Polyethylene Glycol Market To Reach $7,482.4 Million By 2030

 The global Polyethylene Glycol Market size is expected to reach USD 7,482.4 million by 2030, registering a CAGR of 6.0% according to a new report by Grand View Research, Inc. Increasing use of Polyethylene Glycol (PEG) as a solvent in the manufacturing of laxatives and eye drops coupled with the growth of the pharmaceutical industry is anticipated to drive the market. The evolution of waterborne coating and paint in automotive and construction industries owing to the growing demand for eco-friendly products is expected to augment PEG market growth.

Medical was the largest application for PEG, accounting for more than 40% of market share in 2022. Superior blending, hygroscopicity, and non-toxic properties of PEG have resulted in high demand for the chemical in numerous pharmaceutical products such as tablets and ointments. Increasing pharmaceutical expenditure, particularly in emerging economies of India, China, and Brazil, is expected to boost PEG market over the forecast period. Growing demand for paints & coatings coupled with the increasing use of PEG as a solvent due to its low VOC emissions is anticipated to fuel market growth over the next six years.

List Of Key Players in Polyethylene Glycol Market

• BASF
• Dow Chemical Company
• LOTTE CHEMICAL
• Ineos
• Croda
• Liaoning Oxiranchem
• Liaoning Kelong
• Jiangsu Haian Petrochemical Plant
• Shanghai Bronkow Chemical
• Taijie Chemical
• Huangma Chemical
• India Glycols

Related Press Release@ Polyethylene Glycol Market Report

Polyethylene Glycol Market Report Highlights

• PEG market demand in industrial applications accounted for less than 30.6% of volume share in 2022 and is expected to witness growth on account of development in automotive, construction, marine, electronics, and aerospace industries. Growing automotive production coupled with increasing construction expenditure, particularly in emerging economies of Asia Pacific, Middle East and Latin America, is anticipated to drive PEG market growth.
• Asia Pacific was the largest market for PEG owing to the presence of a large scale pharmaceutical and automotive manufacturing base in the region. Rapid industrialization in the region over the past decade augmented PEG demand and the trend is anticipated to continue over the forecast period. Growing demand for skincare products as a result of rising consumer purchasing power is expected to play a vital role in the growth of PEG market.
• Latin America and the Middle East are likely to witness above-average growth on account of the growing automotive industry as well as increasing expenditure on building & construction over the forecast period.
• Key market participants include BASF SE, The Dow Chemical Company, Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, India Glycols and Taijie Chemical. The global market for PEG was fragmented due to the presence of numerous companies. Gaining popularity of PEGlycation technology in pharmaceutical and biotechnological applications due to its pharmacological advantages and acceptability is expected to have a positive impact.

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Glycol Ethers Market

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Polyethylene Glycol Market Segmentation

Grand View Research has segmented the global polyethylene glycol market report based on application, and region:

Polyethylene Glycol Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Medical
• Personal Care
• Industrial
• Others

Polyethylene Glycol Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Polylactic Acid Market by TotalEnergies Corbion bv; NatureWorks LLC;Jiangsu Supla Bioplastics Co., Ltd.; Futerro; COFCO; Jiangxi Keyuan Biopharm Co.,Ltd.

 

The global Polylactic Acid Market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Moreover, PLA is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost its demand over the forecast period. PLA is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as it is bio-based, compostable, and biodegradable. Bioplastics are expected to witness significant growth in their demand in the market. Rising demand for flexible packaging in various countries, including India, Saudi Arabia, China, Japan, and Germany, is further expected to fuel the demand for PLA.

Related Press Release@ Polylactic Acid Market Report

List of Key Players in Polylactic Acid Market

• TotalEnergies Corbion BV
• NatureWorks LLC
• Jiangsu Supla Bioplastics Co., Ltd.
• Futerro
• COFCO
• Jiangxi Keyuan Biopharm Co., Ltd.
• Shanghai Tong-jie-liang Biomaterials Co., Ltd.
• Zhejiang Hisun Biomaterials Co., Ltd.

Polylactic Acid Market Report Highlights

• North America dominated the global market in 2022. The North America regional market is characterized by strong demand for sustainable products
• The demand for bioplastics in North America is expected to be spurred by initiatives by the U.S. Department of Agriculture for promoting eco-friendly products
• Asia Pacific is expected to grow at the fastest CAGR of 22.2%, in terms of revenue, over the forecast period. The regional market is primarily driven by the growing product demand from key industries including automotive & transportation, electronics, textile, packaging, appliance, and medical
• Packaging dominated the end-use segment with a revenue share of over 36.0% in 2022. The growing demand for packaged foods, including frozen meals, cake mixes, and snack foods, is expected to increase the requirements for flexible packaging, thereby augmenting the growth of the packaging industry in the coming years
• In March 2023, Toyota Boshoku Corp. announced a $54.4 million investment in its Jackson metal stamping facility to enhance production. This expansion will result in the emergence of 80 additional employment in Madison County
• The new plant will add 87,000 square feet to TBTN's current Jackson location, allowing the company to arrange its manufacturing activities while also serving Toyota Boshoku America's subsidiary locations

Polylactic Acid Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 713.22 million
Revenue forecast in 2030	USD 2,772.93 million
Growth rate	CAGR of 21.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

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Blister Packaging Market

Edible Packaging Market

Polylactic Acid Market Segmentation

Grand View Research has segmented the global polylactic acid market on the basis of end-use and region:

PLA End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging
• Agriculture
• Automotive & Transport
• Electronics
• Textiles
• Others

PLA Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• The Netherlands
• Asia Pacific
• China
• India
• Japan
• Indonesia
• Malaysia
• Philippines
• Central & South America
• Brazil
• Middle East and Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Pouches Market Size Worth $63.1 Billion By 2030 | CAGR: 5.9%

 

The global Pouches Market size is expected to reach USD 63.1 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting for pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are the preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn is expected to benefit the market over the forecast period.

Related Press Release@ Pouches Market Report

List of Key Players of Pouches Market

• Amcor plc
• Mondi
• Sealed Air
• CONSTANTIA
• Coveris
• Goglio SpA
• ProAmpac
• GUALAPACK S.P.A
• Huhtamaki Group
• Smurfit Kappa

Pouches Market Report Highlights

• The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
• The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need for refrigeration and thus proves to be cost-efficient
• The stand-up type segment is expected to witness the highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
• In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration of organized retail
• The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

 

Pouches Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 42.2 billion
Revenue forecast in 2030	USD 63.1 billion
Growth Rate	CAGR of 5.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

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Pouches Market Segmentation

Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:

Pouches Material Outlook (Revenue, USD Million, 2018 - 2030)

• Plastic
• Metal
• Paper
• Bioplastics

Pouches Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Standard
• Aseptic
• Retort
• Hot-Fill

Pouches Product Outlook (Revenue, USD Million, 2018 - 2030)

• Flat Pouch
• Stand-up Pouch

Pouches End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverages
• Healthcare
• Personal Care & Cosmetics
• Homecare
• Others

Pouches Closure Type Outlook (Revenue, USD Million, 2018 - 2030)

• Tear Notch
• Zipper
• Spout

Pouches Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Polyurethane Market Size Worth $105.29 Billion By 2030

 The global Polyurethane Market size is expected to reach USD 105.29 billion by 2030, registering a CAGR of 4.4% according to a new report by Grand View Research, Inc. The market is driven by the growing need for high-performance and lightweight composites in the automotive industry. The use of thermoplastic polyurethane (TPU) in car components has significantly reduced total vehicle weight. The automobile industry's need for plastics has been driven by the need to reduce total vehicle weight in order to reduce fuel consumption and carbon emissions. As an alternative to metals, PU is frequently utilized in automobile applications such as engine encapsulation, seats, external panels, instrument panels, external panels, and cables and wires.

Automobile manufacturers have been obliged to look for new ways to reduce fuel consumption as the Corporate Average Fuel Economy (CAFE) has increased. Due to the intrinsic relationship between mass and fuel consumption, light weight is a critical issue in these standards. Additionally, the reduction in mass at unfastened locations reduces noise and vibration while also smoothing the ride. Automobile manufacturers are primarily focused on car components made of various types of plastics in order to improve vehicle performance and follow the trend of lightweight vehicles.

Plastics are increasingly being used in automobile components such as automotive interiors, exterior panels, engine cabins, and instrument panels to improve fuel efficiency. Plastics can help reduce total vehicle weight and achieve the necessary fuel economy when used instead of metal components. This tendency, together with rising vehicle production, is predicted to boost polyurethane demand in applications such as engine encapsulation, outer body panels, and interior panels.

The COVID-19 pandemic had a significant impact on vehicle production and caused disruption throughout the automotive value chain. The market for polyurethane in automotive applications is projected to be impacted by a slowdown or standstill in production activity, negative consumer sentiments, and decreased consumer demand due to COVID-19.

During the forecast period, the electronics and appliances application segment is expected to increase at a significant rate. Protective coverings, printed circuit boards, electrical housings, and other items are made of polyurethane. While delivering outstanding general performance in electrical equipment, polyurethane enables cheaper unit costs and faster manufacturing. A key reason driving polyurethane demand in electronics and appliances is the growing relevance of encapsulating electronic components like circuits and sensors.

Related Press Release@ Polyurethane Market Report

Polyurethane Market Report Highlights

• The rigid foam product segment accounted for the largest revenue share in 2022 and is expected to witness prominent growth during the forecast period
• The construction application segment dominated the global market and accounted for more than 25.0% share of the global revenue in 2022
• The Asia Pacific accounted for the largest revenue share of more than 45.10% in 2022. The strong manufacturing bases of the automotive, electronics, and appliances industries in China, India, South Korea, and Japan are expected to boost the market growth in the near future
• Over the last years, a number of strategic efforts have been implemented in order to improve market growth. For instance, on October 22, 2021, Huntsman International LLC launched a new range of low-emission MDI-based foam systems for automotive interiors; the ACOUSTIFLEX LE and RUBIFLEX LE polyurethane product lines. This product innovation enabled the automotive formulators and foam manufacturers to produce high-performance polyurethane foams, while significantly reducing interior emission levels

List of Key Players in the Polyurethane Market

• Dow, Inc.
• BASF SE
• Covestro AG
• Huntsman International LLC
• Eastman Chemical Company
• Mitsui & Co. Plastics Ltd.
• Mitsubishi Chemical Corporation
• Recitel NV/SA
• Woodbridge
• DIC Corporation
• RTP Company
• The Lubrizol Corporation
• RAMPF Holding GmbH & Co. KG
• Tosoh Corporation

Related Reports@
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Polyurethane Market Segmentation

Grand View Research has segmented the global polyurethane market based on product, application, and region:

Polyurethane Product Outlook (Volume, Kiloton; Revenue, USD Million, 2018 - 2030)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

Polyurethane End-Use Outlook (Volume, Kiloton; Revenue, USD Million, 2018 - 2030)

• Furniture & Interior
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

Polyurethane Regional Outlook (Volume, Kiloton; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Spain
• Russia
• Denmark
• Sweden
• Norway
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com