Webcam Market Size Worth $11.60 Billion By 2027

The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.

These devices are widely being deployed in the corporate sector for video conferencing and telecommuting for more accessible communication with counterparts at distant locations. Hence, key market participants are emphasizing on new model launches and technological advancements to cater to the demand for devices with higher recording, streaming, microphone, and zoom quality.

For instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro with Right Light 3 technology, enabling automatic adjustment of lightening conditions for better video quality. Moreover, emergence of advanced video cameras with the capability of connecting the entire conference of people to a single user is propelling market growth.

Furthermore, multiple attributes of webcam technology have extended its scope in the healthcare sector to assist the patients suffering from chronic diseases and emergency situations. These devices are highly being utilized for the telehealth consulting services as they provide simplified connectivity between patients and healthcare professionals through video conferencing on mobile devices or laptops.

Owing to the COVID-19 pandemic, governments of the profoundly affected countries have already announced national lockdowns and are mandating the public to maintain social distancing. Webcams are being used for communication and live virtual events due to in-home isolation worldwide for minimizing the social and economic impact of the outbreak. For instance, leaders of the G20 countries held a video conference summit for a discussion on preventive measures to be undertaken to reduce the impact of the current global pandemic.

Furthermore, governments are using Unmanned Aerial Vehicles (UAVs) for surveillance purposes as mobility restrictions are tightening worldwide owing to the COVID-19 pandemic. For instance, the State Police of Western Australia announced the deployment of drones for remotely monitoring recreational sites to ensure if people are following social distancing guidelines. In the light of the current scenario, market demand is expected to boost over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/webcams-market

Further key findings from the report suggest:

  • By technology, analog webcams accounted for over 60.0% share of the total revenue in 2019
  • Based on distribution channel, e-commerce is expected to expand at the highest CAGR of 11.9% in terms of revenue from 2020 to 2027
  • In 2019, North America accounted for the largest revenue share of over 35.0%
  • Asia Pacific is expected to witness a significant increase in the product demand during the forecast period.

Europe Industrial Air Filtration Market Size Worth $4.61 Billion By 2027

The Europe industrial air filtration market size is expected to reach USD 4.61 billion by 2027, expanding at a CAGR of 6.5% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Stringent government regulations, intense competition among key players, technological advancements, and the development of cost-effective filtration solutions is expected to positively impact the growth. Furthermore, factors such as increased investments in industrial applications, stricter environmental constraints along with environment awareness are also anticipated to fuel the market growth.

The market is expected to witness significant growth on account of stringent government regulations in the European Union (EU). The market for industrial air filtration in Europe is expected to be primarily driven by the enforcement of occupational health and safety regulations. Favorable government regulations create and drive the demand for products that help limit emissions. The Directive on Integrated Pollution Prevention and Control (IPPC) along with several sectoral directives on large combustions plants set emission limit values (ELVs) designed to deliver reductions in anthropogenic emissions to air from industrial sources. Furthermore, the formulation of EN 779:2011, a European standard for particulate air filters is also expected to fuel the demand over the forecast period. The new standard will help eliminate several issues related to synthetic filters and filter performance.

Financial drivers may also play a key role in incentivizing end users to enhance manufacturing performance and reduce costs. The key requirement of the IPPC Directive is the application of Best Available Techniques (BAT). The main objective of this policy is to stimulate the diffusion of several advanced environmental technologies across diverse industries. This objective is achieved through the BREF process that defines techniques as being BAT and at the same time outlines BAT emission levels for use across the EU.

Surging demand for products that deliver high-performance and improved efficiency, while at the same time reduce energy consumption, is also expected to favorably impact the regional growth over the forecast period. High efficiency is a key requirement for any industrial air filtration system. Additionally, filter media performance is also crucial in any industrial air filtration system, and therefore, manufacturers emphasize on developing more efficient solutions without compromising on other filtration requirements.

The emergence of new raw materials including, small fibers coupled with advancements in the non-woven technology is expected to offer avenues for the market growth over the forecast period. Owing to this, manufacturers are taking R&D initiatives to innovate in the field of nanotechnology and small fibers. However, high cost of materials is expected to hinder the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/europe-industrial-air-filtration-market

Further key findings from the report suggest:

  • HEPA filters are projected to expand at a CAGR of over 7.2% over the forecast period. This upsurge is attributed to its technical benefits such as greater machine availability and reliability, maintenance of high initial power output, improved efficiency, increased component life, zero production downtime, and lower emissions
  • Oil mist collectors are also expected to exhibit significant penetration and growth over the next few years. This can be attributed to increasing applications across the food and beverage and metal processing industry. Their ability to eliminate any air-borne contaminants and improving the food quality as well as safety is also expected to power the segment growth
  • Food end-use segment is expected to expand at a CAGR of over 8% from 202 to 2027. Stringent sanitary regulations, cross contamination, and/or food handling regulations, are some of the factors expected to favourably impact the growth

COVID-19 Diagnostics Market Size Worth $24.6 Billion By 2027

The global COVID-19 diagnostics market size is expected to reach USD 24.6 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.1% during the forecast period. An increase in the need for mass testing and efficiency in diagnosing the infection are key contributors to market growth. As the number of COVID-19 cases is exponentially rising, the need to develop rapid and easy-to-use diagnostic and serology tests is also increasing. This has created opportunities for emerging players and new market entries, thereby driving market revenue.

Large-scale operational entities in Sweden, such as Tele2, H&M, and Spotify are engaged in mass testing for distinguishing the staff tested positive from uninfected. In addition, key players are constantly accelerating the production and supply of diagnostic tests to keep pace with the increasing need for disease containment. For instance, in May 2020, Roche introduced an antibody test which is recognized as 100% accurate by Public Health England.

Exploring the potential of novel molecular technologies in the scaling-up of coronavirus testing is expected to offer a significant momentum to the expansion of COVID-19 diagnostics space. For instance, CRISPR-a gene editing technology-has recently made its way into the coronavirus testing market. This gene-editing technology enables detection of SARS-CoV-2 genes, via a protein, namely, CRISPR-Cas12. Acknowledging the potential of this technology in diagnosing coronavirus patients, the Food and Drug Administration (FDA) recently approved the CRISPR test for coronavirus patients in the U.S. This diagnostic kit has been approved under the provisions of emergency use.

The expanding pool of startup companies actively operating in the market for COVID-19 diagnostics is also expected to intensify market participant competition. This trend has been prominently observed in the Asia Pacific region, contributing to the fast-paced growth expected to be witnessed by this region through 2021-2027. Some of the startup manufacturers of novel COVID-19 tests include Mylab, DNA Xperts Private Limited, Rokid, Bione, and SD Biosensor.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/covid-19-diagnostics-market

Further key findings from the report suggest:

  • Diagnostic service is estimated to capture the maximum revenue share owing to the introduction of policies and mandates to conduct testing at a large scale globally
  • The nasopharyngeal swabs segment is estimated to dominate the market in 2020 with a revenue share of 48%, followed by an Oropharyngeal (OP) swab. Nasopharyngeal swabs are the gold standard for COVID-19 sample collection; both oropharyngeal and nasopharyngeal swabs are largely employed in PCR testing. This has propelled the expansion of point-of-care COVID-19 testing market space, which has contributed to the segment’s fast-paced growth through 2021 to 2027
  • The increasing popularity of at-home testing and handheld instruments targeted toward combating the shortage of coronavirus test kits has been witnessed. This is expected to result in the lucrative growth of Point-of-Care (POC) testing during the forecast period
  • Laboratories are estimated to be the key revenue contributing end-users owing to the primary role of laboratories in sample testing for suspected individuals
  • Asia Pacific is projected to dominate the market for COVID-19 diagnostics in 2020 with a revenue share of around 37% and is expected to maintain this dominance during the forecast period. This is attributed to the robust funding for fast-track studies pertaining to clinical validation of rapid testing as well as the rapid launch of novel products. Robust government initiatives aimed at increasing the number of operational laboratories dedicated to coronavirus testing across Asian countries are set to propel the market growth

Hand Wash Market Size Worth $10.73 Billion By 2027

The global hand wash market size is expected to reach USD 10.73 billion by 2027, expanding at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding the effectiveness of hand washing in terms of eliminating all types of germs and some viruses is one of the key factors fueling the market growth. Additionally, recent outburst of COVID-19 has re-emphasized the urgency of regular hand wash at the global level. All the world leaders and governments have been promoting the significance of hand hygiene in unison. These factors have spurred the demand for hand wash products, which is expected to continue during the forecast period.  

Increasing social campaigning and initiatives pertaining to importance of hand wash by renowned organizations are also expected to drive the market. For instance, awareness initiatives by the World Health Organization, including SAVE LIVES: Clean Your Hands annual global campaign, launched in 2009, Clean Care is Safer Care program from 2005 to 2015, and Infection Prevention and Control campaign from 2015 to 2017, were aimed to galvanize the importance of hand hygiene in reducing health care-associated infection.

Many manufacturers such as Brittanies Thyme, Puracy, and MADEOF LLC have been venturing into organic hand wash to attract customers who are largely influenced by products made from natural ingredients. These market players have been benefitting by transparent listing of important details, such as constituents, shelf life, and production processes. Organic hand wash products are free from parabens and sulfates that are known to cause rashes and irritation on the skin. These products contain plant based extracts, such as neem, honey, extra virgin oil, eclipta, castor seed oil, and coconut oil.

The commercial end-use segment held the largest market share in 2019 and is expected to maintain its lead over the forecast period. This is attributed to increasing demand for hand hygiene products from the hospitality industry, healthcare industry, and restaurants. The e-commerce distribution channel segment is expected to register the fastest CAGR of 7.7% from 2020 to 2027. Increasing internet and smartphone penetration across the globe is a major reason for the market growth.

Asia Pacific accounted for the largest share of more than 32.0% in 2019 owing to growing awareness among people regarding hand hygiene. In addition, increasing promotional events by the government and global organizations will fuel the demand for hand wash products in the region. For instance, in 2018, the World Health Organization asked the Southeast Asian countries to promote the practice of good hand hygiene, which could help prevent sepsis, a life-threatening disease that affects almost 30 million people globally every year.

Europe is expected to expand at the fastest CAGR of 6.6% from 2020 to 2027. According to the European Centre for Disease Prevention and Control (ECDC), healthcare-related infections, including those caused by bacteria resistant to antibiotics, have been increasing the public health problems in Europe, which is expected to drive the demand for hand wash products in the region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hand-wash-market

Further key findings from the study suggest:

  • Rising importance of regular hand wash practices among consumers due to increase in the number of influenza like diseases, such as COVID-19, is boosting the growth of the hand wash market
  • Hand wash products have been gaining traction among consumers as these products have been considered to be more impactful for providing deep hand cleaning as compared to other alcohol-based disinfectants and sanitizers
  • By end use, the residential segment is expected to expand at a CAGR of 6.2% from 2020 to 2027. Manufacturers such as Reckitt Benckiser, Unilever, Amway, and Procter & Gamble have been categorically marketing and advertising their products focusing on the spread of diseases and infections caused by poor hand hygiene, thus boosting the segment growth.

North America Dispensing Pumps Market Worth $986.6 Million By 2027

The North America dispensing pumps market size is expected to reach USD 986.6 million by 2027, registering a CAGR of 4.9% during the forecast period, according to a new report by Grand View Research Inc. Growing demand for the product for dispensing a variety of food products including oils, ketchup, food condiments is projected to drive the market growth.

An increasing number of eateries, restaurants, bars, café, and other space is anticipated to raise the consumption of food products and thereby is likely to have a positive impact on the market. Favorable regulations for the establishment of new businesses in the region coupled with the growing trend for the consumption of fast food is likely to support the demand.

Changing consumer preferences towards a healthy lifestyle and consumption of organic food have propelled the manufacturers to invest in natural food treatment and the use of eco-friendly packaging systems. Also, a stringent regulatory framework regarding food safety has compelled the producers to use high-quality dispensing pumps that comply with food contact norms.

The region is home to a large number of manufacturers and small and medium enterprises. The companies mainly focus on innovation for developing eco-friendly, cost-effective, and low-maintenance solutions for a wide range of applications. Furthermore, the companies offer specialized mechanisms for pumps.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-dispensing-pumps-market

Further key findings from the study suggest:

  • The > 30 cc product segment is expected to expand at a CAGR of 5.6% over the forecast period on account of rising use in PET bottles largely used in office spaces, public utility spaces, restaurants, cafes, hotels, public buildings
  • In 2019, the revenue HORECA end-use segment stood at USD 222.7 million owing to wide-ranging use of a medium to large-sized pet bottles with dispensing pumps an outflow range from 4 cc to 8 cc and 9 cc to 30 cc
  • In Mexico, the demand for dispensing pumps in cosmetics and personal care application is anticipated to expand at a CAGR of 6.6% owing to the rapid growth of beauty care and cosmetics industry within the country
  • In 2019, the 0 – 3 cc product segment accounted for about 40.6% of the total demand in the North America region owing to its wide-ranging applications in household packaging systems and for its low-spillage and leak-proof properties
  • The manufacturers produce their products based on standard specifications by end consumers such as the basis of dosage outflow, dimension, size, and product material

Low Fat Cheese Market Worth $121.6 Billion By 2025

The global low fat cheese market size is expected to reach USD 121.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast period. Growing awareness about obesity, higher cholesterol among the consumers, along with changing food preferences, are likely to fuel the market growth over the anticipated years.

According to the WHO, in 2016, over 340 million children and adolescents aged between 5 to19 years were reported overweight. Obesity is a growing concern amongst children, especially in regions such as APAC and North America. As a result of this, many global fast food vendors such as McDonald’s and Starbucks are promoting the food segments using low fat cheese such as ricotta, feta, and mozzarella as main ingredients to serve healthy products and retain the customer base.

Actors, celebrities, and bloggers across the globe have been seen endorsing healthy cuisines using low fat and low calories dairy products such as skinny baked mozzarella sticks and cheesy baked zucchini noodle casserole over social media such as Instagram and Facebook. This has resulted in growing health concerns and greater consumption of low fat cheese among the consumers.

Ricotta held the largest share of 34.3% in 2018. Ricotta is a variant that is mainly produced from cow’s milk. The texture of ricotta varies between soft and dry. Salted varieties including smoked cheese are profusely used in kitchen, whereas the unsalted types such as baked ricotta are consumed directly as appetizers or desserts.

Mozzarella sticks is the fastest growing product category, expanding at a CAGR of 4.0% over the forecast period. This growth is largely attributed to rapidly growing fast food business worldwide. Moreover, mozzarella sticks are considered to be a healthy low fat snacking cheese. These sticks are usually labeled with ‘part-skim’ tag and are a source of 6 grams of fat, along with 7 grams of protein, 86 calories, and more than 200 milligrams of calcium. Shredded mozzarella processed from part-skimmed milk is a popular choice for consumers as it melts easily over homemade pizza or grilled cheese sandwich. For instance, in 2017, Domino’s launched its first ever low fat variant of mozzarella in Australia, where the fat content was reduced by 25% after four years of extensive R&D in the same.

The store-based channel held a leading share in the market. This category includes hypermarkets and supermarkets, convenience stores, grocery shops, mixed retailers, food specialists, and independent small grocery stores. The store-based channel offers one-stop experience to customers. However, adoption of technology by consumers is increasing due to sale of low fat cheese via online distribution channels such as Grofers and Big Basket.

Europe held the largest share in 2018, followed by North America. Demand for low fat cheese is expected to boost in Europe due to booming fast food industry and rising consumer awareness. APAC is projected to expand at the fastest CAGR of 4.4% over the forecast period. The expected growth is attributed to high fast food consumption in the region, along with increased disposable per capita income in countries such as India and China.

Some of the key players operating in the global low fat cheese market are like DSM; Crystal Farms; Lactalis Group; Arla Foods; Kraft Foods Group, Inc.; Amul; Bongrain; and Britannia Industries. Companies are focusing on introducing new variants of low fat cheese in their dairy food segment to tap the growing health conscious consumers. For instance, Arla Foods have expanded its Arla brand portfolio with the launch of Arla Quark to promote low fat and tasty alternatives for ingredients such as ricotta, mascarpone, and other soft cheese.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/low-fat-cheese-market

Further key findings from the report suggest:

  • By product, ricotta accounted for 34.3% share of the total revenue in 2018 and is projected to exhibit a significant increase over the coming years
  • Europe is projected to generate a revenue of USD 41.5 billion by 2025
  • APAC is the fastest growing region, expanding at a CAGR of 4.4% over the forecast period. This trend is projected to continue over the anticipated years
  • Demand for the product is anticipated to increase, especially in countries such as China, India, and Argentina, due to changing food habits, rise in purchasing power parity amongst consumers, and growing health concerns
  • The industry is highly competitive in nature with the major players including DSM; Crystal Farms; Arla Foods; Kraft Foods Group, Inc.; Amul; Bongrain; and Britannia.

Fruit Beverages Market Size Worth $51.66 Billion By 2025

The global fruit beverages market size is expected to reach USD 51.66 billion by 2025 registering a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Rising importance of maintaining a healthy lifestyle and demand for fruit beverages as nutritional supplements are expected to remain key growth-driving factors for the global market. Furthermore, rising demand for Ready-To-Drink (RTD) beverages due to hectic work schedules will augment the market growth over the forecast period.

North America is expected to lead the global market over the forecast period. Strong brand presence of key industry participants including PepsiCo and Coca-Cola through their well-established distribution networks in U.S. is projected to remain a favorable factor for the market growth. Asia Pacific is expected to register the fastest CAGR from 2019 to 2025. This growth is attributed to the increasing demand for fruit beverages in emerging countries including China and India. The canned and fresh juices packaging segment is expected to generate the maximum market share by 2025.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fruit-beverages-market

Further key findings from the study suggest:

  • Canned and fresh juice packaging is projected to be the fastest-growing segment while frozen juices segment is projected to expand at the fastest CAGR of 7.1% from 2019 to 2025
  • Asia Pacific is projected to be the fastest-growing regional market over the forecast period while North America is projected to account for the largest revenue share
  • Major manufacturers in the market are Tropicana Products, Inc.; The Coca Cola Company; The Campbell Soup Company; Langer Juice Company, Inc.; Ceres Fruit Juices Pty Ltd.; Lassonde Industries, Inc.; Ocean Spray Cranberries, Inc.; Del Monte Foods, Inc.; and Parle Agro Private Ltd.
  • Most of these companies focus on product innovation, M&A, and capacity expansion to gain a greater market share

Hangover Rehydration Supplements Market Worth $3.0 Billion By 2025

The global hangover rehydration supplements market size is anticipated to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.0% over the forecast period. Increasing product visibility at pharmacy stores is a main factor driving demand for hangover rehydration supplements. In addition, growing awareness related to harmful effects of alcoholic drinks among people will boost demand for detox products in the coming years. Increasing consumption of alcoholic drinks in India, China, and Japan is expected to provide growth opportunity for the market from 2019 to 2025.

The solutions segment dominated the market, accounting for more than 65.0% share of the global revenue in 2018. The segment is expected to maintain its lead throughout the forecast period owing to increasing product visibility at pharmacy stores. The tablets/capsules segment held a major share in the market. Higher product visibility, coupled with increasing launch of tablets/capsules in U.S., India, and U.K., is anticipated to drive the segment over the forecast period.

The offline segment accounted for the largest share of more than 85.0% in 2018. The segment is expected to maintain its lead throughout the forecast period. Increasing availability of hangover rehydration products at various retail channels is driving the sale of these products through offline channel. However, sale of hangover rehydration supplement through online channel is expected to witness significant growth from 2019 to 2025. Small players including More Labs and Cheery Health are increasing their focus on online channel to increase their sale.

Asia Pacific dominated the market, accounting for more than 45.0% share of global revenue in 2018. The region is expected to maintain its lead throughout the forecast period. South Korea and Japan together held more than 55.0% share of the Asia Pacific market owing to high product visibility and product awareness among consumers. Europe is expected expand at the fastest CAGR of 15.5% over the forecast period. U.K. and Germany are the prominent markets in Europe due to availability of products such as Alka Seltzer, Berocca, and Blowfish, coupled with growing awareness among the consumers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hangover-rehydration-supplements-market

Further key findings from the report suggest:

  • By product, the solutions segment accounted for more than 65.0% share of the global revenue in 2018
  • The offline distribution channel segment was valued at USD 990.0 million in 2018
  • Asia Pacific held more than 45.0% share of the global revenue due to increasing product visibility in China and India, coupled with growing awareness related to health benefits of hangover supplements among people
  • North America is expected to witness significant growth over the forecast period owing to increasing product visibility at retail stores and growing awareness among consumers
  • The global hangover rehydration supplements market is highly competitive in nature due to presence of a large number of vendors in the market. Abbott Laboratories and Bayer AG held a significant share in the global market and are the leading vendors in North America and Europe.

Durian Fruit Market Size Worth $28.6 Billion By 2025

The global durian fruit market size is expected to reach USD 28.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. Growing demand for cross-cultural cuisine due to expansion of the tourism industry is expected to remain a key driving factor for this exotic tropical fruit. In addition, increasing awareness regarding the health benefits of durian, such as cancer prevention, blood sugar maintenance, anti-aging, anti-oxidant, and antidepressant features, has been fueling the demand for the product across the globe.

Frozen pulp and paste form of the product held the largest share of more than 70.0% in 2018 in terms of revenue. The segment is anticipated to witness the fastest growth from 2019 to 2025. Rising application of the product in the food industry as an exotic flavor have been widening the durian fruit market scope over the world. Furthermore, the producers of ice cream, yogurt, pizza, and coffee have been incorporating the product as a flavoring ingredient in the formulation of food items.

Asia Pacific dominated the industry with 96.0% share of the total revenue in 2018. Thailand and Malaysia are the major producers of the product in the world. In terms of consumption, Malaysia, Indonesia, Thailand, China, Singapore, Hong Kong, Taiwan, and Vietnam are the key consumers in this region.

Online distribution channel is expected to witness the fastest growth from 2019 to 2025. This growth is attributed to increasing penetration of smartphone users at a global level. Furthermore, increasing visibility of e-commerce platforms as a key buying window among consumers, which offers various value-added services, along with the finished goods, is expected to remain a favorable factor in the near future.

Key competitors of this industry include Charoen Pokphand Group, Sunshine International Co., Ltd., Chainoi Food Company Limited, Thai Agri Foods Public Company Limited, Interfresh Co., Ltd., TRL (South East Asia) Sdn Bhd, Top Fruits Sdn Bhd, Hernan Corporation, and Grand World International Co., Ltd.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/durian-fruit-market

Further key findings from the report suggest:

  • By product, frozen pulp and paste held the largest share of more than 70.0% in 2018
  • Supermarkets and hypermarkets accounted durian fruit market for a revenue share of exceeding 45.0% in 2018. The online channel is expected to expand at the fastest CAGR of 9.3% from 2019 to 2025 in terms of revenue
  • Demand in Asia Pacific is expected to be 2.6 million tons by the end of 2025. In the APAC region, Malaysia generated a revenue of USD 4.2 billion in 2018.

Garment Active Insulation Market Size Worth USD 249.2 Million By 2025

The global garment active insulation market size is expected to reach USD 249.2 million by 2025, according to a new report by Grand View Research, Inc. registering a CAGR of 6.6% over the forecast period. Incorporation of the insulation materials using advanced fabric manufacturing technology is anticipated to propel the industry growth.

Technological developments in sporting goods and wearables is expected to increase the popularity of sports apparel and footwear across the economies. The growing demand for performance sportswear, yoga apparels, and activewear is estimated to contribute towards the garment active insulation market growth.

Advancements in active sportswear fabrics have been rapidly growing to achieve high functionality among sportspersons without compromising comfort. Thus, the sportswear manufacturers keep a track of market expansion for fibrous materials as well as science and technology. The application of advanced textile science and technology in the manufacture of sportswear and leisurewear fabrics is expected to drive the industry growth.

Key players follow different product distribution strategies including the multi-channel distribution platforms and single distribution channels to enhance operational efficiency and cost-effectiveness of the business. However, the multi-channel distribution strategy is gaining high traction in the industry as key players are operating a multi-channel distribution model within a single facility coupled with the rising automation level in the industry.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/garment-active-insulation-market

Further key findings from the report suggest:

  • Polyester in 2018 accounted for a market share of 52.93%, owing to its superior properties including resistance to decay, dirt, and alkali and heat resistance, which is expected to drive demand over the forecast period
  • The outdoor application segment dominated the market in 2018 and is estimated to reach USD 153.5 million by 2025, due to rising demand for outerwear products such as jackets primarily for use in hiking
  • Asia Pacific region is projected to grow at a CAGR of 7.3% in terms of revenue, from 2019 to 2025, due to the increasing per capita income of the middle-class population in the country, changing lifestyle, and evolving preferences toward luxury brands & comfortable clothing
  • The industry in China is anticipated to reach USD 57.2 million in 2025, owing to changing consumer behavior toward fitness and the switch towards the use of sports & active clothing for fashion and daily use
  • Key participants in garment active insulation market are taking efforts towards developing and positioning of the active insulation products along with focusing on implementing operational and expansion strategies to expand their footprint