Polylactic Acid Market is Predicted to Observe a Tremendous Growth, With a CAGR of 18.1% From 2021 To 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Textile, Agriculture, Automotive & Transport, Electronics), By Region (North America, APAC, Europe), And Segment Forecasts, 2021 – 2028

The global polylactic acid market size is expected to reach USD 1.82 billion by 2028 registering a CAGR of 18.1% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is mainly driven by the high demand for flexible packaging due to the increasing popularity of Quick-Service Restaurants (QSRs) and changing consumer preferences. Moreover, the rapid expansion of the end-use industries, such as agriculture, transport, and textile, will support the market growth. The growing packaging sector is anticipated to create high opportunities for polylactic acid (PLA) during the forecast period.

Packaging was the dominant end-use segment in 2020 and is estimated to continue its dominance over the forecast period. The product is extensively used in this segment for the packaging of foods & beverages, household care, and personal care products. Growing consumer awareness regarding the need for sustainability, recyclability, and green packaging is expected to boost the demand for PLA on a global level over the forecast period. In the automotive & transportation sector, several reforms, in terms of component manufacturing, are observed globally.

For instance, vehicle interior components, such as engine components, interior trim, and under-the-hood components, are manufactured using lightweight substances to enhance performance and to reduce overall vehicular weight. This has led to the rising need for sustainable bioplastic component manufacturing for enhanced toughness and fuel economy, which, in turn, has resulted in the growing demand for PLA. Rising demand for protective apparel and equipment due to the COVID-19 outbreak is anticipated to drive the inclusion of PLA in the medical and textile end-use segments.

The market in Europe is anticipated to witness substantial growth in the coming years owing to various factors, such as the presence of stringent eco-friendly laws and increasing environmental concerns among consumers. In addition, the government initiatives, such as the decision of the EU to minimize the overall consumption of single-use plastic products, are anticipated to propel the demand for PLA over the forecast period.

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Polylactic Acid Market Report Highlights

• In 2020, the packaging segment led the market accounting for the largest revenue share of over 36%, and is projected to maintain its lead over the forecast years
• The growth of the segment is attributed to the wide usage of PLA in fresh food packaging solutions as well as in the manufacturing of containers, jars, and bottles
• In 2020, North America accounted for the highest revenue share of more than 42% owing to high demand for 3D printing filaments and easy accessibility of raw materials in the region
• The packaging end-use segment of the U.S. dominated the overall regional market of North America and is anticipated to maintain its dominance over the forecast period
• In 2020, China led the Asia Pacific market, accounting for nearly 53% of the overall revenue share, owing to high demand for the product in end-use sectors including automotive & transport, agriculture, appliances, electronics, and textile

List of Key Players of Polylactic Acid (PLA) Market

• Total Corbion PLA
• NatureWorks LLC
• COFCO
• Futerro
• Jiangxi Keyuan Bio-Material Co., Ltd.
• Zhejiang Hisun Biomaterials Co., Ltd.
• Shanghai Tong-Jie-Liang Biomaterials Co., Ltd.

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Industrial Pumps Market Size Is Expected To Reach USD 81.87 Billion By 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Industrial Pumps Market Size, Share & Trends Analysis Report By Product (Centrifugal, Positive Displacement), By Application (Water & Wastewater, Construction), By Region, And Segment Forecasts, 2021 – 2028

The global industrial pumps market size is expected to reach USD 81.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2021 to 2028. Rising product demand from the water and wastewater, oil and gas, and chemical industries on account of the rapid population growth and industrialization across the globe is anticipated to drive the market.

Rapid technological advancements have resulted in augmenting the reliability of the pumps, enhancing basic process tasks, and providing a long-term reduction in everyday operating processes. These rising advancements have also resulted in the reduced energy consumption, enhanced pump performance, and reliability, thereby augmenting the product penetration.

Rising investments by the key pump manufacturers to develop low-cost manufacturing processes and advanced technology that focuses on higher productivity are anticipated to boost market growth over the forecast period. Furthermore, increasing expenditure on the development of infrastructure in various countries is expected to have a positive impact on market growth.

The investments in the chemical industry slowed down in 2020 on account of the containment measures implemented by various governments to limit the spread of COVID-19, coupled with the declining crude oil prices. In addition, the delay in the construction of approved chemical projects caused due to the intensifying COVID-19 situation globally is likely to hamper the market growth.

Access Research Report of Industrial Pumps Market @ https://www.grandviewresearch.com/industry-analysis/industrial-pumps-market

Industrial Pumps Market Report Highlights

• The centrifugal pump product segment held the largest revenue share in 2020 owing to its characteristics, including high flow rate deliverability, the capability of raising pressure inside pump casing, and high transmission velocity
• The water and wastewater application segment accounted for the largest share of 24.7% in 2020 owing to the rising demand for lift and sewage pumps attributed to the expanding industrial platforms and accumulation of wastewater in large volumes
• Asia Pacific accounted for the largest share of 44.9% in 2020 on account of the increasing investments in manufacturing projects, coupled with the expanding chemical and power generation industry in the region
• The market in India is expected to expand at a CAGR of 5.1% from 2021 to 2028 owing to the presence of a robust chemical industry, coupled with the rapid growth of the manufacturing sector

List of Key Players of Industrial Pumps Market

• Grundfos Pump Corp.
• Xylem, Inc.
• Ingersoll-Rand PLC
• Flowserve Corp.
• SPX Flow, Inc.
• KSB SE & Co. KGaA
• Sulzer Ltd.
• Pentair PLC

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Thermoform Packaging Market Expected To Witness A Substantial Growth Of USD 64.21 Billion By 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Thermoform Packaging Market Size, Share & Trends Analysis Report By Material (PET, PE, PP), By Product Type (Containers, Clamshell), By End-use Industry (Pharmaceuticals, Food & Beverage), By Region, And Segment Forecasts, 2021 – 2028

The global thermoform packaging market size is expected to reach USD 64.21 billion by 2028 registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. High adoption of products, such as blisters & clamshell packaging, containers, and trays & lids, by the end-user industries including food & beverages, electronics, pharmaceuticals, and personal care & cosmetics, coupled with increased penetration of organized and e-retail, have been driving the market from the past several years.

In thermoforming, the thermoplastic sheet is heated up to its pliable temperature and then placed over a mold until it cools and takes shape of the mold. A thin-gauge sheet, which is usually less than 0.060 inches, is mainly used to produce rigid disposable products, such as trays, bowls, containers, plates, and others. Thermoforming plastic molding process offers several advantages over injection molding including lower tooling cost, less wastage of material, and less per-unit cost for short-run production, owing to which the end-use industries, primarily food & beverages, mainly prefer thermoformed packaging products.

The packaged food industry, wherein thermoformed trays, containers, and tubs are widely used for the packaging of meat, fruits, eggs, and ready meals, is rapidly expanding across the world. Increasing urbanization and penetration of retail networks coupled with changing lifestyles are majorly contributing to the growth of the global packaged food industry, and thereby augmenting the product demand. Moreover, the rising micro-family structure, which creates demand for single-serve packaging, is expected to favor the growth of the market.

Global electronic manufacturers are mainly focusing on the development of compact devices, as they are easy to carry, which, in turn, is expected to benefit the usage of products such as trays and containers. However, electronics and food manufacturers are gradually shifting towards sustainable products, such as molded pulp trays. This increasing availability of alternative solutions coupled with the growing awareness regarding sustainability among consumers is likely to limit the market growth over the forecast period.

Due to their effectiveness, thermoformed blisters are widely utilized for the packaging of pharmaceutical solid oral dose products, such as capsules and tablets. These benefits of blisters along with their low cost and ease of usage are attracting North American pharmaceutical companies to switch from the traditional bottle packaging for solid oral doses, thereby supporting market growth. Moreover, the rising prevalence of chronic diseases coupled with the growing aging population has been driving the global pharmaceutical industry, which in turn, is expected to increase the product application scope in the pharmaceutical industry.

Asia Pacific is estimated to be the largest as well as the fastest-growing regional market from 2021 to 2028. This growth is credited to the rapid penetration of organized and e-retail sectors coupled with increased spending on processed food and consumer products, which drive the product demand in the regional market. Market participants across the globe compete on the basis of product differentiation and services offered. Pactiv LLC emerged as the market leader in 2020 on account of its wide-scale product offerings, especially for food & beverage applications.

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Thermoform Packaging Market Report Highlights

• The food & beverage end-user industry segment led the global market accounting for the largest revenue share of over 51% in 2020
• The segment will grow further at a steady CAGR from 2021 to 2028 owing to the rising adoption of thermoformed trays, containers, and blisters by packaged food manufacturers and meat processors
• The pharmaceutical end-user industry segment accounted for a significant revenue share in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• This growth can be attributed to the extensive incorporation of thermoform blisters by the pharmaceutical companies for the unit dose packaging
• The containers product segment accounted for the highest revenue share of over 26% in 2020 owing to high product adoption in the packaging of ready meals and processed food & beverages by the food processing companies
• PET led the material segment with a revenue share of 45.0% in 2020 and is expected to witness significant growth from 2021 to 2028
• Low cost, versatility in molding, transparency, and ease of recycling offered by PET materials are the few factors responsible for the segment growth

List of Key Players of Thermoform Packaging Market

• Amcor
• Sonoco Products Company
• Placon Corp.
• Display Pack, Inc.
• Pactiv LLC
• Dart Container Corp.
• Constantia
• Tray-Pak Corp.
• D&W Fine Pack
• Lacerta Group, Inc.
• RPC Group Plc
• Silgan Holdings, Inc.
• Sinclair & Rush, Inc.
• Rompa Group

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Personal Protective Equipment Market Size Is Poised To Reach USD 112.07 Billion By 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Personal Protective Equipment Market Size, Share & Trends Analysis Report By Product (Respiratory Protection, Protective Clothing), By End-use (Healthcare, Manufacturing), By Region, And Segment Forecasts, 2021 – 2028

The global personal protective equipment market size is expected to reach USD 112.07 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. The upgrading of the public healthcare system and infrastructure coupled with investments in new facilities in developing economies is anticipated to drive the product demand over the coming years.

The stringent regulations imposed by the U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) in the country have a positive impact on product demand from the end-use industries. In addition, the growing employee awareness related to personal safety has a significant influence on the increased penetration of personal protective equipment (PPE) in the country.

Constant innovations, in terms of production, such as the development of lighter, comfortable industrial protective equipment using premium-quality fabric, are projected to propel market growth. High demand for PPE, which combines safety with improved aesthetics and technological innovation, is further estimated to augment market growth.

Various countries implemented Covid-19 related acts, such as the Families First Coronavirus Response Act by the U.S., for protecting public health workers, establishing free testing, providing paid leaves, and important benefits to children and families in 2020 to curb the spread of the virus. Increasing domestic production coupled with restraints on imports and exports of PPE surged the product demand in 2020.

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Personal Protective Equipment Market Report Highlights

• Hand protection PPE accounted for the largest revenue share in 2020 and is expected to grow at a CAGR of 6.7% over the forecast period owing to the rising product demand on account of risks associated with corrosive chemicals, handling warm objects, and heavy-duty equipment
• Protective footwear accounted for a significant market share and is expected to expand further at a steady CAGR over the forecast period on account of the increasing workplace fatalities
• The oil & gas industry accounted for a significant share, in terms of revenue, in 2020 and is expected to witness a growth rate of 6.9% over the projected period owing to high accident risk in upstream and midstream activities in the industry
• Growth in the food & beverage sector across the globe is projected to drive PPE demand over the forecast period
• Companies are focusing on manufacturing branded and fashionable PPE owing to the increased demand for durable and customized products

List of Key Players of Personal Protective Equipment (PPE) Market

• Honeywell International, Inc.
• Lakeland Industries, Inc.
• DuPont
• 3M
• Ansell Ltd.
• Avon Rubber plc
• COFRA S.r.l.
• Uvex Safety Group
• Lindstrom Group
• BartelsRieger Atemschutztechnik GmbH
• Rock Fall (U.K.) Ltd.
• Mine Safety Appliances (MSA) Company
• Radians, Inc.
• Polison Corp.
• Gateway Safety, Inc.

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Waste Recycling Services Market Size Worth $ 81.3 Billion By 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Waste Recycling Services Market Size, Share & Trends Analysis Report By Application (Industrial, Municipal), By Product (Paper & Paperboard, Plastics), By Region (APAC, EU, MEA), And Segment Forecasts, 2020 – 2028

The global waste recycling services market size is anticipated to reach USD 81.3 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.

Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.

Rapid industrialization has boosted the consumption of harmful chemicals, resulting in the generation of a substantial amount of hazardous waste. Furthermore, increased agricultural production has boosted the livestock & agricultural crop wastes along with agro-industrial by-products. Thus, increased generation of waste is likely to boost the demand for services for waste recycling.

Governments across the world are embracing the public-private partnership model to match the operational knowledge provided by the private sector. Rising focus on greening the waste recycling industry with emphasis on the 3Rs i.e. reduce, reuse, and recycle is critical to achieving the environmental, economic, and social goals of sustainable development, thereby driving the market growth.

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Waste Recycling Services Market Report Highlights

• The municipal segment accounted for over 53% of the global revenue share in 2020 owing to the implementation of policy frameworks and increasing investments in municipal trash recycling services in developing economies of India, China, Bangladesh, and Thailand
• Electronic waste accounted for a significant market share in 2020 as manufacturers are focusing on recycling, disposing, and reusing to ensure a sustainable future, both in developed and developing economies
• Plastics are projected to witness a CAGR of 7.0% from 2020 to 2028 on account of initiatives undertaken by various governments, environmentalists, and non-profit organizations globally to reduce plastic waste and meet sustainable development goals
• Asia Pacific accounted for more than 39% of the global revenue share in 2020 due to the rapid industrialization, population expansion, and economic growth, resulting in increased waste generation
• The global market has witnessed significant technical improvements and sustainability, which have aided the service providers to reduce operating costs and enhance profit margins

List of Key Players of Waste Recycling Services Market

• Eurokey Recycling, Ltd.
• Northstar Recycling
• Triple M Metal LP
• Amdahl Corp.
• Interface, Inc.
• Covanta
• Epson, Inc.
• Collins & Aikman
• Xerox Corp.
• Fetzer Vineyards
• Biffa

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