Home Water Filtration Unit Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Home Water Filtration Unit Market Growth & Trends

The global home water filtration unit market size is projected to reach USD 26.73 billion in 2030, registering a CAGR of 10.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. In recent years, the industry has gained immense traction as a result of changing lifestyles, especially in urban areas. The scarcity of drinking water has obligated the domestic authorities to provide the population with an adequate supply of the same. Taking advantage of this opportunity, companies, such as Eureka Forbes and Aquaguard, have emerged as the industry leaders in the domestic segment. Product penetration in developed countries, such as the U.S. and Canada, is relatively higher while vast semi-urban and rural areas in developing countries, such as India and China, remain untapped.

The home water filtration unit is seen as a necessity, especially in metros and urban cities, due to rising microbial and chemical contamination in the surface water sources. Growing awareness about the adverse effects of contaminated surface water, along with a declining level of potable water, has resulted in a significant shift in consumer preferences for technology-based domestic water purification systems worldwide. The industry was negatively impacted due to lockdowns imposed in several countries worldwide as a result of the pandemic. Manufacturing companies faced a lot of challenges owing to interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses were not allowed to operate.

The water purifier is a purification system used to remove suspended solids, chemicals, unwanted materials, and gases to make water fit for a specific purpose. The industry is primarily driven by several factors, including technological developments in the industry and rising public awareness about the diseases transmitted through the consumption of contaminated water. Market penetration is comparatively higher in developed nations like the U.S., Canada, and Italy. Large semi-urban and rural areas, however, can be found in growing nations like China and India. However, the industry eventually returned to the pre-pandemic situation as people resumed their normal life. The RO-based product segment led the industry in 2021.

It is expected to witness progressive growth during the forecasted period. Increasing cases of waterborne diseases have made consumers cautious about the health risks associated with impure drinking water. In 2021, Asia Pacific led the industry and is anticipated to witness the fastest CAGR from 2022 to 2030. In Asia Pacific, China contributed to the majority of the share in 2021. Europe will be the second-fastest-growing region over the forecast period. Factors driving the demand for domestic water purifiers in this region are growing cases of jaundice and waterborne infections, rising awareness about sanitation among the urban population, and exponential growth of residential constructions in the region.

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Home Water Filtration Unit Market Report Highlights

• The RO-based product segment is expected to register the fastest CAGR from 2022 to 2030
• The increasing cases of waterborne diseases have made consumers cautious about the health risks associated with impure drinking water; thus, it is anticipated to propel the segment growth
• Asia Pacific led the industry in 2021 and is it anticipated to witness the fastest CAGR during the forecast period
• The industry is majorly dependent on consumer preference due to the presence of leading vendors competing in terms of variety and prices
• Companies, such as Eureka Forbes Ltd. and Kent RO System Ltd., are popular amongst consumers, especially across the Indian sub-continent, as these are available in various design options

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Home Water Filtration Unit Market Segmentation

Grand View Research has segmented the global home water filtration unit market based on product and region:

Home Water Filtration Unit Product Outlook (Revenue, USD Million, 2017 - 2030)

• RO-based
• UV-based
• Gravity-based
• Others

Home Water Filtration Unit Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
• Europe
  • France
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Argentina
• Middle East & Africa
  • Israel

List of Key Players in Home Water Filtration Unit Market

• Kent RO System Ltd
• Brita Gmbh
• Eureka Forbes Ltd.
• Tata Chemicals
• HaloSource Inc.
• Panasonic
• Amway Corp.
• Aquasana
• GE Water & Process Technologies Inc.
• Eureka Forbes 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.

Benzene Market Projected To Be Worth $74.32 Billion By 2030: Grand View Research Inc.

 Benzene Market Growth & Trends

The global benzene market size is expected to reach USD 74.32 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2022 to 2030. The industry growth is majorly driven by the growing chemical industry and increasing demand for polymers, polyester fibers, increasing consumption of household cleaning products, and other derivatives of benzene in end-use industries such as automobile, textile, pharmaceutical, packaging, personal care, and others.

Benzene is an essential feedstock that is used to further manufacture various chemicals and derivatives for serving different industries. These industries use benzene to manufacture other chemicals which are then further used to make plastic, nylon, resins, and synthetic fibers. It is also used to make rubbers, dyes, pesticides, lubricants, drugs, and detergents.

The growing consumption of benzene derivatives in the automotive industry for the manufacturing of synthetic rubber to be used in tires and several other parts of the car has resulted in an increase in demand for benzene worldwide. This demand is further expected to grow due to the continuous growth of the automotive industry.

The outbreak of COVID-19 has also had a negative impact on the benzene market as the shutting down of the economy due to the lockdown had a detrimental effect on the petrochemical industry. China which accounted for a significant market share in the production of petrochemicals was the epicenter of the pandemic which resulted in hugely impacting the production capacity of the country due to the lockdown. This reduction in production capacity has sent shockwaves throughout the supply chain, thus affecting the industries which relied on Chinese imports.

During the early stage of the pandemic, crude oil prices plummeted putting oil producers such as Middle East and North America at a disadvantage. On the other hand, this price drop has provided oil-importing countries such as India, China, and South Korea the advantage to build crude oil reserves for their petrochemical industries. However, with the uplifting of lockdown and opening up of economies, the demand for benzene has again started to increase.

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Benzene Market Report Highlights

• The global market is estimated to advance with a growth rate at a CAGR of 6.1% from 2022 to 2030. This is attributed to the wide range of uses of the product in industries such as automobile, personal care, pharmaceuticals, packaging, and others
• Asia Pacific dominated the global market in 2022 with a revenue share of over 45.20%. This is owed to increasing demand for home appliances, automobiles, packaging in food & beverages and pharmaceutical, and personal care in the region
• The increasing demand for benzene in the Asia Pacific has also resulted in several companies increasing their production capacities. For instance, Hengyi Petrochemical of china has set up a naphtha cracker plant in 2021 which will increase its production capacity of benzene by 80,000 TPA. Additionally, Reliance industries one of the major producers of benzene in India has increased its production capacity to 1400KTA
• Ethylbenzene dominated the derivative segment with a revenue share of 53.69% in 2022. This growth is attributed to the fact that a major portion of ethylbenzene goes into the production of styrene which has its demand in several major industries such as rubber, packaging, and automobiles
• Automobile application in the ethylbenzene derivative by end-use segment held a revenue share of 43.53%. This is due to the fact that styrene produced from ethylbenzene finds its major usage in automobile parts and tires due to its unique properties of low rolling friction, abrasion resistance, and high traction during braking
• Catalytic reforming in the production process dominated the global market with a revenue share of 49.32% in 2022. This is attributed to the fact that this method gives high yield and is useful for the production of benzene in large quantity

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Benzene Market Segmentation

Grand View Research has segmented the global benzene market based on derivative by end-use, production process, and region:

Benzene Derivative by End-Use (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• Ethyl Benzene
  • Packaging
  • Automobile
  • Others (ink & paints, agriculture, pharmaceutical)
• Alkyl Benzene
  • Personal care (Surfactants)
  • Others (paint industry, ink solvent, agriculture herbicide)
• Cumene
  • Pharmaceutical
  • Cosmetics
  • Automobile
  • Packaging
  • Paints & Coatings
  • Others (electronics, agriculture, cleaners, solvents)
• Cyclohexane
  • Textile
  • Automobile
  • Thermoplastic
  • Others (solvent, paint & coatings)
• Nitro Benzene
  • Agriculture
  • Pharmaceuticals
  • Others (rubber, paint, dyes, leather)
• Others (Maleic Anhydride, Methylbenzoate)
  • Food additive
  • Surfactant
  • Personal care
  • Others (agriculture, paints & coatings, pharmaceutical)

Benzene Production Process Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• Catalytic reforming
• Steam cracking
• Others (Toluene hydrodealkylation, Toluene disproportionation)

Benzene Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Benzene Market

• Dow
• INEOS Group
• LyondellBasell Industries Holdings B.V.
• BASF SE
• Royal Dutch Shell Plc
• Reliance Industries Limited
• Chevron Phillips Chemical Company LLC
• China Petrochemical Corporation
• Marathon Petroleum Corporation
• LG Chem

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.

Frozen Bakery Market Size Is Expected To Reach USD 59.86 Billion by 2030

 Frozen Bakery Market Growth & Trends

The global frozen bakery market size is expected to reach USD 59.86 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. An increasing preference for convenience foods and the prominence of specialty frozen bakery products are the main factors driving the growth of frozen bakeries. A noticeable rise in the demand for processed food owing to busy lifestyles is predicted to boost the global market growth.

The growing consumer preference for ready-to-bake and ready-to-eat (RTE) products, attributed to busy and hectic lifestyles and long working hours drives robust global demand for frozen bakery items. The rapidly increasing working population, particularly working women, is anticipated to drive the market during the projected time period. Moreover, the presence of leading players has contributed significantly to the market's growth.

A substantial improvement and upgrade in the organized retail sector, especially in emerging economies, is resulting in increased product availability and visibility. This scenario is expected to contribute to the growth of the frozen bakery industry. Furthermore, rising consumer preference for organic and clean-label products as a result of rising wellness and health concerns presents potential opportunities for producers to diversify their product portfolio, support increasing demands, and generate revenue.

The market has been continually evolving to develop products with healthier ingredients. Frozen bakery products without using dairy ingredients are no longer consumed solely by the lactose-intolerant. There is currently a wide range of variants of non-dairy frozen treats available for those following a specific diet such as vegan or seeking variety. There is no shortage of dairy-free options in the frozen bakery market, ranging from small companies providing vegan options to larger companies offering non-dairy variants of their classic flavors. Almond milk, oat milk, and coconut milk are some dairy-free alternative bases.

Frozen bakery items are widely used to improve food service and boost sales in five-star hotels and high-end restaurants. Guests expect an extensive menu with bakery products such as pastries and pies to suit all tastes, therefore, fine-tasting beverages are not the sole aspect responsible for the success of establishments such as premium coffee shops. The growing demand for diverse product combinations and menus in hotels and restaurants will propel the industry forward.

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Frozen Bakery Market Report Highlights

• Frozen pizza dominated the product segment with the highest market share in 2022. The development of specialty pizza products such as dairy and gluten-free pizzas is the major driver for the segment growth
• Online distribution channel is estimated to be the fastest-growing segment with the highest CAGR over the forecast period of 2023-2030. The increasing number of internet users globally and higher penetration of smartphones are anticipated to be the major growth driving factors
• Asia Pacific is predicted to be the fastest-expanding regional market with a significant CAGR during the estimated timeframe. This growth is attributable to the rising disposable income, and a substantial influence of western culture in terms of food patterns and standard of living

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Frozen Bakery Market Segmentation

Grand View Research has segmented the global frozen bakery market based on product, distribution channel, and region:

Frozen Bakery Product Outlook (Revenue, USD Million, 2017 - 2030)

• Bread
• Cakes & Pastries
• Doughnuts & Pies
• Pizza
• Novelties

Frozen Bakery Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Supermarkets & Hypermarkets
• Convenience Stores
• Bakery Stores
• Online

Frozen Bakery Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Frozen Bakery Market

• Kellogg Co.
• Cargill, Incorporated
• Conagra Brands, Inc.
• Custom Foods Inc.
• Vandemoortele NV
• Bridgford Foods Corporation
• Associated British Foods plc
• General Mills Inc.
• Europastry
• Cole’s Quality Foods, Inc.
• Flowers Foods

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.

Educational Robot Market Estimated To Flourish By 2030: Grand View Research Inc.

 Educational Robot Market Growth & Trends

The global educational robot market size is expected to reach USD 5.55 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth in the market can be attributed to the increasing preference for interactive learning methods in educational institutions. These robots incorporate real-life educational models to facilitate skill acquisition and offer a wide range of information in subjects like STEAM, computer programming, linguistics, history, and geography. In addition, the incorporation of advanced mechanics, voice control, and gestures keep young students engaged while enhancing their educational experience.

This, in turn, is expected to drive the market growth over the forecast period.The rise of Artificial Intelligence (AI) technology and its integration into robotics has transformed the global education industry by providing personalized learning experiences and increased access to education while reducing the workload on teachers. Moreover, educational robots are being programmed to suit students' individual needs, which has further improved K-12 learning, specifically for students with special needs. For instance, Children with Autism Spectrum Disorder (ASD) can be supported better by technologically advanced robots in the learning of social and communication skills. Such technological advancements are anticipated to propel the market growth over the forecast period.

In addition, the companies are entering into partnership and collaborative agreements to develop new and enhanced offerings to gain a competitive edge in the market. For instance, in February 2023, AAEON Technology Inc., a manufacturer of industrial and embedded computing platforms, partnered with PlayRobot to launch a development kit for educational robots. This educational robot kit, developed jointly by AAEON and PlayRobot, will enable students and teachers to gain first-hand experience with AI and robotics development while introducing innovative technology to the classrooms. Such initiatives by key players are anticipated to drive the market’s growth over the forecast period.

The market growth is expected to be further proliferated by favorable government initiatives across several countries. For instance, in 2022, the U.S. government increased funding for STEM activities. The funding for Student Support and Academic Enrichment Grants increased to USD 1.3 billion, Career and Technical Education (CTE) to USD 1.4 billion, Supporting Effective Instruction State Grants to USD 2.2 billion, and 21st Century Community Learning Centers to USD 1.3 billion. This increased funding is anticipated to drive the market growth over the forecast period.

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Educational Robot Market Report Highlights

• The humanoid product type segment is expected to witness a growth rate of 26.1% over the forecast period
• The segment growth is attributed to the increased product adoption due to their human-like characteristics resembling the real-life teachers
• The primary education application segment is expected to record a CAGR of 26.5% from 2023 to 2030. This is attributed to the increasing adoption of robots by educational institutions to encourage STEAM education among children aged below 10 years
• North America captured the highest market share in 2022 owing to the presence of a large number of major players and increasing investments from government organizations in robotics

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Educational Robot Market Segmentation

Grand View Research has segmented the global educational robot market based on product type, application, and region: 

Educational Robot Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Humanoid
• Non-humanoid

Educational Robot Application Outlook (Revenue, USD Million, 2018 - 2030)

• Primary Education
• Secondary Education
• Higher Education
• Others

Educational Robot Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa

List of Key Players in the Educational Robot Market

• Aisoy Robotics
• Blue Frog Robotics
• LEGO Systems A/S
• Modular Robotics (including Cubelets)
• PAL Robotics
• Pitsco Education LLC
• ROBOTIS Inc.
• SoftBank Robotics Group
• RM Educational Resources Ltd. (TTS)
• Learning Resources
• Educational Insights
• Makeblock
• Artec Co. Ltd.
• Ozo EDU Inc.
• Sphero Inc.
• Wonder Workshop Inc.
• VEX Robotics Inc.
• Dobot
• Thames & Kosmos
• WowWee Group Limited

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.

Lingerie Market to Reach Around $141.81 Billion by 2030: Grand View Research Inc.

 Lingerie Market Growth & Trends

The global lingerie market size is expected to reach USD 141.81 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2023 to 2030. The increasing economically independent women population, the rising focus on style quotient and luxury, and the swelling popularity of loungewear, shapewear, knickers, and panties are the factors that drive the market. Additionally, the growing number of women participating in fitness-related activities including marathons, gym, and other sports is further anticipated to surge the demand for products such as sports bras, thus fuelling the growth of the market. The high cost of raw materials and design may hamper the growth of the market.

The COVID-19 pandemic has had a negative impact on the market. In 2020, the collective effect of outlet closings, stinginess resulting from the quickly declining economic situation, and the discretionary character of lingerie made it one of the worse hit apparel categories due to the COVID-19 pandemic. Additionally, the manufacturing hubs operating globally faced a double impact. Due to the COVID-19 pandemic, manufacturing operations came to a halt, followed by an increasing number of order cancellations from foreign clients unable to sell or stock merchandise.

The briefs segment accounted for the largest share of over 55.0% in 2022. This can be attributed to the availability of several products made of comfortable fabric including cotton and nylon, designed with different styles such as hipster, shorts, and full briefs. Moreover, various key players offer special kinds of knickers with jacquard and lace designs, no VPL lace trim, and high waist control to provide comfort and other benefits, which drive the demand for the segment.

North America held the second-largest revenue share in 2022. This is attributed to the presence of a large number of lingerie companies, consumers’ inclination toward premium lingerie brands, and the growing adoption of clean and comfortable lingerie in this region. Most of the manufacturers operating in the region launched various lingerie products to cater to a large number of customers. For instance, in 2018, Victoria’s Secret launched a new line of lingerie in Miami to expand its brand’s product portfolio.

Major companies are focused on launching innovative lingerie products as per the changing fashion trend and consumer demands. Various companies are mostly utilizing e-commerce platforms to offer premium-quality branded lingerie to consumers with increased convenience. In April 2021, Calvin Klein, a PVH Corporation brand, launched its new, sustainable underwear and dual-gender loungewear range produced using sustainably sourced materials, which contributed to the round textile economy through recycled materials.

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Lingerie Market Report Highlights

• Asia Pacific is expected to expand at the fastest CAGR over the forecast period. This is attributed to the presence of a large number of end-users in the region, which is increasing by the expanding popularity of e-commerce, growing disposable incomes, and changing consumer preferences
• The shapewear product type segment is likely to expand at the fastest CAGR over the forecast period. This is attributed to the influence made by the philosophy of body positivity, thus encouraging buyers to purchase products. Furthermore, the growing demand for intimates with the flexibility to appear more attractive and comfortable is expected to drive the segment over the forecast period
• The online distribution channel segment is likely to expand at the fastest CAGR from 2023 to 2030. This is attributed to the growing popularity of branded as well as exclusive products. Additionally, online stores and websites offer all types of lingerie products, thus fueling the segment growth

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Lingerie Market Segmentation

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

Lingerie Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Briefs
• Bras
• Shapewear
• Others

Lingerie Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
• Online

Lingerie Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Lingerie Market

• Jockey International Inc.
• Victoria’s Secret
• Zivame
• Gap, Inc.
• Hanesbrands Inc.
• Triumph International Ltd.
• Hunkemoller
• Bare Necessities
• Calvin Klein
• MAS Holdings

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.

Coffee Machine Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Coffee Machine Market Growth & Trends

The global Coffee Machine market size is expected to reach USD 9.26 billion by 2030, registering a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. With the increasing number of discerning consumers and evolving palate for gourmet varieties, the demand for specialty beverages including coffee has grown significantly in the past few decades. This factor is expected to drive the growth of the market. Coffee is known to reduce the risk of liver diseases, cardiac failure, and type 2 diabetes. This factor will boost the consumption of coffee, ultimately contributing to the growth of the coffee machine market. Higher repair and maintenance cost is the major restraint for the growth.

The COVID-19 pandemic negatively impacted the growth of the market. Most leading brands experienced a slight decline in sales due to the pandemic. The lockdown in China has forced coffee machine manufacturers based in the U.S. and Europe to halt production as they export several input supplies temporarily. Despite threats posed by the economic implications of the COVID-19 outbreak at the start of 2020, the food service sector is gradually recovering presenting a positive outlook for the coffee machine industry.

The drip filter segment held the largest market share in 2022. As these machines are more affordable as compared to espresso types of machines. Moreover, minimum repair & maintenance costs and ample features of the drip filter machines are some of the factors that are driving the growth of the segment. Thus, it is mostly used all over the world and generated large revenue in 2022.

Europe acquired the largest revenue share in 2022. In the German automatic coffee machine industry, manufacturers are highly focused to offer products that are energy efficient. The European regulations drafted for household appliances are focused to reduce greenhouse gas (GHG) emissions and electricity consumption. Increased preference of consumers for the premiumization of coffee machines drives the market in Europe. Thus, the region generated maximum revenue in 2022.

Major market players includeKeurig Green Mountain, Inc.; Panasonic Malaysia; Nestlé Nespresso S.A.; De’Longhi Appliances S.r.l.; Electrolux; Morphy Richards India; Koninklijke Philips N.V.; Hamilton Beach Brands, Inc.; Schaerer; and Robert Bosch GmbH. The manufacturers are focusing on developing coffee machines with Wi-Fi connectivity, voice assistance, etc. Such machines wirelessly connect to smartphones, Bluetooth or Wi-Fi.

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Coffee Machine Market Report Highlights

• Asia Pacific is expected to dominate the market from 2023 to 2030. An increasing number of coffee shops and cafes in the region is likely to grow the regional growth
• The pod/capsule segment is likely to dominate over the forecast period. The acceptance of sustainable coffee pods by manufacturers is expected to grow prospects of the coffee pods landscape and help alter consumer perception regarding coffee pods
• The residential segment is likely to dominate over the forecast period. Technological advancements in coffee machines are anticipated to propel the segment’s growth

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Coffee Machine Market Segmentation

Grand View Research has segmented the global coffee machine market on the basis of product type, application, and region:

Coffee Machine Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Drip/Filter
• Pod/Capsule
• Espresso
• Bean-to-Cup

Coffee Machine Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Commercial
• Residential

Coffee Machine Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Coffee Machine Market

• Keurig Green Mountain, Inc.
• Panasonic Malaysia
• Nestlé Nespresso S.A.
• De’Longhi Appliances S.r.l.
• Electrolux
• Morphy Richards India
• Koninklijke Philips N.V.
• Hamilton Beach Brands, Inc.
• Schaerer
• Robert Bosch 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.

Cellulose Bioplastic Market Expected to Succeed in CAGR of 19.5% by 2030

 Cellulose Bioplastic Market Growth & Trends

The global cellulose bioplastic market size is expected to reach USD 1,536.7 million by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 19.5% over the forecast period.

Cellulose bioplastic is a type of plastic that is made from cellulose esters (nitrocellulose, and cellulose acetate) or cellulose derivatives. Cellulosic plastics are produced using coniferous trees as the main raw material. The bark of the tree is separated and can be used as an energy source in production. The separation of cellulose fibers comes from the tree where they are cooked or heated in a digester. The growing demand for packaging is expected to drive significant market growth during the forecast period.

The growing demand for cellulosic bioplastics is associated with the production of mobile phones, ophthalmic products, thermoplastic products, sheets, and toys, among others. Strict rules governing the use of conventional plastic materials owing to environmental concerns and the resulting damage are significant factors driving the need for more environmentally sustainable materials across sectors and applications. The introduction of various bans on the use of conventional plastics has led to an increase in demand for cellulosic bioplastics and other plastics made from renewable raw materials. cellulosic bioplastics are also biodegradable, which is another driving factor in their preference and their adoption.

The global cellulose bioplastic market is highly competitive and fragmented in nature, with the presence of various key players such as Celanese Corporation, Solvay, Daicel Chemical Industries, Mitsubishi Rayon Company Limited, Eastman Chemical Company as well as a few medium and small-scale regional players operating across the globe.

The market is undergoing a transformation of the value chain from a linear economy to a circular one. Major market players are shifting towards a circular economy in order to have more sustainable solutions and minimize their dependence on crude oil in the future. In recent years, this trend has increased the demand for renewable raw materials such as softwood trees and tree bark for the production of plastics.

Growing concerns about petrochemical toxicity issues, along with the depletion of crude oil reserves, have spurred the development of cellulose-based plastics. Factors including stringent environmental norms such as EN 14995, EN 13432, and EN 17033; growing environmental concerns among consumers; The growing interest of market key players in the production of cellulose bioplastics is expected to be a key growth driver during the forecast period.

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Cellulose Bioplastic Market Report Highlights

• Cellulose Acetate dominate type segment with a share of more than 65% in 2021 and is expected to maintain a healthy growth rate over the forecast period because it is widely produced and readily available. The rapid usage of cellulose acetate in the packaging sector is due to the properties of cellulose acetate made films such as, tearing quickly, are sturdy and puncture-resistant, making them perfect for food packing, hence it can help to drive the cellulose bioplastic market across the globe
• The packaging application led the market with a revenue share of more than 62% in 2021. Increasing utilization of cellulose bioplastics to produce bags for compost, agricultural foils, horticultural products, nursery products, toys, and textiles is the key factor responsible for the segment growth
• Europe dominate the regional segment for the cellulose bioplastic market in 2021 with a revenue share of more than 44%. The European market for cellulosic bioplastics is expected to experience significant growth in the coming years due to various factors such as the presence of stringent environmental laws, growing consumer concern for the environment, and increased investment in research and development in the cellulosic bioplastics sector by private and public organizations
• Stringent regulations pertaining to single-use plastic ban across regions including Europe, North America, and Asia, are expected to fuel the growth of cellulose bioplastics market
• The growing demand for consumer goods along with rising environmental concerns is expected to drive the demand for cellulose bioplastics in the automotive &transportation application segment 

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Cellulose Bioplastic Market Segmentation

Grand View Research has segmented the cellulose bioplastic market report based on application, product and region:

Application Outlook (Revenue, USD Million; 2019 - 2030)

• Packaging
• Agriculture
• Consumer Goods
• Textile
• Automotive & Transportation
• Building & Construction
• Others

Product Outlook (Revenue, USD Million; 2019 - 2030)

• Cellulose Butyrate
• Cellulose Acetate
• Cellulose Propionate
• Others

Region Outlook (Revenue, USD Million; 2019 - 2030)

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

List of Key Players of Cellulose Bioplastic Market

• Celanese Corporation
• Solvay
• Daicel Chemical Industries
• Mitsubishi Rayon Company Limited
• Eastman Chemical Company
• SK Chemicals Co. Ltd.
• Rayonier Advanced Materials
• Sappi
• Merck Millipore
• Haihang Industry

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.

Airsoft Guns Market Significant Profits Estimated to be Generated by 2030

Airsoft Guns Market Growth & Trends

The global airsoft guns market size is expected to reach USD 3,522.2 million by 2030 and expand at a CAGR of 7.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Mounting consumer demand for airsoft sports events is pouring several associations to conduct airsoft leagues all over the globe. For instance, the International Practical Shooting Confederation (IPSC) conducts an international competition for airsoft shooting. Each year, participants from more than 105 nations actively take part in this competition. They have about 200K members across the globe who are into generating awareness about this event, thus driving the market for airsoft guns.

An increasing number of enthusiastic along with adventurous high net-worth individuals are increasing expenditure on airsoft guns which drives the market growth. Though, people are increasingly becoming more conscious of the damage caused by the abuse of these gadgets, which is restraining the growth of the market.The COVID-19 pandemic has had a negative impact on the growth of the market. Most leading brands experienced a decline in sales due to the pandemic.

Various major airsoft events and activities were postponed or cancelled during the pandemic which resulted in a decline in the demand for airsoft guns in 2020. The growing adoption of online channel sales makes the market grow at a steady pace again from the last two quarters of 2020. The handguns segment dominated the market with a market share of over 40.0% in 2021. This is owing to a rise in the demand among customers for them. These lightweight, user-friendly toys are easy-to-use and need no user manual, as such, they are a widely held option by children and adults. Therefore, it is mostly used all over the world and generated large revenue in 2021.

North America acquired the largest revenue share in the airsoft guns market in 2021. This is due to rising consumer inclination for adventure activities and increases in disposable income in the region. By considering the market demand, several companies are offering fields and airsoft guns for rent, where everyone can enjoy the adventure activity. For instance, U.S.-based company, AirsoftC3, LLC is one of the main hosts of indoor as well as outdoor airsoft games that offers field, bb guns, airsoft guns, and protective gear for rent. Thus, North America generated the largest revenue in 2021.

A growing number of rifle companies in advanced countries, such as the U.S., the UK, Germany, France, and Italy have played a significant role in boosting the use of airsoft guns. Companies are running multiple airsoft gun activities and events to bring people into the team.

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Airsoft Guns Market Report Highlights

• The Middle East and Africa are expected to dominate the market over the forecast period from 2023 to 2030. Varying consumer behaviors toward adventure sports activity, along with rising disposable income, particularly among the youth working population, in countries such as Saudi Arabia and UAE, is likely to increase the market growth in the region
• The rifle segment is projected to grow with the fastest CAGR of 8.4% in the forecast period. This is owing to the majority of game experts advising players to use these rifles as they help in providing improved overall shooting accuracy
• The online segment is projected to register the fastest CAGR of 8.2% in the forecast period. A growing number of social media drives about the thrill of these sports events will surge the demand for airsoft guns over the online channel over the next few years

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Airsoft Guns Market Segmentation

Grand View Research has segmented the airsoft guns market report based on product, distribution channel, and region:

Airsoft Guns Product Outlook (Revenue, USD Million, 2017 - 2030)

• Handgun
• Rifle
• Shotgun
• Muzzle Loading

Airsoft Guns Distribution channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Offline

Airsoft Guns Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Airsoft Guns Market

• VALKEN SPORTS
• Colt’s Manufacturing Company, LLC
• ICS Airsoft, Inc.
• Crosman Corporation
• Lancer Tactical Inc.
• Kriss USA
• G&G ARMAMENT TAIWAN LTD.
• Ballistic Breakthru Gunnery Corporation
• A&K Airsoft
• Tokyo Marui

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.

Supply Chain Management Market Revenue Sales to Reach $48.60 Billion by 2030: Grand View Research Inc.

 Supply Chain Management Market Growth & Trends

The global supply chain management market is anticipated to reach USD 48.60 billion by 2030, registering a CAGR of 11.2% in the forecast period, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to advancements in digital technologies, increasing demand for improved supply chain processes visibility by end-users, shipment information transparency, and bolstering the growth of the retail & e-commerce sector. Supply chain management (SCM) enables supply chain managers to track precisely where their existing operations are performing or underperforming. SCM also generates reliable, data-driven solutions and improves businesses' insight through cross-functional access. As a result, end customers are more likely to embrace supply chain management software.

The increasing concerns among enterprises regarding the privacy and security of confidential data are major factors restraining market growth. Data from businesses may leak via the internet and be accessed by unauthorized users, a rising concern among companies. However, the adoption of advanced technologies such as the internet of things (IoT), blockchain, cloud computing, artificial intelligence (AI), and robotics automation, among others, are enabling the secured digital supply network in the near future.

The COVID-19 pandemic illustrated long-standing vulnerabilities in global supply networks. Lockdowns hindered or delayed the movement of raw materials and interrupted manufacturing across multiple industries, putting supply chains under tremendous strain. This disruption has increased supply chain management (SCM) demand. The COVID-19 epidemic has hit every sector, and due to social distancing norms, organizations are shifting toward digitization to assure safety. Companies focus on supply chain optimization to reduce costs, reduce inventories, and increase asset utilization.

Key players such as Infor, Microsoft, IFS, HighJump, and Coupa Software, operating in the supply chain management market, are adopting various growth strategies such as partnerships & collaborations, and mergers & acquisitions to capture maximum market share globally. For instance, in November 2020, Coupa Software announced the acquisition LLamasoft, an artificial intelligence (AI)-powered supply chain design and planning company. The acquisition expands Coupa's supply chain operations, allowing its clients to achieve significant value through business spend management (BSM). Coupa's spend management implementation core and broad market reach, combined with LLamasoft's artificial intelligence (AI) supply chain analytics and digital supply chain, provide an opportunity to incorporate digital transformation solutions.

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Supply Chain Management Market Report Highlights

• In terms of component, the solution segment accounted for the largest share in 2023 and is expected to retain its dominance over the forecast period. Solutions such as transportation management systems, planning & analytics, warehouse & inventory management system, procurement & sourcing, and manufacturing execution are used for supplier management, quality assurance, and logistics management. Increased demand for transportation management systems (TMS) software and the integration of advanced technology into SCM software are the factors attributing to the growth of the market.
• In terms of deployment, the cloud-based segment is expected to be the fastest-growing segment during the forecast period. Most companies have started to adopt the cloud-based SCM system, where they may gain advantages. The cloud-based SCM's storage flexibility provides scalability, which aids enterprises in effective productivity.
• In terms of vertical, the manufacturing segment accounted for the largest market share in 2023 and is expected to retain its dominance over the forecast period. Supply chain management (SCM) enables manufacturers to minimize direct sales and overhead expenses by lowering distribution costs. Examples of SCM systems that minimize distribution expenses include fuel-efficient forklifts, stringent material-handling standards, advanced navigation, routing solutions, and a cost-based order-processing and procurement system.
• Asia Pacific is expected to register the highest growth during the forecast period. Huge infrastructure investments by governments and large corporations to improve mobility and infrastructure will likely boost demand for SCM in the Asia-Pacific region. For instance, in September 2022, DHL announced an investment of USD 520 million in India over the next five years to increase its warehouse capacity, workforce, and environmental initiatives

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

Supply Chain Management Market Segmentation

Grand View Research has segmented the global supply chain management market report based on component, deployment, enterprise size, vertical, and region:

SCM Component Outlook (Revenue, USD Million; 2017 - 2030)

• Solution
  • Transportation Management System
  • Planning & Analytics
  • Warehouse & Inventory Management System
  • Procurement & Sourcing
  • Manufacturing Execution System
• Services
  • Professional Services
  • Managed Services

SCM Deployment Outlook (Revenue, USD Million; 2017 - 2030)

• On-premise
• Cloud-based

SCM Enterprise Size Outlook (Revenue, USD Million; 2017 - 2030)

• Small & Medium Sized Enterprises
• Large Enterprises

SCM Vertical Outlook (Revenue, USD Million; 2017 - 2030)

• Retail & e-Commerce
• Healthcare
• Automotive
• Transportation & Logistics
• Food & Beverages
• Manufacturing
• Others

SCM Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia
• South America
  • Brazil
• Middle East & Africa
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in Supply Chain Management (SCM) Market

• SAP SE
• Oracle
• Blue Yonder, Inc.
• Infor
• Manhattan Associates
• Coupa Software, Inc.
• IBM
• American Software, Inc.
• Korber AG
• Epicor Software 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.