Personal Care Contract Manufacturing Market Key Drivers, Industry Share and Future Growth Demand Analysis by 2029, Fortune Business Insights
According to Fortune Business Insights™, the global personal care contract manufacturing market size 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 Size, Share & Industry Analysis and 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

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on the growth of the overall market in recent years. In January 2020, Silgan Holdings announced that it had completed the acquisition of Albea’s dispensing company. The company stated that it spent around USD 900 million towards this acquisition. Through the acquisition of Albea’s dispensing company, Silgan Holdings will gain access to the former’s exceptional portfolio of personal care contractual services. This acquisition will not just help the company grow but will also have a massive impact on the global personal care contract manufacturing market in the foreseeable future.

Asia Pacific to Emerge Dominant; Increasing Product Demand will Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for personal care contractual services in this region will emerge in favor of growth of the regional market. The massive spending power, increasing disposable income, and the constantly rising population in countries such as India and China have contributed to market growth.

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Flooring Market 2019-2028 Size, Share, Global Development, Revenue, Future Analysis, Business Prospects
The global flooring market size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period.

This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.”



Drivers and Restraints

Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth

Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns.

It can be effortlessly installed, is robust, and obtainable at a cheaper cost, which furthermore adds to its increasing admiration in the variety of residential as well as non-residential buildings. This is expected to bolster the flooring market growth during the forecast period.

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Regional Insights

Asia Pacific was worth USD 180.38 billion in 2020. Asia Pacific is the biggest and speediest-surging region and held the maximum flooring market share owing to large scale financing scheduled by governments of India, China, and Southeast Asia on infrastructure expansion.


Segmentation

On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs.

Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers.

Geographically, the flooring market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Read More:https://www.globenewswire.com/....news-release/2023/05

Wood Flooring Market | Size, Analysis, Development, Revenue, Future Growth, Business Prospects and Forecasts.
The global wood flooring market size is expected to showcase a considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced wood flooring solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies.

Information Source:

https://www.fortunebusinessins....ights.com/wood-floor

DRIVING FACTORS

Increasing Government Support to Promote Wooden Products to Surge Demand

The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global wood flooring market in the forthcoming years.


REGIONAL INSIGHTS

Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.

Read More:https://www.globenewswire.com/....news-release/2023/03

Bioplastics Market Size, Share & Forecast 2028The global bioplastics market share is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years.

Postponement of Green Investment by Government amid COVID-19 to Hamper Growth

According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market.

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DRIVING FACTORS

Increasing Demand for Eco-Friendly Plastics to Aid Growth

According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years.

Read More at:https://www.globenewswire.com/....en/news-release/2023

Acetone Market Size Report, Trend, COVID19 Impact, Industry Outlook, Derive Growth, Share, Revenue
The global acetone market share is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period.

COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War

The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth.

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Drivers & Restraints-

Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth

The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand.


Regional Insights-

Easy Availability of Raw Materials to Favor Growth in Asia Pacific

In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ketone is extensively used in numerous manufacturing processes as an industrial solvent in the region.

North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe.

Read More Simialr article:https://www.globenewswire.com/....en/news-release/2023