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Growing Demand Drives Personal Protective Equipment Industry Towards Success in 2023-2030

Personal Protective Equipment Industry | Forecast 2030

Grand View Research’s personal protective equipment industry databook 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 report and summary presentations on individual areas of research.

The economic value generated by the personal protective equipment market was estimated at approximately USD 91.55 billion in 2021. Increasing awareness towards employee health and safety coupled with rising industrial fatalities in emerging economies due to lack of protective gear is expected to drive market growth over the forecast period.

Access the Global Personal Protective Equipment 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

Occupational safety regulations play a major role in driving the personal protective equipment (PPE) market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.

Hand Protection Equipment Market Insights

The global hand protection equipment market size was estimated at USD 29.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. The rising demand is attributed to the increasing concerns about hand hygiene and the product’s efficiency in limiting the spread of COVID-19 in various end-use industries. The onset of the second wave of COVID-19 led to the shortage of hand protection equipment in hospitals and other sectors, such as manufacturing and construction. Various manufacturers started expanding their production at the end of 2020, thereby eliminating the demand-supply gap.

Economies that have been hit hard by the COVID-19 pandemic, such as the United States, have implemented specific regulations like the Defense Production Act (DPA), which provides local enterprises the duty of manufacturing hand protective equipment for healthcare professionals. Strict government regulations regarding the health and safety of doctors, nurses, and working professionals, coupled with a rise in COVID-19 cases, have prompted workers to use these products for protection against any kind of health hazards and healthcare-associated infections. Several government authorities, such as the Centers for Disease Control and Prevention, issued guidelines regarding the use of sterile barrier precautions, such as the use of hand protection equipment.

Order your copy of the Free Sample of “Personal Protective Equipment Industry Data Book – Hand Protection Equipment, Fall Protection and Respiratory Protection Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Fall Protection Market Insights

The global fall protection market size was estimated at USD 2.9 billion in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030. The growth of the market can be attributed to the surge in awareness regarding workplace safety, presence of stringent workplace safety regulations, and increase in emphasis on employee wellbeing. Industries such as construction, manufacturing, and oil & gas have been pivotal in fueling the demand for different fall protection systems globally.

Moreover, the dynamic nature of the market is characterized by the necessity for continuous innovations and strict adherence to evolving regulatory mandates. Notably, pivotal standards in the market are delineated by both, American National Standards Institute (ANSI) and The Occupational Safety and Health Administration (OSHA). Specifically, fall protection systems in roofing operations must be developed in alignment with the specifications of ANSI Z359.16, as well as OSHA 1910.140 and 1926.502.

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

Industrial Protective Clothing Market Insights

The global industrial protective clothing market size was valued at USD 18.35 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.Rising awareness regarding the importance of preventing work-related fatal accidents is likely to propel market growth. Governments globally have made the wearing of industrial protective clothing essential in order to limit infection risks. Owing to the COVID-19 pandemic, healthcare professionals prefer industrial protective clothing to safeguard their health, thus driving their demand. Increased onshore and offshore drilling operations, as well as increased shale gas production in the U.S., are factors expected to boost industrial protective clothing demand to protect personnel from workplace hazards.

Improvements in government initiatives to make the U.S. more energy-independent are expected to increase local shale output even further. The U.S. is one of the world’s largest producers of chemicals and pharmaceuticals. Furthermore, the country has a large workforce involved in oil and gas activities, which necessitates the use of high-quality protective apparel. The existence of regulating organizations such as the Occupational Safety and Health Administration (OSHA) along with severe labor rules is expected to boost market expansion in the country.

Competitive Insights

Major players in the personal protective equipment market include 3M, Honeywell International, Lakeland Industries Inc., DuPont, Uvex safety, Mine Safety Appliances (MSA) Company, Kimberly-Clark Corporation, Radians, and Gateway Safety, Inc. The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market.

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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.

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New Report Highlights Agrochemical Procurement Trends and Strategies for 2023-2030

Agrochemicals Category Overview

The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030. Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world’s population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth.

Agrochemicals harm the ecology when utilized in higher doses, which causes surface water pollution. As a result, the production of bio-based fertilizers and pesticides has created numerous new market opportunities for major agrochemical category participants. In an effort to boost their reputations and win over clients who are concerned about sustainability, Corteva, and BASF are making bio-based fertilizers. As the market for bio-based fertilizers expands globally, manufacturers are in a good position to profit from it and increase their market share. Marrone Bio Innovations is one of the leading player in the global bio-pesticides market. The company’s net sales increased by 45% driven by strong demand for bio-based pest management.

Order your copy of the Agrochemicals 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

The individual requirements of the client will determine whether agrochemicals can be used in the procurement process. The sorts of crops grown in the location, the soil conditions, and the pests and diseases common there are some variables that may affect the choice to purchase agrochemicals.

This category makes use of cutting-edge technologies like biotechnology and precision farming. Corteva is utilizing biotechnology to create genetically engineered crops that are less dependent on chemical pesticides and more resistant to pests. By monitoring data on soil, weather, and other factors to identify the best time for planting and harvesting crops, BASF uses precision technology to maximize agricultural yield. After applying precision farming, the average production grew by 8%, the cost of inputs was reduced by up to 20%, and the sale level increased by 7%.

Agrochemicals Procurement Intelligence Report Scope

The Agrochemicals category is expected to have pricing growth outlook of 11% – 13% (annual) from 2023 to 2030, with below pricing models.

Cost-plus pricing model
market-based pricing methods

Supplier Selection Scope of Report

Cost and pricing
Past engagements
Productivity
Geographical presence

Supplier selection criteria of Report

Ability to maintain the agricultural ecosystem
treatment (fungicide, growth regulators)
active ingredients (natural, bio stimulants)
formulation
precision farming
biotechnology
technical specifications
operational capabilities
regulatory standards and mandates
category innovations
others

Agrochemicals 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

Agrochemicals Procurement Cost and Supplier Intelligence

Typically, businesses use cost-plus or market-based pricing methods. In the cost-plus pricing model, prices are set using the cost of production plus a markup to account for profit and overhead. The market-based pricing model, on the other hand, bases price determination on supply and demand factors. When the market is favourable, this method enables businesses to increase their profit margin while still keeping them competitive in unfavourable situations.

The total cost of manufacturing includes the price of labor, raw materials, and other costs. Raw materials such as phosphoric acid, nitrogen, and potassium are used in this category. In North America, the price of phosphoric acid fell from USD 1290/MT to 1190/MT in the first quarter of 2023. Price also declined in the Asia-Pacific region from USD 1495/MT to USD 1335/MT in the first quarter of 2023. The price of nitrogen was estimated to be around USD 785/MT in 2022 in North America. At the end of 2022, the price of nitrogen in the Indian market was USD 188/MT.

China exports of pesticides currently make up about 30% of the global market, with a 10% increase and USD 11.5 billion in value. India is the world’s second-largest exporter, with USD 5.7 billion in exports. The nation has a sizable manufacturing sector and is renowned for creating goods of excellent quality at low costs.

The agrochemicals category is highly fragmented and competitive since it is made up of so many small and medium-sized businesses. A persistent desire for innovation and cost-cutting has resulted in fierce rivalry. Additionally, this industry is heavily regulated, which makes it difficult for new businesses to enter. As a result, larger businesses are acquiring niche or regional players to gain access to new markets and goods. Farmers and other agrochemical users have benefited from the wide variety of products made possible by the market’s fragmentation.

List of Key Suppliers

BASF
Corteva
Bayer
FMC
UPL
Syngenta
Adama Agricultural Solution
Nufarm
PI Industries

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

Driving Efficiency: Insights into the Positive Displacement Pumps Industry 2023-2030

Positive Displacement Pumps Industry Data Book | Forecast 2030

The economic value generated by the positive displacement pump industry was estimated at approximately USD 18.35 billion in 2022. The demand from various industries such as oil & gas, chemicals, pharmaceuticals, and water treatment is driving this market’s growth. Positive displacement pumps, known for their precision and ability to handle a wide range of fluids, were increasingly adopted for critical applications where accuracy and reliability were paramount. Technological advancements, including the integration of smart and energy-efficient features, were enhancing the overall outlook of the sector. However, the specific outlook can be influenced by economic conditions, technological developments, and industry trends, so it is advisable to check more recent sources for the latest information.

Access the Global Positive Displacement Pumps 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

Positive displacement pumps transfer the fluid mechanically by repeatedly enclosing a fixed volume with the help of seals or valves. The pump’s action is cyclic, which is driven by screws, lobes, diaphragms, vanes, or gears. These are preferred in the oil & gas industry mainly because of the limitations of the centrifugal pumps. Positive displacement pumps work at lower speeds which makes them less prone to damages caused by high viscosity oils and slurries. These are used when applications require accurate dosing. The industry is further segmented into reciprocating and rotary pumps.

The rise of Industrial IoT is poised to transform the manufacturing environment by developing a digitally connected ecosystem. End-users across multiple industry verticals are eager to invest in IoT technologies that enable them to make their assets smarter and more intuitive in the current context, with increased demand to control operating expenditure and improve production efficiency. This trend is influencing the positive displacement pumps industry, where several leading and niche manufacturers are actively investigating IoT-based solutions to integrate intelligence into their product offerings.

The integration of IoT in positive displacement pumps has revolutionized the industrial landscape by enhancing efficiency, predictive maintenance, and overall performance. IoT-enabled pumps gather real-time data, allowing for continuous monitoring of the key parameters such as pressure, temperature, and flow rates. This data is then analyzed to predict potential issues, enabling proactive maintenance to prevent downtime. Additionally, IoT facilitates remote monitoring and control, optimizing operations and reducing the need for on-site interventions. The connectivity and data-driven insights provided by IoT, empower businesses to make informed decisions, improve energy efficiency, and extend the lifespan of positive displacement pumps, thereby positively impacting the market through increased reliability and cost-effectiveness.

Order your copy of the Free Sample of “Positive Displacement Pumps Industry Data Book – Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Rotary Pumps Market Report Highlights

The gear pump segment accounted for the largest share of 34.3% in 2023 owing to the characteristics of the pump that involve meshing of gears to generate pressure difference so that transfer of fluids can be done from one point to another

The oil & gas segment accounted for the largest revenue share of 27.3% in 2023 as rotary pumps are effectively used in the oil & gas industry for tasks, such as moving crude oil from wellheads to storage tanks, facilitating transfers between storage tanks, and handling the loading & unloading processes involving tankers and pipelines

Asia Pacific accounted for the largest share of 40.4% in 2023 due to growth in the agriculture and chemical & food processing industries. Furthermore, increased government expenditure in the water treatment and construction sector is expected to drive market growth

Middle East & Africa accounted for the second-largest CAGR of 5.1% from 2024 to 2030 owing to the rising oil production in the well-developed oil & gas industry

Atlas Copco AB expanded its product mix for rotary pumps by introducing new dry rotary vane vacuum pumps under its DVS Series in May 2023. This new product has product attributes, such as oil-free, low noise creation, and non-contamination of process, and is likely to reinforce the company’s position in the rotary vane pump segment

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

Reciprocating Pumps Market Report Highlights

Based on type, the diaphragm pump segment held the largest revenue share of 57.6% in 2023. A diaphragm pump employs a diaphragm composed of flexible materials such as rubber or plastics to convey fluids instead of rod & piston assembly

In terms of end-use, the oil & gas segment held the largest revenue share of 24.2% in 2023. Reciprocating pumps are effectively employed in the oil and gas industry for tasks such as upstream exploration and production (ExoPE) of hydrocarbons

The Asia Pacific region held the largest revenue share of 40.1% in 2023 due to growth in agriculture, chemical & food processing industries. Furthermore, increased government expenditure in water treatment and construction sector is expected to drive the market growth

The Middle East and Africa region is anticipated to grow at the second fastest CAGR of 5.6% over the forecast period, owing to the rising oil production in the well-developed oil & gas industry

In August 2023, LEWA GmbH launched new pump sizes for diaphragm metering pumps, which are designed to cater to the needs of the chemical industry, food industry, and oil & gas industry. These new pump sizes can handle flow rates up to 1000 l/h

Competitive Insights

Major market players include Ingersoll Rand SPX Flow; Alfa Laval; Viking Pump, Inc.; Grundfos; Schlumberger Limited; KSB Group; and Sulzer Ltd. Positive displacement pump manufacturers adopt strategies such as mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to gain greater market presence and cater to the ever-changing consumer requirements.

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Email: sales@grandviewresearch.com

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Unlocking the Potential: Growth Projections for the Smart Bathroom Industry 2023-2030

Smart Bathroom Industry Data Book | Forecast 2030

The growing interest among consumers in home automation and the incorporation of smart devices is a significant driver for the growth of the smart bathroom market. Consumers are actively seeking innovative and user-friendly solutions that can enhance their bathroom experiences.

The advancement in technology, notably in the field of the Internet of Things (IoT), Artificial Intelligence (AI), and voice recognition have led to the integration of various smart features into bathroom fixtures and accessories. The development of features like automated temperature regulation, voice-activated lighting, and smart showers, have enticed consumers to consider upgrading their conventional bathrooms.

Access the Global Smart Bathroom 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

The growth of smart bathroom solutions is propelled by fast-paced urbanization and ongoing infrastructure development in numerous regions. This progress encourages the widespread adoption of smart technologies in commercial buildings, hotels, and public restrooms. By seamlessly integrating these innovations, such spaces benefit from elevated functionality, improved hygiene standards, and enhanced efficiency.

Smart Toilet Market Market Report Highlights

The residential application segment is expected to expand at the fastest CAGR of 10.7% from 2019 to 2025 as a result of increasing number of smart homes in the urban cities of key markets including U.S. and China

The offline segment generated a revenue of USD 5.3 billion in 2018. Online channel is the fastest growing segment with a CAGR of 10.8% from 2019 to 2025 due to its doorstep delivery services

Europe was the largest regional market with a revenue of USD 2.4 billion in 2018

New product launch is expected to remain a key strategy among the market participants over the next few years.

Order your copy of the Free Sample of “Smart Bathroom Industry Data Book – Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Electronic Soap Dispensers Market Report Highlights

North America held or the largest electronic soap dispensers market share of more than 35% in 2018

Asia Pacific is expected expand at the fastest CAGR of 9.2% from 2019 to 2025

Commercial application segment held the leading market share of 50.9% in 2018

Plastic held the largest market share of 69.2% in the raw material segment in 2018

Smart Faucets Market Report Highlights

North America was the largest smart faucets market, accounting for a share of more than 30.0% in 2018 owing to increasing smart homes and growing hospitality sector

The commercial application segment accounted for exceeding 60.0% share of the global revenue in 2018. Positive outlook towards global hospitality sector is expected to open new avenues

Brick and mortar was the largest distribution channel with a share of more than 70.0% in 2018

Key players include LIXIL Group Corporation, CERA Sanitaryware Limited, Roca Sanitario, S.A., Kohler Co., TOTO LTD., Masco Corporation, Villeroy & Boch, Hansgrohe, and DELTA FAUCET COMPANY

Product innovation is expected to remain a critical success factor among the industry participants.

Smart Shower Market Report Highlights

The residential/domestic dominated the global market with the highest revenue share in 2022.

This growth is due to the growing number of remodeling activities undertaken by new and old homeowners to elevate their experience and personalize their homes.

North America led the global market with the highest revenue share owing to an increasing number of commercial buildings in the region.

The rising growth rate of the remodeling industry across North America indicates a surge in residential home furnishing and fittings, which is expected to impact the smart shower market’s growth positively.

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

Smart Mirror Market Report Highlights

Europe is expected to expand with a considerable CAGR over the forecast period from 2023 to 2030. In Europe, consumers place a high value on design and aesthetics in home decor, which drives the preference for products like smart mirrors

The free-standing segment is estimated to expand with substantial CAGR over the forecast period. The flexibility in placement of these mirrors is a key driving factor behind the increasing popularity and growth of free-standing smart mirrors

The commercial segment is anticipated to expand with a faster CAGR over the forecast period. Use of smart mirrors in commercial spaces enhances customer convenience, reduces return rates, and boosts sales owing to which their adoption is increasing in commercial spaces thus surging the market growth

The online sales channel is expected to expand with a higher CAGR over the forecast period. Online distribution channels offer various conveniences for shopping owing to which its use is increasing among consumers thus surging the segment’s growth

Bathtub Market Report Highlights

Based on the type, the alcove bathtubs segment dominated the market with a 37.54% revenue share in 2023, owing to growing demand from residential sector. The alcove bathtubs are majorly preferred among consumers who have limited bathroom space

Based on the material, the acrylic segment dominated the market in 2023 with the largest revenue share of 40.18%. Acrylic can be attributed to their resilience, simple maintenance requirements, and adaptability in design, making them a favored choice among consumers

Based on the end-user, the commercial bathtub segment is expected to grow at the fastest CAGR over the forecast period due to the rising number of hotels, and well centers across regions that have been significantly contributing to the demand for various commercial bathtub products

Europe is projected to emerge as a lucrative region for global market. This can be attributed to the growing trend of home renovation and remodeling projects has also contributed to the region’s market growth

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Investment Opportunities in the Active Pharmaceutical Ingredients and High Potency API Industry: 2023-2030

Active Pharmaceutical Ingredients and High Potency API Industry | Forecast 2030

Grand View Research’s API and High Potency API industry databook is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in two reports and one sector report overview.

The global API and HPAPI markets combine to account for USD 233.31 billion revenue in 2021, which is expected to reach USD 393.65 billion by 2030, growing at a cumulative rate of 6.0% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Access the Global Active Pharmaceutical Ingredients and High Potency API 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

Active Pharmaceutical Ingredients Market Growth & Trends

The global active pharmaceutical ingredients market size is expected to reach USD 352.98 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.75% from 2024 to 2030. The market is driven by the growth of the biopharmaceutical sector, advancements in active pharmaceutical Ingredients (API) manufacturing, and an increase in the geriatric population.

The growth of the captive API segment is propelled by companies investing in solving challenges and developing new chemical ways for the production of APIs in-house. This aids in reducing costs and the risk of contamination. Artificial intelligence and protein synthesis are expected to facilitate faster development with greater control over the process.

The rising prevalence of chronic and lifestyle-based conditions, such as cardiovascular diseases, is accelerating the demand for API. For instance, as per U.S. Pharmacist in 2020, 47% of adults have at least one risk factor that supports cardiovascular disease development. Cardiovascular diseases are one of the global, critical public health burdens driving extensive R&D for APIs in the field.

Order your copy of the Free Sample of “Active Pharmaceutical Ingredients and High Potency API Industry Data Book – Active Pharmaceutical Ingredients and High Potency Active Pharmaceutical Ingredients Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

High Potency Active Pharmaceutical Ingredients Market Growth & Trends

The global high potency active pharmaceutical ingredients market size is expected to reach USD 40.66 billion by 2030 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the HPAPI market is attributed to rising incidence of cancer, growing targeted therapies, and increasing application of high potency active pharmaceutical ingredients (HPAPI) in treating target diseases. Rising prevalence of cancer is expected to be a major factor. According to the WHO, cancer is the second leading cause of death, accounting for around 9.9 million deaths in 2020. Due to the growing number of people who contract the disease, cancer is regarded as one of the major health risks. The CDC states that factors such as smoking, obesity, alcohol use, and UV radiation exposure are risk factors for cancer since they contribute to the overall burden of the illness.

With limited treatment options and side effects associated with chemotherapy, there is a rising popularity of targeted therapy as it does not damage non-cancerous cells. In May 2021, Amgen, Inc. received the U.S. FDA approval for the launch of LUMAKRAS for treating patients with KRAS G12C-mutated locally advanced or metastatic NSCLC. LUMAKRAS is the first targeted product for the treatment of G12C-mutated KRAS NSCLC patients. This is likely to increase the demand for HPAPIs in the coming years. Characteristics of these anti-cancerous drugs, such as minimum exposure of drugs to non-cancerous cell and their effectiveness, are contributing to market growth.

Go through the table of content of Active Pharmaceutical Ingredients and High Potency API Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Competitive rivalry in this market is likely to be high due to increasing interest in small molecules and biologics for the treatment of chronic diseases is attracting industry players. These players have adopted strategies such as acquisitions, collaborations, and expansion of manufacturing units to strengthen their position in the market. Development of targeted therapies over the forecast period is expected to further intensify the competitive rivalry in the market. As part of strategic geographical expansion, many companies are setting up manufacturing plants in Asia Pacific region. In addition, increasing number of companies switch to contract manufacturers for APIs, which is further increasing competitive rivalry.

Some of the key players in the API and High Potency API market are Teva Pharmaceutical Industries Ltd., AbbVie, Inc., BASF SE, Boehringer Ingelheim International GmbH, CordenPharma, Merck & Co., Inc., Dr. Reddy’s Laboratories Ltd., Cipla, Inc., Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Sanofi, Pfizer, Inc., Viatris Inc., Albemarle Corporation, and Aurobindo Pharma.

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Unveiling the Growth Potential of Single-use Biomanufacturing in the Pharmaceutical Market 2022 – 2030

Single-use Biomanufacturing Industry | Forecast 2030

Single-use biomanufacturing industry data book is a combination of the market data from four reports namely, single-use bioprocessing, single-use bioreactor, single-use assemblies, and single-use filtration assemblies market. Single use bioprocessing market was valued at USD 19.36 billion in 2021 with a CAGR of 16.6% during 2022-2030. Single-use bioreactor market and Single-use assemblies market are also growing at a CAGR of 17.6% and 18.57% respectively.

Due to several advantages offered by these products over traditional manufacturing components, the adoption and usage of single-use products in industrial manufacturing and processing is growing exponentially. These products are being used in the manufacturing of the end products such as monoclonal antibodies, vaccines, stem cells, genetically modified cells, and other molecules. The combination bundle of these reports is designed to provide a holistic view of these highly dynamic market spaces.

Access the Global Single-use biomanufacturing Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Single-use Bioprocessing Market Insights

The global single-use bioprocessing market was valued at USD 27.94 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 16.24% from 2024 to 2030. The adoption of single-use bioprocessing technology is driven by the growing demand for biopharmaceuticals over the past few years, along with an increase in investments for the development of biologics, such as monoclonal antibodies, vaccines, recombinant proteins, and others. Furthermore, benefits pertaining to the use of single-use technology, such as significant reduction in costs and time required for operations & facility construction have supported the implementation of single-use systems in the bioprocessing sector.

Single-use Bioreactors Market Insights

The global single-use bioreactors market size was valued at USD 3,304.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.19% from 2023 to 2030. Single-use systems are emerging as an important technology for pharmaceutical and mammalian cell culture applications. They are particularly well suited for biopharmaceutical production, where prevailing market trends call for quick, easy, and flexible deployment.

Order your copy of the Free Sample of “Single-use Biomanufacturing Industry Data Book – Single-Use Bioprocessing, Bioreactor, Assemblies & Filtration Assemblies Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 – 2030, published by Grand View Research

Single-use Assemblies Market Insights

The global single-use assemblies market size was valued at USD 12.11 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 18.63% from 2024 to 2030. Single-use (SU) assemblies are preassembled plastic fluid paths and self-contained products. They are built with a combination of various standard components and are usually ready-to-use and gamma-irradiated to ensure sterility. Broadly used industrial products include sampling bottles, filters, tubings, check valves, clamps, sterile connectors, fittings, and seals. The growing biologics market, continuous technological innovations in bioprocessing, increasing biopharmaceutical R&D, and widespread adoption of single-use assemblies by various CMOs are expected to boost the industry growth during the forecast period.

Single-use Filtration Assemblies Market Insights

The global single-use filtration assemblies market size was valued at USD 2,989.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.70% from 2023 to 2030. The market has seen a surge in popularity as a result of their ability to provide a contamination-free solution to traditional stainless steel systems. These filtration assemblies are made using reinforced hose and welding applications, which eliminates the need for associated validation protocols and sterilization steps. Many biopharmaceutical companies are opting for single-use filtration assemblies for final and bulk fill operations due to the increased importance of maintaining sterile conditions. This has been driven by a growing demand for biopharmaceuticals, low risk of cross-contamination, faster implementation, and an increase in life sciences research and development activities.

Go through the table of content of Single-use Biomanufacturing Industry Data Book to get a better understanding of the Coverage & Scope of the study

Single-use Biomanufacturing Industry Segmentation

Single-use Biomanufacturing Industry, By Product

• Simple & Peripheral Elements

• Apparatus & Plants

• Work Equipment

Single-use Biomanufacturing Industry, By Workflow

• Upstream Bioprocessing

• Fermentation

• Downstream Bioprocessing

Single-use Biomanufacturing Industry, By End-use

• Biopharmaceutical Manufacturers

• Academic & Clinical Research Institutes

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The Future of the White Spirits Market: 2023-2030 Analysis

White Spirits Industry | Forecast 2030

White Spirits Industry Data Book – Vodka, Rum and Gin Market

Grand View Research’s white spirits industry data book 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.

Increasing urbanization in emerging countries such as China and India as well as new product launches in the category are the key growth driving factors in the market. Moreover, rising social acceptance of alcohol consumption has spurred the consumption of spirits in a social environment.

Consumer inclination toward premiumization has facilitated producers with increased margins and revenue growth. The shift toward premium products is supported by the increasing popularity of cocktail culture besides effective marketing efforts by companies.

Prominent players focus on innovative ingredients. For instance, in November 2022, Radico Khaitan launched the Jaisalmer Gold Gin, the second gin in their Jaisalmer range. This gin is crafted in the Himalayas and infused with a blend of 18 botanicals, with 14 of them thoughtfully sourced from various regions of India. It has an alcohol by volume (ABV) of 43% and is available for purchase at select retailers, offering a 500ml bottle for £39.

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Vodka Market Insights

The global vodka market size was valued at USD 25.98 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The rising demand for vodka can be attributed to the growing consumption of premium vodka-based cocktails in developed economies such as the U.S. and Germany. The growing demand for vodka flavors such as cranberry, lime, and raspberry is augmenting growth. Moreover, offline trading of alcoholic beverages is further anticipated to boost market growth over the forecast period. The growing acceptance of grain-based vodkas with a delicious fruity taste is the major factor driving market growth.

Moreover, a rise in demand for natural and authentic flavors has been observed. The influence of social media and blogging sites is further supporting the growth of the global vodka market. Consumers are now more active on social networking platforms and aware of a variety of flavored vodkas and cocktails. For instance, Tito’s Vodka is marketed as “handcrafted vodka” on the company’s social media account. Likewise, there are many blog posts on the internet that discuss vodka brands under different categories, such as flavored vodka and organic vodka.

Rum Market Insights

The global rum market size was valued at USD 11.77 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. Factors such as increasing consumer interest and expanding cocktail culture are expected to drive the industry growth globally. Product innovation and diversificationhave attracted new consumers and provided existing consumers with a wider range of options to choose from. Furthermore, there has been a shift in consumer preferences toward spirits with natural and authentic qualities. Rum, as a product with a rich history and often produced from natural ingredients like sugarcane, appeals to consumers seeking authentic and artisanal products.

The growing curiosity and interest among millennial consumers in the authenticity and quality of alcoholic beverages is driving the market. Craft rum, with its smooth flavor, premium quality, and genuine taste, is particularly popular among consumers. It is often produced on a small scale by producers who actively participate in the production process. Artisan producers promote their drinks by emphasizing the country of origin, age, and organic certifications, which attract greater attention from customers. Consumers are increasingly seeking quality drinks with an interesting story, craft credentials, and origin.

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

Table of Contents – Sectoral Outlook Report

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. GVR’s Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

1.3.4. Primary Research

1.4. Information Analysis

1.4.1. Data Analysis Models

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Regional Outlook

Chapter 3. White Spirits Market Variables, Trends & Scope

3.1. Market Lineage Outlook

3.2. Industry Value Chain Analysis

3.2.1. Raw Material Trends

3.2.2. Technology Trends

3.2.3. Regulatory Trends

3.3. Market Dynamics

3.3.1. Market Driver Analysis

3.3.2. Market Restraint Analysis

3.3.3. Industry Challenges

3.3.4. Industry Opportunities

3.4. Industry Analysis – Porter’s Five Forces Analysis

3.5. Market Entry Strategies

List of key companies:

Diageo plc
Rémy Cointreau
Bacardi Limited
Pernod Ricard
Beam Suntory, Inc.
Radico Khaitan
Stock Spirits Group
Hite Jinro Co Ltd
Constellation Brands Inc
MIGUEL TORRES SA
Brown‑Forman
Proximo Spirits, Inc.
Distell Limited
Suntory Beverage and & Food Limited
Alberta Distillers, LTD
William Grant & Sons
San Miguel Food and Beverage, Inc.
DESI DARU LTD
AMBER BEVERAGE GROUP
JACOB RIEGER & CO.

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About Grand View Research

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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 Opportunities in the Flavors & Fragrances Sector: 2023-2030 Forecast

Flavors & Fragrances Industry | Forecast 2030

Flavors & Fragrances Industry Data Book – Natural Flavors & Fragrances and Aroma Chemicals Market

The economic value generated by the flavors & fragrances industry was estimated at approximately USD 23.35 billion in 2021, is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. This economic output is an amalgamation of natural flavors & fragrances such as essential oils & oleoresins as well as aroma chemicals including esters, alcohols, aldehydes, phenols, terpenes, among others.

Natural flavor & fragrance ingredients are expected to grow at a high CAGR on account of growing preference for organic ingredients in the food and personal care sector. Increasing disposable income in developing economies is projected to augment the demand for fragrances used in cosmetics, toiletries, perfumes, and soaps & detergents. Natural fragrances are perceived to be safe, healthier, and therapeutic. Manufacturers engaged in developing natural fragrances often charge a “green premium” on their products.

Natural Flavors And Fragrances Market Insights

The global natural flavors and fragrances market was valued at USD 9.15 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The growth is driven by the growing demand for the product in convenience food and packaged food items. The industry growth was hampered amid the COVID-19 pandemic, as there were several restrictions on the import and export of chemicals coupled with quarantine and lockdown measures acting as some of the key barriers faced by several product manufacturers. The pandemic directly impacted people’s choices, lifestyles, preferences, health, and well-being.

Due to the shortage of labor owing to health concerns, many companies had to shut down their manufacturing units for a long period. Natural fragrances and flavors are derived from natural sources, such as plants and animals. These sources include vegetables, fruits, meat, spices, fish, roots, leaves, and more. It contains rich properties of fruits or vegetables that can be used for various purposes, such as adding flavor to food or instilling fragrance in beverages. Furthermore, natural flavors & fragrances are extensively consumed in the preparation of convenience foods. Food & beverage-producing companies tend to rely on these products owing to their organic nature and less harmful chemical content.

Order your copy of the Free Sample of “Flavors & Fragrances Industry Data Book – Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Essential Oils Market Insights

The global essential oils market size was valued at USD 21.79 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. This is attributable to the increasing demand from major end-use industries such as food & beverage, personal care & cosmetics, and aromatherapy. Essential oils contain complex, volatile chemical compounds, which are known for their antifungal, antibacterial, anti-inflammatory, and antiviral properties. Unlike most conventional medicines and drugs, these oils have no significant side effects. Such factors are projected to be the major driving factor for market growth. Conventional medicines and drugs have pleasant-smelling aroma compounds to create appealing products, mainly for chemicals that emit odors. Essential oils are also steadily replacing most chemicals, drugs, and medicines owing to associated health benefits and decreased risk of side effects.

The rising demand for convenience and ready-to-eat meals, health and wellness foods, and technological advancements are expected to boost food flavors market growth. Rapid industrialization and increasing consumer disposable incomes in emerging economies such as China and India are also projected to foster the global food flavors market over the forecast period.

Aroma Chemicals Market Insights

The global aroma chemicals market size was valued at USD 5.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. The growth is attributed to increased consumption of flavors & fragrance products in the cosmetics & toiletries, soaps & detergents, and food & beverages industries. Aroma chemicals are witnessing an increase in demand owing to the growing application scope in key end-use industries such as dairy, cosmetics & toiletries, soaps & detergents, fine fragrances, convenience foods, bakery foods, and confectionery. Moreover, increasing demand for low calories drinks and growth in the beverages market, are the major factors driving the growth of the industry.

Flavors being a prominent factor in taste in edible products, aroma chemicals are utilized to augment the taste in beverages and processed food. Increasing demand for health and wellness foods, regulation, and the ban on the use of some synthetic flavors are triggering the growth of natural aroma chemicals. The suitability of natural flavors in wider applications, additional health benefits of certain natural flavors, and advanced technological innovation are the key factors driving the market growth.

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

Table of Contents – Sectoral Outlook Report

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. GVR’s Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

Chapter 2. Executive Summary

2.1. Industry Snapshot

2.2. Key Trends – Highlights

Chapter 3. Industry Trend Analysis

3.1. Regulatory Framework & Benchmark

3.2. Value Chain Analysis

3.2.1. Raw Material Outlook

3.2.1.1. Natural versus Synthetic Ingredients

3.2.2. Technological Outlook

3.2.3. Value Addition & Profit Margin Analysis

3.3. Competitive Benchmarking

3.3.1. Manufacturing Ranking & Heat-map Analysis

3.4. Macroenvironmental Trend Analysis

3.4.1. Industry Driving Forces & Impact Analysis

3.4.2. Opportunities & Challenges

Company Profiles

Givaudan
Symrise AG
International Flavors & Fragrances Inc. (IFF)
Biolandes SAS
Young Living Essential Oils
dōTERRA International
Falcon Essential Oils
Flavex Naturextrakte GmbH
Universal Oleoresins
Synthite Industries Limited
Ungerer & Company
Akay Flavours & Aromatics Pvt. Ltd.
Indo World
BASF SE
Vigon International, Inc.
Firmenich SA
Elevance Renewable Sciences, Inc.
Ozone Naturals
Alpha Aromatics
Manohar Botanical Extracts Pvt. Ltd.
Takasago International Corporation
Mane SA
Sensient Technologies Corporation

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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