Global Trading Report

The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market growth over the forecast period. The industry works on three major principles, designing, production, and distribution of different flexible materials, such as yarn and clothing. Several processes, such as knitting, crocheting, weaving, and others, are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories. Gather more insights about the market drivers, restrains and growth of the  Global Textile market The U.S. is anticipated to be the largest market in the North America region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest appli

Adoption of advanced technologies by farmers to increase the agricultural yield and meet the rising food demand is projected to be the key factor benefiting the market growth. In addition, the sales of tractors have witnessed substantial growth in the historic years on account of the rising demand for technological up-gradation, thereby having a positive impact on the market growth. The market in China is expected to witness high growth in the years to come on account of the presence of a number of large manufacturing facilities, coupled with the booming population in the country. In addition, improvements in farming technologies and favorable policies are expected to aid the growth of the agriculture industry, thereby driving the demand for related products, including tires. Gather more insights about the market drivers, restrains and growth of the  Global Farm Tire market Rapid urbanization, coupled with the increasing standards of living, has imposed high pressure on food production

Burgeoning food processing industry is expected to drive the market growth. In addition, high demand for fruits, vegetables, and other food products is expected to further drive the product demand. Raw material manufacturers such as BASF SE and Arkema S.A. manufacture materials such as polyethylene and polyvinyl chloride that are produced from chemicals such as ethylene and vinyl chloride. The companies are mostly backward integrated i.e. they are involved in the production of ethylene and vinyl chloride for product manufacturing. Rising replacement of conventional packaging materials with stretch and shrink films can be attributed to the growth of the market in the U.S. The presence of a number of international and local manufacturers in the economy coupled with growing penetration of the products based secondary packaging is expected to benefit the growth. The country is one of the largest manufacturers of processed food which is a major application area for stretch films in both pri

Growing exploration and production activities of oil and gas, especially in the Asia Pacific, followed by North America are anticipated to drive the demand. Metalworking Fluids (MWF) are a range of oils and lubricants used for the smooth functioning of metal pieces in machinery during various industrial operations. These fluids also help extend tool life and improving its performance. Crude oil and base oil are the primary raw materials for the production of MWFs. The raw materials are heated, extracted, and refined for producing different fluids such as motor oils, lubricants, and petrol. The U.S. metalworking fluids demand witnessed severe fluctuations, until 2014, owing to the economic downturn of 2008 and subsequent recovery. The market is expected to witness moderate growth over the forecast period on account of consolidation in the metal fabrication industry coupled with competition from international markets. Modest growth in the construction and automotive sectors is expected t

The global lignin market size was estimated at USD 954.5 million in 2019 and is expected to expand at a CAGR of 2.0% in terms of revenue, from 2020 to 2027. Increasing demand for lignin in animal feed and natural products is anticipated to drive the growth. The product is widely utilized in the production of macromolecules used in the development of bitumen, biofuels, and bio-refinery catalysts. This factor is likely to support market growth. Growing demand for concrete admixtures and adhesives and binders coupled with increasing investments in infrastructure development is expected to fuel the market growth. In U.S., the demand for lingo-sulphonates accounted for the largest market share of 85.5% in 2019 and is expected to expand at a CAGR of 1.6% over the forecast period. In addition, the well-established market for the production of pulp and paper in North America is further likely to support the market. Gather more insights about the market drivers, restrains and growth of the  Glo

Health and hygiene concerns are increasing among individuals worldwide on account of rising awareness regarding the impact of COVID-19 on the population. The market has been witnessing significant developments in the hand sanitizer industry worldwide in the wake of the ongoing pandemic crisis. However, with the supply chain disruptions and widening supply-demand gaps worldwide, the industry is currently facing significant challenges with regard to ramping up manufacturing capacities to help mitigate the supply shortage. In order to address this supply shortage, several companies have begun leveraging their mass production capabilities to manufacture these products for their domestic markets. Gather more insights about the market drivers, restrains and growth of the  Global Hand Sanitizer Market For instance, in April 2020 Honeywell announced an expansion of its manufacturing operations at two chemical manufacturing facilities to produce and donate hand sanitizer to government agencies

The global fluid dispensing systems market size accounted for USD 35.62 billion in 2018 and is estimated to expand at a CAGR of 6.7% by 2025. Growing demand for systems in end use industries such as electrical and electronics, automotive, and construction applications is anticipated to drive the growth. Proliferation of the latest technologies enabling automation in industries has fueled growth of fluid dispensing systems (FDS) and equipment market. The market has been gaining impetus from increasing adoption of novel technologies in the automotive sector. With the technological advancements and growing demand from various end-use industries, new products with better efficiencies are being developed by manufacturers to meet specific requirements. Growing electrical and electronics industry in Asia Pacific and Middle East and Africa is anticipated to boost demand for fluid dispensing systems in semiconductor packaging and circuit assembly. The FDS deliver high quality, repeatable, and r

The global microfluidics market size was valued at USD 17.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.3% from 2021 to 2028. The market is majorly driven by the rising number of clinical studies for cell-based therapies. Rapid demand for low-volume sample analysis, high-throughput screening methodologies, In Vitro Diagnostics (IVD), and development of advanced lab-on-a-chip technologies are collectively contributing to market growth. Moreover, microfluidics offers a high return on investment and helps in cost control by minimizing errors. Pre-hospital analysis like routine blood glucose level check can be done at home, thereby reducing the number of hospital visits and stays. The point-of-care diagnostics introduced by various market players led to decreased hospital visits and early disease diagnosis. With advanced technologies, industry players now differentiate their products using minimally invasive features along with speed and accuracy

The global platelet rich plasma market size was estimated at USD 476.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2021 to 2028. Platelet rich plasma (PRP) is proven to be a prominent source of antilogous products in the field of regenerative medicine and a true precursor for the healing process along with scaffold and stem cells. An increase in the incidence of sports injuries and orthopedic diseases are set to propel the demand for PRP therapy. The expanding research base is expected to boost the demand for platelet rich plasma preparation products. The application of PRP products in the treatment of musculoskeletal conditions, orthopedic disorders, and sports injuries has become more prevalent over recent years. Several research studies have observed that the increased concentration of growth factors in platelet rich plasma has the ability to potentially accelerate the healing process. This has proven to be a major source of autolo