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Showing posts from May, 2024

Lubricants Market Disruption: Adapting to Shifting Consumer Demands 2023-2030

  Lubricants Industry | Forecast 2030 The economic value generated by the lubricants industry was estimated at approximately USD 134.65 billion in 2022. This economic output is an amalgamation of basic lubricant product categories namely, industrial, automotive, marine, and aerospace lubricants. The global lubricant industry has been witnessing a significant change, particularly in terms of raw materials, owing to the rising demand for bio-based lubricants. Asia Pacific has emerged as one of the largest consumers of lubricants owing to the rapidly growing automotive industry along with industrial development in the region. The most extensively used lubricants in the Asian market include automotive engine oils, greases, and hydraulic fluids. The market in the Asia Pacific has started mirroring the American and European regulatory systems, and countries like Japan and South Korea are thus emphasizing eco-labeled lubricants.   Access the Global Lubricants Industry Data Book, ...

Exploring Emerging Technologies in Blister Packaging Procurement

  Blister Packaging Category - Procurement Intelligence The blister packaging category is expected to grow at a CAGR of 7.7% from 2023 to 2030. North America accounts for the largest share of the category. Transformation in packaging solutions is driving the demand in the category. Rising concerns about product safety, technology innovation, and sustainability have changed the way manufacturers are producing packaging solutions. Manufacturers are focusing on producing blister packaging using eco-friendly plastics. For instance, in 2021, Amcor announced customer trials of its first recyclable polyethylene-based thermoform blister packaging, AmSky, which is an alternative for PVC in blister packaging. AmSky reduces its carbon footprint by 70% compared to PVC. This packaging solution is frequently employed for tamper-evident purposes as it offers a securely sealed and transparent container for products, enabling consumers to detect any signs of tampering or opening. It also presents...

Molded Pulp Packaging: Procurement Strategies for Risk Management

  Molded Pulp Packaging Category Overview The global molded pulp packaging category is anticipated to grow at a CAGR of 7.7% from 2023 to 2030. Growth of the category can be attributed to greater cost saving advantage offered by the products within the category in comparison to Expanded Polystyrene (EPS) and plastic packaging, rising need for environmentally safe and sustainable packaging options, and growing demand from end-use sectors such as electronics, food & beverage, healthcare, etc. Molded pulp is compostable, naturally biodegradable and recyclable, which fuels its need in the packaging sector.It is anticipated that innovations in manufacturing due to continuous research & development, and use of molded pulp as protective packaging for transportation & storage while also allaying sustainability concerns, are the factors increasing the demand for the products offered in the category. However, stringent government regulations across the globe to ensure thorough m...

Textiles Industry: Strategies for Sustained Growth in 2023-2030

  Textiles Industry | Forecast 2030 Grand View Research’s textiles sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book. The economic value generated by the textiles industry was estimated at approximately USD 1.6 trillion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing, distribution & supply, and application of textiles. Access the Global Textiles Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, com...

Waste Management Industry: Strategies for Sustained Growth in 2023-2030

  Waste Management Industry | Forecast 2030 Grand View Research’s waste management industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research. The economic value generated by the industry was estimated at approximately USD 1.24 trillion in 2021. This economic output is an amalgamation of businesses that are involved in the services of waste collection, transportation, and disposal activities. Disposal activities mostly include incineration, landfill, composting, and recycling processes. Access the Global Waste Management Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, comp...