Pipeline

The HDPE category is expected to grow at a CAGR of 4.45% from 2023 to 2030. The APAC region accounts for the largest share in the category. Increasing growth of the Chinese economy stimulated by the increase in import & export, industrial output, capital investment, and consumer consumption in the region drives the demand for the category. Players are focusing on product innovation using continual R&D and making use of efficient technologies to increase productivity and enhance the properties of the product. For instance, in July 2022, ExxonMobil introduced a new range of HDPE products named ExxonMobil HMA706, which is distinguished by great dimensional stability and strong impact resistance. It was validated for fast cycling and food contact and its property of high gloss made it ideal for the packaging of food.  Companies are continuously focusing on partnering or developing their own technology to strengthen their market position and expand their global reach. For instance,

The accounting services category is anticipated to grow at a CAGR of 11.45% from 2023 to 2030. North American region accounts for the largest category share followed by Europe and APAC. Factors such as changes in standards of financial reporting, outsourcing of back-end operations to low-cost economies, and rise in research & development investments are driving the category growth. One of the most significant trends is the AI and cloud-based solutions of accounting services. Hyper connectivity, supercomputing, cloud computing, and cyber security are particular technology trends driving the finance function and finance & accounting transformation. It has been observed that companies are adopting these technological advancements while offering accounting services to their clients. For example, • PricewaterhouseCoopers (PwC) created GL.ai, a programme that assists their clients in identifying irregularities in the general ledger • Cloud accounting software, such as Xero and Q

The employee background screening services category is expected to grow at a CAGR of 9.9% from 2023 to 2030. Businesses are increasingly implementing background checks to protect themselves from legal liability and ensure employee safety. These checks identify potential risks like criminal histories, financial issues, and drug use, enabling them to make informed hiring decisions. For instance, companies can protect themselves against liability in case of crime or accident and ensure employee safety by identifying potential risks like violence or drug use. Through the identification of individuals with a history of violence or criminal behavior, background checks can assist businesses in spotting possible hazards to workplace safety. The growing risk of fraud brought on by employee fraud is a major problem for businesses of all kinds. Employers can use background checks to spot possible fraudsters by looking up their criminal histories, financial difficulties, and work histories. Techn

The mining equipment category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. Mining activities are increasing to extract metals and minerals from the earth in response to the growing demand for these resources, driving the growth of the category. Moreover, the adoption of natural complex and mineral resources such as diamond, iron ore, coal, and uranium, coupled with the increase in the need for mineral fertilizers to enhance agricultural yield supplements are fueling the demand for the category. The rising utilization of technologies such as IoT, sensors, and automation is reducing the labor cost and operational time associated with the activities. For instance, radar sensors are being used to process bulk solids whereas magnetic susceptibility meters and spectrometers are being used to detect wear and tear in mining equipment. All these factors result in a demand for innovative equipment. The mining equipment industry is diverse, covering a wide range of heavy equipment

The office supplies category is forecasted to grow at a CAGR of 2.1% from 2024 to 2030. In 2023, North America held the largest share of the global category, accounting for 32%. This region’s growth is attributed to the strong demand for personalized stationery, advancements in manufacturing technology, and a rising preference for green products. Asia Pacific is poised to witness the fastest growth rate during the forecast period, due to rapid expansion of urban areas, rising demand for innovative products, expansion of co-working spaces, and increased adoption of e-commerce. Office supplies are utilized by a wide range of end-users to enable administrative tasks, enhance workplace functionality, and ensure a well-equipped and productive workspace. Key end-users of this category include corporations, educational institutes, hospitals, hotels, and NGOs. For instance, hospitals use office supplies for patient records and billing, and NGOs deploy these items for processing documentation,

The chlorine category is anticipated to grow at a CAGR of 5.0% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 35.7 billion with the chemical industry leading the market share as chlorine is a key ingredient in the production of a variety of chemicals, including PVC (polyvinyl chloride), bleach, solvents, pesticides, and pharmaceuticals. This broad range of applications is the primary driver of its growth. The demand for chlorine is closely linked to industrial sectors such as water treatment, disinfection, cleaning agents, etc., that further fuel the category expansion. Another growing factor is the increased consumption of fertilizer in the agricultural business. In June 2022, two new antimicrobial and disinfection products, KEEPER and OXINE, have been introduced by Kemin Food Technologies - Asia, a manufacturer of ingredients. These new solutions treat food, water, and food contact surfaces, including equipment using chlorine dioxide. As research and