Protective Clothing Market Scenario by 2027 As per study by Fortune Business Insights™, the global protective clothing industry is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period. Regional Analysis- North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China. Segment- Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019. Competitive Landscape- Key Manufacturers Aim to Enhance Portfolio through Acquisitions A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/protective-clothing-market-102707
Last changed by  
 
Nitesh Vhaval
27

Read more

Untitled

PET Packaging Market Report by Technology, Industry Share and Size Expansion to 2029 | Fortune Business Insights™ The global PET packaging industry growth was valued at USD 37.85 billion in 2021. The market is projected to grow from USD 39.23 billion in 2022 to USD 55.46 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “PET Packaging Market, 2022-2029.” Demand for PET Flexible Packaging as a Sustainable Solution to Gain Momentum Based on product type, the market is segmented into bottles & jars, caps & closures, trays & clamshells, bags & pouches, films & wraps, sachets & stick packs, and cans & containers. In terms of market share, the films & wraps segment holds a dominant share of the global market due to the rising usage of flexible packaging in online delivery. Demand for PET Containers in the Food & Beverage Industry to Gain Momentum

5/23/2023
Untitled

Personal Care Contract Manufacturing Market Report by Technology, Industry Share and Size Expansion to 2029 | Fortune Business Insights™ According to Fortune Business Insights™, the global personal care contract manufacturing industry growth will significantly benefit from the rising disposable income in several countries across the world. The presence of several large scale companies will emerge in favor of market growth. “Personal Care Contract Manufacturing Market Sizeand Regional Forecast, 2022-2029,” the market derive growth from the integration of advanced concepts, that have widened the application scope of the product in the past few years. Personal care contract manufacturing refers to the handling of the manufacturing process associated with personal care products. The primary reason why this concept has gained popularity in the past few years is the complexity associated with manufacturing of personal care products. The rising disposable income and increasing spending power across the world has been pivotal to the growth of the personal care contract manufacturing market in the past few years. The presence of several large scale companies will emerge in favor of growth of the market in the coming years. The increasing number of company collaborations and acquisitions will provide impetus the growth of the market in the foreseeable future. Additionally the integration of advanced concepts has widened application scope, subsequently creating new growth opportunities for companies in this sector. COVID-19 Impact The rapid spread of the coronavirus has created a sense of urgency across the world. With strict measures taken to curb the spread of the disease, several major businesses have come to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Increasing Number of Company Mergers and Acquisitions will have a Massive Impact on Market Growth

5/23/2023
Untitled

High Strength Steel Market | Top Leading Countries, Companies, Trends, Analysis, Revenue, Challenges and Global Forecast 2027 The global high strength steel industry growth is projected to reach USD 54.07 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Increasing demand for electric vehicles (EVs) worldwide is expected to emerge as a crucial growth determinant for this market, states Fortune Business Insights™ in its report, titled “High Strength Steel Market Size, Share & COVID-19 Impact Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive; Building & Construction; Mechanical & Heavy Equipment; Rail, Aviation & Marine; and Others), and Regional Forecast, 2020-2027”. According to the International Energy Agency (IEA), in 2019, global EV sales reached 2.1 million, surpassing 2018 levels and boosting the world EV stock to 7.2 million. EV car sales registered 40% year-on-year increase, accounting for 2.6% of the total global car sales in 2019. HSS has emerged as a promising technology for EVs as this steel lowers the weight of the car, while providing superior strength and enhanced protection. Moreover, HSS also serves as an excellent battery protector for EVs owing to its high strength and low weight. Furthermore, advanced HSS such as SSAB’s cold formable Docol® improve vehicle performance, making them more fuel-efficient and lower emissions. Market Driver Multiple Benefits of HSS in Construction to Stoke Adoption High strength steel offers a wide array of advantages to the construction industry. According to the Australian Steel Institute (ASI), the high-yield stress and tensile strength of HSS can be leveraged to increase design stresses, which can potentially reduce the required plate thickness and lower deadweight. The ASI estimates that savings ranging between 28% and 38% are possible if high strength steel is deployed for primary building columns in large structures. This advanced steel variant also provides superior durability and strength to withstand tectonic activities. For example, in New Zealand, where seismic activities are common, purlins, beams, and rafters made from ultra-high strength tensile steel are extensively used to counter the devastating effects of earthquakes in the regions. Thus, expanding utilization of HSS in the construction industry is likely to fuel the high strength steel market growth in the near future. Regional Insights

5/23/2023
Untitled

Tobacco Packaging Market Demand, Recent Trends, Size and Share Estimation by 2027 with Top Players The tobacco packaging market witnessed progressive growth in the past few years with the advent and the increasing popularity of smokeless tobacco firms worldwide. These products such as gutka, chewing tobacco, snus, snuff, and gum acts as substitutes for cigarettes and are smokeless. As per a recent report by Fortune Business Insights titled, “Tobacco Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Paper, Paperboard, and Others), By Packaging Type (Primary and Secondary), and Regional Forecast, 2020-2027,” this market is likely to rise at a CAGR of 3.0% and reach USD 20.45 billion by 2027 from USD 16.15 billion earned in 2019. The forecast period set for this market is between 2020 to 2027. We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Drivers & Restraints- Focus on Increasing Shelf life and Quality of Products to Promote Growth The increasing consumption of tobacco products has propelled the need for tobacco packaging, thereby boosting the market. Besides this, the rising popularity of smokeless tobacco also augmented growth. Packaging is required for protecting the quality and authenticity of the product and to extend its shelf life. Specialty packaging products also protect the product from external temperatures or moistures. Therefore, the need for better packaging quality is expected to spur growth.

5/22/2023
Read more from Nitesh Vhaval
Published on HackMD