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Textile Colorant Market Research Report to 2028 | Industry Size, Growth Share, Future Trends, Price, Top Key Players Review, Business Opportunities, Demand and Global Analysis by Forecast to 2028
The global textile colorant market is set to gain impetus from the high demand for natural dyes over synthetic ones because of their beneficial properties. They do not have carcinogenic & toxic chemicals, are itch-resistant, renewable, and have excellent UV absorption capacity. Various prominent boutiques and fashion houses are hence opting for these dyes for the manufacturing of their products. In May 2021, for instance, Akané Studio introduced a wide range of naturally dyed fabrics in the Indian market. This information is given by Fortune Business Insights™ in a report, titled, “Textile Colorant Market, 2021-2028.” As per the report, the market size was USD 9.16 billion in 2020. It is projected to grow from USD 9.42 billion in 2021 to USD 13.24 billion in 2028 at a CAGR of 5.0% during the forecast period.

COVID-19 Pandemic: Halt of Production and Order Cancellations are Impacting Growth

The COVID-19 pandemic has taken a huge toll on the textile dyes and pigments industry because of the strict lockdown measure implemented by governments in major manufacturing countries, such as Bangladesh, China, Brazil, and India. It further resulted in the halt of production processes. At the same time, numerous garment companies are facing financial losses as buyers are cancelling their orders. Additionally, big brands have gone bankrupt and are therefore delaying deadlines of payment confirmations. We are providing in-depth research reports to help you at such a difficult phase with your business.


Report Coverage-

Our research report aims to estimate the future growth potential and size of the textile colorant industry. It covers factors influencing growth, such as industry-specific challenges, opportunities, restraints, and drivers. The report also involves extensive secondary sources, databases, and directories, such as Health & Safety Council of North America (SEHSC), Bloomberg, Silicone Industry Association of Japan (SIAJ), Factiva, Hoovers, and Chemical Weekly.

Drivers & Restraints-

Availability of Unique Housing Benefits and High Spending Capacity to Boost Growth

The high demand for living spaces across the globe owing to the surging population is set to propel the textile colorant market growth in the upcoming years. Regulatory bodies nowadays are implementing novel housing benefits for citizens, such as home loan reduction schemes. Hence, many people prefer to buy and decorate their houses. They are majorly opting for the services of interior designers and architects for creating a cutting-edge identity for their homes.

Regional Insights-

Presence of GAP, Adidas, Nike, and Calvin Klein to Help North America Grow

Geographically, Asia Pacific earned USD 4.24 billion in terms of revenue in 2020. It is estimated to remain at the forefront in the near future because of the availability of cheap labor and raw material. In North America, on the other hand, the presence of reputed clothing brands, such as Reebok, Nike, GAP, Adidas, Calvin Klein, and Hanes would propel the demand for textile colorant. Europe is expected to showcase significant growth on account of the ongoing infrastructure renovation activities.

Browse Summary

https://www.fortunebusinessins....ights.com/textile-co

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Battery Materials Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026
The global battery materials market size is expected to reach USD 60.61 billion by 2027 while exhibiting a CAGR of 5.9% between 2020 and 2027. This is attributable to the increasing demand for electric vehicles and the favorable government regulations that promote the adoption of green energy sources that will favor the adoption of advanced battery materials across the globe. This information is published by Fortune Business Insights, in its latest report. The report further mentions that the market stood at USD 47.75 billion in 2019 and is projected to gain momentum in the forthcoming years.


DRIVING FACTORS

Increasing Demand for Electric Vehicles to Promote Growth

The stringent government regulations to limit the emission norms are propelling the demand for advanced electric vehicles. The EVs consists of battery materials such as Li-ion batteries that are stable and can be recharged several hundred times. Additionally, they posses high energy density, along with excellent voltage capacity, compared to other rechargeable batteries. Therefore, the increasing focus on developing energy-efficient automotive by the manufacturers is expected to contribute to the growth of the global battery materials market in the forthcoming years.


REGIONAL INSIGHTS

Increasing Consumer Spending on Electric Vehicles in Asia-Pacific to Favor Growth

Among all the regions, Asia-Pacific stood at USD 18.39 billion in 2019 and is expected to hold the highest position in the global battery materials market during the forecast period. This is attributable to the rising consumer spending on electric vehicles in countries such as China, India, South Korea, and Japan in the region.

The market in Europe is expected to showcase considerable growth during the forecast period. This is ascribable to factors such as the growing adoption of advanced battery materials from automotive and electronics industries in countries such as Germany between 2020 and 2027.

COMPETITIVE LANDSCAPE:

Facility Expansion by Major Players to Develop Advanced Battery Products

The global battery materials market is fragmented by the presence of several major players that are focusing on expanding their facility to develop innovative battery materials to improve their efficiency and shelf life. Adoption of strategies such as merger and acquisition, collaboration, and partnership by key companies is further expected to contribute to the growth of the market in the forthcoming years.

Source:https://www.fortunebusinessins....ights.com/industry-r

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Additionally, it provides a futuristic perspective on various factors that are likely to boost Contact Center Software Market growth in the years to come. Besides, authors of the report have shed light on the factors that may hamper the growth of the Market.

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Tobacco Packaging Market Manufacturers | Size and Revenue | Business Share Forecast by Regions 2021-2027
The tobacco packaging market witnessed progressive growth in the past few years with the advent and the increasing popularity of smokeless tobacco firms worldwide. These products such as gutka, chewing tobacco, snus, snuff, and gum acts as substitutes for cigarettes and are smokeless. As per a recent report by Fortune Business Insights titled, “Tobacco Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Paper, Paperboard, and Others), By Packaging Type (Primary and Secondary), and Regional Forecast, 2020-2027,” this market is likely to rise at a CAGR of 3.0% and reach USD 20.45 billion by 2027 from USD 16.15 billion earned in 2019. The forecast period set for this market is between 2020 to 2027.


Drivers & Restraints-

Focus on Increasing Shelf life and Quality of Products to Promote Growth

The increasing consumption of tobacco products has propelled the need for tobacco packaging, thereby boosting the market. Besides this, the rising popularity of smokeless tobacco also augmented growth. Packaging is required for protecting the quality and authenticity of the product and to extend its shelf life. Specialty packaging products also protect the product from external temperatures or moistures. Therefore, the need for better packaging quality is expected to spur growth.

On the other side, tobacco consumption may lead to serious health issues such as mouth cancer, lung cancer, and others. Therefore, governments of various nations have imposed stringent laws imposed on tobacco production, packaging, and consumption.

Major Regional Analysis-

Asia Pacific Emerges Dominant Owing to Increasing Demand for Cigarettes

In 2019, Asia Pacific earned a revenue of USD 9.30 billion and emerged dominant with Japan, China, and India emerging as the largest manufacturing units. This growth is attributable to the increasing demand for cigarettes. Europe ranks second in the market with the UK, Germany, and Russia emerging as leading nations. However, this region may face challenges in terms of stringent tobacco regulations in the forecast years. Furthermore, the rising demand for chewing tobacco, cigars, cigarettes, and other products from nations such as Egypt, South Africa, and Turkey are likely to help the Middle East and Africa witness substantial growth in the coming years.


Competitive Landscape-

Players Focusing on Manufacturing of Attractive Packaging for Increasing Sales

The presence of many players have led to fragmented nature of the market. They have invested both in terms of finance and resources for the development of new technologies to produce various tobacco and tobacco packaging products. Players are mainly aiming at producing innovative packaging designs for advertising products as governments have restricted any kind of advertising for tobacco products. Attractive packaging will help players gain a strong foothold in the competition. Besides this, they are also adopting collaborative efforts such as mergers and acquisitions, product development, and geographical expansion for gaining a competitive edge in the market.

Information Source:

https://www.fortunebusinessins....ights.com/tobacco-pa