Pipeline

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. Factors such as increased demand for hygienic and safe packaging and the shift to e-commerce and contactless deliveries have led to the evolution of packag...

The digital marketing services category is expected to grow at a CAGR of 13% from 2023 to 2030. North America is expected to remain the industry's dominant regional market. During the projected period, the region is anticipated to contribute between 38% and 42% of the total digital marketing cost. The vast target audience in the North American region motivates the major players and brands to market and promote their content, goods, and services online, which in turn propels the expansion of the digital marketing industry. According to projections, there will be more options for marketers to market their items online as a result of the growing number of online shoppers in North America. This will accelerate the expansion of the local market. To maintain their competitiveness and meet the changing needs of businesses, suppliers in the category of digital marketing services have adopted a number of actions. These actions involve making investments in cutting-edge technology such as s...

The clinical trial imaging services category is anticipated to grow at a CAGR of 8.05% from 2023 to 2030. North America holds the largest category share at about 41%.The rising number of Contract Research Organizations (CROs) along with biotechnology and pharmaceutical companies, the increasing presence of chronic health diseases among the population, the development of innovative imaging techniques, and rising R&D investment to develop new drugs and therapies are some of the key factors driving the growth. There are several key trends emerging in the category and some of them include the integration of artificial intelligence, betterment in data management & analysis, virtual imaging, and trials. For example: • In January 2023 , ICON plc, a leading provider of clinical trial services, announced the launch of a new imaging platform that enables real-time monitoring and analysis of imaging data in clinical trials • In February 2023 , PAREXEL International Corporation, a lea...

The global  facilities management services category is expected to grow at a CAGR of 12% from 2023 to 2030. Hard facilities management customers are switching from labor-intensive to technologically sophisticated options, especially for security and fire. Managing growing energy expenses and achieving non-negotiable ESG targets and the decarbonization strategy are the major factors that make energy management solutions an increasingly sought-after investment topic in 2023. According to Grant Thornton’s 2022 report, in the hard FM service sector, given the evolving nature of the workplace, the demand for office reconfigurations has increased steadily. In 2022, there were 14 deals for fabric maintenance, fit-out, and refurbishments compared to four deals witnessed in 2021. Similarly, HVAC facilities management deals in 2022 reached 12 compared to six in 2021. On the other hand, based on FM M&A deals by type of acquirer, the percentage of deals completed by trade buyers amou...

The brewing   category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The Asia Pacific is the largest geographic segment in this category with a 30% market share. Brewing is a method for controlling how water, starch, yeast, and hops interact to produce beer. The growth and demand for this category will be driven by an increase in the demand for beers from around the world as well as an increase in the consumption of craft brews. The key trends in recent years are driven mostly by consumer preferences, technological advancements, and sustainability considerations. These include craft beer, microbreweries, non-alcoholic or low-alcohol beers, experimental and innovative flavors, collaboration, and limited-edition releases. These trends can vary across different regions and markets as new trends continue to emerge as the category industry evolves. This category is a highly fragmented market due to the presence of numerous global, regional, and local players. Several large p...

The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations. The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements. Type-C flute segment dominates the market owing to its characteristic property of higher compression and more durable stack...

 The  polyurethane   (PU)  category is anticipated to grow at a CAGR of 4.4% from 2023 to 2030. The term polyurethane denotes a category of polymers made up of organic molecules connected by carbamate bonds. In 2022, the Asia Pacific region held a dominant position in the market, contributing over 45.1% of worldwide revenue. PU is widely used in numerous end markets, in a variety of forms such as flexible, rigid, elastomers, adhesives, coatings, sealants, and others. Hence, it plays a very important role in consumer markets. According to Plastics 2021 report, among polymers, PU held a market share of 8 - 10%, however, the category is gaining traction as companies increasingly focus on sustainability. For instance, manufacturers and suppliers have increased the pace of sustainable and bio-based PU commercialization dramatically. In recent times, the growing trend of consumers' interest in sustainability is reflected in the usage of polyurethanes in electric vehicles. ...

The learning and development (L&D) category is expected to grow at a CAGR of 3% from 2023 to 2030. The field of the L&D industry is undergoing continuous and swift transformative shifts and advancements. It is fundamentally altering how organizations tackle employee development and skills improvement. L&D service providers must proactively adapt to changes, incorporating elements such as on-the-spot learning, virtual and augmented reality fusion, data-informed insights, and microlearning. Staying ahead of these developments is crucial for designing effective and forward-looking L&D programs. The landscape of L&D services has experienced a transformation through the integration of eLearning, enhancing employees' learning capabilities and fostering retention. Moreover, it has streamlined the tasks of service providers by facilitating data management, information administration, and performance tracking for their clients. This, in turn, enables more informed decis...

The immigration services category is anticipated to grow at a CAGR of 5.8% from 2023 to 2030. Over the last two years, the number of international immigrants in Europe and Asia has increased significantly despite travel restrictions. The period between June 2021 and June 2022 has been noteworthy for a variety of reasons. Record levels of immigration in the U.K. have been attributed to a number of factors, including the lifting of lockdown restrictions in the U.K., the first 18 months period after the U.K.'s exit from the EU, the Russian-Ukraine war, a fresh visa route for British citizens living in Hong Kong (overseas), and the resettling of Afghan refugees. According to the U.K. Home Office Department estimates in 2022, more than 1.1 million people have immigrated to the U.K. between June 2021 and June 2022. During the same period, almost 89,000 people entered the country on account of Ukrainian Visa schemes. The demand for immigration services has in turn increased significantly...

The IT Services Outsourcing category is anticipated to witness growth at a CAGR of 8.52% from 2023 to 2030. In 2022, Asia Pacific accounted for 35% of the market share followed by North America and Europe. North America has a thriving technological environment with the presence of a large number of IT firms, startups, and research institutes. IT outsourcing firms can benefit greatly from the region's emphasis on cutting-edge technologies like blockchain, AI, and IoT. A large number of American businesses are becoming more global in scope. They frequently look for IT outsourcing partners that can assist them in setting up and managing IT infrastructure in new areas to accomplish this expansion effectively. In addition, the Europe market is also witnessing steady growth. As compared to Italy and France, the UK and Germany exhibit higher revenue. The focus of players in this region is shifting from cost reduction to innovation and value-added services. Besides BFSI and aerospace, the...