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Showing posts from May, 2024

Bedding Market Disruption: Adapting to Shifting Consumer Demands 2023-2030

  Bedding Industry | Forecast 2030 The economic value generated by the bedding industry was estimated at approximately USD 148.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of bedding materials, distribution & supply, and application of bedding. Technological advancements in bedding materials and manufacturing processes have a significant impact on the bedding market. The development of new materials that can regulate temperature or wick away moisture help to meet the growing demand for bedding that promotes a comfortable and restful sleep. Asia Pacific dominated the bedding market in 2022 with a revenue share of over 37%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality bedding products for overall comfort. In addition, tourism in the region is increasing ...

Procurement of Packaging Design Services for Different Product Categories 2023-2030

  Packaging Design Services Category Overview 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.   Access of the Packaging Design Services Procurement Intelligence Report, 2023 - 2030 , published by Grand...

Optimizing Catering Service Procurement Processes: Trends 2023-2030

  Catering Services Category - Procurement Intelligence The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The rise of the catering sector is mostly driven by the rising popularity of online catering. New habits are becoming ingrained 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 reasons, including changing food preferences, the rise of online ordering and delivery, 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.   Technologies such as food tracking & traceability and smart appliances are used by the companies. Ann Sather uses food tracking and traceability to ensure the safety and qualityof their food and to track the food from...

Footwear Manufacturing: Innovations and Supply Chain Optimization

  Footwear Industry | Forecast 2030 Grand View Research’s footwear industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research. The demand for footwear is greatly driven by changing consumer preferences and fashion trends across the globe. Consumers seek stylish and trendy footwear, and their preferences continually evolve. Changes in fashion trends, celebrity endorsements, and social media influence strongly impact the demand for different types of footwear including athletic and non-athletic.   Access the Global Footwear Industry Data Book, 2023 to 2030 , compiled with details like ma...

Rising Disposable Income Drives Growth in the Leather Goods Sector

  Leather Goods Industry | Forecast 2030 Grand View Research’s leather goods industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research. The leather goods industry is projected to experience growth owing to several factors, including an increase in consumer disposable income, improved living standards, evolving fashion trends, and the rise in domestic and international tourism. The demand for stylish and comfortable leather apparel, leather goods, and accessories is on the rise, driven by growing brand awareness among consumers. These factors collectively contribute to a favorable outlook for ...