Packing Desiccants Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global packing desiccants market was valued at approximately USD 2.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2028. This growth is driven by the increasing demand for effective moisture control solutions across various industries, including pharmaceuticals, electronics, and food packaging. The rising awareness about the importance of moisture control in preserving product quality and extending shelf life is significantly contributing to the market expansion. Furthermore, the growing trend of e-commerce and the consequent need for protective packaging solutions are also expected to bolster market growth.
Emerging markets, particularly in Asia-Pacific regions, present substantial opportunities for growth due to rapid industrialization and increasing consumer goods production. Countries like China and India are expected to see heightened demand for packing desiccants, fueled by expanding manufacturing sectors and growing middle-class populations. Additionally, advancements in desiccant technologies and the development of eco-friendly desiccant options are likely to open new avenues for market participants. The market's expansion in these regions offers lucrative opportunities for stakeholders to tap into the evolving needs of various end-use industries.
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Clariant
Chunwang
Super Dry
Absortech
DingXing Industry
Shanghai Yixuan
YUEJI
Aquadry
FUJIGEL SANGYO
Tianjin Tianshengxingye
SORBEAD India
Shenzhen Absorb King
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Packing Desiccants Market
Food
Electronics
Others
Based on Types the Market is categorized into Below types that held the largest Packing Desiccants market share In 2023.
Silica Gel
Molecular Sieve
Clay Desiccant
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Packing Desiccants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Packing Desiccants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Packing Desiccants Market, By Type
6. Global Packing Desiccants Market, By Application
7. Global Packing Desiccants Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Packing Desiccants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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