Industrial Centrifuge Procurement: Category Spend Analysis and Cost Drivers
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The industrial centrifuge category is expected to grow at a CAGR of 4.43% from 2023 to 2030. The growing demand for centrifuges from the process industries such as chemical, food, metal, mining, pharmaceutical, and biotechnology is expected to drive the category growth. Throughout the forecast period, a growing improvement in the wastewater management industry and technological advancements are expected to have positive effects on the category.
The North American region accounts for the largest category share. The high demand for crude oil, the massive amount of shale oil and gas drilling operations, a thriving food processing industry, technological advancements, government support to manage wastewater and initiatives to create novel centrifugation systems are all the factors that have contributed to the success of this region.
With the help of new technologies, the chemical industry is constantly utilizing industrial centrifuges for the separation process. Technological developments in this category include chemical separation technology and decanter centrifuge technology. The decanter centrifuge technology aims to provide the decanter's internal separation process to have better control and enhance the system's overall performance enabling quick responses towards altering feed conditions.
#CentrifugeProcurement #IndustrialCentrifuge #ProcurementIntelligence #SupplyChainManagement #ProcurementInsights #CategoryManagement #StrategicSourcing #ProcurementTrends #SupplierManagement #ProcurementStrategy
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The industrial centrifuge category is expected to grow at a CAGR of 4.43% from 2023 to 2030. The growing demand for centrifuges from the process industries such as chemical, food, metal, mining, pharmaceutical, and biotechnology is expected to drive the category growth. Throughout the forecast period, a growing improvement in the wastewater management industry and technological advancements are expected to have positive effects on the category.
The North American region accounts for the largest category share. The high demand for crude oil, the massive amount of shale oil and gas drilling operations, a thriving food processing industry, technological advancements, government support to manage wastewater and initiatives to create novel centrifugation systems are all the factors that have contributed to the success of this region.
With the help of new technologies, the chemical industry is constantly utilizing industrial centrifuges for the separation process. Technological developments in this category include chemical separation technology and decanter centrifuge technology. The decanter centrifuge technology aims to provide the decanter's internal separation process to have better control and enhance the system's overall performance enabling quick responses towards altering feed conditions.
#CentrifugeProcurement #IndustrialCentrifuge #ProcurementIntelligence #SupplyChainManagement #ProcurementInsights #CategoryManagement #StrategicSourcing #ProcurementTrends #SupplierManagement #ProcurementStrategy
06:12 AM - May 20, 2024 (UTC)
Procurement of Packaging Design Services for FMCG and Retail Brands 2023-2030
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The packaging design services category is anticipated to grow at a CAGR of 4% from 2023 to 2030. The packaging industry is witnessing a shift toward sustainable packaging to optimize the amount of material used. Corporate Social Responsibility (CSR) has come into the spotlight to improve brand perception in recent years. Companies are now adopting "rightsizing" as part of their CSR initiatives.
This is the practice to reduce overall packaging size, fill material, and paper waste through conscious packaging design choices. In addition, the growing demand for personalization and the rise of e-commerce are driving the growth of the category. With increased digitization and the rapid rise in adoption of the work-from-home model, large companies are now engaging with multiple stakeholders to create efficient packaging designs.
#PackagingDesignServices #ProcurementIntelligence #StrategicSourcing #SupplierManagement #CostOptimization #MarketInsights #ProcurementTrends #SupplierSelection #SustainableProcurement #ProcurementStrategy
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The packaging design services category is anticipated to grow at a CAGR of 4% from 2023 to 2030. The packaging industry is witnessing a shift toward sustainable packaging to optimize the amount of material used. Corporate Social Responsibility (CSR) has come into the spotlight to improve brand perception in recent years. Companies are now adopting "rightsizing" as part of their CSR initiatives.
This is the practice to reduce overall packaging size, fill material, and paper waste through conscious packaging design choices. In addition, the growing demand for personalization and the rise of e-commerce are driving the growth of the category. With increased digitization and the rapid rise in adoption of the work-from-home model, large companies are now engaging with multiple stakeholders to create efficient packaging designs.
#PackagingDesignServices #ProcurementIntelligence #StrategicSourcing #SupplierManagement #CostOptimization #MarketInsights #ProcurementTrends #SupplierSelection #SustainableProcurement #ProcurementStrategy
08:24 AM - May 15, 2024 (UTC)
Catering Service Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
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The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The necessity to consume food, ideally nutritious food, at the workplace and increased demand from social & wedding events are the main factors driving this category. In the corporate world, having a reputable catering service is essential to attract new hires by giving them a high-end experience in hospitality whereas, during a business event, the corporate catering service providers & professionals assist in building the company's reputation among clients.
The global catering service category size was valued at USD 110.0 billion in 2022. One of the main factors driving the market growth is the increasing demand for convenience. Many consumers are looking for services that offer easy ordering and delivery options, as well as menu options that can be customized to meet their specific needs. Due to the region's growing population and growing demand for industrial players in the organized sector, catering services are in high demand throughout the Asia Pacific.
The rise of the catering sector is mostly driven by the rising popularity of internet catering. New habits are becoming reinforced and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of causes, including changing food preferences, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business.
#CateringProcurement2030 #ProcurementIntelligence #CateringServiceTrends #ProcurementInsights #CateringIndustryAnalysis #ProcurementStrategy #SourcingSolutions #CostOptimization #SupplierManagement #ProcurementReport2023 -2030
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The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The necessity to consume food, ideally nutritious food, at the workplace and increased demand from social & wedding events are the main factors driving this category. In the corporate world, having a reputable catering service is essential to attract new hires by giving them a high-end experience in hospitality whereas, during a business event, the corporate catering service providers & professionals assist in building the company's reputation among clients.
The global catering service category size was valued at USD 110.0 billion in 2022. One of the main factors driving the market growth is the increasing demand for convenience. Many consumers are looking for services that offer easy ordering and delivery options, as well as menu options that can be customized to meet their specific needs. Due to the region's growing population and growing demand for industrial players in the organized sector, catering services are in high demand throughout the Asia Pacific.
The rise of the catering sector is mostly driven by the rising popularity of internet catering. New habits are becoming reinforced and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of causes, including changing food preferences, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business.
#CateringProcurement2030 #ProcurementIntelligence #CateringServiceTrends #ProcurementInsights #CateringIndustryAnalysis #ProcurementStrategy #SourcingSolutions #CostOptimization #SupplierManagement #ProcurementReport2023 -2030
07:41 AM - May 14, 2024 (UTC)
Category Management in Personal Protective Equipment Procurement
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The Personal Protective Equipment (PPE) category is expected to grow at a 6.7% CAGR from 2023 to 2030. Factors such as strong growth in end-use industries such as chemicals, healthcare, construction, and manufacturing, and increasing demand due to a rise in product innovation in PPE design, materials such as polyolefins, polyamides, and ultrahigh-molecular-weight polyurethane, and manufacturing processes to increase end-use adoption are fueling the category growth. The demand for smart PPE, which increases worker safety, is one of the key trends in the market.
The global Personal Protective Equipment (PPE) market size was valued at USD 78.30 billion in 2022. The global category includes many segments such as hand protection, protective clothing, eye protection, protective footwear, respiratory protection, and others. The biggest segment is hand protection, followed by protective garments. More than 80% of the sales come from these four major sectors - hand protection, protective clothing, protective footwear, and respiratory protection. The North American region now holds a market share of more than 30%, followed by APAC and Europe. The APAC personl protective equipment category is expected to witness the fastest growth.
#PPEProcurement #ProcurementIntelligence #PPEInsights #ProcurementReport #PPEProcurementTrends #SupplyChainManagement #PPEForecast #ProcurementStrategy #PPECategory #Procurement2023 -2030
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The Personal Protective Equipment (PPE) category is expected to grow at a 6.7% CAGR from 2023 to 2030. Factors such as strong growth in end-use industries such as chemicals, healthcare, construction, and manufacturing, and increasing demand due to a rise in product innovation in PPE design, materials such as polyolefins, polyamides, and ultrahigh-molecular-weight polyurethane, and manufacturing processes to increase end-use adoption are fueling the category growth. The demand for smart PPE, which increases worker safety, is one of the key trends in the market.
The global Personal Protective Equipment (PPE) market size was valued at USD 78.30 billion in 2022. The global category includes many segments such as hand protection, protective clothing, eye protection, protective footwear, respiratory protection, and others. The biggest segment is hand protection, followed by protective garments. More than 80% of the sales come from these four major sectors - hand protection, protective clothing, protective footwear, and respiratory protection. The North American region now holds a market share of more than 30%, followed by APAC and Europe. The APAC personl protective equipment category is expected to witness the fastest growth.
#PPEProcurement #ProcurementIntelligence #PPEInsights #ProcurementReport #PPEProcurementTrends #SupplyChainManagement #PPEForecast #ProcurementStrategy #PPECategory #Procurement2023 -2030
08:29 AM - May 16, 2024 (UTC)
Industrial Valves Procurement Intelligence Report, 2023 - 2030 |
The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030. The growth in the category is mainly driven by the rising usage of valves in power, oil & gas, metalworking, and chemical industries. To keep up with the growing demand, valve producers must lower fabrication costs while keeping up with the industry’s trends and innovation. Innovations such as control valves, smart valves, automatic valves, and valves with integrated electronics are expected to drive the category demand.
Automatic valves encompassing electric, hydraulic, pneumatic, solenoid, and digital mechanisms are increasingly favored by manufacturing facilities seeking unmanned operations with precise flow control. The primary benefit associated with automatic valves lies in their advanced preventive maintenance capability, effectively reducing the frequency of operational disruptions compared to traditional valves.
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#IndustrialValvesProcurement #ValvesSupplyChain #ProcurementExcellence #StrategicSourcing #SupplierManagement #CategoryIntelligence #CostOptimization #ProcurementStrategy #ValueGeneration #ProcurementBestPractices
The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030. The growth in the category is mainly driven by the rising usage of valves in power, oil & gas, metalworking, and chemical industries. To keep up with the growing demand, valve producers must lower fabrication costs while keeping up with the industry’s trends and innovation. Innovations such as control valves, smart valves, automatic valves, and valves with integrated electronics are expected to drive the category demand.
Automatic valves encompassing electric, hydraulic, pneumatic, solenoid, and digital mechanisms are increasingly favored by manufacturing facilities seeking unmanned operations with precise flow control. The primary benefit associated with automatic valves lies in their advanced preventive maintenance capability, effectively reducing the frequency of operational disruptions compared to traditional valves.
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#IndustrialValvesProcurement #ValvesSupplyChain #ProcurementExcellence #StrategicSourcing #SupplierManagement #CategoryIntelligence #CostOptimization #ProcurementStrategy #ValueGeneration #ProcurementBestPractices
07:38 AM - Apr 03, 2024 (UTC)
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Facial Rejuvenation Products Industry: Market Segmentation and Growth Forecast (2023-2030)
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The global facial injectable market size was estimated at USD 12.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred.
Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at home. Thus, the market has witnessed a spike during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan, Sinclair Pharma, and Galderma with a comprehensive injectable fillers portfolio treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, scars, restoring facial fullness as well as enhancing facial contours is expected to drive the demand for facial injectable procedures thereby boosting market revenue. Factors such as the increasing social media exposure, rising effectiveness, and approvals for facial injectables, and the escalating desire among the population to look aesthetically appealing and young are expected to drive the market growth during the forecast period.
#AdvertisingProcurement #ProcurementIntelligence #StrategicSourcing #AdvertisingInsights #ProcurementReport #MarketForecast #SupplyChainManagement #ProcurementStrategy #CostEfficiency #FutureTrends
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The global facial injectable market size was estimated at USD 12.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred.
Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at home. Thus, the market has witnessed a spike during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan, Sinclair Pharma, and Galderma with a comprehensive injectable fillers portfolio treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, scars, restoring facial fullness as well as enhancing facial contours is expected to drive the demand for facial injectable procedures thereby boosting market revenue. Factors such as the increasing social media exposure, rising effectiveness, and approvals for facial injectables, and the escalating desire among the population to look aesthetically appealing and young are expected to drive the market growth during the forecast period.
#AdvertisingProcurement #ProcurementIntelligence #StrategicSourcing #AdvertisingInsights #ProcurementReport #MarketForecast #SupplyChainManagement #ProcurementStrategy #CostEfficiency #FutureTrends
07:56 AM - May 21, 2024 (UTC)
