Power & Energy Trends

The pressure-sensitive adhesives market is expected to reach $9,351.8 million by 2024 and demonstrate a CAGR of around 4% during 2019–2024. One of the most-significant factors pushing this market toward prosperity is the growth in the e-commerce industry across the globe. Moreover, due to the changing preferences of consumers and increasing purchasing power, the demand for packaging materials, such as paperboards, is rising. This is itself due to the booming e-commerce industry, the share of which in global retail sales is increasing every year. Lately, online sales of fast-moving consumer goods (FMCG), stationery products, and electronic goods have increased. FMCG products create a high demand for packaging, which has been steadily rising since the introduction of e-commerce. Hence, the rapid growth of the e-commerce industry across the globe is propelling the pressure-sensitive adhesives market by driving the demand for packaging. This is because governments mandate FMCG companies t...

The rising consumer preference of high-performance and lightweight electronic products is driving the demand for conductive polymers across the world. These polymers are extensively used in wearable and flexible electronics, cell phones, various flexible inorganic semiconductors, laptops, displays, and other gadgets. With the surging income of people in emerging economies, such as China, the use of conductive polymers in the manufacturing of lightweight electronic products will shoot up in the forthcoming years. Besides, the ballooning requirement for conductive polymers in the fields of healthcare, chip packaging, medicine production, electromagnetic interference (EMI), display material manufacturing, plastic transistors, sensors, electrical appliances, ultra-capacitors, and electrostatic discharge (ESD) is also expected to propel the progress of the conductive polymers market. Additionally, the burgeoning need for conductive polymers in the field of corrosion control coating, on acc...

According to the International Agricultural Trade Report 2021 released by the United States Department of Agriculture, the U.S., India, Canada, and Australia produced 376,000 tons, 1.1 million tons, 2.9 million tons, and 790,000 tons of lentils, respectively, in 2020. Furthermore, the Foreign Agricultural Service, Production, Supply and Distribution database reveals that the annual average rice production in China, India, Brazil, and Japan stood at 148,032,000 tons, 116,016,000 tons, 7,866,000 tons, and 7,711,000 tons , respectively, between 2016 and 2021.  Additionally, the USDA also estimates that 147,051,000 metric tons (MT) of barley were produced around the world in 2021. Moreover, the FAO states that 780 million tons of wheat were produced in 2021 worldwide. The surging yield of these food crops, on account of the booming global population, will, therefore, steer the biodegradable mulch film market growth in the foreseeable future. The UN forecasts that the global population...

The U.S. is one of the largest producers of pharmaceutical products and also the country with among the most-stringent regulations implemented on this industry. As per the Food and Drug Administration (FDA), in 2019, the country was home to 28% of all the factories in the world producing active pharmaceutical ingredients. The FDA strictly regulates the research and development (R&D), production, clinical trials, marketing, and sale of pharmaceutical products. Companies are mandated to provide all the essential details of the drugs, including their key ingredients, manufacturing and expiry dates, batch number, and manufacturer information, on the packaging. Therefore, the U.S. coding and marking systems market has a bright future ahead, as per P&S Intelligence, as all the details on pharmaceutical packaging are printed by these machines. Similarly, the country is also home to a huge food and beverage industry, which is another major user of these machines. Coding and marking sy...

The global net zero energy buildings market was valued at $896.6 million in 2018, and it is predicted to reach a revenue of $2,106.6 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 15.6% from 2019 to 2024 (forecast period). The market is being propelled by the surging adoption of the net zero energy building concept, especially in the commercial sector of North America. In addition, the launch of energy efficiency plans by the governments of several countries is also fueling the expansion of the market across the globe. Many governments have launched initiatives in recent years to mitigate the use of non-renewable energy sources and encourage the adoption of renewable energy sources at a bigger scale. For example, the California Long-Term Energy Efficiency Strategy Plan was launched by the California Public Utilities Commission (CPUC) to ensure that all new commercial buildings and residential buil...

The increasing consumption of various tobacco-based products, such as smokeless tobacco, shisha/water pipes, cigarettes, cigars, and bidis, is driving the worldwide demand for tobacco packaging . These tobacco-based products contain the psychoactive mood-altering chemical called nicotine, which releases a mood-improving chemical called dopamine in the body. This brain chemical is responsible for the sensation of relaxation and pleasure, which, in turn, reduces stress. As per various reports, stress is one of the major factors behind growing tobacco-addiction in people, and it is primarily caused due to the surging work pressure and the highly prevalent toxic work culture all over the world. According to the WHO, “in 2018, 1.337 billion people, including 43 million in the age group of 13–15, used tobacco in 2018, as a measure to deal with their social and physical environment, personal views, deteriorating mental health, and peer pressure”. Hence, with the surging consumption of tobacco...

The Reserve Bank of India (RBI) data reveals that the per capita gross national disposable income of India increased from INR 1,44,524 crore in the financial year (FY) 2018–2019 to INR  1,54,349 crore in FY 2019–2020. The apex bank also states that the gross national disposable income of the country grew from INR 1,91,78,372 crore in FY 2018–2019 to INR 2,01,28,484 crore in FY 2020–2021. The surge in disposable income has improved the living standards of the people, owing to which the country is observing the large-scale adoption of aesthetically enhanced products. Thus, the increasing consumption of aesthetically improved products will drive the Indian metal polish market at a CAGR of 4.6% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $26.51 million in 2019 and it will reach $37.10 million by 2030. The growth can also be credited to the surging use of metal polishes in the marine industry. These polishes are used on a cargo...