Soy Dessert Market Demands, Supply and Forecasts 2025

The global Soy Dessert Market is projected to reach USD 90.2 billion by the end of 2025, according to a new report released by Million Insights. It is anticipated to grow at a CAGR of 7.2% over the forecasted years. The product is gaining popularity because of its nutritional benefits and increasing number of people with high level of lactose intolerance.

 

This product helps to cut out the calorie intake as it has low calorie content when compared to the dairy products. It also has less cholesterol, fats, and carbohydrate than dairy products, which is the main reason behind its popularity among the fitness freaks. People can include this product in their diet plan because of its high protein content. It also helps people to reduce their weight. These are some of the factors expected to proliferate soy desserts market growth during the forecast period.

 

Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures, Chart and Covid-19 Impact Analysis): https://www.millioninsights.com/industry-reports/global-soy-dessert-market/request-sample

 

In terms of revenue, the segment of hypermarkets accounted for greater than 65% market share, in 2018. Presence of variety of products, attractive offers, discounts, and influencing advertisements, existence of dominant players such as Walmart, and tangibility factors are attracting a high number of consumers to choose this distribution channel over others. The online distribution channel segment is projected to grow at a CAGR of about 9.1% during the forecast period. An increase in the number of online retail stores that provide attractive discounts and the rising number of working populations who prefer using online retail shops for easier accessibility are expected to drive the demand for this segment.

 

The segment of cakes & pastries ruled the market with a share of greater than 65% in the year 2018. It has been observed that the consumption of cake in regions like Europe and North America is rapidly increasing. Moreover, there has been a rise in the number of people with high level lactose intolerance. These factors are proliferating the market growth. The ice cream segment is estimated to be the fastest growing segment, with a CAGR of about 8.0% through 2018 to 2025. The demand for ice creams is high from the regions such as MEA and the Asia Pacific. Manufacturers are focusing more on introducing different varieties of flavors, which attract consumers. These products are super affordable and are easily available, thus to driving the demand for soy dessert.

 

In 2018, North America ruled the market by holding majority of the share with around 28.0% and is anticipated to grow significantly in the upcoming years. The regional growth is driven by factors such as high consumption of products like ice creams, puddings, and cakes and the presence of a large number of consumers with a high level of lactose-intolerance. Asia Pacific region is anticipated to grow at the fastest rate with CAGR of about 8.3% in the approximated period. Soy products originated from China, and the Asia Pacific region is known for a large consumer base. These are the major factors driving the growth of the soy dessert market over the forecast period, 2019 to 2025.

 

Further key findings from the report suggest:

• The ice cream segment is estimated to grow at a CAGR of about 8.0% from 2018-2025

• In 2018, the hypermarket segment accounted for more than 65% market share.

• Asia Pacific is anticipated to grow at the fastest rate with CAGR of about 8.3% over the forecast period.

 

Top Key players profiled the Soy Dessert market report include: AFC soy foods, The Hershey Company, Archer Daniels Midland Company, Hain Celestia, Kerry, Now Foods, Alpro, Gluten Intolerance Group, and Turtle Mountain.

 

Know More Insights @ https://latestmarketstudy.wordpress.com    

 

 

Next-Generation Data Storage Market Growth Rate And Product Revenue Report By 2025

The Next-Generation Data Storage Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

 

Market Snapshot:

The global Next-Generation Data Storage Market size was projected at US$ 53.1 billion in 2018. It is expected to reach US$ 118.22 billion by 2025 with a CAGR of 12.5% during the forecast period. This could be attributed to the ever-increasing digitization and globalization. The basic advantage of next-generation data storage is that it makes way for reliable, quicker, scalable, secure, and cost-effective way of storing data. The sectors witnessing next-generation data storage at the moment include data centers, automotive, and IT. The factor catalyzing the market is the fact that information growing by leaps and bounds does require space for storage as well as maintenance.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/next-generation-data-storage-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Next-Generation Data Storage Market.

2. To provide insights about factors affecting the market growth. To analyze the Next-Generation Data Storage Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the Next-Generation Data Storage Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Next-Generation Data Storage Market.

 

Market Segmentation:

The next-generation data storage market is segmented based on type, architecture, storage technology, application, and geography. By type, the market spans SAN (Storage Area Network), NAS (Network Attached Storage), DAS (Direct Attached Storage), and others. By architecture, it says object-based, block storage, file-based, and others. By storage technology, the segmentation goes like All-flash array, hybrid flash array, magnetic tape, and hard disk drive. By application, it constitutes retail, manufacturing, media & entertainment, healthcare, BFSI, government, telecom & IT, and others.

 

By geography, the next-generation data storage industry is segmented into North America (U.S., Canada), Europe (Spain, Italy, France, Germany, and UK), Asia Pacific (Japan, China, ANZ (Australia & New Zealand)), South Korea, and India), LATAM (Mexico, Brazil), and MEA (Saudi Arabia, South Africa, and Israel). North America rules the market due to immediate adoption of the latest technology by the U.S. Europe comes in second; followed by Asia Pacific, which is a promising market for next-generation data storage; especially after initiatives like “Digital India” coupled with availability of wearable devices, smartphones, and low-cost tablets.

Players

 

The players contributing to the next-generation data storage market include Dell, Cloudian, Drobo, Fujitsu, Hitachi, HP, IBM, Inspur, Micron Technology, Netapp, Netgear, Nexenta Systems, Nutanix, Pure Storage, Quantum, Samsung, Scality, Tintri, Toshiba, and VMWare.

 

Know More Insights @ https://latestmarketstudy.wordpress.com    

 

Insulation Market Growth Rate, Application, Sales And Trends Report by 2025

 

The Insulation Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

 

The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period. Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/insulation-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Insulation Market.

2. To provide insights about factors affecting the market growth. To analyze the Insulation Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the Insulation Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Insulation Market.

 

Foamed plastic insulation is gaining huge traction especially in North America and the rest of U.S. allowing it to acquire significant market share from mineral wool and fiberglass products. Strong residential growth in China and India is driving demand for this industry. The growing competitiveness among the construction companies is significantly opening up employment opportunities, specifically in building renovation sector.

 

Some of the key players operating in insulation industry consist of Dow Building Solutions, Byucksan Corporation, GAF Materials Corporation, Huntsman Corporation, Guardian Building Products Inc., Johns Manville, Saint-Gobain S.A., CertainTeed Corporation, Cellofoam North America Inc., ROCKWOOL International A/S, Owens Corning, Atlas Roofing Corporation, and Kingspan Group.

 

Countries like Korea and Japan with tropical climate have experienced greater adoption of HVAC for thermal protection of air conditional systems. Roofing and foaming techniques demand is projected to advance in developing countries owing to rapid industrialization and construction activity. Government efforts to minimize energy consumption predominantly in Western Europe is anticipated to impel implementation of new building codes that mandate more insulation usage. Europe is emerging as a leader R&D for rendering cost-effective energy savings with its existing Energy Performance of Buildings Directive.

 

Know More Insights @ https://latestmarketstudy.wordpress.com    

 

Gluten-free Pizza Crust Market Analysis, And Regional Outlook By 2025

The Gluten-free Pizza Crust Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

 

Synopsis:

The global Gluten-free Pizza Crust Market scope was appreciated at US$ 2.0 billion during 2018 and is expected to increase at a CAGR of 6.5% during the period of forecast. The global market scope of gluten-free pizza crust is anticipated to touch US$ 3.1 billion by 2025.

 

The gluten free pizza crust is a mixture of three dissimilar flours. Growing development and rising reputation of western foods together with pizza are motivating the gluten-free pizza crust industry. Growing per head earnings and infiltration of pizza shops are projected to upsurge demand for pizza crust during the period of forecast.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/gluten-free-pizza-crust-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Gluten-free Pizza Crust Market.

2. To provide insights about factors affecting the market growth. To analyze the Gluten-free Pizza Crust Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the Gluten-free Pizza Crust Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Gluten-free Pizza Crust Market.

 

Drivers:

Owing to the growth in alertness regarding fitness, users have a preference for the usage of organic and gluten-free food constituents in the food formulas and therefore the outlets of pizza franchise use gluten-free pizza crust in their formulas of foodstuff.

 

Gluten has drawbacks for example it sources ingestion problems, abdominal injury owing to the response of resistant, increase in weight, swelling, and others. Therefore, users are moving in the direction of the usage of gluten-free products. The consumption of gluten-free products can deliver a number of fitness paybacks such as it can decrease cholesterol, diminishes the hazard of autoimmune complaints, increases digestion, etc. Hence, because gluten-free products deliver numerous fitness paybacks, the producers of foodstuff products may possibly choose for the usage of gluten-free pizza crust, and accordingly, the demand for gluten-free pizza crust may possibly will upsurge.

 

Restraints:

Normally the rates of gluten-free pizza are greater than the regular pizza. The dissimilarity in monetary circumstance, misperception regarding the fit nutrition products, and the variance in the sense of taste of the food product may possibly function as a restraint for the market pertaining to gluten-free pizza crust.

 

Regional Lookout:

By Region, the global gluten-free pizza crust industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Due to rising ingestion of gluten-free products, North America ruled the market during 2018. Persons in the state are changing to the hale and hearty way of life owing to which people have a preference for fit and gluten-free products. Increasing alertness associated with probable effects of gluten on fitness, has directed for the growth in intake of gluten-free products. The U.S.A has a greater occurrence of celiac illness in the world.

 

Asia Pacific is likely to witness a CAGR of 7.1% during the period of forecast. It has been plotted that India has more than half of the people under the age of 30. This is identified to be the maximum important area for young age group, afterwards Indonesia, China, and the U.S.A. Hence, the influence of western values is growing owing to greater populace of youngsters. This, sequentially, is expected to motivate the gluten-free pizza crust market in emerging nations of Asia Pacific.

 

Companies:

Growing race in the pizza market is estimated to trigger the demand for gluten-free pizza crust during the period of forecast. The global market is going in the direction of disintegration. Noticeable companies functioning in the market are established in Europe and the U.S.A. The manufacturing companies are concentrating on increasing their transactions by way of increasing their range of product presents or else creating new-fangled manufacturing plants in the global market.

 

Some of the important companies for gluten-free pizza crust market are MOONLIGHT PIZZA COMPANY, Rizzuto Foods, Conagra Brands, Inc., Rich Products Corporation, Vicolo, Kinnikinnick Foods Inc., Gillian’s Foods, and Udi’s Gluten Free. Additional notable companies are Bob's Red Mill, Namaste Foods, Glutino, Cup4Cup, Nu Life Market, and King Arthur Flour.

 

Know More Insights @ https://latestmarketstudy.wordpress.com    

 

Flame Resistant Fabric Market Growth Opportunities And Forecasts Report by 2022

The Flame Resistant Fabric Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions. 

In accordance with the report published by the experts, it is estimated that the global Flame Resistant Fabric Market would develop at a substantial CAGR during the period of forecast. These are man-made fibers resulting from a mixture of cotton, chemical, and polyester. The global market for flame resistant fabric is determined to be eye-catching, because this market comprises numerous important manufacturing companies. The initiative taken by the government concerning the protection of labors forces and the safety at working place to decrease the hazard of accident will additionally increase the demand for the product and improve the application of manufactured goods in a number of end-user businesses.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/flame-resistant-fabric-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Flame Resistant Fabric Market.

2. To provide insights about factors affecting the market growth. To analyze the Flame Resistant Fabric Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the Flame Resistant Fabric Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Flame Resistant Fabric Market.

 

Drivers & Restraints:

Increasing demand for flame resistant fabric is mainly owing to the strict rules for the industries which standardizes the norms for the safety of the workforces and preserves safety at workstation. It is motivating the general market of flame resistant fabric. Particularly, the increasing demand from construction industry, military and oil & gas in maximum of the emerging nation-states of Asia Pacific will increase development during the period of forecast.

 

However, greater price of manufacture and enormous investment in research is restraining the flame resistant fabrics industry. Application of new-fangled apparatus and machineries along with substantial price of maintenance is puzzling the shareholders and manufacturing companies of the flame resistant fabric. However, the greater price of R&D activity for evolving advanced skills will adversely affect the market, which will obstruct the development.

 

Classification:

The global flame resistant fabrics market can be classified by Type, End User, and Region. By Type it can be classified as Non-Apparel, Apparel. The “apparel” segment will upsurge gradually owing to the growing demand for flame fighting in a number of manufacturing. In apparels fire-resistant fabrics are utilized to create protecting outfit that offers shield from arc fire, explosion, or else fire. Additionally, the growing demand in out-of-doors equipment, tents,place mats will motivate the development of this section in the flame resistant fabric industry.

 

By End User it can be classified asFirefighting Services, Transport, Defense, Mining Clothing, and Industrial Protective Clothing. The subdivision of Mining Clothing and Industrial Protective Clothing is the main end-user due to adherence to government regulations for the usage of fire-resistant clothing in diverse mines and industries. Owing to the growing demand from segments like chemicals, industrial manufacturing, construction, mining, oil & gas. Labor force of these segments is progressively demanding protection of sartorial to defend against dangerous temperature or straight interaction with fire.

 

Regional Lookout:

By Region it can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America are projected to be provincial front-runners in the flame resistant fabric market during the period of forecast because of growing safety rules in these areas. Asia Pacific’s flame resistant fabrics industry is expected to observe considerable development due to growing demand from different end use businesses for example oil & gas and chemicals. Additionally, growing demand for flame resistant fabric in transportation business mainly in developing nations for example China and India is additionally expected to raise market of Asia Pacific during the period of forecast. Middle East & Africa are likely to develop by a speedy percentage due to growing consumption of flame resistant fabric in a number of segments.

 

Companies:

The market for fire-resistant fabrics is split due to the existence of a number of local and global companies. This market comprises numerous outsized companies having solid terrestrial existence and varied amenities of manufacture. Yet, a number of local and small companies contest with these participants. The manufacturers of fire-resistant fabrics contest strongly on the basis of quality of the product, novelty, operating cost and price. To achieve a reasonable advantage, manufacturing companies are implementing new-fangled skills to upsurge their margins of profit.

 

Some of the important companies for Flame Resistant Fabric Market areTeijin Aramid,Milliken & Company,DuPont,Solvay SA,Huntsman International,Royal Tencate Corporate EMEA,Gun Ei Chemical Industry Co. Ltd, and PBI Performance Products. Additional notable companies are TOYOBO,Len zing AG,PBI Performance Products,W. L. Gore & Associates,Koninklijke Ten Cate, and Kaneka Corporation.

 

Know More Insights @ https://latestmarketstudy.wordpress.com    

 

U.S. Esters Market Segmentation & Competitive Landscape Report to 2022

 

The U.S. Esters Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

 

U.S. Esters Market is estimated to grow significantly in the forecast period owing to the increase in demand for stabilizers and emulsifiers from personal care segment. Esters are the organic compounds that produce organic or inorganic acids when reacted with water. Esters possess properties like flexibility and low polarity and are more volatile than the equivalent amides. Esters are widely used as aromas in different fruits, pharmaceutical items and personal care products like shampoos.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/us-esters-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global U.S. Esters Market.

2. To provide insights about factors affecting the market growth. To analyze the U.S. Esters Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the U.S. Esters Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global U.S. Esters Market.

 

U.S. esters market is witnessing growth due to factors like developments and innovations in surfactants, lubricants, pesticides and others, economic developments, growing population that demands personal care products and growing industrialization. Esters are extensively used in synthetic lubricants, which ultimately encourages U.S. esters industry. Moreover, growth in food industry due to increasing population is fueling United States esters market. However, the market is restrained by the government regulations for limiting the use of unsafe chemicals in the food & personal care products and unstable prices of raw materials.

 

Nevertheless, low labor cost and regulations by government are encouraging the market growth of esters. Functional efficiency followed by biodegradability, sustainability and performance offered by esters are gaining traction by the market players. Also, the development of various personal care industries are expected to bring opportunities in U.S. esters industry in the coming years.

 

U.S. esters market is categorized on the basis of product type, application and geography. On the basis of product type, the market is divided into complex esters, diesters, monoesters and methyl esters. Complex esters segment is expected to lead U.S. esters industry since they offer high film thickness, wide viscosity range, high surface activity, and are cost-effective.

 

Based on application, U.S. esters market is bifurcated into industrial lubricants, automotive lubricants, marine lubricants, aviation lubricants and food grade lubricants. Aviation segment followed by automotive and industrial segment are expected to hold larger market share of esters due to wide applications. Geographically, U.S. esters industry is segmented as The West, Southwest, The Middle Atlantic, New England, The South and The Midwest.

 

The key players in United States esters industry comprise Arkema, Chemtura, Lanxess, Dow Chemical, Evonik Industries, DuPont, Procter & Gamble (P&G), Croda International, Sasol, PCC Chemax, Honeywell, Eastman Chemical, Ashland, AkzoNobel, Innospec, Archer Daniels Midland, LG Chem, Elementis Specialties, Valtris Specialty Chemicals, Rotuba, PMC Biogenix, Polymer Plastics Co. LC.AndStepan Company.

 

Know More Insights @ https://latestmarketstudy.wordpress.com  

 

Third Party Logistics (3PL) Market Consumption and Revenue Forecast by Regions 2025

 

The Third Party Logistics (3PL) Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

 

The global Third-Party Logistics (3PL) Market is expected to value at USD 1.24 trillion by 2025. The 3PL industry is subject to witness a substantial growth due to the recent technological advancement in the various logistics services, rising transportation activities in both developed and developing economies across the globe and increasing shipping demand.

 

Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/third-party-logistics-3pl-market/request-sample

 

Some of the major objectives of this report:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Third Party Logistics (3PL) Market.

2. To provide insights about factors affecting the market growth. To analyze the Third Party Logistics (3PL) Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

3. To provide historical and forecast revenue of the Third Party Logistics (3PL) Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

4. Country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Third Party Logistics (3PL) Market.

 

The number of service providers are improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Globally, the third party logistics industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the 3PL market.

 

Robust growth of third party logistics (3PL) industry is majorly attributed to the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activates in the Asia Pacific and North America region is anticipated to boost market growth in the upcoming years. Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the market growth of third party logistics over the forecast period.

 

Increasing adoption of various third party logistics services in various sectors such as manufacturing, retail, trade and transportation. Other application of the third party logistics services include private and local utility sector, healthcare industry, media and entertainment sectors. These factors are expected to foster market expansion of logistics industry over the forecast period. Recent adoption of thirds party logistics services in the telecommunication, banking and financial services, and information technology industry is estimated to expand overall market reach in the near future as well. In addition, development of latest technologies and introduction of novel products such as the freight brokers and different value-added services are driving market growth in the recent years.

 

The third party logistics market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, increase in number of research & development activities in the region and existence of well-established infrastructure.

 

Asia-Pacific region is estimated to hold major market share in third party logistics with massive growth in forecast period. Countries such as India, China, South Korea, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region.

 

The key players in the third party logistics (3PL) industry are Kuehne + Nagel International AG, DHL Express AG, C.H. Robinson Worldwide, Inc., UPS Supply Chain Solutions, Inc., and FedEx Corporation.

 

Know More Insights @ https://latestmarketstudy.wordpress.com