Latest Market Research Reports

  Lithium Industry The global  lithium market   was valued at USD 31.75 billion in 2023 and is forecasted to grow at a compound annual growth rate of 17.7% between 2024 and 2030. One of the primary drivers of this growth is the increasing adoption of electric vehicles, which require substantial quantities of lithium-ion batteries. This trend is expected to significantly support market expansion over the coming years. Within the market, the automotive sector is projected to experience notable development, largely due to strict environmental regulations placed on internal combustion engine (ICE) vehicle manufacturers. These regulations aim to reduce carbon dioxide emissions, thereby encouraging a transition toward electric vehicle production, which in turn is expected to boost the demand for lithium and its associated products. In addition to regulatory pressures, government financial support for electric vehicles and growing investments in this area are anticipated to furt...

  Shipping Container Industry The global  shipping container market  was valued at USD 6.41 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028. This high growth is largely driven by the increase in maritime shipping, which is a result of more trade agreements being formed between nations. Most shipping containers are manufactured based on the specifications set by the International Organization for Standardization (ISO). These standards are crucial for ensuring smooth loading and unloading processes, as well as for maintaining the container's structural integrity during transportation, even under extreme conditions. The U.S. stands as one of the largest pharmaceutical markets globally, ranking among the top three importers and exporters of medical products. The country's substantial investments in drug development, the production of healthcare products, and their exports are anticipated to create significant opportu...

  Tequila Industry The global  tequila market   size was valued at USD 10.53 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. A major growth driver is the increasing consumer demand for premium and artisanal tequila. As preferences shift from quantity to quality, a growing segment of consumers particularly younger demographics is willing to pay a premium for 100% agave tequilas. In fact, 54% of consumers aged 18–34 report a preference for premium offerings, indicating strong growth potential for this segment, which is expected to contribute significantly to the market’s overall revenue expansion. Consumer education and awareness are also playing a pivotal role in driving market growth. As more consumers become knowledgeable about the distinctions between tequila and mescal including production methods and unique flavor profiles there is a rising demand for authentic, high-quality products. Approximately 60% of con...

  eVTOL Aircraft Industry The global  eVTOL (electric Vertical Takeoff and Landing) aircraft market  was valued at USD 1.35 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 54.9% from 2024 to 2030. One of the key factors driving the growth of the eVTOL market is the continuous development and enhancement of battery technologies. As batteries become more powerful, lighter, and capable of charging faster, eVTOLs can cover longer distances and have shorter downtimes, increasing their practicality and attractiveness for various applications, including urban air mobility. This progress in battery technology is improving operational efficiency, expanding the range of potential uses for eVTOL aircraft, such as passenger drones and cargo delivery systems. These advancements in technology are driving the growth of the market by making eVTOLs more viable for both commercial and personal use. In addition to technological progress, there is an incre...

  Coffee Industry The global  coffee market  was valued at USD 223.78 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% during the period from 2024 to 2030. A major factor driving this growth is the steadily increasing demand for coffee worldwide. Coffee ranks among the most widely consumed beverages across the globe, and its popularity is rising steadily, especially in emerging regions such as the Asia Pacific. Factors such as rising disposable incomes, evolving lifestyles, and a growing coffee culture among consumers in various parts of the world are significantly contributing to the market’s overall expansion. Supporting this trend, data released by the National Coffee Association of U.S.A., Inc. in March 2020 indicates that coffee consumption in the United States increased by 5% since 2015. In addition to the growing demand, changing consumer tastes and behavioral trends are playing an increasingly important role in shaping the...

  Furniture Industry The global  furniture market  was valued at USD 677.09 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.9% during the period from 2023 to 2030. This anticipated growth is attributed to several key factors, including the rise in disposable incomes, expansion in both the hospitality and housing sectors, ongoing advancements in the commercial construction industry, and an increasing worldwide preference for premium and luxury furniture. In addition, the rising capital expenditure on office infrastructure, primarily spurred by the development of regional business hubs across various nations, is likely to stimulate demand for office furniture throughout the forecast timeframe. Supporting this, a 2020 Economic Impact Study commissioned by the Building Owners and Managers Association (BOMA) in the United States indicated a growing trend in the establishment of business offices within the country. Despite this positive o...

  Large And Small-Scale Bioprocessing Industry The global   large and small-scale bioprocessing market  was valued at USD 80.5 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 13.8% from 2025 to 2030. Bioprocess engineering has proven to be an effective approach for the development of biopharmaceuticals, providing both bio-manufacturers and contract manufacturing organizations (CMOs) with lucrative opportunities for growth. As a result, there is expected to be a surge in focused efforts to enhance the adoption of various bioprocess engineering solutions across the market. Large-scale bioprocessing involves the production of biopharmaceuticals and other biological products on a vast scale, typically utilizing large bioreactors and extensive facilities. In contrast, small-scale bioprocessing focuses on producing smaller batches, often employing micro-bioreactors and flexible systems that allow for more precise control over production condi...

  Gum Rosin Industry The global   gum rosin market  is estimated to reach USD 3.33 billion by 2030, registering a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is primarily driven by the increasing demand for gum rosin, particularly due to the expansion of the synthetic rubber industry, especially in China. Furthermore, the rising demand for high-grade gum rosin products, such as WW and X grades, from various application industries is expected to fuel the market’s growth. The industry benefits from the abundance of raw materials in major producing countries like Brazil, Indonesia, and China. The availability of low-cost labor in these regions, along with the rapid growth of the paper and adhesives industries, is anticipated to provide further momentum to the market’s expansion. However, the market growth may face challenges due to the increasing substitution of gum rosin with t...

  Contract Packaging Industry The global  contract packaging market   was valued at USD 69.35 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. This growth is primarily driven by the increasing trend of outsourcing among companies across various industries, which is fueling the demand for contract packaging solutions worldwide. Additionally, the rising need for customizable packaging formats is expected to further accelerate market growth. The trend of outsourcing in the global packaging sector is significantly influencing the market's expansion. Numerous companies, particularly within the food and beverage, pharmaceuticals, cosmetics, and consumer goods sectors, are increasingly turning to contract packaging organizations to meet their packaging needs. This outsourcing trend has been motivated by the need to reduce operational costs, enhance efficiency, and gain access to specialized packaging expertise and cutt...