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Showing posts from March, 2024

Luxury Handbag Market - Industry Trends and Forecast to 2029

 Data Bridge Market Research analyses that the  luxury handbag market  is expected to undergo a CAGR of 8.20% during the forecast period. This indicates that the market value, which was USD 22.61 billion in 2021, would rocket up to USD 42.48 billion by 2029. “Handbag” dominates the type segment of the luxury handbag market owing to the rising number of fashion-conscious consumers globally. Industry Analysis The global Luxury Handbag Market is segmented on the basis of service type, solution, transportation type, vehicle type, application platform, requirement type, organization size, and usage. The growth among segments helps to analyze niche pockets of growth and strategies to approach the market and determine core application areas and the differences in the target markets. Car sharing accounts for the largest service type segment in the respective market as it serves most applications. In addition to the insights on market scenarios such as market value, growth rate...

Artificial Intelligence Market Industry Insights, Trends, and Forecasts to 2028

  Artificial Intelligence Market  is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to o reach at an estimated value of USD 294.4 billion by 2028 and grow at a CAGR of 26.1% in the above-mentioned forecast period. Industry Analysis Artificial intelligence refers to the science and engineering associated with designing of smart computer systems with the capability to replicate or exhibit human-like intelligence (natural intelligence) and directly executing tasks, such as analyzing and making judgments and decisions without any human interference. The digital voice assistants that reside in our  smartphones  or smart speakers, customer support chat-bots as well as industrial robots are all examples of artificial intelligence. The factors such as adopting cloud-based applications and services and big data is growing rapidly are expected to emerge as the significant factors uplifting the...

Biodegradable Paper and Plastic Packaging Market Exceed Valuation of CAGR of 9.67% by 2029

  Data Bridge Market Research analyses that the Biodegradable Paper And Plastic Packaging Market  was valued at USD 10.24 billion in 2021 and is expected to reach USD 21.43 billion by 2029, registering a CAGR of 9.67 % during the forecast period of 2022 to 2029. Industry Analysis Packaging is one of the main industries in the globe. The biodegradable packaging is an easily biodegradable and natural protection method for packaging. Biodegradable plastic and paper packaging are extensively used in the packaging of products and materials transported from one place to another, as plastic allows logistics companies to transport their goods and materials over a large distance and in any environmental condition. In the wake of sustainable development, logistic end users are more inclined towards the use of biodegradable paper and plastic packaging material because it is non-toxic for the human health and environment. Biodegradable paper and plastic packaging aids to protect product f...

Plant-Based Meat Market Industry Insights, Trends, and Forecasts to 2030

Data Bridge Market Research analyzes that the Global Plant-Based Meat Market  was valued at USD 9,820 million in 2022 and is expected to reach the value of USD 27,620 million by 2030, at a CAGR of 14.74% during the forecast period of 2023 to 2030. Industry Analysis Plant-based meat is becoming a more critical part of the vegan diet as more people switch to a vegetarian diet devoid of animal-based foods. Others are switching to veganism for ethical and health reasons, while some consumers choose vegetarian ingredients to prevent animal cruelty and to consume sustainable food and beverage products. People worldwide are choosing plant-derived alternatives to meat because of the environmental impact and ethical violations associated with animal husbandry and meat production which act as a driver for the plant-based meat market during forecast period of 2023 to 2030.   “Soy” segment is expected to dominate the market as people worldwide are choosing plant-derived alternatives to me...