GRP Pipe Market Size Worth $2.1 Billion By 2025

The global GRP pipes market size is expected to reach USD 2.1 billion by 2025, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Glass fiber reinforced plastic (GRP) pipes are lightweight, durable, and offer superior corrosion resistance and strength, which makes them suitable for use in water and wastewater transport applications.

Increasing stringent regulations on wastewater collection and treatment are likely to propel the demand for GRP pipes. These are easy to install as compared to their metal counterparts on account of their flexible nature. GRP pipes include lesser joints and can be laid over longer distances, owing to which they are usually preferred for long-distance water transportation.

Developing countries are witnessing an increase in stringent regulations on residential wastewater collection and treatment, which are expected to open new avenues for the growth of GRP pipes industry. Furthermore, mandates by the governments across developed economies to install water treatment facilities in industrial units are likely to boost the demand for GRP pipes in industrial applications. These are also suitable for the transportation of a variety of chemicals owing to their inert nature.

Furthermore, GRP pipes are suitable for use in desalination and hydropower plant. Increasing investments in the industrial sector to cater to the demand from end users are expected to propel the demand for GRP pipes and, in turn, the market growth over the projected period. Key industry players are engaged in R&D to devise enhanced anti-corrosion pipes with an ability to sustain high temperatures and pressures, which is likely to increase the product scope in O&G application. A diversified portfolio, brand reputation, and enhanced product quality were observed to be the key success factors for leading glass fiber reinforced plastic pipe market players such as Amiblu Group.

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Further key findings from the report suggest:

Adipic acid application segment in cyclohexanone market is expected to expand at a CAGR of 3.1% from 2020 to 2027 on account of rising production of nylon 66 resin and fiber, polyurethanes, and plasticizers
Pharmaceutical industry, soap manufacturing, and film production consume 2.71% of the total cyclohexanone manufactured globally
U.S. was the second-largest consumer of cyclohexanone after China in 2019 and is anticipated to register a CAGR of 2.6%, from 2020 to 2027, owing to the rising production of caprolactam in the country
Europe and North America together consumed 24% of the total cyclohexanone in 2019, with the presence of major manufacturers such as BASF SE, Ascend Performance Materials, and Advansix Inc.
Production of cyclohexanone is anticipated to face hindrance from regulatory bodies, due to excessive Greenhouse Gas (GHG) emissions, leading to manufacturers investing in R&D activities to develop new environment compliant technologies for the chemical production
In 2016, the Japanese manufacturer Ube Industries Ltd, adopted a new manufacturing technology through selective hydrogenation of phenol. This process consumes less electricity and steam compared to the conventional cyclohexane process.

Fresh Meat Packaging Market Worth $2.5 Billion By 2025

The global fresh meat packaging market size is anticipated to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.7% during the forecast period. Rising demand for fresh seafood and meat products such as pork and beef coupled with awareness regarding the safety and nutritional value of these products is projected to drive the growth.

Poultry/mutton packaging occupied the maximum market share in 2018. High availability of chicken and mutton products in retail shops has contributed to the growth of this segment. However, beef packaging is expected to witness the fastest CAGR from 2019 to 2025. Beef is one of the excellent sources of protein, which is anticipated to contribute to the rising demand for fresh meat packaging from this segment.

Packaging materials made from polythene occupied the largest market share in 2018. This segment is anticipated to witness the fastest CAGR over the forecast period owing to elasticity and lower production cost of the material. Product innovation using packaging materials like polypropylene is anticipated to propel growth of the fresh meat packaging market during the forecast period.

The Modified Atmosphere Packaging (MAP) was the most prominent technology used for packaging fresh meat in 2018. This chemical-free packaging technology significantly increases the shelf-life of meat, which is expected to drive the growth of the segment during the forecast period.

North America occupied the largest market share in 2018 owing to increased consumption of beef in U.S. According to the National Center for Biotechnology Information (NCBI), the consumption of meat in U.S. is three times more than that of the other countries. This is expected propel the demand for fresh meat packaging. Asia Pacific, on the other hand, is anticipated to witness significant growth, with China being the largest contributor. However, China witnessed a decline in growth for pork meat due to the issues with safety standards, over the past years.

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Further key findings from the study suggest:

In terms of revenue, modified atmosphere packaging segment is anticipated to ascend at the fastest CAGR of over 3% over the forecast period
PE material led the global market for fresh meat packaging with an overall revenue share of over 48.7% in 2018
Vacuum skin packaging technology segment was valued at USD 718.1 million in 2018
North America led the global fresh meat packaging market in 2018 with a revenue share of 36.7%
The market is highly competitive in nature with the presence of leading players including Amcor Ltd., Winpak Ltd., Sealed Air Corp., Crown Holdings, Reynolds Group, Coveris Holdings S.A., and Sealpac International BV
Manufacturers focus on innovation, product launches, and capacity expansion To cater to the rising demand

Hot Drinks Packaging Market Size Worth $13.7 Billion By 2025

The global hot drinks packaging market size is expected to reach USD 13.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing consumption of coffee and tea across the globe and innovative packaging methods to prevent loss of product are expected to remain key driving factors. Furthermore, increasing consumption of coffee and tea among the working class population of developing economies including China and India is expected to open opportunities for manufactures over next few years.

North America dominated the market and generated a revenue of USD 3.6 billion in 2018. This region has been witnessing significant rise in consumption of coffee and other hot drinks, especially in U.S. This scenario is expected to increase the demand and introduction of innovative packaging solutions for hot drinks. Furthermore, strong brand goodwill and foothold of key industry participants including Sonoco Products Company and Bemis Company, Inc. through their well-established distributor networks in U.S. are projected to remain favorable for the market growth over the next few years.

Asia Pacific is the fastest growing market for hot drinks and is projected to register a CAGR of 5.1% over the forecast period. This growth is attributed to increasing consumption of tea and coffee as a staple drink in the countries such as China and India, which is thereby driving the need for more production and their packaging solutions.

Coffee generated the highest revenue of USD 5.6 billion in the year 2018. In 2017, consumption of coffee was 62% i.e. 5% increase over the prior year, which makes it the largest shareholder. The segment is also expected to witness the fastest growth owing to increasing coffee consumption in countries such as China, Japan, and India. This scenario is expected to drive the demand for innovative and attractive packaging solutions for hot drinks. Companies are coming up with flexible packaging solutions for this drink, such as use of recyclable materials like cardboards to help consumers in convenient takeaway process.

Glass packaging material generated the highest revenue of USD 4.7 billion in the year 2018 due to its advantages such as recyclability and aesthetic appeal over other materials used for hot drink packaging. It is anticipated to witness significant growth over the forecast period owing to cost effectiveness and convenient transportation. For instance, Roaster, an American company specializing in manufacturing shelf bags, has different coffee packaging categories such as Gusseted Bag, Stand-up Pouch, Flat Pouch, and Flat-bottom Pouch.

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Further key findings from the study suggest:

On the basis of product, the tea segment is expected to generate a revenue of USD 4.8 billion by 2025
By material, the plastic segment accounted for a revenue share of 36.0% for the year, 2018
Europe is expected to account for 20.8% share of the global revenue by 2025
Key industry participants include in hot drinks packaging market are Bemis Company; Reynolds Group Holdings Limited Inc.; Sonoco Products Company; Stora Enso; Saint-Gobain S.A.; Mondi PLC.; Amcor Ltd.; Crown Holdings, Inc.; Alcoa Corporation; and Tetra Laval International S.A.

Floor Cleaning Equipment Market Size Worth $9.56 Billion By 2025

The global floor cleaning equipment market size is anticipated to reach USD 9.56 billion by 2025 registering a CAGR of 8.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. Rising usage of different flooring materials, such as wood and ceramic, is expected to boost the demand for effective floor cleaning machines, thereby propelling the market growth. In addition, increasing awareness about airborne diseases caused due to dust and dirt is contributing to the product demand. Rapidly expanding hospitality sector and construction market are also fuelling the demand for different types of floor cleaners, such as scrubbers, polishers, vacuum cleaners, and electronic sweepers.

Product innovations in the market will boost the growth further. For instance, in 2015, Tennant Co. introduced new T300 Walk-Behind Scrubber, which includes multiple configurations in performing the task of hard surface floor cleaning in hospitals. Moreover, introduction of ride-on models of floor cleaners have significantly augmented the demand as they are highly convenient and less time-consuming. Floor scrubber product segment led the global market. This equipment have a wide scope of application in commercial buildings for effective cleaning.

The residential application segment is projected to register the fastest CAGR over the forecast years. North America was the dominant regional market in 2018 and accounted for more than 44% of the global share. Growing corporate sector due to availability of large commercial spaces in developed countries of the regions is expected to be the key growth-driving factor for the market. Moreover, increasing usage of carpet as a floor covering has widened the scope of application for vacuum cleaners, thereby supporting market development.

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Further key findings from the study suggest:

Vacuum cleaner segment is expected to witness the fastest CAGR of 8.9% from 2019 to 2025. However, floor scrubber is likely to be the largest segment in future
Commercial application was the largest segment in 2018 and is expected to retain its dominant position during the forecast years
Asia Pacific is said to be the fastest-growing regional market registering a CAGR of 9.8% from 2019 to 2025
Key companies in the floor cleaning equipment market are Nilfisk Group; Alfred Kärcher GmbH & Co. KG; Tennant Company; Hako Group; EUREKA S.p.A.; International Cleaning Equipment; Comac SpA; Minuteman International, Inc.; and Denis Rawlins

Mouth Freshener Market Worth $17.30 Billion By 2025

The global mouth freshener market size is expected to reach USD 17.30 billion by 2025, expanding at a CAGR of 5.0%, according to a new report by Grand View Research, Inc. Rising awareness regarding oral health and increasing usage of tobacco and alcohol is projected to drive the product demand.

Mint candy segment held the largest market share of around 36.0% in 2018. High consumer preference due to easy availability and a wide variety of flavors is among the prominent factors driving the segment growth.

Spray is anticipated to register the fastest CAGR of 5.8% over the forecast period. These products are easy to use and they do not leave residual waste. Both these factors are projected to contribute to the segment growth in the forthcoming years.

Retail outlet segment is anticipated to dominate the mouth freshener market during the forecast period. Availability of a large variety of products, traditional method and easy access are some of the prominent factors driving the segment growth. Online retail is expected to witness the fastest CAGR of 5.6% over the forecast period. Growing usage of internet, product penetration in rural areas, and attractive discounts are among the major growth drivers.

North America held the leading market share of 42.50% in 2018. High usage of tobacco and alcohol and increasing oral health issues due to bad eating habits are projected to drive the regional growth. Asia Pacific is expected to register the fastest CAGR of more than 7.0% in the forthcoming years. High usage of tobacco and alcohol coupled with rising consumer awareness is anticipated to fuel the regional growth.

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https://www.grandviewresearch.com/industry-analysis/mouth-freshener-market

Further key findings from the study suggest:

Spray segment is projected to ascend at a CAGR of 5.8% over the forecast years
Retail store distribution channel led the global mouth freshener market in terms of revenue, in 2018
Asia Pacific is projected to expand at the fastest CAGR of 7.0% during the forecast period.

Citrus Oil Market Size Worth $10.03 Billion By 2025

The global citrus oil market size is anticipated to reach USD 10.03 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% during the forecast period. Growing demand for plant based extracts such as colorants and flavorants and to increase nutritional content of food and beverages is projected to propel the growth.

Citrus oil is widely available in many countries including U.S., U.K., and Germany and is commonly used in food and beverages. Orange oil led the market in 2018 and is expected to maintain its dominant position throughout the forecast period. Increasing use of the product in skin care products is the main factor driving the demand. Orange oil is used for the treatment of acne and to encourage skin rejuvenation. Furthermore, regular use of orange oil helps regulate blood flow to skin, fueling the demand for orange oil from the cosmetic industry.

The market for citrus essential oil is expected to witness significant growth over the forecast period. Increasing spa and rejuvenation centers across the world is expected to drive the product demand. Key players focus on innovation and new product development to increase their product offerings. For instance, in 2018, Youngevity introduced a new product called Mineral Man, offering citrus oil-based skin care and hair care products.

Europe held the largest market share of 39.5% in 2018, owing to rising consumer awareness regarding the benefits of citrus oils. Moreover, growing demand for natural cosmetic and plant extracts to enhance natural content is driving the regional product demand. Asia Pacific, on the other hand, is expected to witness the fastest CAGR of 8.4% from 2019 to 2025.

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https://www.grandviewresearch.com/industry-analysis/citrus-oil-market

Further key findings from the report suggest:

Lemon oil segment is anticipated to ascend at the fastest CAGR of 7.5% over the forecast period
Orange oil segment led the global market with an overall revenue share of 29.4% in 2018
Food and beverages segment is expected to reach USD 3.42 billion by 2025
The citrus oil market is highly competitive in nature with the presence of leading players including Young Living Essential Oils, Plant Therapy Essential Oils, TERRA Holdings, LLC, Moksha Lifestyle Products, Farotti Essenze, and Mountain Rose Herbs
Manufacturers concentrate on new product launches, capacity expansion, and innovations to cater to the rising demand

Whipping Cream Market Size Worth $10.3 Billion By 2025

The global whipping cream market size is expected to reach USD 10.35 billion by 2025 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Rising consumption of foods, such as pies, ice creams, cupcakes and cakes, puddings, scones, milkshakes, hot chocolate, espresso drinks, and coffee drinks, is expected to remain a favorable factor for the market growth.

Furthermore, rising awareness about the health benefits of whipping creams, such as improved bone health and immune system, due to the presence of vitamins A, D, E, K, and choline. Companies are investing more in product development to increase their market share. For instance, in August 2018, Kraft Heinz partnered with Hershey’s and launched Milk Chocolate Dairy Whipped Topping and Peanut Butter Cup Dairy Whipped Toppings.

In Feb 2019, Amazon launched new private label Happy Belly brand in its dairy and beverage product line. Under this brand umbrella, the company will sell numerous product variants including half and half, heavy whipping cream and dairy whipped topping. In March 2019, DuPont Nutrition & Heath launched Grindsted WP 300 Flexwhip, a sugar-free non-dairy whipping cream. In May 2019, Gay Lea, a Canadian milk and dairy products company, launched a new non-dairy vegan real coconut whipped cream.

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https://www.grandviewresearch.com/industry-analysis/whipping-cream-market

Further key findings from the study suggest:

The dairy product segment accounted for the largest market share of more than 60% in 2018 and will continue to expand further at a steady CAGR from 2019 to 2025
The B2B application segment is expected to register the fastest CAGR of 8.2% from 2019 to 2025
Europe is expected to be the largest regional whipping cream market accounting for a market share of more than 35% by 2025
Online distribution channel is expected to be the fastest-growing segment at a CAGR of 8.5% from 2019 to 2025

Inkjet Coders Market Size Worth $2.1 Billion By 2025

The global inkjet coders market size is expected to reach USD 2.1 billion by 2025, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. increasing adoption of inkjet coders in medical applications is expected to drive the market over the forecast period. Inkjet coders are being used in medical applications to meet the growing demand for traceability that allows protection against counterfeit pharmaceuticals.

Inkjet coders are also extensively used in the food industry to enable consumers to read information and gain knowledge about the product. Information coded includes expiry dates, nutritional information, and ingredients. The demand for TIJ coder in the food industry has increased over the last few years. TIJ coders provide improved print quality and resolution and release less volatile organic compounds, thereby increasing the demand for such coders among food packaging.

Besides, the packaging industry is witnessing a paradigm shift in terms of coding and marking methods. Inkjet coders are being observed to be used in the packaging industry for marking primary packaging, coding tobacco packages, and tracking and identifying products. Furthermore, the growth of the market is attributed to increase in the number of pharmaceutical stores, especially in the Asia Pacific region. Also, in this region the government of different countries have introduced several legislative norms to accurately label produced goods, which in turn is supporting market growth and is anticipated to witness substantial growth by 2025.

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https://www.grandviewresearch.com/industry-analysis/inkjet-coders-market

Further key findings from the study suggest:

The market is anticipated to witness substantial growth during the forecast period owing to rising adoption in various industries, including pharmaceutical, food and beverages, and automobile
The Drop on Demand (DOD) inkjet coder segment is expected to register considerable growth by 2025. This is attributed to benefits offered in terms of flexibility and functionality, thereby augmenting its adoption across industrial applications such as printing onto timber and hardware, concrete, and packaging products
The food industry segment accounted for the highest market share in 2018, owing to increasing stringent regulations on clear printing of information on the product
The growth of the European market can be attributed to presence of large number of vendors/manufacturers offering the printing technology. Also, Europe is likely to maintain its dominance during the forecast period
Key players in the market include Markem-Imaje; Linx Printing Technologies; KGK Jet India Private Limited; Xaar Plc; Videojet Technologies Inc.; Kiwi Coders Corp.; and Hitachi Industrial Equipment Systems Co., Ltd. New product development remains the key strategy adopted by the leading manufacturers in the market.

Indoor Farming Market Size Worth $50.3 Billion By 2025

The global indoor farming market size is estimated to reach USD 50.3 billion by 2025, exhibiting a CAGR of 9.19% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. In addition, challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.

Indoor farming increases the crop yield and reduces farming impact on the environment by reducing the distance traveled in the supply chain. It reduces need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding consumption of healthy and fresh food is anticipated to positively influence the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.

Europe dominated the indoor farming market in 2018 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2019 to 2025, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for the regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

The key players operating in the market include Netafim (Israel), Richel Group (France), PRIVA (Netherlands), and Argus Control System Limited (Canada). Companies across the globe, such as Signify Holding and Osram GmbH, are working on developing innovative lighting systems for indoor farming.

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https://www.grandviewresearch.com/industry-analysis/indoor-farming-market

Further key findings from the study suggest:

The greenhouses segment dominated the market in terms of revenue in 2018 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
Some of the key players operating in the indoor farming market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)

Skid Steer Loaders Market Worth $2.6 Billion By 2025

The global skid steer loaders market size is expected to reach USD 2.6 billion by 2025, exhibiting a revenue based CAGR of 2.4% over the forecast period, according to a study conducted by Grand View Research, Inc. Regulated demand from the construction sector coupled with introduction of several state-of-the-art skid steer loader variants with superior features such as compact size, and easy operability, are the major factors driving the demand. In addition, the rising adoption of skid loaders for landscaping activities is also expected to have a positive impact on the product demand.

Another major reason contributing to the demand for skid steer loaders is their ability to get into tight spaces. Although the machines are small in size, they have enough power to perform heavy construction activities. For instance, the Bobcat S70 has a width of only 901 mm but is equipped with a 23.5 horsepower engine and has a rated operating capacity of 343 kg.

The growing preference for comfort among operators is compelling manufacturers to focus on manufacturing loaders with enhanced cabin comfort. For instance, CNH Industrial N.V. offers skidsteers with a cabin that have increased headroom and improved visibility. Similarly, recently introduced AB Volvo’s C-Series skid steer loaders offer operators with 27% more cabin space as compared to their previous models. Thus, growing preference for improved comfort and operational efficiency is expected to drive growth of the skid steer loaders market over the forecast period.

Skid loaders have numerous advantages over other construction equipment that make it popular in the construction industry. The machines can perform different tasks and can operate on different types of terrains. The wheeled models can be used on uneven or rough terrains by installing Over-The-Tire (OTT) tracks that are easy to maintain and replace. The abovementioned benefits, coupled with lower operating costs, are anticipated to surge demand for skidsteers over the next six years.

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https://www.grandviewresearch.com/industry-analysis/skid-steer-loaders-market

Further key findings from the study suggest:

Skidsteers with Rated Operating Capacity (ROC) between 1,251 lbs to 2,200 lbs accounted for the highest market share in 2018 as these products offer optimal balance of power and initial cost
The more than 2,200 lbs segment is anticipated to expand at a significant CAGR over the forecast period, owing to the additional comfort and operational efficiency offered
The agricultural segment is gaining traction due to the flexibility offered by skid loaders, thereby eliminating the need for multiple machines across different operations
Construction and mining segment accounted for more than 50% of value share in 2018. Skidsteers were primarily introduced for construction activities and hence are widely used across the construction facilities
Middle East and Africa skid steer loaders market is primarily driven by rising infrastructure projects in the region