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Market for Battery Energy Storage Systems (BESS) to Grow by a Whopping 21% through 2030, Bolstered by Increasing Energy Demand and Transition to Clean Energy Sources

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Industry Experts, Inc., has released its latest report on the Battery Energy Storage Systems (BESS) market . As per this global report, the market for BESS is estimated at US$13.7 billion in 2024 and projected to reach US$43.4 billion by 2030 at a 2024-2030 CAGR of 21.3%. Some of the factors instrumental in driving demand for Battery Energy Storage Systems include transition to clean energy, decreasing costs of batteries, increasing energy demand & grid strain, government initiatives & policies, enhanced grid reliability & resilience, technological advancements, growing adoption of electric vehicles (EVs), demand for energy independence & cost savings and rural electrification & off-grid solutions In addition to being the largest global market for Battery Energy Storage Systems , with an estimated 2024 share of 42.2%, Asia-Pacific is also slated to be the fastest growing, forecast to reflect a 2024-2030 compounded annual rate of 36.1%. A major factor ...

Agricultural Surfactants Global Market to Reach $2.6 billion by 2030

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Industry Experts, Inc., has published its latest report on the Agricultural Surfactants Market . As per this new report, the global agricultural surfactants market is valued at US$1.8 billion in 2024 and is expected to reach US$2.6 billion by 2030, registering a CAGR of 6.5% over the forecast period 2024-2030. The agricultural surfactants market is primarily driven by the growing demand for enhanced crop protection and increased agricultural productivity in response to rising global food requirements. Surfactants improve the efficiency of herbicides, pesticides, and fertilizers by enhancing their spread, penetration, and adhesion, thereby reducing chemical wastage and input costs. Raising farmer awareness about how surfactants enhance fertilizer efficiency, improve soil conditions, and minimize water drift also aids in market growth. The shift towards sustainable farming is driving the development of bio-based, biodegradable surfactants that comply with environmental regu...

Turbulence to Traction: Global Omega-3 Market Eyes Steady Growth Through 2030

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Industry Experts, Inc., has released its latest report on the Omega-3 Polyunsaturated Fatty Acids (PUFAs) Market . According to this new report, global value demand for Omega-3 PUFAs is projected to rise at a CAGR of 2.4% between 2024 and 2030 reaching US$2.54 billion by 2030 from an estimated US$2.2 billion in 2024. In volume terms, consumption of Omega-3 ingredients worldwide is forecast to reach close to 200 thousand metric tons by 2030. Omega-3 Polyunsaturated Fatty Acids (PUFAs) are widely recognized for their considerable health benefits. They play a crucial role in promoting cardiovascular health and are also associated with protective effects against a variety of health conditions, including cancer, birth defects, diabetes, arthritis, cognitive decline, depression, and several others. These essential fatty acids are not produced by the body in sufficient quantities and must be obtained through diet or supplements. Historically, fish oils have been the primary sour...

Synthetic Vitamin E Prices Expected to Stabilize Soon and the Global Market to Reach $1.5 billion by 2030

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A new report from Industry Experts Inc, on " Synthetic Vitamin E Market ," is released. According to this global market research report, as a result of supply shortages and firm demand, the global synthetic vitamin E market rebounded in value to US$1.6 billion in 2024, marking a 57% increase from the previous year. The global synthetic vitamin E market declined sharply, with total demand falling by 19.5% to US$1 billion, in 2023. This downturn was primarily driven by exceptionally low vitamin E prices and a persistent destocking cycle across the supply chain. However, the market reversed course in 2024 amid severe supply disruptions and geopolitical challenges. A major fire at BASF's Ludwigshafen plant on July 29, 2024, resulted in a Force Majeure declaration affecting vitamin E, vitamin A, and carotenoid production. BASF announced that production would not resume before July 2025. Asia-Pacific region leads the global Synthetic Vitamin E volume market with a...

Shift Towards Sustainable Materials and Carbon Neutrality Drives the Demand for Glass Fiber Reinforcements, Expected to Reach 8.4 million metric tons by 2030

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A new report from Industry Experts Inc, on " Glass Fiber Market ," reveals that the global demand for glass fibers is projected to reach 8.4 million metric tons by 2030, growing at a CAGR of 4.7% between 2024 and 2030. In value terms, the market is expected to reach US$12.3 billion by 2030. The year 2023 marked an exceptionally challenging period for the global glass fiber and composites industry. Slower-than-expected demand growth across major application areas, compounded by the effects of earlier overexpansion, especially in China, caused inventory levels to spike. Smaller manufacturers, under financial strain, initiated aggressive price reductions, driving prices of standard products like direct yarn to historic lows. The glass fiber industry demonstrates both cyclical and growth characteristics. Traditional sectors like construction and industrial equipment show cyclic behavior, while emerging applications such as lightweight vehicles, 5G infrastructure, win...

Global Aseptic Packaging Market to Reach $14 billion by 2030 Driven by Increasing Demand for Convenience and Ready to Eat Food

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A new report from Industry Experts Inc, on " Aseptic Packaging Market ," reveals that the global Aseptic Packaging market is anticipated to be valued at US$7.7 billion in 2024 and is expected to grow to US$14.2 billion by 2030, reflecting a CAGR of 10.8% during the forecast period 2024-2030. The global aseptic packaging market is witnessing robust growth driven by increasing demand for convenience and ready-to-eat foods, as well as preservative-free food and beverages. Aseptic packaging extends product shelf life without refrigeration, making it an ideal choice for modern lifestyles and regions with limited cold chain facilities. The increase in urban population and disposable income is fueling demand for dairy products, functional beverages, and packaged foods. Furthermore, the increasing focus on food safety, hygiene, and nutritional preservation is promoting the use of sterile packaging methods. This phenomenon is fueling the demand for aseptic packaging. Asi...

North America holds the Largest Share of the Global Anti-Counterfeit Packaging Market, with a Share of 39% in 2024

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A new report from Industry Experts Inc, on " Anti-Counterfeit Packaging Market ," is released. According to this new market research report, the global market for Anti-Counterfeit Packaging is estimated at US$170.8 billion in 2024 and is projected to reach US$334 billion by 2030, with a CAGR of 11.8% during the forecast period 2024-2030. The Anti-Counterfeit Packaging Market is witnessing significant growth driven by rising concerns over product authenticity, consumer safety, and brand integrity across pharmaceuticals, food & beverages, electronics, and luxury goods. The rise in e-commerce has strengthened the threat of counterfeit goods, fueling the demand for safe and advanced packaging solutions. Technologies such as RFID, QR codes, NFC, and holograms are increasingly utilized for real-time authentication and enhanced supply chain transparency. North America holds the largest share of the global anti-counterfeit packaging market, with a share of 39.3% in 2...