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.

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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.

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Web Hosting Services 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 web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services.

Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach involves an organization utilizing multiple cloud computing platforms to perform diverse tasks and processes. It liberates a company from depending entirely on a single cloud provider by offering the flexibility to involve multiple service providers. In this configuration, an organization can opt to utilize the top-performing services from each cloud provider. As of 2023, 90% of the large enterprises have adopted multi-cloud infrastructure.

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Corn Starch 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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This corn starch category is anticipated to grow at a CAGR of 6.60% from 2023 to 2030. North America is the leading market in this category primarily because of its large consumption of processed and convenient food products which is driven by a growing population and higher disposable incomes. In the Asia-Pacific region, rapid economic expansion and changing consumer lifestyles contribute to the fastest CAGR with China leading the market and India showing the highest growth rate in this category.

The category's growth is driven by its utilization as a thickening agent in the food industry, usage in garments, cosmetics, and pharmaceuticals, and the increasing demand for bioplastics. It finds extensive adoption in the paper, textiles, and adhesives industries and demand for clean-label starch in the food sector.

This category is highly fragmented with the presence of both global and regional players. Key players in the market employ strategies like acquisitions and new product development to consolidate their positions and optimize their offerings, with a strong emphasis on expanding manufacturing capacity and diversifying product lines.

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Tax Advisory Services 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 global tax advisory services category is anticipated to grow at a CAGR of 9.3% from 2023 to 2030. Key factors that drive this growth include the rising significance of risk management and compliance, focus on tax optimization and planning, growing intricacy of tax laws, rising number of international transactions, and advancements in technology. Compliance has been a key responsibility for firms due to stringent rules and increased scrutiny from tax authorities. Services offered in the category support business enterprises in lowering the risk of fines and legal proceedings by assisting them in ensuring compliance with tax laws and regulations. However, concerns such as the scarce supply of qualified professionals, challenges of security and privacy of data, and cost restraints for small & medium-sized businesses enterprises (SMEs) may hinder the category’s growth.

Due to improved money management and wise investment choices, the number of high-net-worth individuals (HNWIs) is rising globally. High-net-worth people also need extra services from wealth managers and financial advisors because of their significant holdings. For HNWIs, services offered in the category encompass assistance with trusts and estates, hedge funds, private equity firm access, and tax filing & advice. In addition, over 12.9% of clients of tax advisors are considered high net worth. HNWIs are also in great demand for tax consulting services because maintaining and preserving their assets requires more labor to manage their money. These people typically require individualized estate and tax planning assistance, among other services. Therefore, the continuous rise of HNWIs is fueling the category’s growth.
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Pipes, Valves and Fittings 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 pipes, valves, and fittings category is anticipated to grow at a CAGR of 10.1% from 2023 to 2030. The rising infrastructure projects in developing economies due to rapid industrialization and urbanization are fueling the demand for piping and fittings. Piping systems are essential in commercial, industrial, and residential settings to ensure efficient flow of fluids. Fittings are utilized to connect, change, and control the direction of the flow in the piping system. Rising demand for piping and fittings for such uses is anticipated to boost the category over the forecast period.

Companies are focusing on reducing carbon footprints through environmentally friendly and sustainable piping systems. Companies are using eco-friendly plumbing materials such as PEX (cross-linked polyethylene) and PVC (polyvinyl chloride) due to their resistance to corrosion and durability, along with long-lasting plumbing systems. Companies such as JM Eagle are involved in the manufacturing of environmental friendly plastic pipes. Additionally, low-flow fixtures are considered an important part of sustainable plumbing as they reduce water consumption without impacting performance.

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Lubricants & Greases Procurement Intelligence Report, 2023 - 2030 |

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The lubricants & greases category is anticipated to grow at a CAGR of 4.0% from 2023 to 2030. The growth is attributed to the rising trade of vehicles & spare parts and the demand for automotive oils. There is a significant increase in the utilization of eco-friendly industrial lubricants & greases due to rising environmental awareness which has resulted in the need of more energy-conserving and green industrial solutions. These solutions are made using organic, and biodegradable ingredients and they offer premium protection that increases the life of machinery and reduces waste. Additionally, determining the correct ISO viscosity grade and viscosity index while choosing industrial lubricants is also crucial as it is used to measure the stability, and flow resistance of the lubricants.

As the popularity of electric and hybrid vehicles continues to rise, there is a growing demand for lubricants that can minimize wear and protect vehicle electronics. The advancements in hybrid and electric car technology have led to new requirements for lubricants, such as enhanced fluidic performance, as well as improved electrical and thermal properties. However, achieving high performance and reliability in lubricants while maintaining the energy efficiency of electric and hybrid vehicles poses a significant challenge. This has spurred a need for extensive research to develop advanced lubricants that can enhance the energy efficiency of these vehicles.

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Vitamins & Dietary Supplements 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 global vitamins & dietary supplements category is anticipated to grow at a CAGR of 8.5% from 2023 to 2030. This growth can be attributed to factors such as the rising focus on preventive healthcare, and personalized nutrition, an increase in geriatric population, and a surge in demand for immunity-boosting products post the COVID-19 pandemic. A few of the key challenges faced by the category are an increased need for governmental intervention, threat of counterfeit supplements, and distrust of consumers regarding safety and effectiveness.

Vitamins & dietary supplements have end-use applications in pharmaceuticals, nutraceuticals, feed products, foods and beverages, and personal care products. These products contain dietary ingredients that are required to supplement the diet, such as vitamin subtypes (e.g., A, B, C, D, E, and K), minerals, amino acids, enzymes, and probiotics. For instance, Vitamin A supplements may be added to animal diets to ensure adequate supply, especially when livestock lack good pasture and green forages. Similarly, Vitamin D may be added to animal foods to prevent nutritional deficiencies that lead to diseases such as rickets.

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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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