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In 2024, the global bottled water market increased by 30% to $41.9B for the first time since 2020, thus ending a three-year declining trend. Overall, consumption continues to indicate a deep contraction. Global consumption peaked at $153.9B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.
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According to Cognitive Market Research, The Global Trend brand market size in 2023 was XX USD billion and will grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.
The demand for trend brands is rising due to economic factors, disposable income, supply chain efficiency, and competition and brand differentiation.
Demand for below 22 L remains higher in the trend brand market.
The residential segment held the highest trend brand market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific trend brand market will experience the strongest growth until 2030.
Changes in Consumer Tastes and Lifestyle Choices to Direct Market Growth
The trend brand market is heavily influenced by basic forces such as changes in consumer tastes and lifestyle choices. These factors mostly determine the growth or collapse of the industry. Customer preferences are constantly changing due to a variety of causes, including socioeconomic trends, generational variations, and cultural developments. For trend brands to be relevant, they need to keep up with these changes.
For example, Gen Z and Millennials are very interested in ethical and sustainable products. The increasing demand for environmentally friendly apparel has resulted in trend brands incorporating sustainable practices into their production procedures. Furthermore, the emergence of influencer culture and social media has expedited trends, necessitating swift brand adaptation in order to maintain competitiveness. The COVID-19 epidemic further modified consumer tastes. A noticeable trend toward loungewear and comfy clothing was observed as more people worked from home. Trending brands had to modify their lineups to satisfy the growing consumer desire for comfort without compromising style.
Innovations in Technology to Indicate Market Growth
Innovations in technology have a significant influence on the trend brand market. These developments affect many facets of the sector, including marketing plans and production procedures. The way trend brands create and manufacture their goods has changed dramatically as a result of the use of new production technologies like automation and 3D printing. Increased customization, accuracy, and quicker production cycles are all made possible by it. This lowers expenses while also allowing firms to provide distinctive, limited-edition products, appealing to consumers by giving them a sense of exclusivity.
The emergence of digital platforms and e-commerce has revolutionized the way trend brands interact with their target customers in the marketing domain. In particular, social media is an effective tool for interacting with customers and promoting brands. Companies may use data analytics to improve their understanding of consumer behavior, target marketing campaigns, and enhance their product offers by using real-time feedback. The virtual reality (VR) and augmented reality (AR) technologies are also improving the online buying experience. Virtual try-on capabilities for apparel and accessories help customers feel more confident about their selections and alleviate some of the negative aspects of online buying.
Market Dynamics of the Trend brand
Variations in Consumer Spending to Hinder Market Growth
Consumer spending is directly impacted during times of global financial crisis or economic recession. Consumer discretionary spending tends to fall during economic downturns, which can be detrimental to trend brands that depend on disposable money and consumer confidence. A spike in inflation can result in greater manufacturing costs, which are then frequently transferred to customers as higher pricing. Customers may become less able to afford items from trend brands as a result, which may cause them to be pickier about what they buy. Trend brands are susceptible to currency swings if they source materials or products from other countries. Variability in exchange rates can have an impact on manufacturing costs, which may lead to lower profit margins or the need to modify prices, both of which can have an impact on sales.
Impact of COVID-19 on the Trend Brand Market
The COVID-19 pandemic has significantly impacted the market for trend brands. Due to economic uncertainty, it first resulted in lower consumer spending, which affected industry sales. However, as more people started shopping online, e-commerce became more popular....
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In May 2025, the global rebar market showed volatility due to weak demand and seasonal slowdowns in construction. While China and Turkey saw slight price increases, other regions experienced pressure on prices.
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For the third year in a row, the global polypropylene in primary forms market recorded decline in sales value, which decreased by -0.3% to $103.5B in 2024. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $119.5B. From 2022 to 2024, the growth of the global market remained at a somewhat lower figure.
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The global logistics market size was valued at USD 11.26 Trillion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to reach a valuation of USD 20.74 Trillion by 2034.
The global logistics market is a backbone of international trade and commerce, facilitating the movement of goods across countries and continents. Its significance lies in enabling supply chain efficiency, reducing delivery times, and lowering operational costs for businesses. As per the data by World Trade Organization (WTO), global merchandise trade volume grew 2.6% in 2024 and is expected to grow 3.3% in 2025. With globalisation and e-commerce growth, logistics has become essential for meeting consumer expectations of fast, reliable, and cost-effective delivery. This sector supports multiple industries, from manufacturing to retail, and directly influences economic development and competitiveness worldwide.
Additionally, investments in roads, railways, aviation, shipping, and inland waterways play a crucial role in boosting the demand of logistics market. In May 2025, in Africa, Ivory Coast's port operator is investing over €60 million to develop inland logistics hubs in regions like Ferkessedougou, Bouaké, and San Pedro. This initiative seeks to decentralize logistics operations, alleviate congestion at the Abidjan port, and strengthen the country's role as a regional transport hub for landlocked nations.
Governments all throughout the world are starting to impose emission limits, carbon taxes, and incentives for the adoption of environmentally friendly technologies. The Carbon Border Adjustment Mechanism (CBAM), which levies a carbon tax on imported commodities based on their carbon intensity, was put into place by the European Union in 2023. Other factors that are predicted to positively influence the logistics market revenue include constant technological advancements, the integration of biometrics, increasing international trade agreements, Bluetooth, driverless vehicle, GPS, and drone delivery.
During a November 2024 survey among marketers worldwide, 63 percent of respondents included generative artificial intelligence (GenAI) among the most important consumer trends they were watching for in 2025. Connected TV (CTV) and streaming followed closely, mentioned by 56 percent, while TikTok and social video rounded up the top three with a share of 51 percent. Generative AI in marketing Next to effective use cases of AI, such as aligning web content with search intent and improving the consumer experience on websites, AI tools in marketing are used for creative production. For example, influencers worldwide stated they were using tools such as Canva and DALL-E to generate images for their social media accounts. Moreover, entire ad campaigns exist that have been produced by prompting generative AI for creative purposes. TikTok for marketing The short-video format of TikTok has taken the scene by storm. In 2023, the Chinese platform generated solid engagement rates for all the various influencer tiers – from nano to mega. As of April 2023, TikTok was the leading global unicorn – a start-up company with a value of over one billion U.S. dollars –followed by Musk’s SpaceX. However, multiple worldwide ban discussions revolve around the social media due to its highly engaging, or as some may deem addictive, character.
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According to Cognitive Market Research, the global IT spending market size is USD 4251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 1700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1275.3 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 977.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 212.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 85.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Increasing AI Investments to Drive the Market Growth
Growth in overall IT spending is being supported by investments in AI more widely, which is projected to drive the market growth during the forecast period. Businesses' investments in projects aimed at optimising organisational efficiency are mostly to blame for this. Furthermore, AI may have an even more profound and quick economic impact on IT spending which is propelling the market growth. Businesses in both established and emerging industries stand to gain from the fusion of human and machine intelligence. AI productivity advances have the potential to increase business profits and wages. By taxing greater salaries of both employees and businesses, it might even strengthen government finances. The innovation of artificial intelligence (AI) may lead to shifts in market leadership, global economic growth, and investment opportunities as organisations throughout the world implement the technology.
Increasing Spending on the Cloud to Propel the Market Growth
Rising spending on cloud by market players anticipated driving the market growth during the forecast period. Growing performance and efficiency, greater flexibility and dependability, and a reduction in IT expenses are all provided by the cloud. Additionally, it enhances innovation, enabling businesses to launch more quickly and integrate AI and machine learning use cases into their plans. In addition, acquire more in-depth knowledge about expenditure and cloud utilisation in a multicloud setting. Market players able to spot chances for cost savings as well as underutilised and wasted resources which is one of the factor which is fuelling the market growth. Comprehensive understanding of how a company employs cloud resources for various business divisions. This makes it possible to centrally tag cloud resources across providers for improved resource management.
Market Restraints of the IT Spending Market
High Implementation and Maintenance Costs:
Despite the long-term benefits of IT systems, the initial capital investment required for infrastructure setup, software licensing, integration, and skilled personnel can be substantial—especially for small and medium enterprises (SMEs). Additionally, ongoing maintenance, cybersecurity upgrades, and technical support add to the total cost of ownership, often leading businesses to delay or scale back their IT spending.
Rapid Technological Obsolescence:
The fast pace of innovation in IT—such as the frequent emergence of new hardware, software, and digital tools—creates a challenge for organizations to keep up. Technology becomes outdated quickly, leading to a shortened lifecycle for IT assets. This rapid obsolescence can deter organizations from making large-scale IT investments, as they fear their systems will become irrelevant or incompatible within a short timeframe.
Impact of Covid-19 on the IT Spending Market
Some industries were affected by the COVID-19 pandemic because of supply chain difficulties, workforce shortages, and lockdowns. The COVID-19 epidemic has severely impacted the Indian economy, bringing with it a host of new challenges that point to a significant shift in the dynamics of the market. People's spending patterns were seen to shift from indulgence to hoarding throughout the pandemic.
COVID...
The value of the DJIA index amounted to ********* at the end of March 2025, up from ********* at the end of March 2020. Global panic about the coronavirus epidemic caused the drop in March 2020, which was the worst drop since the collapse of Lehman Brothers in 2008. Dow Jones Industrial Average index – additional information The Dow Jones Industrial Average index is a price-weighted average of 30 of the largest American publicly traded companies on New York Stock Exchange and NASDAQ, and includes companies like Goldman Sachs, IBM and Walt Disney. This index is considered to be a barometer of the state of the American economy. DJIA index was created in 1986 by Charles Dow. Along with the NASDAQ 100 and S&P 500 indices, it is amongst the most well-known and used stock indexes in the world. The year that the 2018 financial crisis unfolded was one of the worst years of the Dow. It was also in 2008 that some of the largest ever recorded losses of the Dow Jones Index based on single-day points were registered. On September 29, 2008, for instance, the Dow had a loss of ****** points, one of the largest single-day losses of all times. The best years in the history of the index still are 1915, when the index value increased by ***** percent in one year, and 1933, year when the index registered a growth of ***** percent.
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The global leggings market size was USD 37.19 Billion in 2023 and is likely to reach USD 63.26 Billion by 2032, expanding at a CAGR of 6.08% during 2024–2032. The market growth is attributed to the rising population of working women and increasing consumer interest in fitness and wellness.
Increasing consumer interest in fitness and wellness is expected to boost the demand for leggings. Leggings are comfortable and flexible and come with features such as compression and moisture-wicking, making them ideal for various fitness activities such as yoga, running, and gym workouts. This encourages people who prefer fitness and wellness to invest in leggings. Thus, the rising consumer interest in fitness and wellness is propelling the market.
Leggings are widely becoming popular among women as they may be worn for a variety of activities, from working out to lounging at home, to running errands, or even dressed up for a night out. They further may be paired with different types of tops, shoes, and accessories for various looks. This encourages women to add leggings to their wardrobes. Additionally, leggings may be worn all year round and create a flattering silhouette, which increases their demand among people, especially women.
Artificial Intelligence (AI) is reshaping the leggings market in numerous ways. AI algorithms analyze customer data to understand individual preferences and buying habits, allowing brands to offer personalized product recommendations. This level of customization enhances the shopping experience and leads to increased customer loyalty and sales. AI optimizes the use of materials, reducing waste and improving efficiency. Additionally, AI-powered predictive analytics help brands forecast demand accurately, ensuring they have the right inventory levels to meet customer needs. This reduces costs associated with overstocking or understocking and improves overall business performance. AI further automates routine tasks, freeing up staff to focus on strategic activities. Thus, the integration of AI in the market operations is not just a trend, but a strategic necessity for brands aiming to stay competitive in the evolving retail landscape.
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For the third consecutive year, the global millet market recorded growth in sales value, which increased by 1.3% to $14.1B in 2024. The market value increased at an average annual rate of +3.2% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in the immediate term.
The global natural gas price index stood at 182.56 index points in May 2025. Natural gas prices decreased that month as heating fuel demand continued to fall. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.
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The Global Biofuels Market size is expected to grow at a CAGR of 6.3% to reach USD 245.29 Billion by 2032 from USD 142.91 Billion in 2024.
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According to Cognitive Market Research, the global Poultry Feed Market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.
Asia Pacific held the largest share of the global Poultry Feed market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
North America held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Market Dynamics of the Poultry Feed Market
Key Drivers of the Poultry Feed Market
The growing global consumption of poultry significantly drives the market
Poultry has become a staple food in many parts of the world, because of its high protein content, affordability, and variety. In addition, the growing societal trend toward meat consumption and the producers' vigorous marketing campaigns have greatly increased the demand for poultry goods. This increase extends beyond traditional cuts of meat to processed foods like nuggets, sausages, and other convenience items made with chicken. The need for high-quality chicken feed rises as a result of the increased pressure on poultry farms to boost production due to the increased consumer interest. The growing demand for feed also highlights quality because buyers are looking for goods that are sourced ethically and healthily. Furthermore, high-quality feeds that improve meat quality, lower illness rates, and comply with stringent food safety laws are being invested in by poultry farms.
• For Instance: On Feb 17, 2024 – According to FAO and OECD projections, poultry meat consumption worldwide was expected to experience the highest growth by 2032. This increase, estimated at 15% over the next decades, was attributed to various factors, including price.
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Growing demand for organic meat
Concerns about food safety have raised demand for premium poultry feed, which is necessary to assure the safety of the meat. Another element driving the expansion of the poultry feed industry is the growing awareness among farm owners of the significance of keeping a healthy animal diet. They are therefore moving from regular chicken feed to functional and premium kinds that not only increase the animals' resistance to enzootic diseases but also lower the danger of infections, injuries, metabolic problems, and acidosis. The industry's future is also bright because of the growing demand for organic meat from consumers in developed countries, as well as the adoption of innovative methods for animal husbandry and stringent farming regulations.
Restraint of the Poultry Feed Market
The high cost of basic materials may hamper the market
The price of feed ingredients such as grains, soybean meal, and other raw materials affects the poultry feed industry. The effects of the poultry industry on the environment are being intensively studied, with a focus on waste management and emissions. Concerns about pollution and resource usage lead to more regulations and greater production prices. Poultry operations are susceptible to sickness epidemics and outbreaks of avian influenza. Trade restrictions, lower output, and bird culling may generate significant financial losses as a result of these epidemics. The price volatility of these commodities may result in increased production costs and decreased profit margins for manufacturers of poultry feed.
• For Instance: On Apr 3, 2024 – Egypt witnessed fluctuations in poultry feed and feed raw material prices, with broiler feed prices oscillating between 22,000 and 25,200 pounds. This variation in prices also affected feed for other animals ...
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According to Cognitive Market Research, the global Seasonings and spices market size will be USD 38549.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 15419.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11564.76 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8866.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1927.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 770.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The whole held the highest Seasonings and spices market revenue share in 2024.
Market Dynamics of Seasonings and spices Market
Key Drivers for Seasonings and spices Market
Expansion of food service industry to increase the demand globally
The expansion of the food service industry is a key driver for the global demand for seasonings and spices. With the proliferation of restaurants, cafes, fast-food chains, and catering services, there is a significant increase in the consumption of these ingredients. Food service establishments constantly seek unique and high-quality seasonings to enhance their offerings and cater to diverse consumer tastes. Additionally, the trend of dining out and the popularity of international cuisines fuel this demand. As the industry grows, it fosters innovation and variety in spice products, making them an essential component in the global culinary landscape.
Innovative product offerings to propel market growth
Innovative product offerings are pivotal in propelling market growth for seasonings and spices. Companies continuously develop new blends, organic options, and health-focused products to meet evolving consumer preferences. These innovations cater to the growing demand for unique flavors, convenient cooking solutions, and healthier alternatives. Enhanced packaging, such as resealable and portion-controlled options, adds to consumer convenience. Moreover, creative marketing strategies and collaborations with chefs and food influencers further boost product visibility and appeal. By focusing on innovation, manufacturers can differentiate their products, capture a larger market share, and drive the overall growth of the seasonings and spices market.
Restraint Factor for the Seasonings and spices Market
Changing consumer preferences to limit the sales
Changing consumer preferences can limit sales in the seasonings and spices market. As dietary trends evolve, some traditional spices may fall out of favor, impacting demand. For example, increased interest in low-sodium or sugar-free diets can reduce the consumption of certain spice blends. Additionally, the rise of plant-based and alternative diets may shift preferences away from conventional seasonings. Consumers are also becoming more cautious about additives and artificial ingredients, prompting a decline in sales of non-natural products. Furthermore, cultural and regional shifts in flavor profiles can affect the popularity of specific spices, posing challenges for manufacturers to keep pace with diverse and dynamic market trends.
Impact of Covid-19 on the Seasonings and spices Market
The COVID-19 pandemic negatively impacted the seasonings and spices market. Disruptions in supply chains led to shortages of raw materials, causing price fluctuations and reduced availability. Lockdowns and restrictions affected the operations of spice producers and processors, leading to production delays. The closure of restaurants, hotels, and food service establishments significantly decreased the demand for bulk spices. Additionally, economic uncertainties and reduced consumer spending power shifted priorities away from premium and exotic spices. International trade restrictions further hampered the import and export of spices, exacerbating supply issues. Thes...
This dry construction market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dry construction market segmentation by end-user (residential building and commercial building) and geography (North America, Europe, APAC, MEA, and South America). The dry construction market report also offers information on several market vendors, including Armstrong World Industries Inc., Boral Ltd., Compagnie de Saint-Gobain SA, CSR Ltd., Etex NV, Fletcher Building Ltd., Grupo Promax, Knauf Gips KG, Pacific Coast Building Products Inc., and Xella International GmbH among others.
What will the Dry Construction Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Dry Construction Market Size for the Forecast Period and Other Important Statistics
Dry Construction Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in global construction and infrastructure development activities is notably driving the dry construction market growth, although factors such as higher cost of dry construction than conventional constructions methods in developing regions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dry construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Dry Construction Market Driver
The rise in global construction and infrastructure development activities is one of the key factors driving the global dry construction market growth. The growing demand for public infrastructure in emerging economies, such as India and China, is contributing to the growth of the construction industry in these economies. Many new hospitals, educational institutions, stadiums, indoor sports complexes, malls, and mega shopping centers have been built in the past few years because of the growing population and the increasing per capita income of individuals. Government initiatives and major investments in new projects have further boosted the growth of the construction industry. Under this mission, the government is also expected to build new water storage facilities, power infrastructure, and social infrastructures, such as indoor sports complexes, livelihood centers, and community centers. Hence, there is a wide scope for utilizing dry construction techniques in these newly constructed buildings owing to their cost-effectiveness and flexibility. Thus, the above construction and infrastructure development activities are expected to raise the demand exponentially for dry construction during the forecast period.
Key Dry Construction Market Trend
The rising demand for luxury vinyl tile (LVT) flooring will fuel the global dry construction markets growth. LVT is produced by fusing several layers of vinyl and composites, and then the required design is printed on it using advanced printing and embossing technology. The production method of LVTs grants it greater durability than VCT, SVT, or mosaic tiles. This also allows manufacturers to produce high-quality floor tiles in various designs, such as natural hardwood, stone, and other non-conventional shapes and geometric designs. LVT flooring is currently available in tile and plank form factors. The tiles come in either self-adhesive type or locking type, which does not require additional flooring adhesive for installing the tiles. The ease of installation of LVT has made it very popular among builders, professional installers, and even do-it-yourself (DIY) enthusiasts. Most of the major dry flooring product companies have already introduced a wide variety of LVT products in the market, and other companies are expected to follow this trend, as the demand for LVT flooring is growing among the customers. Some of the major brands of LVT available in the market are Adura by Mannington Mills, Alterna by Armstrong, and Allura by Forbo Flooring Systems.
Key Dry Construction Market Challenge
The higher cost of dry construction than conventional construction methods in developing regions is a major challenge for the global dry construction market growth. Dry constructions require prefabricated panels and structures that are made in factories using advanced techniques. Moreover, the wood or gypsum used as a base in wallboards and partitions may not be available in abundance in all countries. This makes the raw materials for
The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.
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According to Cognitive Market Research, The Global Consumer Electronics market size is USD 742.6 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.
The demand for smartphones is rising because smartphones enable a wide range of services, including texting, web surfing, multimedia playback, mobile payments, and real-time access to data.
Demand for laptops & notebooks consumer electronics remains higher due to their small stature and low weight, and users may take their computing resources with them wherever they go.
The increasing demand for online distribution channels in consumer electronics. Because of the widespread availability and convenience of online distribution channels, consumers worldwide may buy them from anywhere they choose.
Asia-Pacific will continue to lead, whereas the North American smartphone market will experience the most vigorous growth until 2030.
Market Dynamics Of the Consumer Electronics
Key Drivers for Consumer Electronics
Stringent Rules And Restrictions In The Consumer Electronics Market to Hinder Market Growth: The highly regulated electronics market may hamper growth in the consumer electronics sector. It includes norms for production, security, efficiency, and ecology. The commodities are produced and distributed by national and regional laws, rules, and certification requirements. The electronic products must also abide by the rules and regulations of the country or region where they will be sold. As concern for the environment grows in more regions of the world, governments are putting more of a regulatory emphasis on developing products that use less energy in their operation. Another challenge that companies in this sector confront is figuring out how to have their electrical products certified as energy efficient. Suppliers often need help to comply with such a stringent regulatory framework. This factor hampered the consumer electronics global market during the forecast period.
Key Restraints for Consumer Electronics
One of the primary restraints in the consumer electronics market is the increasingly stringent regulatory environment that manufacturers must navigate. Countries and regions around the world are enforcing stricter regulations related to product safety, environmental sustainability, energy efficiency, and electronic waste management. Compliance with certifications such as RoHS, WEEE, ENERGY STAR, and CE often involves extensive testing, documentation, and redesign, all of which add complexity and cost to production cycles. These challenges are particularly burdensome for small and mid-sized manufacturers who may lack the resources to quickly adapt. Furthermore, frequent changes in regulations and regional disparities in compliance standards create logistical hurdles in product distribution, slowing down time-to-market and limiting global scalability. As governments prioritize sustainability and eco-friendly practices, manufacturers face the dual pressure of innovating rapidly while staying compliant—potentially hindering growth and profit margins across the sector.
Key Trends for Consumer Electronics
The global market for consumer electronics is expanding because the growth of the IoT, AI, and 5G connectivity, among other breakthroughs and technological advancements, have been major forces propelling the consumer electronics industry. Products with cutting-edge specs and nifty new additions sell well. Therefore, consumer electronics sales are anticipated to increase during the anticipated period.
For instance, the market leader in consumer electronics in India, Samsung, released its newest portable solid-state drive (SSD), the T9. It has storage capacities of up to 4 terabytes, offering the reliability and convenience its users want while providing lightning-fast data transfers and enough space for their data.
In addition, the number of Internet-enabled gadgets has been rising incredibly for years, and this trend is only expected to accelerate. Increases in disposable income across the globe have stimulated greater demand for consumer electronics. High-end smartphones, tablets, laptops, and other consumer electronic devices are becoming increasingly popular as people have more disposable income.
Increase in Use of Smart Gadgets Demand For Consumer Electronics Facilities are Expected To Propel Market Growth
The market f...
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According to cognitive market research-"Global Feeding System market size 2023 was XX Million. Feeding System Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
In 2023, hardware accounted for the majority of product segment share. Wearable devices, including as collars and radio frequency identification (RFID) tags with built-in sensors, are used in automated feeding systems. Farms also use smart cameras and GPS devices to track and manage livestock.
Over the forecast period, the conveyor belt system segment is estimated to account for the vast majority of the global feeding systems market.
During the projection period, poultry farms will earn a significant market share.
Europe is the largest shareholder in the global automated feeding systems market, and it is expected to develop at an XX% CAGR during the forecast period.
The Asia-Pacific market is expected to grow at the fastest CAGR. The increased demand for meat in this region has an impact on the automated feeding systems market.
Current scenario of the feeding system market
Key drivers of the Feeding System market
Rising demand for animal products is driving market expansion.
Global demand for meat, dairy, and other animal products is rising, necessitating more efficient and scalable farming techniques. Farmers can better fulfill expanding demand by handling larger livestock herds with computerized feeding systems. Demand for meat, dairy, and other animal products rises in tandem with global population growth. According to the United Nations Food and Agriculture Organisation (FAO), the global population is expected to reach 9.7 billion by 2050, resulting in a 70% increase in demand for animal products. Dietary changes, with a greater emphasis on animal protein, are commonly related with urbanization. One estimate is that between 2020 and 2050, the average worldwide demand for protein from red meat, poultry, dairy milk. https://www.fao.org/fileadmin/templates/wsfs/docs/Issues_papers/HLEF2050_Global_Agriculture.pdf
One estimate predicts that between 2020 and 2050, the average global demand for protein from red meat, poultry, dairy milk, and eggs will increase by 14% per person and 38% in total. According to the OECD FAO Agricultural Outlook 2021-2030, global meat protein consumption would rise 14% by 2030.
Furthermore, when salaries rise in many emerging countries, dietary trends shift towards increased consumption of animal protein. This pattern can be seen in Asia, Africa, and Latin America. Concerns about the environmental impact of cow production are also driving up demand for animal products. Automated feeding systems can help farm operations become more sustainable and environmentally friendly by enhancing efficiency and resource usage. The agriculture industry is under pressure to increase production in response to rising demand for animal products. The automated feeding systems market trend is critical in meeting this demand because it increases efficiency, reduces costs, and provides exact control over feeding procedures.
Constraints for the global Feeding System market
High initial investments limit market expansion.
The initial investment in automatic feeding systems may be large. This significant initial investment may be prohibitive for smaller or resource-constrained farms. Feeding systems demand a considerable initial investment. The price of an automated storage and retrieval system varies greatly. For example, a single Vertical Carousel Module can cost around USD 70,000, whereas a fully integrated ASRS mini-load system can cost more than USD 3 million. Aside from the equipment cost, there are installation fees, such as hiring professionals to set up and integrate automated feeding systems into existing farm infrastructure. This technique may need changes to existing facilities. Farmers and farmworkers may require training to effectively operate and maintain automated feeding systems. https://www.google.com/aclk?sa=l&ai=DChcSEwiFuJWuuM2FAxU3MYMDHYKYBbcYABAAGgJzZg&ase=2&gclid=Cj0KCQjwiYOxBhC5ARIsAIvdH53nGMV5In_xYGZ_PCdDcWo8nUxOhQOBhrCeoDBNTtjjRWTXmYI4T2QaAgQjEALw_wcB&sig=AOD64_3GPMis17BZD1EryQqWa23-RTrdDA&q&nis=4&adurl&ved=2ahUKEwjmrYiuuM2FAxUV1DgGHZniC78Q0Qx6BAgLEAM
Training programmes may incur s...
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