Uncategorised – Page 17 – Market Industry Forecast News

Industrial Air Filtration Market Evolving to Meet Stringent Emissions Regulations Worldwide

Rapid industrialization and rising environmental concerns are navigating the industrial air filtration market. The world is aware of its carbon footprints, and industries willingly focus on air filtration in their respective plants. Rising air pollution due to carbon and other pollutants such as pollutants such as nitrogen oxide, ammonia, and mercury are causing harm to the environment. Therefore, according to Grand View Research, the global industrial air filtration market is poised for significant growth, with an estimated size of around USD 7.43 billion in 2023 and a projected compound annual growth rate (CAGR) of 6.3% from 2024 to 2030.

Access the Industrial Air Filtration Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Driving Factors of the Industrial Air Filtration Market

Multiple factors, such as international mandates like the UN Framework Convention on Climate Change, Montreal Protocol, Kyoto Protocol, COP24, and others, drive the market. In addition, respective countries’ government regulations increase workplace safety awareness and maintain high-quality air standards across various industries.

As the global economy continues to evolve, this market is expected to witness a surge in demand, particularly in key sectors such as cement, food and beverage, metal, power, pharmaceutical, manufacturing plants, chemical and petrochemical, paper and wood processing, and agriculture.

Benefits of Air Filtration in Industries

Reduces carbon emissions and helps to improve air quality
Effective in removing impure pollutants and contaminants
Increases the efficiency of workplaces by adhering to industry standards
Protect employees from hazardous air pollutants
Removes solid dust particles from polluted gases

The Types of Industrial Air Filtration Products
Industrial air filtration includes a diverse range of products, encompassing technologies and solutions. For example, cartridge collectors and filters, baghouse filters, mist collectors, fume collectors, and High-Efficiency Particulate Air (HEPA) filters are among the prominent product categories that cater to industrial facilities’ diverse needs.

Cartridge collectors and filters, for instance, offer efficient particulate removal, making them suitable for applications where fine dust and debris are a concern. On the other hand, baghouse filters excel in handling larger particulates, often found in cement, metal, and power generation industries.

Order Your Sample Copy of the Industrial Air Filtration Market Size, Share & Trends Analysis Report By Product, By End Use (Cement, Food & Beverage, Metal, Power, Pharmaceutical), By Region, And Segment Forecasts, 2024 – 2030

Mist collectors and fume collectors play a vital role in controlling airborne contaminants, such as oil mists and welding fumes, ensuring a safer working environment in manufacturing industries. HEPA filters, renowned for their exceptional filtration capabilities, are widely used in industries, such as pharmaceuticals and electronics manufacturing, where high-purity air is paramount.

As the market continues to evolve, industry players are actively investing in research and development to enhance the performance, energy efficiency, and sustainability of their filtration solutions. Advancements in materials, sensor technology, and data analytics are driving the industry forward, enabling more intelligent and adaptive air filtration systems.

Furthermore, the increasing emphasis on environmental sustainability and the reduction of greenhouse gas emissions have led to an increased adoption of energy-efficient and eco-friendly industrial air filtration systems. Manufacturers are exploring innovative technologies, such as renewable energy-powered units and advanced filtration media, to minimize the environmental impact of industrial operations.

Final word

An increasing focus on workplace safety and a growing concern for the environment is driving the market growth for industrial air filtration. This presents significant growth opportunities for manufacturers, service providers, and end-users across various industries. By staying abreast of the latest trends, making use of technological advancements, and adapting to the changing needs of diverse industries, stakeholders can stay competent in this expanding market.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Innovative Solutions Driving the Electric Vehicle (EV) Charging Infrastructure Market Forward

The electric vehicle (EV) charging infrastructure market is anticipated to witness an upward growth curve in the near future. This growth can be attributed to the global concern about climate change and the requirement for eco-friendly alternatives, which have led consumers to adopt electric vehicles. Electric vehicles have approximately zero percent CO2 emissions and are increasingly reducing the dependence on fossil fuels. The increasing adoption of electric vehicles worldwide has led to a significant increase in the requirement of charging infrastructure needed for electric vehicles, which in turn is fueling the growth of the market for EV charging infrastructure.

The market is further boosted by the growing affordability of lithium-ion batteries, making EVs a more accessible and attractive choice to a wider range of population. Economic incentives offered by various governments worldwide are likely to be a major driving factor in the EV charging infrastructure landscape. Government regulations and tax exemptions are playing an important role in promoting EV adoption, which in turn is driving the demand for EV charging infrastructure solutions.

Access the Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

According to a new report by Grand View Research Ltd, the global market for EV charging infrastructure was estimated at USD 25.83 billion in 2023 and is projected to grow at a CAGR of 25.4% from 2024 to 2030.

Types of Charging Technologies

The technologies involved in EV charging infrastructure solutions are in an evolving stage. There are basically three types of EV charging categories:

Level 1 Charging: This is the slowest and simplest form of charging. It is done using a 120-volt AC outlet, the same as a standard household outlet in the US. This charging is convenient as it does not require any additional hardware equipment or costs. It may take up to 12 hours to charge an EV.
Level 2 Charging: This type charges the EV faster than Level 1 charging. It uses a 240-volt AC supply to charge an EV battery in a few hours. This is the most common type of public and home charging and is compatible with all EVs.
DC Fast Charging (DCFC) or Level 3 Charging: The DCFC is the fastest to charge an EV battery to 80% in as little as 30 minutes. This technology, although fast, requires additional costly and complex equipment.
Wireless Charging: This technology is still in its nascent stage, and if implemented successfully, it can charge EVs without any connectors or while driving on roadways.

Developments/Innovations in the EV Charging Infrastructure Industry

With the potential growth of the EV market, the demand for faster and more convenient charging options is driving the development of more Level 2 and DCFC stations. Many electric vehicle charging infrastructure providers are innovating to enhance their offerings. For example, Leviton Manufacturing Co., Inc., in January 2023, planned to launch a new EV Series of Level 2 charging stations. These stations, available in 32-, 48-, and 80-amp versions, will be compatible with the My Leviton app and designed to charge all EV models in North America efficiently.

The electric vehicle charging infrastructure market is witnessing many innovations, which also can enhance and improve the existing charging technologies. The integration of on-site energy resources and smart energy management systems is an important development in this regard. This innovation allows for the optimization of energy usage and cost efficiency, making EV charging more sustainable and accessible. The shift of charging infrastructure operators to Open Charge Point Protocol (OCPP) 2.0.1 is also noteworthy, as this protocol tries to standardize the communication between EV charging stations and management systems, which can ensure better interoperability.

Order Your Sample Copy of the Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector, By Level Of Charging, By Connectivity, By Application, By Region, And Segment Forecasts, 2024 – 2030

The bidirectional charging technology is another revolutionary step in the EV charging solution. This technology allows EVs not only to draw power from the grid but also to supply electricity back to it, which effectively makes EVs into mobile energy storage units. This technology can enhance grid stability and promote the use of renewable energy sources. Furthermore, wireless EV charging is moving from early adoption to roadway trials, where charging is seamless and integrated into the driving experience.

A few of the key players in the EV charging infrastructure market include bp pulse; Tesla, Inc.; Chargepoint Inc.; and ABB Ltd. Conventional automotive manufacturers such as Kia Motors, Volvo, Ford, and Mercedes-Benz are also partnering with charging infrastructure providers to ensure convenient access to charging stations for their customers using their new EV variants. Companies such as Ecotap, Delta Electronics, and Enel X are looking forward to the development of solar-powered electric vehicle charging stations, which may be a shift towards more sustainable energy sources.

In Conclusion

These developments indicate a dynamic market that is rapidly adapting to the growing demand for electric vehicles and the requirement for faster, more cost-effective, and easily available charging solutions.

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Electric Vehicle Market Segmentation: Passenger Cars, Commercial Vehicles, and Beyond

Rise and Rise of Electric Vehicles

Growing awareness about climate change and the need for sustainable practices have led consumers to seek eco-friendly alternatives, prompting electric vehicle market players to boost their portfolios. Consumers are increasingly interested in reducing their reliance on fossil fuels, which has boosted demand for EVs. Governments worldwide are implementing strict emission standards and promoting cleaner transportation. These policies encourage the adoption of EVs by providing incentives, tax breaks, and subsidies.

With countries committing to reduce their carbon footprints, the automotive industry is shifting toward sustainable alternatives like electric vehicles. With improving battery technology, EVs are becoming more powerful and efficient, making them an attractive choice for consumers. In addition, the environmental benefits of reduced greenhouse gas emissions and air pollution are contributing to the appeal of EVs.

The worldwide market for electric vehicle (EV) was valued at approximately USD 646.72 billion in 2023. It is projected to expand at a CAGR of 14.5% over the period from 2023 to 2030, as reported by Grand View Research.

Access the Electric Vehicle Market Size, Share & Trends Analysis Report 2023-2030, published by Grand View Research

Types of Electric Vehicle (EV) (Differentiated on Technologies)

In the evolving landscape of sustainable transportation, three types of electric vehicles stand out for their unique benefits. Battery Electric Vehicles (BEVs) are popular for their zero-emission performance, offering a silent and smooth ride with the added perk of lower maintenance due to their simpler design. Fuel Cell Electric Vehicles (FCEVs) are equally notable for their clean operation, emitting nothing but water vapor, while also diminishing the reliance on oil through the use of hydrogen as a fuel source; they boast the added advantage of rapid refueling times. Plug-in Hybrid Electric Vehicles (PHEVs) provide a versatile solution, running emission-free on short electric drives and seamlessly transitioning to gasoline for extended range, thus eliminating the worry of running out of charge. Collectively, these vehicles are driving the future of mobility towards an eco-friendlier horizon, each with its own set of advantages that cater to the varying needs of consumers seeking greener transportation options.

Autonomous EVs

Electric vehicles are at the forefront of autonomous driving development. Advanced driver-assistance systems (ADAS) find seamless integration into electric platforms. The inherent architecture of EVs facilitates sensor placement and efficient data processing for autonomous features. Autonomous EVs are driven by a complex network of sensors, cameras, radar systems, and advanced AI-based algorithms, which help them navigate and make real-time decisions on the road without any direct human intervention.

Order Your Sample Copy of the Electric Vehicle Market Size, Share & Trends Analysis Report By Product (BEV, PHEV, FCEV), By Application (Passenger Cars, Commercial Vehicles), By Region, And Segment Forecasts, 2023 – 2030

Battery Efficiency/Technology Used in EVs

Battery efficiency remains a top priority for EV manufacturers. Researchers are pushing the boundaries of energy density, cycle life, and safety. While lithium-ion batteries continue to dominate the market, there’s growing interest in solid-state batteries, which promise higher energy density and faster charging capabilities. The availability of high-power chargers (such as 350 kW) is reducing charging times significantly. Ultra-fast charging technologies, often coupled with 800-volt systems, enhance convenience for EV owners, making long trips more feasible.

In addition, weight reduction is critical for extending the EV range. Manufacturers are turning to materials like carbon fiber composites and advanced aluminum alloys to achieve this goal. Researchers continue to explore novel materials for battery casings, thermal management, and other structural components.

Investment Opportunities

Global EV sales are concentrated in China, Europe, and the United States, accounting for nearly 95% of all electric car registrations. In these regions, electric cars hold a significant share of the local car markets. Emerging markets like India, Thailand, and Indonesia have shown promising growth, tripling their electric car sales in 2023.

Electric car sales have been on a robust trajectory. Factors driving this growth include competition among manufacturers, falling battery and car prices, and ongoing policy support. Collaborations between traditional original equipment manufacturers (OEMs), new-entrant OEMs, captive finance companies, and dealerships will be crucial in the coming years. Companies are securing direct deals with battery manufacturers and investing in critical mineral mining to meet EV demand.

Some of the key players in the EV market are Tesla, BYD Company Ltd, and Toyota Motor Corporation, among others. Tesla recently introduced the 2024 Model 3 Performance, an upgraded version of the previously launched Model 3 sedan. Beyond cosmetic enhancements for a sportier look, this electric vehicle (EV) boasts mechanical improvements that enhance its performance. Notably, the new model features a more aerodynamic design compared to its predecessor.

In Conclusion

In summary, the electric vehicle market is poised for continued growth, with EVs inching closer to becoming a mass-market product across diverse regions. As technology advances, affordability improves, and supportive policies persist, the EV revolution is set to reshape the automotive industry worldwide.

2023-2030 Legal Services Procurement: Strategies for Cost-Effective Sourcing

Legal Services Category – Procurement Intelligence

The legal services category is expected to grow at a CAGR of 5.3% from 2023 to 2030. The legal industry has undergone a transformationtransformed due to the rise of Artificial Intelligence (AI). AI-powered software has become crucial in enabling law firms and lawyers to streamline their processes, saving valuable time. Automation tools enhance the efficiency of document creation and review, while collaborative platforms further simplify documentation procedures. These technological innovations help attorneys reduce costs and enhance convenience.

A growing number of law firms are using chatbots to improve their operational efficiency, ultimately saving them and their client’s time and money. These chatbots are capable of aiding legal companies in tasks such as digitizing data, searching for lawyer-specific documents, and handling various other activities. Additionally, they can assist in tasks like following up with unresponsive clients and gathering crucial information through automated conversations.

Access the Legal Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

With the onset of AI, the current hierarchical structure of legal firms is expected to flatten due to the imminent demise of billable hours. Additionally, tTraditional firms will are expected to face increased competition from AI-driven tech companies acting as Alternative Legal Service Providers (ALSPs). Law firms might transform into tech-oriented entities, creating their own AI tools to provide AIaaS (Artificial Intelligence as a Service (AIaaS). This evolution in the industry, driven by AI, offers substantial opportunities and challenges in the industry. Firms that harness these advanced tools stand to enhance efficiency and accuracy, while significantly broadening their range of services.

With the ongoing advancement of in technology, the prevalence of cyber threats has increased, giving rise to a new trend in the industry. Lawyers now face fresh challenges related to cybersecurity, emphasizing the need for expertise in this area. As technology and cyber threats continue to grow in complexity, lawyers play a vital role in tackling cybersecurity concerns. Their understanding of legal frameworks, risk management, compliance, litigation, and due diligence is essential in addressing these evolving challenges.

In recent years, in-house law departments have expanded both in scale and in influence, managing a larger volume of intricate tasks that were previously outsourced to law firms. Nowadays, many in-house departments adopt a business-oriented approach to legal services, involving professionals from various fields such as business, IT, and procurement to assess external service providers.

Law firms must establish their identity as service providers capable of utilizing AI tools effectively while also delivering unique human skills that AI cannot mimic. These human abilities will remain essential to the value proposition of human lawyers in the future.

Order Your Sample Copy of the Legal Services Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Legal Services Sourcing Intelligence Highlights

The legal service category has a high barrier to entry due to factors such as stringent regulations, the need for extensive expertise, and license requirements.
The category is fragmented due to the presence of numerous players and the rise of ALSPs providing services at lower costs. Law firms try to differentiate by case resolution time, win rate, and client satisfaction.
Consultant salaries and licenses, office rent/lease, office equipment, insurance, utilities, and othersare some of the costs incurred in providing services.

List of Key Suppliers in the Legal Services Category

FindLaw, Avvo, LegalZoom, Baker McKenzie, Baker Hostetler, Goodwin Procter, LegalShield, Rally, Deloitte, PwC

Legal Services Procurement Intelligence Report Scope

Legal Services Category Growth Rate: CAGR of 5.3% from 2023 to 2030

Pricing growth Growth Outlook: 2% – 3% (Annually)

Pricing Models: Value-based pricing, service-based pricing, competition-based pricing

Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

Supplier selection Selection criteriaCriteria: Diversified types of cases handled, win rate, experience in the field, case resolution time, transaction support, global reach, regulatory compliance, technical specifications, operational capabilities, quality measures, certifications, data privacy regulations, and others

Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Thriving Lubricants Sector: Uncovering Growth Prospects from 2023 to 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, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Developing economies such as China, India, and Indonesia etc. are driving the manufacturing Industry across the globe. With an increased number of downstream and midstream projects, such as pipeline network expansion, LNG terminals, and downstream capacity expansion, the use of equipment has also increased, thus demand for specialized lubricants used for proper functioning of machineries will in turn increase for the forecast period.

Lubricants are extensively used in processing industries and automobile parts, especially in brakes and engines which need lubrication for continuous smooth functioning. With the growth in sales of automotive industry the projected consumption of lubricants in the manufacture and maintenance of vehicles is also expected to rise in the coming years. The following graph depicts the number of registered cars in the U.S. during the period 2016 to 2021.

Industrial Lubricants Market Insights

The global industrial lubricants market size was valued at USD 53.17 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. Rapid industrialization in developing countries followed by a rise in the number of trade activities fuels the demand for industrial lubricants. Rising investments in R&D activities along with proper expansion channels help the growth of key players. Some industries slated to witness considerable growth include unconventional energy, chemicals, and mining. This trend is expected to further strengthen product demand in compressors, hydraulics, industrial engines, centrifuges, and bearings.

Over the past decade, emerging economies such as India, Japan, South Africa, China, and Brazil have witnessed a significant rise in the industrial sector. Industries such as the ones manufacturing foundry, plastics, metal consumer appliances, and more, along with mining industries have gained significant importance and thus demand high-quality industrial lubricants.

Order your copy of the Free Sample of “Lubricants Industry Data Book – Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Automotive Lubricants Market Insights

The global automotive lubricants market size was estimated at USD 72.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. Growing demand for high-performance and lightweight vehicles in emerging economies such as India and China along with a shift in consumer preference towards sustainable lubricants is the key factor driving the market growth.

Increasing automotive production coupled with a shift in trend from heavy vehicles to lightweight vehicles is a key driving factor since the latter contributes significantly to weight savings and lower carbon emissions. A 10% reduction in the weight of an automobile results in approximately 5% to 7% fuel savings. In addition, the reduced weight also aids in controlling the emission of CO2 throughout the life cycle of the vehicle. It further helps the overall performance of the vehicle in terms of acceleration and handling. Moreover, the reduction in mass at unhinged points provides for a reduction in noise and vibration, making it a smoother ride. Thus, growing concerns regarding fuel consumption and greenhouse gas (GHG) emissions are expected to boost the demand for lubricants in commercial as well as passenger vehicles.

Marine Lubricants Market Insights

The global marine lubricants market size was valued at USD 7,395.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. Rising demand for durable products and increasing trade activities, especially in emerging economies of Asia Pacific, are among the key trends escalating market growth. The U.S. is the largest consumer of the product in North America with a revenue share of 70.9% in 2022. Marine engine oils are the major segment within the marine lubricants market space in the U.S. The production of finished goods that are in high demand in emerging economies is resulting in increased exports from the U.S. As air transport has its limitations, goods are transported through the sea route. Marine lubricants are widely utilized in the shipping industry to protect and enhance the efficiency of engines and equipment. These are high-performance fuels, specially designed to enable optimal performance in operations. They possess various exceptional inherent characteristics such as extending engine life and protecting components at high temperatures, improving performance and reliability of machinery, enhancing protection from mechanical wear and mitigating cold corrosion.

Go through the table of content of Lubricants Industry Data Book to get a better understanding of the Coverage & Scope of the study

Aerospace Lubricant Market Insights

The global aerospace lubricant market was valued at USD 760.4 million in 2014. Increasing air traffic in both developed as well as developing economies such as U.S., UK, India, and China is expected to drive the aerospace lubricant market over the forecast period.

Global air passenger traffic grew by over 6% in 2015 owing to lower airfares along with an increase in the frequency of flights. The Middle East and Africa, outperforming North America, witnessed considerable growth with increasing revenue passenger kilometers year on year. Aviation lubricants improve the operational efficiency of engines, by reducing friction between two coated surfaces, resulting in more distance traveled with the same amount of fuel.

Company Profiles:

ExxonMobil Corp., Royal Dutch Shell Co., British Petroleum, Total Energies, Chevron Corporation, Fuchs Group, Amsoil Inc, CASTROL LIMITED, Philips 66 Company, Valvoline LLC, Idemitsu Kosan Co. Ltd, Lukoil, PetroChina Company Limited, Petrobras, Petronas Lubricant International, Quaker Chemical Corp, PetroFer Chemie, Zeller Gmelin GmbH & Co. KG, Buhmwoo Chemical Co. Ltd, Blaser Swisslube Inc, Zeller Gmelin GmbH & Co. KG, BELLZOIL OVERSEAS PVT LTD, Carol Petroleum Private Limited

Competitive Insights

The global lubricants market is competitive markets with a large number of well diversified regional, and independent small scale and large scale manufacturers and suppliers. The small-scale companies majorly compete on the basis of price, after sales service and delivery timelines. Whereas the large scale companies focus on product development and innovations as well as marketing strategies. Some companies are also redefining their supply chain to reduce cost and customer delays.

Global as well as regional players are developing direct sales channels, especially for automotive lubricant users at their local service centers. Some companies also participate in annual events of their end users and showcase their products at offer prices. Direct sales through such platforms reduces the dependability towards retailers and wholesalers at the same time offering better margins and operational costs. Such sales also develop a strong database of customers which enables the manufacturer to develop a better understanding about the demands.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Thriving Bedding Sector: Uncovering Growth Prospects from 2023 to 2030

Bedding Industry | Forecast 2030

The economic value generated by the bedding industry was estimated at approximately USD 148.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of bedding materials, distribution & supply, and application of bedding.

Technological advancements in bedding materials and manufacturing processes have a significant impact on the bedding market. The development of new materials that can regulate temperature or wick away moisture help to meet the growing demand for bedding that promotes a comfortable and restful sleep.

Asia Pacific dominated the bedding market in 2022 with a revenue share of over 37%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality bedding products for overall comfort. In addition, tourism in the region is increasing the demand for high-quality bedding products in hotels and resorts. This is further expected to bolster the demand for bedding products in commercial spaces.

Access the Global Bedding Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Mattress Market Insights

The global mattress market size was valued at USD 39.4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. Increasing product demand from the real estate sector to serve the needs of the residential segment has led to an increase in the sales of home furnishings, such as mattresses, pillowcases, and bed linen products, among others. However, the COVID-19 pandemic has impacted the growth of the market. People were reluctant to leave their homes because of the pandemic. As a result, the e-commerce sector has experienced growth, and businesses are creating innovative tactics to enable customers to purchase mattresses from the convenience of their homes.

Consumer willingness to pay for sleep solutions has changed significantly worldwide, not just in the major cities but also in smaller cities and towns. People’s desire to conduct in-depth research, compare pricing and make knowledgeable selections when purchasing mattresses and other sleep solutions have substantially improved as awareness has expanded. The increasing number of luxury hotels in the U.S. is also expected to significantly contribute to revenue growth as the bedding used in these hotels is of superior quality. These products cost a lot more than regular bedding products and this is projected to positively impact the mattress market.

In addition, lifestyle inflation has become a common occurrence among generations X, Y, and Z, and there has been a gradual increase in expenditure with rising incomes. According to research conducted by the Federal Reserve Bank of New York in September 2019, lifestyle inflation is common among low-, middle- as well as high-income individuals. An average American head of the household aged 35 to 44 years carries a non-housing debt of over USD 100,000. Although, the high cost of replacing a mattress makes them unaffordable for middle-income consumers. For instance, according to a blog by Tuck, the average price of a memory foam mattress in 2019 ranged between USD 1,000 and USD 1,100.

Order your copy of the Free Sample of “Bedding Industry Data Book – Bed Linen, Mattress, Pillows and Blankets Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Blanket Market Insights

The global blanket market size was valued at USD 17.0 billion in 2018. Growing application of blankets in the commercial sectors including travel and hospitality, military and defense, and charity is expected to have a positive impact on the market growth. Furthermore, the market has seen a boom as a result of innovation and ease of product availability in affordable price ranges.

The industry is expected to witness further growth as a result of the increasing demand for luxury and comfort among the working-class population in developing countries such as India and China. The pattern, material, and color of blankets play an essential role in influencing the buying behavior of consumers. Considering the change in the buying patterns, a preference for bold and dramatic colors has been observed among consumers. Blanket manufacturing companies have been incorporating these preferable colors and patterns in their new products.

New product developments such as pastel-colored cotton blankets are expected to remain a recent trend. Preference for color and pattern is mostly based on the requirements of products with excellent stain resistance and machine washable properties. Additionally, demand for exotic colors and patterns related to flora and fauna has been observed in countries including India, Vietnam, Myanmar, and Sri Lanka.

Over the past few years, fluctuating weather patterns at a global level have played a crucial role in promoting the utility of electric blankets. The ability of the blanket to warm itself offers temperature control benefits and over-the-top comfort. Growing consumer awareness, coupled with the frequent launch of the new blankets with high quality, is expected to expand the industry size. In addition, an increase in private consumption expenditure is likely to boost the consumption of luxury and decorative products, especially in emerging countries including China and India.

Go through the table of content of Bedding Industry Data Book to get a better understanding of the Coverage & Scope of the study

List of key companies analyzed in this section include:

Acton & Acton Ltd., Tempur Sealy International, Inc., American Textile Company, Serta Simmons Bedding LLC, Casper Sleep Inc., Boll & Branch LLC, Beaumont & Brown Ltd., American Blanket Company, Chellco Industries Limited, Jindal Woollen Industries Ltd., Youngman Woollen Mills Private Limited., Spring Air International, Sleep Number Corp., Kingsdown, Inc., Pacific Coast Feather Company, Trident Ltd., Crane & Canopy Inc., Peacock Alley, Purple Innovation, Inc., Southerland Sleep

Competitive Insights

The manufacturers use a variety of strategies, including acquisitions, the introduction of new products, partnerships, and the bolstering of their distribution networks, to achieve maximum company growth and a strong marketplace. Manufacturers of bedding goods intend to strengthen their market positions by expanding their clientele. Therefore, major market players are pursuing mergers, acquisitions, and other strategic initiatives to achieve business development in the regional market.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Strategic Procurement Insights for Catering Services: 2023-2030 Forecast

Catering Services Category – Procurement Intelligence

The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The rise of the catering sector is mostly driven by the rising popularity of online catering. New habits are becoming ingrained and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of reasons, including changing food preferences, the rise of online ordering and delivery, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business.

Technologies such as food tracking & traceability and smart appliances are used by the companies. Ann Sather uses food tracking and traceability to ensure the safety and qualityof their food and to track the food from the farm to the table, which can prevent foodborne illness. Aramark use smart appliances which helps them to save time and energy as those appliances can be programmed to cook food automatically, and they can also be monitored remotely.

Access the Catering Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with a variety of large and small market players in the sector. To grow their presence and market share, these market players are launching new services and engaging in a number of merger and acquisition activities. There are many minor market participants with sizeable market shares, and it is projected that they will significantly contribute to market expansion during the evaluation year.

Businesses typically use a fixed pricing structure for menu options. For the food and service, there is a set price per participant. This straightforward pricing approach provides clear explanations of the components and associated fixed rates which are unaffected by size, scope, or preferences. This price structure is often used by both independently owned catering companies and restaurants with catering departments. This pricing strategy attracts clients as it is straightforward and sincere. Food and beverage costs make up the bulk of this category’s costs since businesses must buy the ingredients needed to cook food, and the price of those ingredients varies based on the required quality and quantity. Raw material accounts for 40% of the total cost. A catering service’s transportation costs may vary depending on a number of factors, including the distance to be traveled, the size of the event, the type of food being transported, and the time of day.

One of the biggest markets for this type of category is the U.S., where many companies provide services for weddings, business events, and other special occasions. Another significant competitor in this market is the United Kingdom, which has a long history of providing catering for upscale occasions like state banquets and royal weddings. With numerous Michelin-starred chefs, Germany and France are renowned for their excellent cuisine and catering services. This industry is also expanding in China, which is anticipated to have significant growth over the next few years due to shifting consumer preferences and rising income levels.

Catering Services Sourcing Intelligence Highlights

There are many small and major businesses operating in various regions, which has led to a highly fragmented category for catering services globally. Players are in intense competition with one another as they try to increase their consumer base and provide better customer experiences.

Raw material and transportation & rental costs account for the largest cost component of the catering service business

Fluctuations in raw material prices such as vegetables are expected to impact the service prices.

Most of the service providers offer complete services such as planning required for destination events, appropriate use & maintenance of equipment like utensils, and others.

Order your copy of the Catering Service Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

List of Key Suppliers in the Catering Services Category

Ann Sather

Aramark Corporation

Aria catering

AVI Food Systems

Bartlett Mitchell

Black Olive Catering

Blue Plate

CH and Co Catering Group

Compass Group

Delaware North Companies

Catering Service Procurement Intelligence Report Scope

Catering Service Category Growth Rate: CAGR of 5.8% from 2023 to 2030
Pricing Growth Outlook: 7% – 9% (Annual)

Pricing Models: Fixed price pricing model

Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

Supplier Selection Criteria: Quality, price, safety measures, cost and value, support and maintenance, regulatory compliance, flexibility, and others

Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Advancements in Veterinary Imaging Instrument Sector: Trends and Opportunities from 2023 to 2030

Veterinary Imaging Instrument Industry | Forecast 2030

Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global market size for the veterinary imaging instrument was estimated at USD 1.44 Billion in 2021 and is anticipated to increase at a CAGR of 5.7% from 2022 to 2030. The market is expected to expand because of the rising pet expenditure, the number of veterinarians in developed countries, and product launches. For instance, the helical fan beam CT system has enabled quicker scanning for routine imaging of the sinuses and teeth in horses, according to the Journal of the American Veterinary Medical Association in 2020. As a result of this quality, the helical fan beam CT system has been accepted by professionals and is currently in use.

Access the Global Veterinary Imaging Instrument Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, the rising prevalence of cardiovascular disease, arthritis, lameness, and the occurrence of bone injuries in pet population is further anticipated to fuel market growth. North America held the lion’s share in the regional market. However, competition in the emerging market is increasing because nations owe to demand from consumers’ end and veterinary infrastructure development.

Key veterinary imaging equipment manufacturers are adopting strategies such as JV, M&A etc that would provide a wider consumer base and geographic footprint. For instance, Zomedica Corp. highlighted a successful acquisition of Assisi’s LOOP and Calmer Canine product lines as well as assets of Revo2’s imaging products in its Q3 2022 report. The combination of these two product lines would give veterinarians the chance to better care for the animals they treat while also benefiting their clinics financially, ultimately resulting in an increase in business revenue as user adoption of the products rises.

Veterinary X-ray Market Insights

The global veterinary x-ray market size is estimated at USD 654.39 million in 2022 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 6.31% over the forecast period. Demand for veterinary X-rays has increased due to a greater emphasis on animal health innovation, a greater need for diagnostics, increased pet adoption, and increased adoption of radiography in veterinary orthopedics, dentistry, and in several other indications. Furthermore, the increasing incidence of zoonotic diseases has increased the demand for effective diagnostic solutions, which is expected to drive global market growth. Moreover, technological advancements in X-ray diagnostics are further expected to boost adoption. For instance, in September 2022, SK Telecom from Korea launched an AI based diagnosis assistance X-ray service called X Caliber, capable of delivering quick analysis to the veterinarian.

Order your copy of the Free Sample of “Veterinary Imaging Instrument Industry Data Book – Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

The emergence of covid-19 had an impact on the entire healthcare sector, including veterinary medicine. The covid-19 was found to have slightly halted the growth of the market since several non-essential surgeries are restricted across the globe during the pandemic. Furthermore, strict restrictions on the transportation of individuals and goods led to a restricted patient influx in veterinary centers. Similarly, the shortage of skilled veterinarians, combined with suspended/postponed elective surgeries, significantly disrupted the activities of veterinary facilities, having a slightly negative impact on market providers.

Moreover, the pandemic has risen pet ownership in some countries, resulting in even more animal care delivery, which had increased the demand for veterinary diagnostic testing. For instance, the American Society for the Prevention of Cruelty to Animals (ASPCA) reported in May 2021 that one out of each five families had adopted a cat or dog since the early stages of the COVID-19 pandemic. Adoptions like these during the pandemic brought more attention to companion animal diagnosis and treatment. As a result, it is expected that it will boost the demand for the market during the forecast period.

Go through the table of content of Veterinary Imaging Instrument Industry Data Book to get a better understanding of the Coverage & Scope of the study

Veterinary MRI Market Insights

The global veterinary MRI market size was valued at USD 205.93 million in 2022 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 7.38% from 2023 to 2030. The growth is primarily driven by the increasing pet humanization, technological advancements, initiatives by key companies, and the adoption of pet insurance. For instance, Time Medical Systems based in Hong Kong, offers 4 magnetic resonance imaging (MRI) scanners in the veterinary space namely, Panion Premie, Panion Pro, Panion, and Panion+. Panion for example is a dedicated open veterinary MRI machine that provides affordable diagnostic MR scans for pets.

The COVID-19 pandemic significantly impacted the market with supply chain challenges and dampened demand. However, it also led to increased awareness regarding animal health, an increase in vet visits, and concerns over zoonoses. The overall impact on the market was thus neutral and the sale of veterinary MRIs is anticipated to continue rising in the coming years. In March 2022 Hallmarq Veterinary Imaging, for instance, reported a key milestone of completing 300,000 animal scans using its MRI and CT machines.

Technological advancements are a key driver contributing to market growth. Companies are involved in the R&D of products, product launches, and upgrades to overcome challenges and increase their market share. For example, in November 2022, Hallmarq Veterinary Imaging launched a zero-helium small animal MRI machine in response to the shortage of helium supply, soaring helium prices, and enhanced sustainability. The new machine does not require helium or any additional power to cool the MRI magnet coils. It instead uses vacuum technology and a conduction-based cooling system.

Competitive Landscape

Key players operating in the veterinary imaging instrument market are IDEXX Laboratories, Inc.; Canon Medical Systems Corporation; FUJIFILM Holdings America Corporation, Samsung, Heska Corporation, and Butterfly Network, Inc. Some of the major private participants in the market are Carestream Health; Midmark Corporation; ESAOTE SPA, and SOUND. These players incorporate various strategic initiatives, such as partnerships, sales & marketing activities, mergers & acquisitions, service expansion, integrated offerings, and product launches, to strengthen their market presence.

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About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Emerging Trends and Opportunities in the Customer Relationship Management (CRM) Sector from 2023 to 2030

Customer Relationship Management Industry | Forecast 2030

Grand View Research’s customer relationship management industry databook 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, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Customer relationship management solutions are gaining widespread popularity in diverse industries. As businesses become more customer-centric, the CRM market is expected to witness rapid growth over the forecast period. Ongoing trends such as hyper-personalization of customer service, use of AI and automation, and various customer value models are the key attributes propelling the growth of the segment.

Access the Global Customer Relationship Management Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, implementing robust social media customer service can help reduce costs, increase response times, improve customer satisfaction, and increase the adoption of CRM platforms across industries. The adoption of CRM software is currently gaining traction in various industries owing to the changing nature of the software in terms of functionalities and features. CRM suites also enable enterprises to gauge business performance and track the sales trajectory, which is turning out to be a lucrative feature for businesses. Salesforce.com’s rapid growth in recent years indicates that cross-sales to existing customers with an installed base for add-ons and upgrades are also contributing to the growth of the market.

Customer Experience Management Market Insights

The global customer experience management market size was valued at USD 12.04 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2023 to 2030. Customer experience management, often called CEM or CXM. The customer experience management software offers businesses a variety of features such as customer feedback management, customer journey mapping, customer analytics and personalized marketing. With customer experience management solutions, companies can better understand their customers, improve the quality of their products and services, and build long-term relationships with customers.

The market growth can be attributed to the mounting importance of understanding customer behavior and their preferences, which drives various brands and organizations to implement customer experience strategies, such as regularly communicating and engaging with customers, developing a long-term programme, and utilizing automation, to provide the best service performance to customers in real-time. The COVID-19 pandemic is likely to influence businesses significantly, suppressing profitability, stifling innovation, and drying up cash flows and financial reserves. The increasing use of digital technology tools is likely to set the pace for digital transformation and digital optimization in both existing and new businesses. These developments are expected to increase the use of cloud technology and work collaboration tools, thereby assisting customer experience management industry growth.

Order your copy of the Free Sample of “Customer Relationship Management Industry Data Book – Customer Experience Management, Customer Self-service Software, Digital Experience Platform, Sales force Automation Software, Sales Training Software, Marketing Automation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Customer Self-service Software Market Insights

The global customer self-service software market size was valued at USD 7.12 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 22.1% from 2020 to 2027. The strong emphasis organizations are putting on delivering instant information as part of the efforts to increase productivity and operating efficiency is anticipated to drive the growth of the market. The eminent need to develop better relationships with customers and enhance the level of customer experience to retain the existing customers and attract new ones is also expected to contribute to the growth. The growing demand from customers for efficient services through multiple touchpoints, such as smartphones and the internet, is particularly expected to prompt enterprises to adopt self-service portals.

Digital Experience Platform Market Insights

The global digital experience platform market size was valued at USD 11.17 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. The continued integration of the latest technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), and Machine Learning (ML), into digital experience platform (DXP) solutions, is expected to play a niche role in driving the growth of the DXP market during the forecast period. Digital transformation has gained significant traction in the wake of the outbreak of the COVID-19 pandemic. Several businesses are adopting DXP solutions to ensure business coherence and process optimization. Looking forward, DXP solutions would help teams in learning to collaborate, thereby opening new opportunities for the growth of the digital experience platform market over the forecast period.

Sales Force Automation Software Market Insights

The global sales force automation software market was valued at USD 9.25 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. The rapidly evolving business landscape, utilizing innovative technologies, has become a strategic requirement for firms seeking to continue being competitive and relevant. The expansion of the market can be attributed to a combination of factors such as data-driven decision-making, adoption of remote work patterns, and reduced operational cost that collectively promotes its adoption, resulting in greater operational efficiency, improved customer interactions, and competitive advantage.

Go through the table of content of Customer Relationship Management Industry Data Book to get a better understanding of the Coverage & Scope of the study

Sales Training Software Market Insights

The global sales training software market size was valued at USD 1.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.0% from 2022 to 2030. The industry growth can be attributed to the rising corporate competition and changing business needs. Small- & Medium-scale Enterprises (SMEs) & large-scale companies are regularly investing in the training of their sales and other teams. Furthermore, the rising adoption of Customer Relationship Management (CRM) software, which provides sales enablement tools to facilitate efficient collaboration with other sales representatives, is creating robust growth opportunities. The COVID-19 pandemic adversely impacted the industry in the first three quarters of 2020.

Marketing Automation Market Insights

The global marketing automation market size was valued at USD 4.06 billion in 2019 and is expected to witness a CAGR of 9.8% from 2020 to 2027. Owing to the digitalization of industries, rising internet penetration, and the use of mobile devices, the demand for automating marketing solutions has been increasing rapidly. Increasing demand for personalized advertising, retention of users for business growth, and the need for informed advertising strategy are some of the major factors expected to drive the growth. Moreover, the rise in the adoption of IoT devices, an increase in big data, and data analytics solutions, and demand for business automation, and insights will propel the market growth.

Competitive Landscape

The market is competitive with the presence of major Adobe Inc., IBM Corporation, Salesforce.com, Inc., Sitecore among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Strategic Insights into Corn Starch Procurement: Market Overview and Trends

Corn Starch Category Overview

This corn starch category is anticipated to grow at a CAGR of 6.60% from 2023 to 2030. North America is the leading market in this category primarily because of its large consumption of processed and convenient food products which is driven by a growing population and higher disposable incomes. In the Asia-Pacific region, rapid economic expansion and changing consumer lifestyles contribute to the fastest CAGR with China leading the market and India showing the highest growth rate in this category.

The category’s growth is driven by its utilization as a thickening agent in the food industry, usage in garments, cosmetics, and pharmaceuticals, and the increasing demand for bioplastics. It finds extensive adoption in the paper, textiles, and adhesives industries and demand for clean-label starch in the food sector.

Order your copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with the presence of both global and regional players. Key players in the market employ strategies like acquisitions and new product development to consolidate their positions and optimize their offerings, with a strong emphasis on expanding manufacturing capacity and diversifying product lines. This enables them to meet growing market demand while simultaneously expanding their global presence.

In May 2022, ADM a leading company in starch manufacturing has strategically invested in expanding its facility in Marshall, MN aiming to meet the increasing demand for starch products and solidify its market position. This move enables ADM to better serve its customers and enhance its competitive advantage in the starch industry.

DFE Pharma, a leading provider of excipients for the pharmaceutical and nutraceutical industries, bolstered its nutraceutical portfolio in January 2022 with the introduction of three new starch-based excipients. The newly launched products include Nutroféli ST100, which is a native maize starch, Nutroféli ST200, a partially pre-gelatinized maize starch, and Nutroféli ST300, a fully gelatinized maize starch. This strategic product expansion enables DFE Pharma to offer a wider range of starch-based excipients to its customers, enhancing its competitiveness and addressing the evolving needs of the nutraceutical industry.

The emergence of biodegradable corn starch plastic granules is a promising technological advancement providing a sustainable and renewable alternative to non-degradable plastics. These innovative granules derived from this category offer similar properties to traditional plastics while being environmentally degradable. Furthermore, new technology has been introduced for the extraction of this category which has revolutionized the production process. By leveraging advanced enzymatic methods, this cutting-edge technology enhances efficiency and sustainability which in turn results in increased productivity and reduced energy consumption. As a result, this category production landscape is set to undergo a transformative change propelled by this technological breakthrough.

Request for Sample Copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Corn Starch Procurement Intelligence Report scope

The Corn Starch category is expected to have pricing growth outlook of 2% – 4% (annual) from 2023 to 2030, with below pricing models.

Cost-based or Market-based Pricing
Dynamic Pricing
Contract Pricing

Supplier Selection Scope

Cost and pricing
Past engagements
Productivity
Geographical presence

Supplier selection criteria

Quality Assurance
Supply Capacity and Reliability
Traceability and Transparency
Cost Competitiveness
Financial Stability

Medical Writing Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2023 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions

Corn Starch Procurement Cost and Supplier Intelligence

The price and cost of this category are influenced by supply, demand, production costs, competition, and customer preferences. The primary cost driver is raw materials with corn and enzymes contributing to over 70% of overall costs. Other significant cost components include corn handling, storage, steeping, germ separation, fiber separation, gluten separation, and starch washing. Approximately 55% of the total corn mass is converted into corn starch, emphasizing the importance of raw material expenses and production steps in determining the cost structure.

While sourcing for this category, it is crucial to adhere to the best practices like ensuring quality, sustainability, and compliance with food rules and regulations. Key practices include thorough supplier verification, traceability, compliance with food regulations, sustainability considerations, quality control, and fostering continuous improvement. Businesses should verify supplier certifications, such as ISO 22000 or HACCP, and prioritize transparency and traceability. Compliance with reputable regulatory bodies like the FDA or EFSA is essential. Sustainability should be promoted through responsible sourcing and environmental practices. Open communication with suppliers facilitates collaboration and continuous enhancement of sourcing practices. These practices considering food rules and regulations ensure high-quality, safe, and sustainability for this category.

Key companies profiled:

Roquette Frères S.A, Archer Daniels Midland Company (ADM), Cargill Inc., Hodgson Mill, Associated British Foods plc, Beteiligungs AG, Tate & Lyle PLC, Ingredion Incorporated, ACH Food Companies, Global Bio-Chem Technology Group.

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions