The global paper packaging market is expected to grow to USD 537.8 Billion by 2031 at a CAGR of 4.7%. The rising awareness about eco-friendly packaging especially in the food and beverage industry is one of the major driving factors of the market. Governments and other regulatory bodies are making stricter rules for the plastic packaging market which is shifting the focus and buying trend towards the paper packaging market. The continuous product innovation in the paper packaging industry is...
The global dairy alternatives market is anticipated to reach USD 82.4 Billion by 2031 at a CAGR of 12.8%. Owing to the change in eating patterns of consumers and changing dietary trends, the market is gaining momentum and witnessing high demand. The increasing incidences of cases of milk allergy and lactose intolerance is expected to further increase the demand over the forecast period. Thus, many food and beverage manufacturers are using the products to attract the growing consumer base...
The global sandwich panels market is expected to expand to USD 16.7 Billion by 2031 at a CAGR of 8.1%. The growing demand for eco-friendly and affordable construction materials around the globe is the major factor driving the sandwich panels industry. As green buildings and sustainable construction are in trend, the global sandwich panels market has multiple opportunities for growth in the upcoming years.
Sandwich panels, which have excellent insulating qualities, are being used more...
The global cereal bar market valuation is anticipated to reach USD 31.2 Billion by 2031 at a CAGR of 7.9%. Owing to the rising consumer awareness about health, consumers are seeking healthy snacking options and hence it has driven the global cereal bars market heavily in the past few years. The product innovation through various flavors and ingredients such as nuts, and seeds have brought new opportunities for the global cereal bars market to grow in the upcoming years.
The rise in consumer...
The global articulated robot market is anticipated to reach a market valuation of USD 64.2 Billion by 2031 at a CAGR of 15.7%. The global articulated robot market is driven by the growing demand in industrial sectors to automate the manufacturing process to improve quality, and efficiency and reduce labor costs. Technological advancements such as artificial intelligence, and machine learning along with their integration with IoT and Industry 4.0 platforms provide real-time data analysis,...
The market size of the global cleaning robot market is expected to reach a valuation of USD 24.8 Billion by 2031 at a CAGR of 21.2%. The major factors that drive the market are the growth in demand for automated household appliances and the growth in the working population globally. The technological advancements in the robot industry and battery technology, coupled with the advent of artificial intelligence (AI), and machine learning are anticipated to bring multiple opportunities for the...
The global automotive drivetrain market is expected to expand to USD 384.5 Billion by 2031 at a CAGR of 6.3%. The rising sales of vehicles especially in the emerging economies is a major factor for the increased demand of automotive drivetrain in the past few years. Moreover, the advancement in drivetrain technologies coupled with the rise of electric vehicles across the globe has brought new opportunities for the global automotive drivetrain market for the upcoming years.
The growth and...
The global neuroprosthetics market is expected to expand to USD 42.5 Billion by 2031 at a CAGR of 16.2%. The rising number of patients suffering from several neurological, physiological, and cognitive disorders as a large part of the global population is aging is the major factor driving the overall neuroprosthetics market. The advancements in healthcare systems and medical science coupled with the advent of artificial intelligence (AI), have brought new opportunities for the global...
The global essential oils market is expected to expand to USD 44.5 Billion by 2031 at a CAGR of 12.2%. The market is driven by many other industries which make use of essential oils, especially food & beverage, and cosmetics & personal care. Its use in aromatherapy and alternative healing therapy is another factor for the increase in the sales of essential oils in the past few years. The traditional use of essential oils in third world countries is also a major factor driving the global...
The global smart healthcare market is expected to expand to USD 410.7 Billion by 2031 at a CAGR of 13.4%. The rising geriatric population coupled with the growing desire for patient-centered and individualized treatment is one of the major factors driving the global smart healthcare market. Additionally, with the advent of AI, IoT, and big data analytics, the global smart healthcare market's opportunities have propelled and are anticipated to surge heavily in the upcoming years.
The rising...
