nutraceuticals into the Asia Pacific market.

Furthermore, supportive regulatory policies and increasing approval of products are driving the industry’s growth. For instance, in July 2021, NextFern Technologies received regulatory approval for its Astafern from Health Canada. Astafern is an innovative fermented astaxanthin antioxidant in form of gummies. In addition, the government has undertaken supportive registration requirements for carotenoid-based coloring agents and mixed feeds containing carotenoid-based coloring agents.

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Astaxanthin Market Report Highlights

• Based on product, the dried algae meal or biomass segment accounted for the largest share in 2022 due to the high usage as animal feed and lower cost of production
• The aquaculture & animal feed segment was the highest revenue contributor in 2022. Whereas, the nutraceuticals segment is expected to exhibit the fastest CAGR during the projected period
• The Asia Pacific region is expected to grow at the fastest rate over the forecast period due to the rising investments by market players and increasing research activities in the region

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

Astaxanthin Market Segmentation

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

Astaxanthin Source Outlook (Volume, Metric Tons; Revenue, USD Million, 2018 - 2030)

• Natural
  • Others
  • Microalgae
  • Krill/Shrimp
  • Yeast
• Synthetic

Astaxanthin Product Outlook (Revenue, USD Million, 2018 - 2030)

• Dried Algae Meal Or Biomass
• Oil
• Softgel
• Liquid
• Others

Astaxanthin Application Outlook (Revenue, USD Million, 2018 - 2030)

• Nutraceuticals
• Cosmetics
• Aquaculture And Animal Feed
• Food
  • Functional Foods And Beverages
  • Other Traditional Food Manufacturing Applications
• Others

Astaxanthin Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Ecuador
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Kuwait

List of Key Players in the Astaxanthin Market

• Algatech Ltd
• Cyanotech Corporation
• MicroA
• Beijing Gingko Group (BGG)
• Algalíf Iceland ehf
• Fuji Chemical Industries Co., Ltd
• PIVEG, Inc.
• Atacama Bio Natural Products S.A.
• ENEOS Corporation
• I.D. - Parry (India) Limited (Alimtec S.A., Valensa International)

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.