The Powder Injection Molding market is expected to reach $3,639m by 2023, growing at a CAGR of 9%. The powder injection molding industry is largely being driven by growth in the electronics, and aerospace & defense industries.
The powdered milk market is estimated to reach $10 billion by 2025 owning its characteristics of having a longer shelf-life than liquid milk. Powdered milk is easy to store in cold temperatures and convenient to transport to remote areas, where milk supply and production volumes are low.
The pharmaceutical packaging market is forecast to reach $9.5 billion by 2024, growing at a CAGR of 6.5%. The market growth can be attributed to the growth of pharmaceutical industry in the emerging economies, growing demand for drug delivery devices and blister packaging.
The growth in the pediatric monitoring market can be attributed to an increasing number of government initiatives towards improving pediatric monitoring practices in healthcare settings.
The paints and coatings market is expected to reach $161 billion by 2023, growing at a CAGR of 5%. Consolidation has become a long-term trend for paints and coatings, particularly in Western economies with restricted organic growth.
The packaging machinery market is all set to exhibit robust development with growing demand from retail and e-commerce, F&B, pharmaceuticals and many others.
The LED display market is driven by increasing awareness about energy conservation and surging use of LED technology in laptops, mobile phones, smart TVs, monitors, and other products.
The genomics market is forecast to reach $30 billion by 2024, growing at a CAGR of 10.05%. The growth of the market can be attributed to the benefits that genomics offers in terms of providing more accurate, effective, and secure solutions to disease management, such as for cancer.