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Iron and Steel Market Strengthens with Increased Production Capacity and Exports

The global iron and steel market was valued at USD 1,676.24 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 3.8% between 2023 and 2030. The anticipated growth is primarily driven by increasing investments in residential construction. Iron and steel products offer a high strength-to-weight ratio, enabling them to withstand substantial loads and resist compression, tension, and bending forces. These attributes make them particularly suitable for supporting tall structures and efficiently distributing weight to the foundation. Additionally, these materials exhibit excellent durability and resistance to corrosion, weather effects, and pests, contributing to the long-term structural integrity of buildings and reducing ongoing maintenance costs—making them a preferred option in the construction sector.

In North America, the United States stands out as a major consumer of iron and steel, owing to heightened demand from key sectors such as construction, infrastructure, automotive, transportation, heavy machinery, and consumer goods. As per the U.S. Census Bureau, total construction expenditure in the country for the first five months of 2023 reached USD 740.8 billion, marking an increase of approximately 2.9% compared to the same period in 2022.

Government initiatives are also anticipated to stimulate demand for domestic iron and steel products. For example, in April 2022, the U.S. government mandated that all iron and steel used in federally funded infrastructure projects under the Job’s Act must be domestically produced. This regulation requires all stages of production, including melting and coating, to be conducted within the United States.

Additionally, increasing demand for heavy machinery is expected to further support product consumption throughout the forecast period. For instance, in May 2023, new orders for manufactured durable goods rose by 1.7%, with transportation equipment orders seeing a 3.9% increase compared to April 2023.

The ongoing Russia-Ukraine conflict has had a negative impact on the iron and steel industry, resulting in significant price hikes. According to the United Nations Conference on Trade and Development, the disruption in the supply of oil, gas, and coking coal from Russia has contributed to a notable rise in global energy prices, which in turn has led to a reduction in the consumption of various iron and steel products across multiple end-use industries.

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Regional Insights
In 2022, the Asia Pacific region accounted for more than 59.0% of the global iron and steel market’s revenue. This dominance is attributed to rising investments in the residential and commercial construction sectors in emerging economies such as China and India. For example, TARC Limited announced a planned investment of INR 250 crore (USD 30.23 million) in 2022 to develop a luxury residential project in New Delhi, India.

North America is expected to post a revenue CAGR of 4.2% during the forecast period. Growing investments in electric vehicle production are projected to boost the demand for iron powder, electric steel, and other related components in the coming years.

Key Companies & Market Share Insights
The market is composed of numerous players, both large and small, operating globally. Many of these companies are pursuing expansion through strategic acquisitions and capacity enhancements. For example, in January 2022, Steel Dynamics acquired a 45% equity interest in New Process Steel. This move is expected to broaden Steel Dynamics’ involvement in value-added manufacturing opportunities. Leading companies in the global iron and steel market include:

Arcelor Mittal S.A.
China BaoWu Steel Group Corporation Limited
Nippon Steel Corporation
HBIS Group
Jiangsu Shagang Group
POSCO HOLDINGS INC.
Tata Steel Limited
JFE Steel Corporation
Shougang Group

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U.S. Enterprise Telecom Services Market Growth of Unified Communication Platforms

The U.S. enterprise telecom services market size is expected to reach USD 313.95 billion by 2030, advancing at a CAGR of 6.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing mobile phone penetration, technological advancements, growing focus on digital transformation, and favorable government initiatives and investments in the telecom sector are driving the growth of the enterprise telecom services market in the U.S.

Significant investments are being made to develop the communication infrastructure in the country, owing to several factors such as the growing demand for high-speed internet and wireless services, the need to upgrade and modernize existing networks, and initiatives undertaken to improve connectivity in rural areas. The high investment influx is creating significant growth opportunities in the enterprise telecom services market in the U.S.

The steady increase in the number of Internet of Things (IoT) applications in industries such as energy, manufacturing, transportation, and public safety has propelled businesses and enterprises to deploy robust communications infrastructure. Moreover, rapid developments in smart cities in the U.S. have led to a surge in the deployment of IoT devices for several applications, including transport, public safety, energy management, and security, driving the adoption of enterprise telecom services in the U.S.

However, telecom service providers for enterprises are being charged a high fee by the government or telecom regulating authorities for buying the license or rights to transmit signals over specific electromagnetic spectrum bands. Moreover, governments worldwide release only a limited band to be licensed by telecom operators. These factors are expected to hamper the growth of the U.S. enterprise telecom services market.

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U.S. Enterprise Telecom Services Market Report Highlights

The fixed internet access services segment is expected to grow significantly over the forecast period. The cost-effective and easy-to-install nature of fixed wireless access services is driving their adoption among enterprises
The wireless segment is expected to advance significantly over the forecast period. Wireless telecom services are more flexible in terms of their movability. They can be transferred from one location to another at lower costs, driving their adoption among U.S. enterprises
The small enterprises segment is expected to advance substantially during the assessment years. Small enterprises are leveraging telecommunication services for high-speed internet, remote connectivity, video streaming, and machine-to-machine communication, among others, thus propelling the segment’s growth
The manufacturing segment is expected to register considerable growth over the forecast period. This growth can be attributed to the use of telecom services in the Industry 4.0 transformation. The growing trend of digitization, automation, and the use of AI & ML in the manufacturing sector is creating growth opportunities for the segment

Key Companies & Market Share Insights

The market is highly consolidated, characterized by the presence of a few prominent players. These players are driving competition by pursuing various strategies aimed at long-term sustenance, including geographical expansions, product innovations, R&D activities, strategic partnership agreements, and joint ventures. The growing demand for telecom services such as fixed voice services, fixed internet access services, pay TV services, and machine-to-machine IoT services from enterprises is fueling the market growth.

Vendors are focusing on launching innovative products and are engaging in partnerships to strengthen their market position. For instance, in February 2023, Dell Technologies, Inc. unveiled the Telecom Infrastructure Blocks for Red Hat, a cloud-native solution designed in collaboration with Red Hat to cater to the needs of network operators dealing with 5G radio access network (RAN) and 5G core workloads.
This offering aims to aid the telecommunications industry in expediting the integration of open, cloud-native technologies. Dell’s services and support will back this solution launch. Such initiatives are anticipated to propel the market’s growth over the forecast period.

List of Key Players in the U.S. Enterprise Telecom Services Market

AT&T Inc.
Charter Communications Inc.
Comcas
T-Mobile USA, Inc.
Verizon Communications Inc.
Lumen Technologies
Cox Communications, Inc.
Altice USA, Inc.
Frontier Communications Parent, Inc.
Windstream Intellectual Property Services, LLC.

Gather more insights about the market drivers, restrains and growth of the U.S. Enterprise Telecom Services Market

Heart Pump Devices Market Highlights Role of Telemedicine in Monitoring

The global heart pump device market size is expected to reach USD 6.44 billion by 2030, expanding at 13.5% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of coronary artery disease, ischemic heart disease, and other CVD diseases is anticipated to boost the demand for heart pump devices. For instance, according to data published by British Heart Foundation, in 2022, about 7.6 million individuals in the UK live with heart disease, and each year, around 160,000 people die from CVD and other heart-related conditions in the UK. Moreover, according to WHO data in 2020, coronary heart disease caused 163,905 deaths in Japan, with 121,823 or 11.03% of total deaths were caused due to stroke.

Furthermore, the market is anticipated to grow by increasing support and awareness initiatives for disease awareness. For instance, in January 2022, The School of Medical Research and Technology at IIT Kanpur launched Hridyantra, a challenge-based program. Its objective is to create an advanced artificial heart called a Left Ventricular Assist Device (LVAD) for patients with end-stage heart failure (HF). Hridyantra aims to improve the available treatment options for HF patients. This program is expected to significantly improve the treatment options available for patients with HF, thereby driving market growth.

Order a free sample PDF of the Heart Pump Device Market Intelligence Study, published by Grand View Research.

Heart Pump Device Market Report Highlights

Based on type, the implanted heart pump devices segment accounted for the largest revenue share of 68.3% of the market in 2023, due to their ability to assist with pumping blood and serve as a bridge to transplantation or a permanent therapy option for HF patients.
Based on product, the ventricular assist devices (VADs) segment accounted for the largest market share in 2023. It is estimated to register the fastest CAGR of 14.8% during the forecast period; owing to the increasing prevalence of HF worldwide, the demand for VADs is anticipated to grow rapidly over the forecast period.
Based on end-use, the hospitals segment accounted for the largest revenue share of over 81.4% in 2023, attributed to the high number of surgeries performed in hospitals.
North America is expected to dominate the market with over 52.7% revenue share in 2023 due to the high prevalence of heart failure, growing aging population, and robust healthcare system.

Key Heart Pump Device Company Insights

Leading companies in the heart pump devices market are enhancing their offerings and incorporating new technologies to expand their customer reach, secure a greater market share, and diversify their application range. For example, Evaheart, Inc. launched a Lunch-and-Learn program for the Penn State staff in Hershey, Pennsylvania involved in the competence clinical trial. This program facilitates staff to seek clarifications and discuss the prospects of the EVA2 LVAD

List of Key Players in the Heart Pump Devices Market

Abbott
ABIMOD (Johnson & Johnson Services, Inc.)
Getinge AB.
LivaNova PLC
Berlin Heart
Picard Medical, Inc. (SynCardia Systems, LLC)
Jarvik Heart
BiVACOR Inc.
Leviticus Cardio
Teleflex Incorporated.

Gather more insights about the market drivers, restrains and growth of the Global Heart Pump Device Market

Gluten-Free Pizza Crust Market Embraces Technological Advancements

The global gluten-free pizza crust market size is expected to reach USD 4.00 billion by 2030, registering a CAGR of 7.24% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of 868.80 million in 2023. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

Order a free sample PDF of the Gluten-free Pizza Crust Market Intelligence Study, published by Grand View Research.

For instance, in 2018,Schwan’s Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people.

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.9% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

Gluten-free Pizza Crust Market Report Highlights

By product, the conventional segment held more than 66.7% share of overall revenue in 2023. The organic segment is anticipated to ascend at a CAGR of 7.6% over the forecast period.
Based on end use, the retail segment accounted for a share of 38.6% in 2023 and is projected to exhibit high growth in the next few years.
S. emerged as the biggest consumer of gluten-free pizza crust in 2023 and is expected to witness significant growth over the forecast period.
North America dominated the global market in 2023, accounting for 32.4% share of the global revenue. This trend is projected to continue over the next few years.
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

List Of Key Players Gluten-free Pizza Crust Market

Udi’s Gluten Free (Conagra, Inc.)
Conagra Brands, Inc.
RICH PRODUCTS CORPORATION
Gillian’s Foods
Kinnikinnick Foods & Kinnikinnick Fresh Bakery
Rizzuto Foods (RICH PRODUCTS CORPORATION)
Vicolo Wholesale
Mama Jim’s Pizza, Inc.

Gather more insights about the market drivers, restrains and growth of the Global Gluten-free Pizza Crust Market

Heavy Construction Equipment Market Assessment: Insights from Industry Experts

The global heavy construction equipment market size is expected to reach USD 289.3 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increased investment in infrastructure has been a major factor driving market growth.

Rise in infrastructural development around the world is the key catalyst that will propel market growth over the forecast period. Infrastructural development results in increased construction activities, which eventually creates a demand for heavy duty construction equipment. Developed infrastructure boosts economic growth by assisting cross-border trade and industrial growth.

Private financing is a key way to fund infrastructural development plans. For instance, infrastructure development in India has witnessed increased participation of private players in recent years. Moreover, the Indian government has increased its budget for infrastructural development.

Access the Heavy Construction Equipment Market Size, Share & Trends Analysis Report By Machinery, By Application, By Propulsion, By Power Output, By Engine Capacity, By End Use, By Region, And Segment Forecasts, 2024 – 2030

Heavy construction equipment market is likely to witness high demand due to various government initiatives to expand airports globally. As of January 2015, global investments for construction of airports was nearly USD 540.0 billion. For instance, news reports suggest that the total number of passengers traveling via Mumbai (India) airport has tripled in the last decade. To overcome this, the Indian government has approved an investment of USD 2 billion for the construction of the Navi Mumbai airport, which will help distribute domestic and international passengers. Development plans such as these are sure to give the global market a major boost.

Heavy Construction Equipment Market Report Highlights

The global heavy construction equipment market size is expected to reach USD 289.3 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increased investments in the infrastructure sector, especially in developing countries such as India, Malaysia, and Indonesia, is a key factor

The material handling equipment segment dominated the market and accounted for a revenue share of 51.0% in 2023. The material handling equipment segment dominated the market and accounted for a revenue share of 51.0% in 2023.

Earth moving machinery is expected to experience the fastest CAGR of 5.9% during the forecast period. This can be attributed to rise in investments to develop airports across the globe

Asia Pacific heavy construction equipment market is anticipated to witness the fastest growth from 2024 to 2030. This can be attributed to growth of construction activities in countries such as India, Malaysia, and China

Order your free sample copy of “Heavy Construction Equipment Market Report 2024 – 2030, published by Grand View Research

Key Heavy Construction Equipment Company Insights

Some of the key companies in the heavy construction equipment market include Caterpillar, Komatsu Ltd., AB Volvo, Hitachi Construction Machinery Co., Ltd., Deere & Company., CNH Industrial N.V., and others. To address the competitive state of industry, the key companies have adopted strategies such as growing investments in research & development, rising adoption of innovation, collaborations with companies and governments, participation in welfare initiatives related to infrastructural enhancements and more.

Caterpillar Inc., one of the prominent companies in manufacturing industry of construction and mining equipment, off-highway natural gas and diesel engines, diesel-electric locomotives and industrial gas turbines as well. Some of the heavy construction equipment offered by the company includes articulated trucks, backhoe loaders, compactors, draglines, drills, motor graders, hydraulic mining shovels, off-highway trucks, road reclaimers, pipelayers, excavators, dozers, lift trucks and more.

Komatsu Ltd., a Japan-based global corporation, manufactures mining, forestry, construction, and military machinery, some of its heavy construction equipment offerings are excavators, bulldozers, motor graders, wheel loaders, dump trucks, wheel dozers and others.

Key Heavy Construction Equipment Companies:

The following are the leading companies in the heavy construction equipment market. These companies collectively hold the largest market share and dictate industry trends.

Caterpillar
Komatsu Ltd.
AB Volvo
Hitachi Construction Machinery Co., Ltd.
Deere & Company.
CNH Industrial N.V.
LIEBHERR
Kobelco Construction Machinery Co., Ltd.
SANY
XCMG GROUP

Recent Developments

In February 2024, Caterpillar introduced its medium dozer line with two technology package upgrades. The Cat Assist with ARO (attachment-ready option) package is anticipated to become a standard feature on Cat D5, D4, D6, D6 XE, and D7 models from early 2024.

In June 2024, Volvo CE launched Volvo EC210, 20-tonne category, ‘Built for Bharat’, heavy excavator and rolled out “Karo Zyada ki Umeed” campaign. The introduction of this addition of the diverse portfolio of company’s construction equipment reinforces its commitment to continue its role in Indian markets to offer innovation backed, technologically advanced products associated with construction equipment industry.

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone:-1-415-349-0058

Email: sales@grandviewresearch.com

Men’s Swimwear Market Growth Dynamics: Key Drivers and Restraints

The global men’s Swimwear market size is anticipated to reach USD 7.78 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Major factor contributing to the market growth includes product innovation as a result of rising demand for fashionable sports apparels. For instance, in 2017, McCartney formed a partnership with ISA Spa to increase the portfolio of their men’s swimwear collection and related products, such as boxers, beach bags, briefs, t-shirts, and towels.

Polyester-based swimwear apparels have the highest demand as they possess excellent strength and UV resistant properties. Furthermore, these products have excellent durability as well as quick drying characteristics. Increasing consumer awareness about advanced fabrics is expected to boost the demand for such products, thereby augmenting market growth. Online distribution channel is expected to be the fastest-growing segment channel over the forecast period.

Access the Men’s Swimwear Market Size, Share & Trends Analysis Report By Fabric (Nylon, Polyester, Spandex, Others), By Distribution Channel (Online, Offline), By Region (North America, APAC, Europe), And Segment Forecasts, 2024 – 2030

Rising penetration of e-commerce websites, such as Myntra and Amazon, which offer a wide range of products at discounted prices and Cash-On-Delivery (COD) services is expected to have a positive impact on the segment growth. Asia Pacific led the global market in 2018 and is projected to expand at the highest CAGR from 2019 to 2025. Changing consumer behavior and growing disposable income levels in developing countries, such as China and India, are the key factors driving the regional market.

Men’s Swimwear Market Report Highlights

The polyester segment held the largest market revenue share of 35.1% in 2023. Attributing to its durability and resistance to wear and tear.

The spandex segment is expected to grow at a significant CAGR over the forecast period. Spandex, known for its superior elasticity and strength, allows for a snug fit that enhances comfort and flexibility during swimming and other water activities.

The offline segment dominated the market with the largest market revenue share in 2023. Offline retail offers customers the opportunity to physically touch and try on products, which is necessary for items like swimwear, where fit and comfort are important.

The online segment is expected to grow at a significant CAGR during the forecast period.

Asia Pacific held the largest market revenue share of 43.44% in 2023. Changing lifestyles and increasing disposable incomes have increased participation in leisure activities such as swimming and beach vacations.

Latin America is anticipated to witness the fastest growth over the forecast period. Latin America’s growing trend towards health and fitness has increased participation in water sports and recreational activities such as swimming and beach-going.

Order your free sample copy of “Men’s Swimwear Market Report 2024 – 2030, published by Grand View Research

Key Men’s Swimwear Company Insights

Some of the key companies in the global men’s swimwear market include Jack Wills; Mr Porter; Male-HQ; Calvin Klein; Topman

Jack Wills provides an eco-friendly mid length swim shorts for men made form more than 95% of recycled polyester featured with an elasticated west band with drawstring for an adjustable fit. It is made from made from sustainably sourced recycled plastic bottle.

Mr Porter with its range of men’s swimwear Orlebar Brown, Vilebrequin, and Polo Ralph Lauren gives a wide range of swimwear which protects from UV radiation and comes in a smarter style and is also available in a printed design options.

Key Men’s Swimwear Companies:

The following are the leading companies in the men’s swimwear market. These companies collectively hold the largest market share and dictate industry trends.

Jack Wills
MR.G’S Designs
Male-HQ
Mr Porter
Marcuse
Calvin Klein
Topman
Helly Hansen
Everlane
Faherty Brand

Recent Developments

In November 2022, Puma Private Equity completed over USD 2 million follow-on investment into Ron Dorff, a premium bodywear brand, in 2020. This investment follows a previous USD 4 million investment in 2020, supporting Ron Dorff’s expansion plans, particularly in the U.S. market. The brand has grown significantly since its inception, with a strong online presence in menswear like swimwear & underwear and a network of global high-end wholesale partners.

About Grand View Research:

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Email: sales@grandviewresearch.com

Phone:-1-415-349-0058

Personal Care Contract Manufacturing Market Benefits from Increased Brand-Manufacturer Collaboration for Agility and Innovation

The global personal care contract manufacturing market size is anticipated to reach USD 37.1 billion by 2030 and is anticipated to expand at a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The shifting focus of significant companies producing personal care products from in-house production to R&D and other promotional activities is projected to boost the contract manufacturing of these products.

The growth in online retail, coupled with expanding presence of international brands through the advent of multinational companies globally, is anticipated to have a positive impact on the personal care market growth over the forecast period. Increasing innovation activities by various market players resulting in new product development are expected to boost market growth.

Access the Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Rapid growth of the personal care industry is expected to propel the growth of the contract manufacturing market. The need for companies to cater to this rising demand for fast-moving personal care products such as shampoos, soaps, shower gels, and creams has made them enhance their production capabilities, which is projected to trigger a significant rate of adoption for contract manufacturing over the forecast period. In addition to the manufacturing services provided by contract manufacturers, the provision for custom formulations and packaging facilities offered by contract manufacturers is further expected to boost the personal care contract manufacturing market growth.

The high degree of competitiveness present in personal care industry has resulted in encouraging companies to adopt strategies that are expected to aid them in gaining an increased market share by tapping new markets and increasing their penetration in the present market. This has resulted in companies employing their resources for R&D and promotional activities. Key market players are increasingly looking toward product innovation and new product development to manufacture user-friendly products to increase their market share.

Order Your Sample Copy of the Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing), By Product (Skin Care), By Product Form (Liquids), By Region, And Segment Forecasts, 2024 – 2030

Personal Care Contract Manufacturing Market Report Highlights

In 2023, the manufacturing service segment held the largest share of 87.5% of the global revenue in 2023. Rising demand for hair care products globally, owing to the increasing aging of the population, is expected to have a positive impact on the market over the forecast period. The consumption of personal care products by the male population is witnessing growth owing to the increasing focus on personal grooming. This is expected to propel market growth over the forecast period

The packaging service segment registered the second largest CAGR from 2024-2030. Rising demand for flexible and innovative packaging in the personal care industry is expected to have a positive impact on the personal care contract manufacturing market over the forecast period. The packaging of personal care products adds aesthetic value to the product, which is one of the primary reasons for the purchasing decision of the consumers

Asia Pacific dominated the personal care contract manufacturing market in 2023. The Asia Pacific region is driven by the heightened demand for products such as deodorants, shaving creams, among younger population in emerging markets including India and China is expected to have major impact on market growth. In addition, the increasing old age population has propelled the use of personal care products and is expected to promote aerosol valves demand in anti-aging cosmetic products

In August 2023, Eco Lips broadened its range of organic lip care products by introducing the first-ever OTC-certified organic medicated lip balm. This innovative product is designed to provide soothing relief and protection for painful fever, blisters, and cold sores. Securing placement at CVS, the largest drugstore chain in the U.S., represents a significant milestone in the retail rollout of this product. The inclusion strengthens confidence in Eco Lip’s offerings as well as addressing consumer demand in this

Recent Developments

In August 2023, Eco Lips broadened its range of organic lip care products by introducing the first-ever OTC-certified organic medicated lip balm. This innovative product is designed to provide soothing relief and protection for painful fever blisters and cold sores. Securing placement at CVS, the largest drugstore chain in the U.S., represents a significant milestone in the retail rollout of this product. The inclusion strengthens confidence in Eco Lip’s offerings as well as addresses consumer demand in this category.

In January 2021, Bright International LLC acquired Bocchi Laboratories. By combining their respective strengths, Bright International LLC and Bocchi Laboratories are poised to create one of the most diverse and comprehensive full-service beauty & personal care platforms in the North American market. This strategic move expands the range of products and services offered by the combined entity as well as enhances its overall competitiveness and market positioning. The synergy between the two companies is likely to result in a powerhouse with the ability to cater to a wide array of consumer needs in the beauty and personal care sectors.

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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.

Contact:

Sherry James

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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