Unveiling the Lucrative Growth Trajectory of the Global Flavored Water Market Attain around US$ 37.65 billion by 2033

Flavored Water Market
Flavored Water Market

Explore the dynamic landscape of the flavored water market, poised to reach a staggering US$ 37.65 billion by 2033, backed by a robust 10% CAGR. Delve into the driving forces fueling this growth, from rising consumer health consciousness to the surge in demand for refreshing, low-calorie beverages with innovative flavors.

Witness the market’s historical evolution from 2018 to 2022, marked by substantial growth driven by consumer preferences for healthier beverage options and flavored alternatives. Discover how key players capitalized on this trend through product innovation, expanded distribution networks, and heightened brand competition.

Gain insights into the sustaining factors propelling the flavored water market forward, including shifting consumer tastes, heightened awareness of hydration benefits, and ongoing product diversification. Explore the influence of social media, catering to health-conscious millennials and young generations seeking healthier alternatives to sugary drinks.

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The market benefits from the rise in demand for easy-to-carry beverages, especially among urban populations with hectic lifestyles. Due to their mobility and convenience, ready-to-drink packaging solutions like bottles and cans are becoming popular.

Health-Conscious Shift: Increasing Consumer Demand Fuels Flavored Water Market Growth

The growing consumer demand for healthy beverage options is one of the primary drivers of the flavored water industry. As people become increasingly health-conscious and seek alternatives to sugary fizzy drinks and juices, flavoured water gives a delicious and low-calorie option.

The growing awareness of the importance of hydration and the necessity to stay hydrated throughout the day accelerates demand for flavoured water.

On-the-Go Hydration: Convenience and Flavor Innovation Propel Flavored Water Market

The trend toward convenience and on-the-go consumption is a big additional factor. It is simple for customers to carry and enjoy flavoured water while they are out because it is offered in convenient packaging types like bottles and cans. This fits nicely with the hectic and energetic lifestyles of metropolitan residents, who frequently place a premium on portability and convenience when selecting beverages.

Market expansion is greatly aided by flavour innovation. Manufacturers frequently release new, exotic flavours, fruit-infused alternatives, and functional versions that provide extra health advantages, luring customers who are looking for variety and distinctive flavour experiences.

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Obstacles Affecting the Growth and Development of the Flavored Water Market

There are numerous significant restraints on the growth and development of the flavored water business.

The belief among some consumers that flavoured water is less healthful or natural than plain water is one of the key obstacles facing the industry. Health-conscious consumers may be discouraged from embracing flavoured water alternatives due to worries about artificial flavours, sugars, and additives.

The market is fiercely competitive, with several brands competing for consumers’ attention. New entrants and small firms find it difficult to establish themselves in a saturated market due to this competition.

Customers can choose from a variety of beverages, such as sports drinks, soft drinks, and other flavoured drinks. These substitutes give the flavored water industry fierce competition and may reduce its room for expansion.

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Key Takeaways

  • 2% of the market share may be held by the United States.
  • Germany held onto its 7.4% market share for flavored waters from 2023 to 2033.
  • Japan might take 5.2% of the flavored waterindustry.
  • Australia had a 0.9% market share from 2023 to 2033.
  • Through 2033, the flavored waterbusiness in China is anticipated to expand at a 7.6% CAGR.
  • The India flavored waterindustry is anticipated to develop at a CAGR of 11.4% between 2023 and 2033.
  • The flavored water market in the United Kingdom is anticipated to expand at a CAGR of 8.5% between 2023 and 2033.
  • The sparkling flavoured water subcategory of the product category might have a market share of 17.4% from 2023 to 2033.
  • Between 2023 and 2033, the organic nature category may represent 14.6% of the flavored water market.

Competitive Environment

Intense and ever-changing competition exists in the flavored water business. A large number of brands, including well-known companies and recent comers, are aggressively contending for consumers’ attention and market share.

Flavoured water companies must constantly monitor consumer trends, invest in research and development, differentiate their products, develop strong brand identities, and develop successful marketing strategies to engage and retain customers in the rapidly changing flavored water industry in order to survive in the competitive environment.

Latest Innovations

  • Introducing I.C.E. LabsTM, a Forward-Looking, Innovative Product Development Programme from Talking Rain Beverage Company®

Bringing new beverage concepts to market in a small-scale, test-and-learn model that enables an iterative approach to product development, Talking Rain Beverage Company, the manufacturer of the best-selling flavoured sparkling water brand, Sparkling Ice®, is pleased to announce the launch of its new innovation programme, I.C.E. LabsTM.

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Key Segments

By Product Type:

  • Still
  • Sparkling

By Nature:

  • Organic
  • Conventional

By Flavor:

  • Original
  • Orange
  • Vanilla
  • Lemon
  • Pineapple
  • Grape
  • Peach
  • Fruit Punch
  • Apple
  • Berry
    • Raspberry
    • Blueberry
    • Strawberry
    • Cherry
  • Watermelon
  • Cola
  • Coconut
  • Citrus

By Packaging:

  • Bottle
  • Can
  • Box
  • Cup
  • Pouch

By Distribution Channel:

  • B2B
  • B2C
    • Supermarket/Hypermarket
    • Departmental store
    • Convenience store
    • Online retail
    • Others

By End Use Application:

  • Beverage Industry
  • Brewery industry
  • Health and Wellness industry
    • Sports Drinks
    • Vitamin Supplements
    • Seltzers & Tonics
  • Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Sweet Returns: Investing in the Global Cane Sugar Market Expected to Attain around USD 83.8 Billion by 2032

Cane Sugar Market
Cane Sugar Market

Explore the lucrative opportunities in the global cane sugar market set to reach USD 83.8 Billion by 2032 with a robust CAGR of 4.6%. Uncover the impact of rising consumer demand, innovative product developments, and the market’s resilience during the COVID-19 pandemic.

Dive into the driving factors propelling the industry forward, from the increasing use of cane sugar in the food and beverage sector to its diverse applications, including confectionery and liquid sugar. Gain insights into regional market dynamics, with a focus on the booming markets in the US, Europe, and India.

Navigate the challenges and strategies for sustained growth, recognizing the importance of adapting to changing consumer trends and ensuring global brand awareness. Discover the role of organic cane sugar in meeting consumer demands and contributing to high sales.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Cane Sugar Market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With the fact that cane sugar is useful for hydration, maintaining body protein levels and blood insulin levels, the global cane sugar market is likely to grow incessantly in the forecast period”, says an analyst from Future Market Insights.

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Key Takeaways from Cane Sugar Market

  • North America holds the largest market share with the US being subject to an ever-increasing demand for low-calorie sugar. Cane sugar is also known for extending baked goods’ shelf life, along with exceptional homogeneity and consistency.
  • Europe holds the second-largest market share with end-consumers turning out to be concerned regarding agricultural activities’ environmental impact.
  • The Asia-Pacific is expected to grow at the fastest rate in the cane sugar market with India taking the lead. The country is the second-biggest producer of sugarcane across the globe.

Competitive Cane Sugar

  • Adani Wilmar, in May 2021, came up with ‘Fortune Online’ – its mobile app for making customers’ lives easy.
  • The Sugar Research Institute of Fiji, in November 2021, did release a variety of cane for planting at commercial level. This variety does have a higher content of sugar leading to a better yield, increase in overall production of sugar, and greater income for growers.
  • MSM Malaysia Holdings Bhd, in December 2021, entered into collaboration with Wilmar Sugar Pte Ltd. for building a sustainable supply chain for sugar. Sustainability performance could be monitored on the basis of NDPE Sugar Policy.
  • ASR Group, in August 2022, entered into collaboration with Raizen for providing certified non-GMO cane sugar options. The purpose of partnership is that of creating a 100% traceable, sustainable, and non-GMO-certified supply chain pertaining to raw cane sugar.
  • Shell, as per long-term contract with Brazil-based Razen, agreed upon buying 3.25 Billion liters of sugarcane cellulosic ethanol. Razen plans to build 5 plants in Brazil, thereby expanding the portfolio of these cellulosic ethanol facilities to 9.

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What does the Report tame?

  • The research study is based on product type (liquid sugar, powdered sugar, granulated textured sugar, granulated flavored sugar, granulated colored sugar, pulp, and likewise), nature (conventional and organic), and application (dairy, bakery, confectionery, beverages, conned & frozen foods, pharmaceuticals, and the other food items).
  • With realization of the fact that cane sugar is advantageous for body protein levels, hydration, and blood insulin levels, the global cane sugar market is bound to grow on an exhilarating note in the forecast period.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Germany Takes the Lead: Securing 7.2% Share in the Global Adaptive Cruise Control Market

The adaptive cruise control market is currently valued at US$ 4.1 billion in 2023 and is projected to reach US$ 13.7 billion by 2033, exhibiting a robust CAGR of 12.7% during the forecast period. Germany is expected to secure a significant share of 7.2% in the global market during this period.

The increasing demand for expensive and luxury cars among consumers is a primary driver of market growth in Germany. With its reputation for producing high-quality vehicles and adopting advanced technologies, Germany is a key player in the global automotive market.

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The rising popularity of electric and high-end vehicles is further fueling the demand for adaptive cruise control in Germany. The automotive sector in Germany is renowned for its engineering expertise and technical innovations, making it a fertile ground for the adoption of advanced features like adaptive cruise control.

Key companies in the German adaptive cruise control market, such as Robert Bosch GmbH, Valeo SA, Autoliv Inc, and Magna International Inc, are focusing on improving and designing unique cars by implementing cutting-edge technologies and features to cater to the growing demand for luxury vehicles equipped with advanced driver assistance systems.

Key Takeaways:

  • The adaptive cruise control market is estimated to capture a CAGR of 12.7% with a valuation of US$ 13.7 billion by 2033.
  • In the historic period, the market secured a valuation of US$ 3.8 billion in 2022.
  • The United States is anticipated to register a share of 16.7% in the global market by 2033.
  • With a share of 8.5%, Japan is estimated to drive the global market during the forecast period.
  • China is predicted to register a share of 14.0% in the global market by 2033.

How are Key Players Adding Value in the Global Market?

The key players are adding value in the global market to stay ahead of competitors are:

  • Offering Customized Solutions: The key companies offer various customized adaptive cruise control systems as consumers need. The companies offer specific adaptive cruise control for cars, trucks and buses.
  • Enhance User Experience: The key players make adaptive cruise control systems to enhance customers’ experience. The companies are developing this system by adding user-friendly interfaces, camera sensors and other features.
  • After-sale Services: The key companies offer after-sales services, including maintenance, support, repair and others. These services can perform adaptive cruise control smoother and more reliably.

Key Players in the Market are:

  • Hyundai Mobis Co., Ltd
  • Robert Bosche GmbH
  • Delphi Technologies
  • Autoliv Inc
  • Valeo SA
  • Mando Corporation
  • Continental AG
  • ZF Friedrichshafen AG
  • Manga International Inc
  • Denso Corporation

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Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicles
  • LCV
  • HCV

Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • The Middle East and Africa

 

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

 

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Nut Butter Market Outlook: Seizing Opportunities Amidst Health-conscious Consumer Trends

Nut Butters Market
Nut Butters Market

Explore the booming nut butter market set to reach US$ 2.76 billion by 2033 with a robust CAGR of 8.7%. Uncover the dynamics driving growth, from rising health awareness to the surge in demand for organic options, presenting lucrative opportunities for investors.

Dive into the market’s historic and future outlook, emphasizing the significant increase in nut butter consumption and the role of protein-rich variants. Discover the impact of health-conscious consumers and the growing preference for organic, environmentally-friendly products, offering potential avenues for market players.

Navigate the challenges, including fluctuating raw material prices and increased nut allergies, influencing market restraints. Explore the North American landscape, where nut butter holds a substantial market share, and the Asia Pacific emerges as a leading producer, presenting attractive prospects for investors.

The convenience and versatility of nut butter have also played a significant role in driving its commercial development. Nut butters can be easily incorporated into various dishes. This makes them an excellent choice as a spread on toast or sandwiches. They can also be enjoyed as a standalone snack. This adaptability appeals to customers seeking convenient and nutritious eating alternatives, further contributing to the growing popularity of nut butter in the market.

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The nut butters market presents promising development opportunities, but several restraints also impact it. On the positive side, there is a growing consumer awareness of the health benefits associated with nut butter. The expansion of retail distribution channels is also contributing to its growth. Additionally, the introduction of new flavors and product variants is playing a significant role in its popularity.

There are certain challenges, however, that need to be addressed. The relatively high cost of nuts could potentially impact the affordability of nut butter for some consumers. Moreover, the prevalence of nut allergies poses a risk and may limit the potential market base for these products. Overcoming these obstacles will be crucial to sustaining the market’s growth and ensuring a broader reach for nut butter products.

Companies are prioritizing product diversity to capitalize on the prospects in the nut butters market. They are also catering to various dietary choices and providing allergen-free solutions. Furthermore, they are investing in successful marketing techniques to educate customers about nut butter’s nutritional value and versatility. Moreover, companies are actively expanding their presence into developing nations, and to ensure wider accessibility, they are enhancing their distribution networks. These collaborative efforts are expected to propel the market’s growth trajectory, creating a favorable environment for sustained success in the nut butter industry.

Key Takeaways 

  • As of 2022, the United States has captured a significant 18.1% share of the global nut butters industry, demonstrating its substantial presence and influence in the industry.
  • The nut butters industry in the United Kingdom is anticipated to grow at a CAGR of 6% by 2033, fueled by the increasing health consciousness among consumers and the growing demand for plant-based protein alternatives.
  • India is poised to witness robust growth in the nut butters market, with a projected CAGR of 9.6% through 2033, spurred by the increasing adoption of healthy snacking habits among consumers and the rising popularity of nut-based spreads as nutritious alternatives.
  • China’s nut butters industry is forecasted to experience substantial growth, with a projected CAGR of 7.2% by 2033. This growth reflects the shifting customer preferences towards natural and healthy food items.
  • As of 2022, Japan’s nut butters sector has successfully secured a notable 5.6% market share in the global market. This market share reflects the growing popularity and demand for nut-based products among consumers in Japan.

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Competitive landscape:

The nut butter market is fiercely competitive, with numerous prominent players vying for market share. Justin’s, Barney Butter, Jif, Skippy, and MaraNatha stand out as some of the renowned contenders. Each of these brands offers distinctive products and flavors to cater to the diverse preferences of consumers. These competitors continuously strive to innovate, introducing new flavors, product types, and packaging styles to meet consumers’ evolving tastes and preferences. By staying at the forefront of innovation, these companies aim to retain their market positions and attract a loyal customer base in this highly competitive industry.

Recent Developments:

In January 2023, WOW Life Science made a groundbreaking debut by introducing India’s inaugural peanut butter infused with a blend of ‘superfoods.’ Their latest offering includes two enticing variants: the first one contains a mix of “super seeds” like chia, sunflower seeds, pumpkin seeds, and watermelon seeds, while the second variant features roasted chana powder or sattu.

In August 2022, GOOD GOOD Brand announced the upcoming launch of their new peanut butter spread. This product is already on shelves in the United States and is going to be soon introduced to the markets in Canada, the United Kingdom, and Europe. Notably, the peanut butter boasts an impressive feature of being 99% sugar-free, with absolutely no added sugar.

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Nut Butters Market Segmentation

By Type, Nut Butters Market is Segmented as:

  • Cashew
  • Hazelnut
  • Peanut
  • Almond
  • Others

By Category, Nut Butters Market is Segmented as:

  • Organic
  • Conventional

Based on End-Use Industry, Nut Butters Market is Segmented as:

  • Food
  • Bakery
  • Confectionary
  • Ice-cream Parlour
  • Snacks
  • Chips
  • Cosmetics and Personal Care
  • Hair Care
  • Skin Care
  • Eye-Care
  • Color Cosmetics
  • Toiletries
  • Pharmaceuticals
  • Nutraceuticals
  • Dietary Supplements
  • Functional food

Based on Sales Channel, Nut Butters Market is Segmented as:

  • B2B
  • B2C
  • Store-based Retailing
  • Hypermarket/Supermarket
  • Specialty Stores
  • Discount Stores
  • Modern Grocery Stores
  • Traditional Grocery Stores
  • Other Store-based Retailing
  • Online Retailing

By Region, Nut Butters Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Snap-on Closures Market is Anticipated to Reach at a US$ 23.7 Billion by 2033 | FMI

Snap-on Closures Market
Snap-on Closures Market

The global snap-on closures market is expected to record a CAGR of 4.6% from 2023 to 2033. In 2023, the market size is anticipated to  reach US$ 15.1 billion. By 2033, the numbers are projected to cross US$ 23.7 billion.

Due to their capacity for providing airtight sealing, the big pharmaceutical players are anticipated to invest heavily in snap-on closures. The need for snap-on closures is anticipated to increase throughout the forecast period as a result of this, along with their capacity to preserve hygiene and shield the beverage from contamination. The snap-on closures have witnessed increased demand in the personal care and cosmetics market. The application of snap-on closures ensures that the liquid/cream is not wasted.  The quality of these products is not compromised when they come in contact with snap-on closures.

The manufacturers who are into the production of snap-on closures are taking special care of the type of products to be utilized during the production process. Owing to this, a lot of them are making use of aluminum as it is recyclable and bio-degradable. Thus, the application of snap-on closures allows a lot of companies to achieve sustainability goals. Such factors are expected to surge the sales of snap-on closures during the forecast period.

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One of the key benefits which have attracted a lot of investment is the fact that the snap-on closures have the capability to handle both hot and cold products. This has drawn a lot of attraction, especially from the players across the beverage market.

Thus, the FMI analysts are of the view that ‘increased demand in the pharmaceutical sector, personal care and cosmetics sector, beverage sector, the ability to be recycled, and a lot of other factors are expected to surge the snap-on closures market growth during the forecast period.’

Key Takeaways:

  • In 2023, the market is expected to be valued at US$ 15.1 billion.
  • By 2033, the figures are anticipated to reach US$ 23.7 billion.
  • The CAGR during the forecast period is projected to be 4.6%.
  • On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
  • The United States market is expected to record a CAGR of 3.5%.
  • The market in Germany is anticipated to record a CAGR of 3.2%.
  • The snap-on closures market in China is projected to record a CAGR of 5.5%.
  • The market in India is anticipated to record a CAGR of 6.1%.
  • The market in Brazil is expected to record a CAGR of 4.4%.
  • On the basis of material type, the polypropylene segment is expected to hold the leading market share during the forecast period, and the CAGR is expected to be at 4.9%.
  • On the basis of end-use, the personal care and cosmetics segment is expected to hold the dominant market share during the forecast period, and is projected to record a CAGR of 4.2%.
  • On the basis of neck diameter, the 34-44 mm segment is expected to occupy the dominant position.

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Competitive Landscape

The key players operating in the snap-on closures market are focusing on product innovation. This would ultimately help in cost cutting as a result of which even the consumers have to pay less. The manufacturers are also focusing on mergers and acquisitions to increase their market share. The focus is also on technological advancements as they  would enhance the production capabilities. The manufacturers are also ensuring that they grab headlines by winning awards  that are specific to the niche.

Key developments in the snap-on closures market:

  • With the acquisition of MDK in January 2023, Amcor widened its healthcare platform in Asia Pacific. In December 2022, Aptar was in the top 15 America’s most responsible companies 2023 by Newsweek.

Snap-on Closures Market Segmentation

By Neck Diameter:

  • Up to 24 mm
  • 24-34 mm
  • 34-44mm
  • Above 44 mm

By Material Type:

  • PP
  • LDPE
  • HDPE

By End Use:

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • The Middle East and Africa

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Zika Virus Testing Market Charting the Growth Trajectory Towards a US$ 6.8 Million Milestone by 2033

The sector that tests for the zika virus testing market sale is a vital line of defence against a serious threat to world health. The Zika virus, which is mostly spread by mosquito bites, attracted a lot of interest since it may result in neurological issues and severe birth deformities. It is critical to test for Zika virus infection in order to detect cases, initiate prompt interventions, and stop the virus’s spread. In order to protect susceptible groups and stop epidemics, the market for Zika virus testing has grown to be a vital part of public health initiatives.

It is critical to identify the Zika virus early and accurately, especially for persons who are pregnant or trying to become pregnant. Pregnant women who contract the Zika virus have been related to birth abnormalities such as microcephaly. Prompt testing allows

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According to FMI, the global Zika virus testing market will grow from US$ 4.9 million in 2023 to US$ 6.8 million by 2033. The market is expected to grow at a CAGR of 3.4% during the forecast period. The rising incidence of Zika virus infection is the primary driver of the rising consumption of Zika virus testing over the forecast period.

The global zika virus testing market experienced a moderate incline, experiencing a CAGR of just above 2% between 2017 and 2020, being valued at a little over US$ 4 billion, as per ESOMAR-certified firm Future Market Insights (FMI) latest report on the landscape.

Growth was majorly underpinned by the introduction of numerous point-of-care powerful testing approaches to facilitate timely detection of the virus. According to FMI’s analysis, clinicians have been exhibiting a high preference towards enzyme linked immunosorbent assay (ELISA) tests.

Compared to other immunoassay methods, ELISA tests are more accurate, are considered highly sensitive, specific and compare favorably with other methods used to detect substances in the body, such as radioimmune assay (RIA) tests.

Prominent players are experiencing immense growth opportunities across tropical regions, attributed to the high concentration rate of the zika virus across such regions as the Caribbean, Central America, Africa and the Asian sub-continent.

Players such as EUROIMMUN have emerged at the forefront, being the first diagnostics company to provide a testing approach to detect the zika virus. Its product lines include the Anti-Zika Virus ELISA (IgA or IgG or IgM or IgAM) fully automatable test and the IIFT Arbovirus Fever Mosaic 2 (IgG or IgM) test.

Key Takeaways :

  • By test type, ELISA-based zika virus testing surpassed US$ 4 billion until 2020
  • By end-user, private commercial laboratories to remain primary point of contact for availing zika virus testing
  • Multiple regulatory approvals for various testing approaches by the FDA to bolster US zika virus testing market growth
  • Brazil to attract major zika virus testing providers amid increasing governmental initiatives to contain its spread
  • Growing focus on pregnant women’s health to accelerate testing volumes in Puerto Rico
  • UK to experience limited uptake amid the non-notifiable nature of the disease due to limited outbreaks

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Competitive Landscape :

Prominent zika virus testing manufacturers are reliant on offering advanced testing approaches in order to yield quicker results so as to facilitate timely treatment.

Besides, key research laboratories and organizations also emphasize on expanding their testing capabilities by virtue of strategic acquisition and collaboration agreements.

In 2017, the US FDA issued an Emergency Use Authorization (EUA) to authorize the RealStar® Zika Virus RT-PCR Kit for the in vitro qualitative detection of Zika virus with specified instruments.

This test is offered by Altona Diagnostics GmbH, and tests presence of the virus in human serum, EDTA plasma and/or urine. Similarly, ARUP Laboratories offers both serology and RT-PCR tests for detecting the zika virus. The former is called the Zika Virus IgM Antibody Capture (MAC) based on the ELISA technique. In the latter case, the test is conducted by collecting patients’ blood or urine samples.

Key Segments:

Test Type

  • Rapid IgG/IgM Test
  • ELISA Test

End-User

  • Hospitals & Clinics
  • Private Commercial Laboratories
  • Government/Publicly Funded Programs

Region:

  • North America & Europe (US, UK, Germany, Spain, France, Italy and Rest of Europe)
  • Latin America (Brazil, Mexico, Colombia and Rest of LATAM)
  • Central America (Costa Rica, Nicaragua, Guatemala and Rest of Central America)
  • Caribbean (Puerto Rico and Rest of the Caribbean)
  • South East Asia (Thailand, Singapore, Vietnam and Rest of South East Asia)
  • Rest of the World (North Africa and South Africa)

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
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Underground Mining Equipment Market Value Surges to US$ 20.55 billion by 2033

The underground mining equipment market is poised for steady growth, projected to exhibit a moderate CAGR of 2.3% over the forecast period. Despite the lower growth rate, the market is expected to achieve significant milestones in terms of revenue generation.

In 2023, the underground mining equipment market is forecasted to reach a revenue of US$ 16.37 billion. As the mining industry evolves and technological advancements continue to drive innovation, the market is positioned for steady expansion.

By 2033, the underground mining equipment market is projected to surpass the US$ 20.55 billion mark, reflecting sustained growth and increasing demand for advanced mining solutions. Factors such as rising global population, urbanization, and industrialization are expected to fuel the demand for minerals and metals, driving the adoption of underground mining equipment.

The report indicates that manufacturers are gradually introducing automatic underground mining equipment to keep up with contemporary trends in the continually changing mining industry, which is resulting in technical revolutions inspired by the environment. Strict emission regulations in the mining sector, like those governing controlled diesel emissions and worker safety, are also likely to encourage innovation, allowing the industry to respond more skillfully to the sector’s constant price pressure while also minimising the environmental effects of new-generation underground mining machinery.

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The global community has long been concerned about the effects of advanced mining techniques on various socioeconomic factors. Concerns about human safety and environmental impacts have arisen as a result of the majority of miners’ transition from surface or open pit mining to underground mining.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2021 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

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A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector.

The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

Underground Mining Equipment Market by Category

Product Type:

  • Mining Loaders
  • Mining Trucks
  • Mining Drills
  • Mining Bolters
  • Mining Shearer
  • Continuous Miners
  • Mining Excavators & Shovels
  • Mining Scalers

Mining Technique:

  • Soft Rock Mining
  • Hard Rock Mining

End Users:

  • Mining Operators
  • Rental Service Provider

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Charting Growth: Support for Naval and Commercial Vessels Drives UK Ship Repair and Maintenance Service Market

The ship repair and maintenance service market is expected to be valued at US$ 28,169.45 million in 2024. From 2024 to 2034, these services are predicted to rise at a moderate CAGR of 6.6%, reaching a global market size of US$ 53,375.69 million by 2034.

In the United Kingdom, the market encompasses various segments of the maritime industry, including commercial shipping, offshore energy, fishing, and naval operations. British shipyards and repair facilities offer services for a diverse fleet of vessels, such as container ships, ferries, offshore support vessels, fishing boats, and naval vessels.

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The strategic location of the United Kingdom in the North Sea and the English Channel positions it as a key hub for maritime trade, offshore operations, and naval activities. The ship repair market in the UK is primarily driven by the need to ensure vessel safety, compliance with regulations, and operational efficiency in supporting maritime activities in both domestic and international waters.

Key Points

  1. The Asia Pacific region tops the tally when it comes to the consumption of ship repair and maintenance services, while China holds the biggest market share of US$ 9.1 Bn in 2023 and highest CAGR of 7.4 during the forecast period.
  2. Followed by China, South Korea to cross a value of US$ of 4.2 Bn by 2033.
  3. Being another significant market for ship repair and maintenance services, US thrives at a CAGR of 4.8% during the forecast period while expecting a value of US$ 1.6 Bn by 2033.
  4. Oil and chemical tankers segment performs better than its counterparts in the vessel type category as it goes through the regressive routine and carries tons of oil through the longer commercial sea routes. It is expected to thrive at a CAGR of 6.4% during the forecast period.
  5. The service and maintenance of hull is the ship’s watertight enclosure and it tops the service type category with a CAGR of 6.2% by 2033.

Competitive Landscape

The competitors focus on the addition of newer maintenance equipment and technology. Furthermore, the vendors also work on the “One stop shop” model to provide each service type under one roof.

Key players in the ship repair and maintenance services market are: Damen Shipyards Group, Sembcorp Industries Ltd, Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A., Dae Sun Shipbuilding & Engineering Co. Ltd, Hyundai Mipo Dockyards Co. Ltd, Arab Ship building and Repair Yard Company, Keppel Corporation Limited, United Shipbuilding Corporation, Alexandria Shipyard, Dormac Ship repairs, Astican, and HOSEI CO. LTD

For instance:

  • Arab Shipbuilding and Repair Yard Company has revisited the business model and added ship recycling in its services. Other than this, the company provides ship repair & conversion, rig repair, and navel repair along with fabrication and engineering.
  • Dormac Ship repairs introduce its repair services like CNC machining, fabrication, cofferdam repairs, electrical circuit repairing etc.

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Key Segments

By Vessel Type:

  • Oil and Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships and Ferries
  • Mega Yachts and Other Vessels

By Service Type:

  • General Services
  • Dockage
  • Hull Part
  • Engine Parts
  • Electric Works
  • Auxiliary Services

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Reusable Sanitary Pads Market: Projected to Grow at a Prolific CAGR of 11.4% by 2033 – Exploring Trends, Sustainability, and Market Dynamics

Reusable Sanitary Pads Market
Reusable Sanitary Pads Market

In 2023, the global reusable sanitary pads market is valued at US$ 3,171.50 million, and with the increasing preference for reusable options, sales are expected to surge at an impressive Compound Annual Growth Rate (CAGR) of 11.4% from 2023 to 2033. Projections indicate that by 2033, the market will reach a substantial valuation of US$ 9,334.90 million. This upward trend reflects a shift towards sustainable and eco-friendly menstrual hygiene solutions, driven by heightened awareness of environmental issues and the desire for cost-effective alternatives. Manufacturers have significant opportunities to capitalize on this growing demand and innovate within the reusable sanitary pads sector.

Capturing Opportunities in the Market

In some of the several causes, it is seen that there are a significant number of developmental prospects for reusable sanitary pad market. A key driver is rising consciousness about sustainable practices and the negative environmental impact of disposable sanitary products. The demand for reusable pads has also increased due to increase in conscious consumers looking out for environmentally responsible sections.

The growth of women’s health and hygiene, which is the area related to pad usage viscosity in dispersions helps increasing market sales additionally as well. Rising presence of these products online and offline stores is offering new windows for market sanctuary. The reusable sanitary pad business presents a huge opportunity for the manufacturer and supplier.

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Obstacles in Expanding the Reusable Sanitary Pads Market

The reusable sanitary pads market faces several restraining forces that impede its growth and widespread adoption. A lack of awareness and education regarding reusable, hygienic pads leads to hesitation among potential consumers. Many women must know the benefits and advantages of using reusable pads over disposable ones.

Social stigma and cultural taboos surrounding menstruation hinder the acceptance and promotion of reusable pads. The initial cost of purchasing reusable pads can also be a barrier for some individuals, as they may perceive them as expensive compared to their disposable counterparts. The limited availability and accessibility of reusable pads in certain regions restrict their market expansion for reusable sanitary pad.

Key Takeaways

  • Australia to hold a 1.9% share of the reusable sanitary pad market from 2023 to 2033.
  • During the forecast period, Chinese reusable sanitary pad business to expand at a CAGR of 14.8%.
  • From 2023 to 2033, the United Kingdom reusable sanitary pad industry to register at a 10.3% CAGR.
  • Through 2033, the Indian reusable sanitary pad business recorded a CAGR of 16.2%.
  • Cotton segment of the material type category is predicted to have a market share of 40% by 2033.
  • The online retailer’s segment holds a market share of 17.6% in the sales channel category between 2023 and 2033.
  • The United States might increase its market share by 27.4% between 2023 and 2033.
  • Between 2023 and 2033, Germany may hold 6.8% of the reusable sanitary pad industry.
  • Japan’s share of the reusable sanitary pad industry could reach 6.4% between 2023 and 2033

Regional Outlook

Increased environmental sustainability awareness and a growing preference for eco-friendly products have spurred North America’s demand for reusable sanitary pads. The region has seen increased activities promoting menstrual health and hygiene, which has fueled market expansion for reusable sanitary pad.

Europe has established itself as a significant reusable sanitary pad market. The region’s strict waste management legislation and an emphasis on decreasing landfill waste have accelerated the development of reusable alternatives. The changing customer preferences and the availability of a diverse range of product options have boosted market growth for reusable sanitary pad.

With its enormous population and increased awareness of menstruation hygiene, Asia Pacific represents a sizable reusable sanitary pad market opportunity. Several programs promoting sustainable menstruation products and eliminating menstrual taboos have contributed to the region’s growing popularity of reusable sanitary pads.

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The global reusable sanitary pad industry is experiencing increased demand across multiple areas due to environmental concerns, government initiatives, and changing consumer preferences. The reusable sanitary pad business is likely to continue growing in the future years.

Competitive Landscape

The reusable sanitary pad industry is getting increasingly competitive. As people become more conscious of the importance of sustainability and eco-friendly options, more companies are entering the need to meet the growing demand for reusable menstruation products.

To entice customers, established businesses and startups alike are releasing creative designs, using organic materials, and incorporating additional functionality. The reusable sanitary pad manufacturers focus on price, comfort, durability, and ease of use to differentiate their products. As a result, consumers have many options to select from, resulting in a competitive landscape in the reusable sanitary pad market.

Major Manufacturers:

  • Aisle
  • Rael
  • Charlie Banana
  • Femme Fabric Solutions LLP PREME SANITARY PADS
  • Naari Cloth Pads
  • Eco Femme
  • FabPad
  • Family
  • Isweven
  • Pee Safe (Redcliffe Hygiene Pvt. Ltd.)
  • Re: Pad
  • Rebelle Pads
  • Reboot-U
  • Relief Line
  • Safe (Redroom Technology Pvt. Ltd.)
  • Saukhyam
  • Soch Green
  • Others

Novel Advancements

  • In 2021, LastObject, an eco-startup, entered the market with a reusable menstrual pad that offers women an eco-friendly, affordable, and healthy alternative to traditional period products. Their innovative product aims to reduce waste and provide a sustainable solution for menstrual care.
  • In 2020, DAME, known for creating the world’s first reusable tampon applicator, introduced reusable period pads crafted from natural materials such as organic cotton and lyocell. These pads possess impressive absorbency, absorbing ten times their weight while effectively wicking away moisture.

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Key Segments

By Material Type:

  • Cotton
  • Bamboo
  • Hemp
  • Synthetic
  • Others

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Departmental Stores
  • Specialty Stores
  • Mono Brand Stores
  • Online Retailers
  • Drug Stores
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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sales@futuremarketinsights.com
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Recycled Scrap Metal Market Poised for 7.1% Growth: Driven by Sustainable Steel Production and Waste Reduction Initiatives

Recycled Scrap Metal Market
Recycled Scrap Metal Market

The global recycled scrap metal market is anticipated to expand at a steady 7.1% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. The growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

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 “Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Competitive Landscape         

  • American Iron & Metal (AIM)
  • ArcelorMittal
  • Aurubis AG
  • DBW Metals Recycling
  • Kuusakoski
  • Metallon Recycling Pte Ltd.
  • Nucor Corporation
  • OmniSource, LLC
  • Sims Limited
  • TKC Metal Recycling Inc.
  • K-Swiss Inc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

  • In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal market, providing historical data for the period of 2016-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented on the basis of metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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