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Recycled Polyolefin Market Size to Exceed USD 144.2 Billion by 2034
According to Towards chem and Materials consultants, the global recycled polyolefin market size was reached at USD 61.19 billion in 2024 and is expected to exceed around USD 144.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.95% over the forecast period from 2025 to 2034. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global recycled polyolefin market size is estimated at USD 66.67 billion in 2025 and is expected to hit around USD 144.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.95% over the forecast period from 2025 to 2034. A study published by Towards chem and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: The market is experiencing significant expansion due to the movement to sustainable packaging, light weight automotive, increasing infrastructure and conversion to more recyclable polymer-based solutions. Recycled polyolefins are merely reused thermoplastics that include polyethylene (PE) and polypropylene (PP) which have been recovered from post-consumer or post-industrial plastics waste and processed for re-use. The properties of recycled polyolefins that provide them desirability i.e., durability, lightweight, and chemical resistance make them suitable for applications in packaging, automotive, and construction. The market has continued to grow with more environmental considerations, government mandates, and growing consumer, brand owner, and retailer demand for sustainable solutions. Improvements in related sorting technologies and recycling technologies have continued to improve the end usage quality of recycled polyolefins. Key Takeaways The Asia Pacific recycled polyolefin market dominated the global market and accounted for the largest revenue share of 45.74% in 2024. The Europe is expected to grow at a notable rate in the future, owing to newly implemented and strong environmental standards and regulations. By product type, the Low-density polyethylene (LDPE) dominated the recycled polyolefin market across the product type segmentation in terms of revenue, accounting for a market share of 35.38% in 2024. By product type, the polyethylene terephthalate (PET) segment is anticipated to grow at a significant CAGR of 9.75% through the forecast period. By source type, the Plastic bottles dominated the recycled polyolefin market across the source segmentation in terms of revenue, accounting for a market share of 42.67% in 2024. By source type, the plastic film segment is projected to witness a substantial CAGR of 8.66% through the forecast period. By application, the Food packaging dominated the recycled polyolefin market across the source segmentation in terms of revenue, accounting for a market share of 37.64% in 2024. By application, the automotive segment is anticipated to grow at a significant CAGR of 9.25% through the forecast period. Recycled Polyolefin Market Report Scope Report Attribute Details Market size value in 2025 USD 66.67 billion Revenue forecast in 2034 USD 144.2 billion Growth rate CAGR of 8.95% from 2024 to 2034 Base year for estimation 2024 Historical data 2019 - 2024 Forecast period 2025 - 2034 Quantitative units Revenue in USD million/billion, Volume in Kilotons, and CAGR from 2025 to 2034 Segments covered Product type, source, application, region Key companies profiled LyondellBasell; SABIC; Dow; INEOS; Borealis; GCR; Omya International AG; Pashupati Group Explore Strategic Figures & Forecasts – Access the Databook | Immediate Delivery Available: Recycled Polyolefin Market Major Trends Utilizing new recycling processes- There is a gradual movement from traditional mechanical recycling to advanced chemical recycling. New innovations that lead to higher-quality output are allowing for recycled polyolefins that meet higher performance and safety standards in packaging and automotive applications. Increased demand due to brand commitments to circular economy- Manufacturers and consumer brands are increasing their use of recycled content to meet their sustainability goals, driving demand for recycled polyolefins used in rigid packaging, household goods, and textiles. Development of collection and sorting systems- Governments and the private sector are investing in better waste collection. Newer sorting technologies as well as improved collection systems are increasing both the volume and quality of recycled polyolefins available into the supply chain. Recycled Polyolefin Market Dynamics Growth Factor Mandatory Minimum Recycled-Content Laws Strengthening Demand Governments are promoting recycled polyolefin adoption, with recycled-content mandates making it law and enforceable. In June 2025, India, released draft Plastic Waste Management (Second Amendment) Rules, require the Category I rigid plastic packaging to have a minimum of 30% recycled content in 2025-26, with targets to reach 60% in 2028-29. In the USA, California's Assembly Bill (AB) 793 mandates recycled content standards for plastic beverage containers to contain 25% PCR (post-consumer resin) content in 2025 and must reach 50% by 2030. These governments provided mandates create un-assessable demand for recycled HDPE and PP, which means packaging producers and resin suppliers can use this buying behavior to take risks, invest in scalable polyolefin recycling infrastructure and material supply, even without market-research summaries. Is Artificial Intelligence the key to High-Purity and Scalable Recycled Polyolefin Solution? Artificial Intelligence is beginning to bring higher levels of efficiency and quality into the recycled polyolefin market. India-based Ishitva Robotics is leading in AI-powered waste sorting using NIR and machine learning methods to identify HDPE, LDPE, and PP from mixed waste streams accurately. Their AI- powered "SmaRT" sorters guarantee high purity output, crucial when re-processing into food-grade or industrial-grade recycled polymers. Europe is home to one of the largest organizations working on a similar project, involving an AI- powered robotic solution called, OMNI, provided by Recycleye and Valorplast, which has been capable of recovering food-grade PP with over 95% purity. Multinational firms like Borealis and TotalEnergies will be investing in AI-based systems to enhance sorting, traceability and end-product quality to continue to bridge the gap to virgin-grade standards and build the role of recycled polyolefins in the circular economy. Market Opportunity Is Heightened Demand for Sustainable Packaging Creating New Opportunities in the Recycled Polyolefin Segment? One main opportunity for the recycled polyolefin segment is the growing demand for sustainable packaging found in sectors like food & beverage, personal care, and even e-commerce. With environmental concerns building and regulations being enacted for recycled packaging content, many companies are hoping to move away from virgin plastics. For example, Unilever and PepsiCo have recently committed to incorporating more post-consumer recycled polyolefin in their product packaging. The EU directive of single use plastics and somewhere like India has also moved to amend its Plastic Waste Management Rules to focus on single-use plastics accelerating uptake of recycled polyolefin. Consumer awareness is surging so brands are also taking it seriously to meet their circular economic goals. All of this is helpful for recycled polyolefins as a valuable material in the world as we transition to greener packaging alternatives. What can be the Potential Barriers Limiting the Future Growth of Recycled Polyolefin Market? Variable quality of recycled materials- Recycled polyolefins frequently have consistency problems because of contamination; physical degradation during processing; and mixed plastic waste streams. These issues often impede the use of recycled polyolefins in high-end or technical applications. Lack of collection and sorting infrastructure- Inefficient waste collection systems and inadequate sorting infrastructure, particularly in developing countries, prevent the separation and accessibility of clean polyolefin waste, thus not providing a suitable, economically viable waste stream for polyolefins, and inhibit market growth. Regulatory and food safety issues- Due to strict regulations and food contact safety standards, food-grade and medical medical-grade applications for polyolefins are severely restricted, thus limiting re-use and recycling of polyolefins for commercial purposes, to those select industries. Invest in Premium Global Insights Immediate Delivery Available @ Recycled Polyolefin Market Segmentation Analysis Product Analysis Which Product Segment Will Take the Dominated in the Recycled Polyolefin Market Landscape? Low-Density Polyethylene (LDPE) segment is leading recycled polyolefin market in 2024, because of its useful application in films and packaging. Its properties provide recyclability, consumer preference for flexibility and low cost, and the source of commonly found waste (i.e., recyclable plastic bags), making it a favourite among manufacturers for cost neutral and sustainable means of using recycled materials. Polyethylene Terephthalate (PET) segment expects the fastest growth in the market during the forecast period, due to its recyclable nature and increasing segments of application (packaging and textiles). With the increased use of chemical recycling, PET recovery rates have improved and supported sustainability goals and compliance with regulations which is hastening its adoption in various consumer and industrial applications. Source Analysis Why Does Plastic Bottles Segment Dominated the Recycled Polyolefin Market in 2024? Plastic bottles segment dominated the recycled polyolefin market in 2024, because they are the most widely consumed type of plastic item and possess the best collection system. In addition, plastic bottles are the source stream that is the easiest to sort and process, and we can get a reliable and sustainable source of high-grade recycled raw material for packaging and household and industrial products. The plastic film segment expects the fastest growth in the market during upcoming period, because there has been an increase in recycling programs for agricultural films, carrier bags, and flexible packaging wraps. Improvements in the technology used to sort film, and there are new compliance regulations forcing industry to manage flexible plastic waste which adds additional pressure on recyclers to find a solution for the large stream of material that is not recyclable for the time being. Application Analysis Which Application Segment Holds the Dominant Share of Recycled Polyolefin Market? Food packaging segment leads the recycled polyolefin market in 2024, due to an increasing demand for sustainable options in consumer goods. Recycled polyolefins provide safety, flexibility, and durability, which make them great choices for packaging trays, containers, and films, as food brands transition to sustainable packaging options. The automotive segment expects the fastest growth in the market during the forecast period, as manufacturers seek lightweight, cost effective, and environmentally friendly materials. Recycled polyolefins find uses in non-structural and a variety of components like interior trim, under body shields, and battery housings, in support of circular economy strategies and compliance with vehicle sustainability requirements. Regional Analysis Why is Asia Pacific dominating the Global Recycled Polyolefin Market? Asia Pacific dominated the market in 2024, due to the wide industrial base, industrial development and demand from the construction and automotive industries. There are strong governmental incentives in Asia Pacific to reduce plastic waste and improve recycling infrastructure. For example, the Swachh Bharat Mission is helping India improve access to and quality of recycling, and limiting the amount of waste that can be imported into China is pushing its industries to develop and support domestic recycling efforts. The increasing consumption of plastics in areas such as automotive, construction, and fast-moving consumer goods (FMCG) also supports using recycled polyolefins as an input for many of these types of industrial applications. China Market Trends China is the leading country in the Asia Pacific recycled polyolefin market, driven by strong industrial development and demand for polyolefin in China from industries such as automotive, food and beverage packaging. The country is quickly growing its domestic recycling capacity, driven by demand from electric vehicles and e-commerce. In 2024, China imported 2.4 million tons of PE from the U.S. This accounted for 20% of its China's PE imports. Additionally, the adoption of technology, including sorting solutions powered by artificial intelligence, is positioning China to be an important leader in both regulatory action and innovation. What Makes Europe the Fastest Growing Marketplace for Recycled Polyolefin Market? Europe expects the fastest growth in the market during the forecast period, due to stringent environmental legislation, heightened consumer awareness, and a robust commitment to circular economy principles. Demand, from packaging and industrial applications, is set to be boosted by the EU's Single-Use Plastics Directive, alongside prescribed mandates on recycled content. Furthermore, there has been considerable progress with respect to technological innovation in mechanical and chemical recycling across the region. Several nations are opting to provide subsidies or incentives to improve the operations of plastic collection and sorting. In October 2024 - ICIS published new pricing assessments for recycled polyolefin agglomerates in Europe to enhance transparency and provide value chain stakeholders with reliable price benchmarks to improve decision making in the recycling and manufacturing sectors. Germany Market Trend Germany leads within the region from the standpoint of recycling, partly due to an established recycling infrastructure and proactive policy making. Germany has a dual waste collection system, allowing for a higher recovery of polyolefin materials which can be processed into high-quality applications. This leadership position is supported by strong R&D investment and government-backed recycling mandates that are placing Germany firmly ahead in the renewable polyolefin space within Europe. More Insights in Towards Chem and Materials: Polyolefin Market: The global polyolefin market volume was valued at 230.72 million tons in 2024 and is estimated to reach around 371.54 million tons by 2034, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period 2025 to 2034. Polyvinyl Chloride (PVC) Market : The global polyvinyl chloride (PVC) market size was estimated at USD 86.93 billion in 2024 and is expected to hit around USD 116.26 billion by 2034, growing at a compound annual growth rate (CAGR) of 2.95% over the forecast period from 2025 to 2034. Polyethylene Terephthalate (PET) Market : The global polyethylene terephthalate (PET) market size was estimated at USD 39.25 billion in 2024 and is predicted to increase from USD 41.47 billion in 2025 to approximately USD 68 billion by 2034, expanding at a CAGR of 5.65% from 2025 to 2034. Polyethylene Glycol (PEG) Market : The global polyethylene glycol (PEG) market volume was reached at 450,000 tons in 2024 and is expected to be worth around 788,565.1 tons by 2034, growing at a compound annual growth rate (CAGR) of 5.77% over the forecast period 2025 to 2034. Polyolefin Sheets in Industrial Market: The global polyolefin sheets in industrial market size accounted for USD 8.49 billion in 2024, grew to USD 8.99 billion in 2025, and is expected to be worth around USD 14.99 billion by 2034, poised to grow at a CAGR of 5.85% between 2025 and 2034. Polymer Denture Material Market : The global polymer denture material market size accounted for USD 2.49 billion in 2025 and is forecasted to hit around USD 4.11 billion by 2034, representing a CAGR of 5.75% from 2025 to 2034. What Is Going Around The Globe In Recycled Polyolefin Market? In October 2024 EREMA presented its new INTAREMA TVEplus Regrind Ro machine for Europe, which advances the recycling of polyolefins by providing higher quality recyclates and greater flexibility in processing contaminated plastic materials efficiently. In January 2025, PolyCyclA, the startup based in Chandigarh revealed a revolutionary plastic recycling technology in Bengaluru, leveraging AI for advanced sorting and recovery of polyolefins to reduce dependency on landfills and advance sustainable plastic management. In March 2025, GCR launched a new polyolefin recycling facility in Spain to support the circular economy. The facility features cutting-edge technologies to specifically recycle plastic waste into quality recycled polyolefins to allow for industrial reuse. Top 10 Companies in Recycled Polyolefin Market & Their Contributions LyondellBasell- Developing Europe's largest advanced plastic recycling hub in Knapsack, Germany to supply feedstock for its Wesseling and Geleen sites; aims to produce 2 million metric tonnes/year of recycled and renewable polymers by 2030. SABIC- Under its TRUCIRCLE™ portfolio, SABIC offers mechanical and certified circular polymers via advanced recycling; in India, a MoU with Pashupati Group to process post-consumer plastic into pyrolysis oil for certified circular polyolefins Dow- Utilities both mechanical and advanced recycling; offers REVOLOOP™ post-consumer recycled PCR resins, chemical recycling partnerships (Mura, Freepoint, Valoregen) to scale rPO feedstock capacity by 2030 INEOS- Offers Recycl-IN hybrid polymers mixing PCR with engineered virgin resins (up to 60% PCR content); also developing advanced recycling and 'design for recycling' mono-material films Borealis- Borcycle™ mechanical & chemical recycling tech converting mixed post-consumer waste into high-quality rPO; acquisitions (mtm, Ecoplast, Integra, Rialti) boosting capacity; demonstration compounding line in Belgium operational mid-2025 GCR- CICLIC® portfolio of high-quality rHDPE, rLDPE, rLLDPE, rPP produced via mechanical recycling; new Spain plant (Castellet i la Gornal) with 130,000 t/yr capacity; CO₂ savings up to 90% Pashupati Group- Indian recycler producing food-grade recycled polyolefin granules (HDPE/PP); exports to 25+ countries; MoU with SABIC for advanced recycling (pyrolysis oil feedstock) and value-added rPO pellets Omya International AG- Provides calcium carbonate masterbatch (Omyaloop MIX) to enhance mechanical properties of recycled polyolefin blends (PE/PP); enables broader feedstock acceptance and lower carbon footprint Recycled Polyolefin Market Top Key Companies: LyondellBasell SABIC Dow INEOS Borealis GCR Pashupati Group Omya International AG Recycled Polyolefin Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chem and Materials has segmented the global Recycled Polyolefin Market By Product Low-density Polyethylene (LDPE) High-density Polyethylene (HDPE) Polyethylene Terephthalate (PET) Polypropylene Other Product Types By Source Plastic Bottles Plastic Films Polymer Foam Other Sources By Application Food Packaging Construction Automotive Non-food Packaging Other Applications By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chem and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. 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Pharma Contract Research Organization (CRO) Services Market to Cross USD 36.66 Billion in 2025, Expanding at a CAGR of 10.04%
The global pharma contract research organization (CRO) services market size is calculated at USD 36.66 billion in 2025 and is expected to reach around USD 87.03 billion by 2034, growing at a CAGR of 10.04% for the forecasted period. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global pharma contract research organization (CRO) services market size was valued at USD 33.31 billion in 2024 and is predicted to hit around USD 87.03 billion by 2034, a study published by Towards Healthcare a sister firm of Precedence Research. The growth of the market is driven by the growing factors like increased research and development spending, a growing number of clinical trials, and the rising prevalence of chronic diseases, which drives the growth of the market. Get a quick preview of key market insights and trends shaping the Pharma CRO Services landscape: Key Takeaways North America dominated the global pharma contract research organization (CRO) services market in 2024. Asia-Pacific is anticipated to grow at the fastest rate in the market during the forecast period. By scale of operation, the discovery services segment held a dominant presence in the market in 2024. By scale of operation, the preclinical services segment is anticipated to grow at the fastest rate in the market during the studied years. By target therapeutic area, the oncological disorder segment held the largest share of the pharma contract research organization (CRO) services market in 2024. By target therapeutic area, the cardiovascular disorder segment is estimated to grow at a significant rate during the predicted timeframe. Market Overview & Potential A pharmaceutical Contract Research Organization (CRO) provides a range of research services to biotech, pharmaceutical, and medical device companies. These include preclinical studies, clinical trial management, regulatory support, and more, helping clients develop and get approval for new drugs and medical devices. CROs bring specialized expertise and resources that support the entire drug development process, from initial research to post-market monitoring. They offer benefits such as saving costs and time, access to expert knowledge, allowing clients to focus on their core activities, and increasing efficiency and speed, making them an attractive choice for consumers. Access detailed data tables, segment analysis, and regional breakdowns in our comprehensive market databook: What is the Growth Potential Responsible for The Growth of The Pharma Contract Research Organization (CRO) Services Market? The market growth is primarily fueled by the rising number of clinical trials, increased outsourcing of R&D activities, and the demand for cost-effective drug development solutions. Technological innovations, especially in AI and machine learning, along with the growing complexity of clinical trials, further drive the market. Additional growth factors include more clinical trials by pharma and biotech firms, cost efficiency, advanced technologies, complex trial designs, regulatory pressures, an expanding pipeline of new therapies, the rise of personalized medicine, and the broader scope of CRO services. What Are the Growing Trends Associated with the Pharma Contract Research Organization (CRO) Services Market? Outsourcing Of Clinical Trials The factors such as cost efficiency, specialised expertise, and advanced technology demand for outsourcing of clinical trial services. Technological Advancement The integration of AI and ML for electronic data capture and electronic master files, and automating the processes, is a growing trend that drives the growth. Focus On Personalized Medicine and Biologics The growing demand for personalized medicines and biologics catering to the needs of the patient and consumers drives the growth of the market. Increased Research and Development Spending The growing pharmaceutical sector demand for research and development of new and innovative formulations, which demands CRO services, fuels market growth. You can place an order or ask any questions, please feel free to contact us at sales@ What Is the Growing Challenge in the Pharma Contract Research Organization (CRO) Services Market? The key challenge that limits the growth of the market is the regulatory complexity, as different landscapes and regions demand significant expertise and resources, which is a challenge in the growth of the market. The high operational costs are also a challenge, like technological advancements, skilled labor, and regulatory compliance, con contribute to the high operational costs, which limit the growth of the market. Regional Analysis How Did North America Dominate the Pharma Contract Research Organization (CRO) Services Market in 2024? North America dominated the global pharma market in 2024. The growth of the market is driven by technological advancements in the market to improve efficiency and speed of drug development through data analytics and AI fuels the growth of the market. The key players in the region also play a major role in the growth due to the offering and innovation in product development, which drives the growth like IQVIA, Laboratory Corporation of America Holding, Syneos Health, Parexel International Corporation, and ICON plc are some of the major players in the region. The growth is also seen as driven by research and development spending, focus on chronic diseases, and growing demand for outsourcing of research; these factors boost the growth of the market in the region. Contract Research Organization (CRO) services in the U.S. are growing through increased outsourcing of clinical trials, rising biotech startups, and FDA support for faster approvals. Technological integration, decentralized trials, and access to diverse patient populations also drive expansion, making the U.S. a global hub for clinical research innovation. Canada's pharma contract research organization (CRO) services are expanding steadily through increasing biotech-pharma collaborations, government innovation funding, and adoption of virtual and AI-enabled clinical trials. Regulatory reliance on CROs for compliance, combined with growing oncology and rare-disease studies, is driving wider use across provinces. What Made Asia Pacific Significantly Grow in The Pharma Contract Research Organization (CRO) Services Market In 2024? Asia-Pacific is anticipated to grow at the fastest rate in the market during the forecast period. The growth of the market is driven by the increasing R&D spending, growing clinical trials, outsourcing trends, technological advancements, and cost effectiveness, which fuels the growth of the market in the region. The technological advancements and stringent regulatory standards attract companies that focus on the development of innovative drugs, which boosts the growth of the market. The expanding pharmaceutical companies, biotechnology firms, and medical devices companies in the region also promotes the growth of the market. The pricing and growing pool of skilled professionals in the region also contribute to the growth of the market. CRO services in China are growing through supportive regulatory reforms, such as faster clinical trial approvals and acceptance of foreign trial data. The government encourages innovation, prompting CROs to expand capabilities across drug discovery, toxicology, and clinical operations. Collaborations between academic institutions and CROs are increasing, and the growing pool of trained clinical researchers is enhancing service quality. Additionally, many CROs are integrating digital tools and AI to streamline trial processes. India's CRO growth is driven by a skilled, English-speaking workforce, a large and diverse patient population, and improvements in regulatory efficiency. Academic partnerships and government-backed innovation hubs foster research collaboration. CROs are adopting advanced technologies like remote monitoring, e-clinical platforms, and AI-based data analysis. Training programs enhance GCP compliance and clinical staff proficiency. Get the latest insights on life science industry segmentation with our Annual Membership: Segmental Insights By Scale Of Operation The discovery services segment held a dominant presence in the market in 2024. Discovery services represent a foundational segment in the pharma contract research organization (CRO) services market, focusing on early-stage research to identify promising drug candidates. These services include target identification, hit discovery, lead optimization, and assay development, providing critical scientific insights before preclinical studies begin. By outsourcing discovery work, pharmaceutical companies can accelerate timelines, reduce costs, and access specialized expertise. The growing demand for innovative therapies and rapid pipeline expansion strongly supports the growth of discovery services within the CRO market. The preclinical services segment is anticipated to grow at the fastest rate in the market during the studied period. Preclinical services are a crucial segment of the pharma contract research organization (CRO) services market, focusing on evaluating drug candidates' safety and efficacy before human trials. These services include toxicology studies, pharmacokinetics, pharmacodynamics, and bioanalytical testing, providing essential data for regulatory submissions. By outsourcing preclinical work, pharmaceutical companies reduce development costs, access advanced technologies, and accelerate timelines. The increasing complexity of drug molecules and stricter regulatory standards drive demand for preclinical services, fueling the growth of the CRO market globally. By Target Therapeutic Area The oncological disorder segment held the largest share of the pharma contract research organization (CRO) services market in 2024. Oncological disorders represent a major target therapeutic area in the pharma market, driven by the urgent need for effective cancer treatments. CROs support pharmaceutical and biotech companies by providing specialized services across the drug development spectrum, including discovery, preclinical, and clinical studies focused on oncology. The complexity of cancer research, demand for targeted and personalized therapies, and rising global cancer incidence fuel this segment's growth, making oncology one of the most heavily invested areas in CRO services worldwide. The cardiovascular disorder segment is estimated to grow at a significant rate during the predicted timeframe. Cardiovascular disorders are a significant target therapeutic area in the pharma contract research organization (CRO) services market, driven by the high global prevalence of heart-related diseases. CROs support drug development for cardiovascular therapies through specialized discovery, preclinical, and clinical services, including safety assessments, efficacy studies, and biomarker analysis. The need for innovative treatments to address heart failure, hypertension, and related conditions fuels demand for CRO expertise. This strong focus supports market growth and advances the development of life-saving cardiovascular drugs worldwide. Elevate your healthcare strategy with Towards Healthcare. Enhance efficiency and drive better outcomes schedule a call today: Recent Developments in the Pharma Contract Research Organization (CRO) Services Market In March 2025, LSK Global Pharma Services selected Oracle Argus to manage and expand its global pharmacovigilance operations, for the management of the databases of pharmaceutical companies, ensuring safety. In November 2024, Thermo Fisher Scientific launched a suite of expanded CRO and CDMO services under its brand. The company has introduced to the market its Accelerator™ Drug Development, which Thermo Fisher is marketing as '360°' CDMO and CRO drug development solutions. Top Companies and Their Contributions to the Pharma Contract Research Organization (CRO) Services Market Company Contributions & Offerings IQVIA A leader in data-driven CRO services, IQVIA offers clinical development, real-world evidence, and technology-enabled solutions globally. Parexel International Specializes in regulatory consulting, Phase I-IV clinical trials, and biotech partnerships, with a focus on patient-centric trials. Medpace Provides full-service clinical trial management, emphasizing therapeutic expertise and in-house services like labs and imaging. Charles River Laboratories Offers preclinical and early-phase clinical services, with expertise in drug discovery, safety assessment, and lab sciences. CTI Clinical Trial & Consulting Focuses on rare diseases and regenerative medicine, offering personalized CRO services from preclinical to commercialization. WuXi AppTec Delivers comprehensive R&D solutions, including lab testing, manufacturing, and clinical services, mainly serving pharma and biotech. Veeda Clinical Research India-based CRO offering cost-effective early and late-phase clinical trials, bioavailability and bioequivalence studies. ICON plc A global CRO with expertise across all phases, providing clinical development and commercialization support using advanced analytics. LabCorp (Covance) Integrates diagnostics and drug development, offering end-to-end clinical trial services through its Covance division. Syneos Health Blends clinical development with commercialization, offering biopharma integrated solutions and a strong site-network model. Top Companies in the Pharma Contract Research Organization (CRO) Services Market IQVIA Parexel International (MA) Corporation Medpace Charles River Laboratories CTI Clinical Trial & Consulting WuXi AppTec Veeda Clinical Research ICON plc Laboratory Corporation of America Holdings Syneos Health Browse More Insights of Towards Healthcare: Medical Device CRO Market:The medical device contract research organization (CRO) market is valued at USD 8.49 billion in 2024, grows to USD 9.25 billion in 2025, and is expected to reach USD 19.9 billion by 2034, with a strong annual growth rate (CAGR) of 8.98%. Biopharmaceuticals CRO Market:The biopharmaceuticals contract research organization market is expected to grow steadily from 2025 to 2034, potentially reaching hundreds of millions of dollars in revenue during the forecast period. Healthcare CRO Market:The healthcare contract research organization (CRO) market is estimated at USD 53.87 billion in 2024, rises to USD 57.66 billion in 2025, and could reach USD 106.25 billion by 2034, growing at a CAGR of 7.04%. Preclinical CRO Market:The preclinical contract research organization (CRO) market is expected to grow from USD 6.8 billion in 2025 to USD 14.34 billion by 2034, at a CAGR of 8.73%. Biologics CRO Market:The biologics contract research organization market is valued at USD 31.15 billion in 2024, will grow to USD 35.22 billion in 2025, and is projected to reach USD 106.28 billion by 2034. Biotechnology & Pharmaceutical Services Market:The biotechnology and pharmaceutical services market stands at USD 76.51 billion in 2024, increases to USD 80.7 billion in 2025, and is expected to reach USD 130.56 billion by 2034, growing at a CAGR of 5.48%. Pharmaceutical Spray Drying Market:The pharmaceutical spray drying market is calculated at USD 2.37 billion in 2024, grows to USD 2.55 billion in 2025, and is projected to reach USD 4.93 billion by 2034, with a CAGR of 7.67%. Biopharmaceutical Third-Party Logistics Market:The biopharmaceutical third-party logistics (3PL) market is estimated at USD 143.44 billion in 2024, grows to USD 152.93 billion in 2025, and could hit USD 276.24 billion by 2034. Cold Chain Pharmaceuticals Market:The cold chain pharmaceuticals market is valued at USD 6.42 billion in 2024, increases to USD 6.67 billion in 2025, and is projected to reach USD 9.33 billion by 2034, with a CAGR of 3.83%. Radiopharmaceutical Market:The radiopharmaceutical market is worth USD 6.8 billion in 2024, grows to USD 7.32 billion in 2025, and is expected to reach USD 14.11 billion by 2034, expanding at a CAGR of 7.57%. Regions Covered North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Download the complete strategic report with deep analysis, forecast and competitive intelligence tailored for decision-makers: You can place an order or ask any questions, please feel free to contact us at sales@ Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of healthcare: Get a Subscription About Us Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. 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Personalized Stickers Market Valued at USD 4.84 Billion in 2025
According to Towards Packaging consultants, the global personalized stickers market is projected to reach approximately USD 7.99 billion by 2034, increasing from USD 4.58 billion in 2024, at a CAGR of 5.73% during the forecast period 2025 to 2034. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global personalized stickers market size was recorded at USD 4.84 billion in 2025 and is forecast to increase to USD 7.99 billion in 2034, as per findings from a study published by Towards Packaging, a sister firm of Precedence personalized stickers market is experiencing significant growth due to the rising demand for customized and visually appealing branding solutions across various sectors, including e-commerce, retail, and personal gifting. Consumers and businesses alike are increasingly seeking stickers that reflect individual styles, brand identities, and creative expressions. Technological advancements in digital printing and adhesive materials have made high-quality customization more accessible and cost-effective. Additionally, the popularity of social media platforms has fuelled interest in aesthetic packaging, further driving the adoption of personalized stickers. Sustainability trends are also shaping the market, with growing demand for eco-friendly and biodegradable sticker materials. Overall, the market is characterized by innovation, customization, and a strong consumer preference for uniqueness. What are personalized stickers? Personalized stickers are custom-designed adhesive labels that are tailored to reflect an individual's or brand's specific preferences, identity, or message. Unlike mass-produced stickers, personalized ones allow users to choose elements such as text, images, colors, shapes, and sizes to suit their unique needs. They are widely used for personal expression, gifting, event decoration, branding, and marketing. From monogrammed name tags to company logos and custom artwork, these stickers serve both aesthetic and functional purposes. Advancements in digital printing technology have made it easier and more affordable to produce high-quality, small-batch personalized stickers, increasing their popularity across e-commerce, stationery, and promotional Are the New Trends in The Personalized Stickers Market? Design Preferences & Aesthetics Chaotic Customization: Layered, eclectic styles with vibrant colors and mixed media appeal to Gen Z and creative consumers. Minimalist & Monochrome: Clean, simple black-and-white or single-tone designs are trending for elegance and versatility. Hand-Drawn Illustrations: Authentic, artistic sticker designs are increasingly popular for personalized expression. Personal Expression & Custom Themes Face & Pet Stickers: Custom cutouts of faces, pets, or characters are popular for planners, scrapbooks, and gifts. Pop Culture & Memes: Stickers featuring trending memes or icons are widely used for phone cases, laptops, and social media content. Sustainability & Materials Eco-Friendly Materials: Growing demand for biodegradable, compostable, and recyclable sticker materials. Soy-Based Inks: Used as a safer, eco-conscious alternative to petroleum-based printing inks. Reusable/Removable Adhesives: Stickers that can be repositioned without residue are gaining preference. Specialty Finishes & Effects Holographic and Iridescent: Shiny, color-shifting materials are popular for visual impact on electronics, notebooks, and packaging. Glitter & Metallic Accents: Eye-catching embellishments are trending, especially in cosmetic and gift-related sticker markets. Matte vs. Gloss Finishes: Consumers are increasingly choosing based on the intended use and tactile feel. Tech Integration & Interactivity QR Code Stickers: Used for promotions, digital menus, or linking to personal websites/socials. NFC-Enabled Stickers: Smart stickers that allow data sharing or interaction when tapped with a phone. Augmented Reality (AR) Stickers: AR layers bring printed stickers to life with motion graphics via smartphone apps. Market Applications Branding & Packaging: Small businesses are customizing stickers for product packaging, brand logos, and thank-you labels. Event & Wedding Stickers: Personalized labels for invites, favours, and decor are booming in the event industry. Digital-to-Physical Merchandising: Online creators convert digital art into physical sticker merch for fans and is the Potential Growth Rate of the Personalized Stickers Market? The personalized stickers market in the packaging industry is experiencing strong growth in 2025 due to rising demand for distinctive and cost-effective branding solutions. Small and mid-sized businesses, especially in e-commerce and artisanal sectors, are using custom stickers to enhance packaging aesthetics and establish brand identity without investing in fully customized packaging. Stickers allow quick personalization, seasonal updates, and limited-edition designs, offering flexibility and visual impact at a low cost. Advances in digital printing technologies and on-demand production enable rapid turnaround for small batches, which is crucial for personalized packaging. Additionally, sustainability trends are pushing the use of eco-friendly sticker materials like recycled paper and compostable adhesives, aligning with green packaging practices and consumer preferences. In March 2025, packaging startup Packily partnered with multiple D2C brands to launch biodegradable personalized sticker solutions for eco-conscious product packaging. The initiative helps small businesses adopt sustainable branding without changing core packaging formats, demonstrating how personalized stickers are becoming vital tools in flexible, responsible packaging strategies. Limitations & Challenges in the Personalized Stickers Market: Environmental Concerns Over Non-Eco Materials Many personalized stickers, especially vinyl or plastic-based are not biodegradable and contribute to environmental waste. Growing regulatory pressure and consumer awareness about sustainability are forcing manufacturers to invest in eco-friendly alternatives, which may raise costs. Intellectual Property & Design Issues Custom stickers often include logos, artwork, or copyrighted content. Improper use can lead to IP infringement claims, making it a legally sensitive area, especially for print-on-demand platforms. Competition from Digital Alternatives As digital expression grows (e.g., custom emojis, GIFs, and digital stickers in messaging apps), physical sticker demand in certain segments like personal gifting can decline, particularly among younger, tech-savvy consumers. More Insights of Towards Packaging: Pharmaceutical Tube Packaging Market - The pharmaceutical tube packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Medication Dispensing and Packaging Systems Market - The medication dispensing and packaging systems market is projected to reach USD 588.46 million by 2034, growing from USD 330.22 million in 2025. In Vitro Diagnostics Packaging Market - The in vitro diagnostics packaging market is forecast to grow from USD 9.07 billion in 2025 to USD 14.25 billion by 2034, driven by a CAGR of 5.14%. Tea Packaging Market - The tea packaging market is forecast to grow from USD 6.75 billion in 2025 to USD 10.21 billion by 2034, driven by a CAGR of 4.7% from 2025 to 2034. Sustainable Foodservice Packaging Market - The global sustainable foodservice packaging market size is estimated to reach USD 117.2 billion by 2034, up from USD 63.21 billion in 2024. Medical Packaging Films Market - The medical packaging films market is forecasted to expand from USD 9.36 billion in 2025 to USD 17.65 billion by 2034, growing at a CAGR of 7.3% from 2025 to 2034. Medical Tubing and Catheters Market - The global medical tubing and catheters market is forecast to grow from USD 36.00 billion in 2025 to USD 74.99 billion by 2034, driven by a CAGR of 8.5%. Vial Cap Sealing Machine Market - The vial cap sealing machine market is projected to reach USD 1161.02 million by 2034, expanding from USD 781.48 million in 2025, at an annual growth rate of 4.5%. OPP Pouches Market - The global OPP pouches market was valued at USD 9.50 billion in 2024, grew to USD 9.77 billion in 2025, and is projected to reach USD 12.58 billion by 2034. Transit Packaging Market - The global transit packaging market was valued at USD 247.41 billion in 2024 and is expected to reach USD 486.25 billion by 2034. Regional Analysis Who is the leader in the Personalized Stickers Market? North America is the dominant region in the personalized stickers market due to the high demand for customized products across industries such as retail, e-commerce, events, and personal gifting. The region has a strong culture of self-expression and DIY creativity, driving the popularity of custom sticker printing for laptops, water bottles, packaging, and marketing. Additionally, the presence of numerous online platforms offering easy design tools and quick turnaround times boosts consumer access and engagement. Advanced printing technology, eco-friendly material adoption, and high spending on personalized goods also contribute to North America's leadership in the personalized stickers market. U.S. Market Trends The U.S. leads the North American personalized stickers market due to its strong e-commerce ecosystem, high consumer demand for customized and expressive products, and presence of numerous online printing companies like Sticker Mule, Vistaprint, and Redbubble. The culture of personalization in areas like branding, scrapbooking, laptop decals, and event decorations drives significant growth. Social media trends and influencer merchandising also fuel the popularity of custom sticker products. Canada Market Trends Canada shows steady growth in the personalized stickers market, supported by increasing small business activities, demand for eco-friendly packaging, and personalized marketing tools. Local artists and creators actively use platforms like Etsy to sell unique, custom-designed stickers. The rising use of stickers in wedding décor, stationery, and educational materials also adds to market expansion. How is the Opportunistic Rise of the Asia Pacific in the Personalized Stickers Market? The Asia-Pacific region is the fastest-growing market for personalized stickers due to its large population base, rapid urbanization, and increasing demand for custom and expressive products across countries like China, India, Japan, and South Korea. The rise of small businesses, online sellers, and DIY culture, especially on platforms like Etsy, Shopee, and Taobao, fuels the popularity of personalized stickers for branding, packaging, and gifting. Technological advancements in digital printing and greater affordability of customization services have made it easier for individuals and businesses to create unique designs. Additionally, youth-driven trends and social media influence continue to accelerate sticker personalization demand across the region. China Market Trends China is a key growth driver in the Asia-Pacific personalized stickers market. A massive e-commerce ecosystem, a large population, and demand for custom packaging and branding in small businesses fuel market expansion. Online marketplaces like Taobao and along with rising DIY and hobby culture, further accelerate demand for customized sticker designs. Local manufacturers also offer scalable, cost-effective production for both domestic and international markets. India Market Trends India's personalized stickers market is expanding rapidly due to the surge in online entrepreneurship, digital printing accessibility, and social media–driven consumerism. Small businesses, wedding planners, and students actively use stickers for branding, decoration, and personal expression. Platforms like Amazon, Flipkart, and Meesho are enabling growth in both urban and tier 2/3 cities, supported by a young, creative population. Japan Market Trends Japan has a mature yet vibrant market for personalized stickers, driven by strong demand for aesthetic stationery, kawaii culture, and lifestyle branding. Stickers are widely used for journaling, character merchandise, and gift personalization. High-quality printing standards and attention to design details make Japan a leading hub for premium sticker production and innovation. South Korea Market Trends In South Korea, personalized stickers are gaining popularity among youth and small business owners. Influencer and pop culture trends, including K-pop fandom merchandise and beauty product packaging, are major growth drivers. The country's strong digital infrastructure and widespread use of e-commerce platforms help facilitate custom orders and quick delivery. Australia Market Trends Australia shows steady growth in the personalized stickers market, especially in the small business, event, and DIY crafting segments. Local demand is driven by Etsy sellers, wedding planners, and boutique brands seeking high-quality, eco-friendly customization. A strong preference for sustainable materials and unique designs defines the Australian consumer base. How Big is the Success of the European personalized Stickers Market? Europe is experiencing notable growth in the personalized stickers market due to increasing demand for customized branding solutions among small businesses, startups, and e-commerce sellers. The region's strong culture of personalization, particularly in countries like Germany, the UK, and France, fuels the use of stickers for packaging, event decoration, and stationery. \ Sustainability is also a key driver, with growing preference for eco-friendly materials and recyclable sticker products. Advancements in digital printing technology, along with easy-to-use online customization platforms, make personalized sticker production accessible to individuals and businesses alike. Additionally, rising interest in DIY crafts and gifting trends supports market expansion. How Crucial is the Role of Latin America in the Personalized Stickers Market? Latin America is witnessing considerable growth in the personalized stickers market due to increasing digital adoption, expanding e-commerce, and rising interest in custom branding among small and medium-sized enterprises. Countries like Brazil, Mexico, and Argentina are seeing a surge in online sellers, local artisans, and event planners using personalized stickers for packaging, promotions, and gifting. The growing popularity of social media platforms has also encouraged young entrepreneurs and influencers to adopt custom sticker merchandise for personal branding. Additionally, improvements in digital printing infrastructure and broader access to affordable customization tools have made it easier for individuals and businesses to create and order stickers. A rising DIY and crafting culture, combined with creative youth engagement, further drives demand across the region. How does the Middle East and Africa lead the Personalized Stickers Market? The Middle East and Africa region supports the growth of the personalized stickers market through increasing digital connectivity, expanding small business ecosystems, and a rising culture of customization. In countries like the UAE, Saudi Arabia, and South Africa, personalized stickers are gaining traction in sectors such as retail, events, and e-commerce packaging. The region's youth-driven market, along with growing interest in DIY crafts and personalized gifting, fuels demand for custom sticker solutions. Moreover, the emergence of local printing businesses and online customization platforms makes sticker production more accessible. As branding and product presentation become key marketing tools, the personalized sticker market continues to expand steadily in this Outlook Material Insights Plastic material dominates the personalized stickers market due to its durability, flexibility, and cost-effectiveness. It offers excellent resistance to water, chemicals, and environmental conditions, making it ideal for both indoor and outdoor applications. Plastic stickers maintain vibrant colors and clarity over time, enhancing brand visibility and appeal. The material supports various printing technologies, enabling high-quality customization at scale. Additionally, plastic's versatility allows for a wide range of finishes, including glossy, matte, and transparent options, catering to diverse consumer preferences. Its widespread availability and low production cost further strengthen its position as the leading material in the personalized stickers market. Eco-friendly materials, such as recycled paper, plant-based plastics, and water-based inks, represent the fastest-growing segment in the personalized stickers market. Rising consumer awareness around sustainability, coupled with government incentives for greener packaging, has driven this surge. Although plastic remains dominant, its eco-friendly alternatives are rapidly gaining ground due to their perceived environmental benefits. This trend is fueling investment in bio‑based adhesives and compostable substrates, appealing strongly to eco-conscious brands and consumers seeking sustainable personalization options. Product Type Insights Vinyl stickers are the dominant product type segment in the personalized stickers market due to their superior durability, weather resistance, and versatility. These stickers are ideal for both indoor and outdoor use, as they can withstand exposure to moisture, sunlight, and harsh environmental conditions without fading or peeling. Vinyl also supports high-resolution printing, allowing for vibrant and long-lasting designs that enhance visual appeal. Its flexible yet sturdy nature makes it suitable for a wide range of surfaces, including glass, plastic, metal, and wood. Additionally, vinyl stickers are easy to apply and remove, further increasing their popularity among consumers and businesses. The fastest-growing product type in the personalized stickers market is clear stickers. These transparent vinyl designs are gaining significant traction thanks to their sleek, modern look that blends seamlessly into various surfaces such as glass, plastics, and metals. As reported, while vinyl remains the dominant material, clear stickers are emerging as the most rapidly expanding sub-segment due to their aesthetic appeal and versatility in packaging and branding applications. This trend reflects a broader shift toward minimalistic and clean designs, making clear stickers the star performer in the personalized sticker landscape. Application Insights Branding and packaging represent the dominant application segment in the personalized stickers market due to the growing demand for visually engaging and customized marketing tools. Businesses across various industries, especially e-commerce, retail, and food and beverage, use personalized stickers to enhance product appeal, reinforce brand identity, and create memorable unboxing experiences. Stickers offer a cost-effective way to convey logos, slogans, and promotional messages directly on packaging. The rise of small businesses and online sellers has further fuelled this demand, as they increasingly use stickers to differentiate their offerings. The versatility and affordability of personalized stickers make them ideal for branding and packaging. Advertising and promotion have emerged as the fastest-growing application segment in the personalized stickers market, driven by several key factors. Firstly, stickers offer a highly cost-effective advertising medium compared to traditional marketing channels, enabling brands to achieve long-term visibility without recurring costs. Their portability allows easy distribution at events, inside packages, or as guerrilla marketing tools, boosting organic brand exposure. Durability plays a major role in high-quality stickers remaining vibrant and weather-resistant, making them ideal for outdoor campaigns. Additionally, their use in promotional kits and influencer partnerships fosters social media amplification and memorable unboxing experiences, enhancing both engagement and brand Breakthroughs in the Global Market: In July 2025, the goal of Makro and VML's stickers on fresh produce is to reduce needless food waste by providing visual cues about the product's freshness and serving recommendations for each stage. In order to prevent food from being wasted while it is still edible, the Life Extending Stickers campaign aims to alter consumers' views about fresh produce's maturity and deterioration. In July 2025, in the fresh produce sector, Sinclair is reaffirming its dedication to sustainability through ongoing innovation and cooperation. With an emphasis on the company's certified compostable T55 PLU sticker, Sinclair's Director of Research and Development, Dr. M. Scott Howarth, recently provided updates on the company's progress in creating environmentally friendly labeling solutions. Personalized Stickers Market Top Key Players Avery Dennison 3M UPM Raflatac CCL Industries Arconvert and Bifem Multi-Color Corporation Ritrama Constantia Labels Neenah Cold Foil Chesapeake Label Group Cenveo Flexo Labels All-Pak Labels Multi-Graphics Label Impression Global Personalized Stickers Market Segments: By Material Paper Plastic (Vinyl, Polypropylene, etc.) Eco-friendly fabric-based By Product Type Die-cut Stickers Kiss-cut Stickers Clear Stickers Vinyl Stickers Bumper Stickers Static Cling Stickers Others (e.g., holographic, 3D, glitter stickers) By Application Personal Use (Gifting, Journals, Crafts) Branding & Packaging Advertising & Promotions Stationery & Office Supplies Automotive By Region North America U.S. Canada Europe Germany UK France Italy Spain Sweden Denmark Norway Asia Pacific China Japan India South Korea Thailand Latin America Brazil Mexico Argentina South Africa Middle East and Africa (MEA) UAE Saudi Arabia Kuwait Invest in Premium Global Insights @ If you have any questions, please feel free to contact us at sales@ About Us Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide. 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Animal Feed Market Size Set to Reach USD 989.80 Billion by 2034
According to Towards FnB, the global animal feed market size is expected to be worth USD 989.80 billion by 2034 increasing from USD 654.68 billion in 2025. The market is representing a CAGR of 4.70% between 2025 and 2034. Key trends like AI integration, innovative feed additives, and improving livestock nutrition are shaping the market's future. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global animal feed market size stood at USD 625.29 billion in 2024 with projections indicating a rise from USD 654.68 billion in 2025 to around USD 989.80 billion by 2034, expanding at a CAGR of 4.70% from 2025 to 2034, according to study published by Towards FnB, a sister firm of Precedence Research. The market has observed potential growth in recent years due to the high demand for quality meat, poultry, and aquaculture products due to the rising population. Hence, improved feed formulations to enhance the productivity of the stock are helping the growth of the animal feed market. Access the Full Study Instantly | Download Sample Pages of the Report Now@ Animal Feed Market Overview A growing population is leading to the changing lifestyles of consumers. The growing population of meat and poultry consumers is giving rise to the growth of the animal feed market as well. The market observes growth due to reasons such as quality produce, feeding the growing population, and ensuring the quality of the produce. The growth of the market is also challenging for the livestock segment. The market observes a spike due to the high demand for quality animal feed for healthy produce to suffice the growing meat needs. The increasing demand for aquaculture and fish meat is another major reason for the growth of the animal feed market. Nutritional feed for fish for better produce is another major reason for the growth of the market. The rising net income of consumers, improving the standard of living, and leading to higher demand for premium meat are also fuelling the growth of the animal feed market. The increasing demand for food products derived from animals is another major reason for the high demand for quality animal feed further leading to the growth of the market. According to the FAO, animal feed constitutes up to 70% of the total cost of livestock production, making feed efficiency and innovation critical to economic viability. Key Highlights of the Animal Feed Market By region, Asia Pacific led the animal feed market with the largest market share of 39% in 2024, due to the high demand for meat and poultry in the region to feed the growing population needs. By region, North America is expected to grow at the fastest rate during the foreseen period due to advanced technologies helping in animal nutrition and increasing awareness of utilizing compound feed for livestock. By species, the poultry segment captured the maximum market share of 38% in 2024, due to increasing demand for the segment to serve the growing population. By species, the cattle segment is observed to grow at a notable pace in the forecast period due to nutritionally balanced cattle feed for better produce. By additives, the amino acid segment generated the maximum market share of 32% in 2024, whereas the antibiotics segment is observed to grow at the fastest rate for improving the feed quality for better produce. Leading Countries in Animal Feed (2023) Country Production in Million Metric Tons (MMT) China 262.71 MMT United States 238.09 MMT India 52.83 MMT Mexico 40.42 MMT Spain 36.22 MMT AI integration in Animal Feed Sector: Major Opportunity for the Market AI integration is one of the major opportunities for the growth of the animal feed market in the foreseen period. Technological development helping the animal feed formulation helps the market grow in the foreseen period. Utilizing machine learning methods helps to enhance the nutrition level of animal feed for healthy animal produce to suffice the growing needs of the growing population. The advanced technology also helps animal feed manufacturers to maintain the sustainability factor to maintain a healthy environmental balance. For instance, startups like Connecterra and larger firms such as Cargill are already deploying AI-powered sensors and predictive analytics to monitor livestock health and optimize feed composition in real time. What are Latest Trends in the Animal Feed Market? Increased demand for quality animal feed involving a mixture of animal meat and organic feed for the complete nutrition of animals for healthy produce is one of the major factors helping drive the growth of the animal feed market. The development of freezing technology helpful for freezing animal feed to maintain its nutrition is another major factor fuelling the growth of the market. Mergers of companies, acquisitions, and government initiatives are also some of the factors aiding the growth of the market. Gain Comprehensive Market Insights – Download the Full Databook Today: Market Dynamics What is the Growth Driver of the Animal Feed Market? Multiple aiding factors help the growth of the animal feed market globally. The increasing population demand for meat produce is one of the major factors in the growth of the animal feed market. Rising disposable income, improving the standard of living of consumers, and high demand for premium demand lead to demand for high-quality animal feed as well. Hence, this continuous cycle of demand and supply is one of the major factors helping the growth of the market. Urban and semi-urban regions are observing high demand for quality meat leading to the growth of the market. What is the Barrier to the growth of Animal Feed Market? Multiple issues such as price fluctuations in key ingredients such as corn, soybean, oilseeds, and fishmeal act as a barrier to the growth of the animal feed market. Disruptions in the supply chain due to damaging environmental conditions, geopolitical issues, and pandemic-like situations also cause issues in the growth of the market. The high cost of raw materials in different regions is also one of the factors causing issues in the growth of the market. Regional Analysis Which Region Dominated the Animal Feed Market in 2024? Asia Pacific dominated the animal feed market in 2024. The rise in the demand for meat, poultry, and various other animal products led to the growth of the animal feed market in Asia Pacific in 2024. The growing population directly linked with the growth of rising demand for high-quality meat produce and poultry also helped the growth of the market. Consumer awareness regarding the benefits of feed additives for healthier produce and maintained nutrition of meat produce also fueled the market growth in the region. China being the largest animal feed producer has a major contribution to the growth of the market in the region. India to Grow Rapidly: What to Expect in the Upcoming Years? Expanding livestock and cattle population: India has the world's largest cattle population, fueling demand for both cattle and dairy feed. Strong poultry & aquaculture growth: Rising poultry consumption is driving poultry feed demand, while aqua-feed is among the fastest-growing sub-segments. Government support & infrastructure schemes: Initiatives such as the National Livestock Mission, AHIDF, E-Pashu Haat, and livestock insurance programs are boosting livestock productivity and feed sector investment. Import volatility and ingredient innovation: Rising raw material prices and supply uncertainties are pushing feed companies to explore lower-cost, alternative ingredients like insect meal and DDGS. North America is observed to be the fastest-growing region of the animal feed market in the foreseen period due to increasing demand for dairy, meat, and poultry in the region. Improved and advanced technology to enhance feed nutrition, improved research on feed additives, and escalation of livestock production are some of the major factors driving the growth of the animal feed market in North America. U.S. states have the highest technologies for enhancing animal feed and hence have a major contribution to the growth of the market in the region. Market Report Scope Report Attribute Key Statistics Base Year 2024 Forecast Period 2025 to 2034 Growth Rate from 2025 to 2034 CAGR of 4.70% Market Size in 2024 USD 625.29 Billion Market Size in 2025 USD 654.68 Billion Market Size by 2034 USD 989.80 Billion Dominated Region Asia Pacific Fastest Growing Region North America Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa Have Questions? Let's Talk—Schedule a Meeting with Our Insights Team: Animal Feed Market Segmental Analysis Species Type Analysis The Poultry Segment dominated the Animal Feed Market in 2024 Increased demand for poultry globally leading to high demand for its import and export has led to the growth of the animal feed market in 2024. Consumers with rising incomes and rising demands for premium meat have also fueled the growth of the animal feed market. Helpful and advanced poultry-rearing methods to keep the nutrition intact are also helping the growth of the market. Increasing demand for poultry is also leading to the growth of innovative products related to poultry. The whole process helps in the growth of the market as well. The cattle feed market is observed to grow notably in the expected timeframe as milk producers are focusing on blending the cattle feed with the nutritional blend for healthy yields and maintaining meat quality. Increasing demand for poultry products due to increasing population is also helping the animal feed market grow. Additives Analysis The Amino Acid Segment dominated the Animal Feed Market in 2024 The low capacity of livestock to produce amino acids has led to the growth of the amino acid feed segment further leading to the growth of the animal feed market. Lysine and methionine, amino acids are highly used by the dairy sector to enhance efficiency and lower metabolic disorders. Demand for high-quality and premium meat leading to healthy animal husbandry and high-quality cattle feed also helps in the growth of the market. The antibiotics segment of the animal feed market is observed to be the fastest growing segment in the foreseen period as it helps to enhance the nutritional factor of animal feed for healthier yields. Research has proved that adding antibiotics to feed additives has helped to enhance the nutritional level of feed. Hence, it directly helps to enhance the growth of the animal feed market. The involvement of antibiotics also helps to maintain animal health and lower the chances of animals getting affected by different types of diseases. Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Additional Topics Worth Exploring: Animal Feed Phytase Market: The global animal feed phytase market is rising from USD 660.98 million in 2025 to USD 1,184.87 million by 2034. This projected expansion reflects a CAGR of 6.7% throughout the forecast period from 2025 to 2034. Animal Feed Ingredients Market: The global animal feed ingredients market size is projected to expand from USD 42.77 billion in 2025 to USD 58.79 billion by 2034, growing at a CAGR of 3.6% during the forecast period from 2025 to 2034. Animal Nutrition Chemicals Market: The global animal nutrition chemicals market size is increasing from USD 12.76 billion in 2025 to USD 19.13 billion by 2034, driven by a CAGR of 4.6% during the forecast period from 2025 to 2034. U.S. Pet Food Market: The U.S. pet food market size is projected to witness strong growth from USD 45.39 billion in 2025 to USD 66.88 billion by 2034, reflecting a CAGR of 4.4% over the forecast period from 2025 to 2034. Allulose Market: The global allulose market size is projected to expand from USD 337.43 million in 2025 to USD 714.90 million by 2034, growing at a CAGR of 8.7% during the forecast period from 2025 to 2034. Prebiotics Market: The global prebiotics market size is expected to grow from USD 11.93 billion in 2025 to USD 41.74 billion by 2034, at a CAGR of 14.93% over the forecast period from 2025 to 2034. Specialty Food Ingredients Market: The global specialty food ingredients market size is projected to witness strong growth from USD 113.01 billion in 2025 to USD 179.87 billion by 2034, reflecting a CAGR of 5.3% over the forecast period from 2025 to 2034. Animal Feed Market Key Players Alltech Cargill, Incorporated Kemin Industries, Inc. Nutreco N.V. Charoen Pokphand Foods PCL BRF S.A. Purina Animal Nutrition LLC. New Hope Group ADM Animal Nutrition Kent Nutrition Group Recent Developments in the Animal Feed Market In July 2025, Corbion successfully received approvals for the launch of algae-derived omega 3 DHA products in China. The brand aims to launch the products in China's rapidly growing animal and human nutrition markets. (Source- In March 2025, Kemin Industries, a global ingredient manufacturer, launched their new feed pathogen control solution named 'Prosidium' at VIV Asia in Bangkok's feed and animal production tradeshow. (Source- Segments Covered in the Report By Species Poultry Cattle Swine Aqua Pet By Additives Antibiotics Vitamins Antioxidants Amino Acid Feed Enzymes Feed Acidifiers Others By Region North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Thank you for exploring our insights. For more targeted information, customized chapter-wise sections and region-specific editions such as North America, Europe, or Asia Pacific—are also available upon request For Detailed Pricing and Tailored Market Report Options, Click Here: Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Unlock expert insights, custom research, and premium support with the Towards FnB Annual Membership. For USD 495/month (billed annually), get full access to exclusive F&B market data and personalized guidance. It's your strategic edge in the food and beverage industry: About Us Towards FnB is a global consulting firm specializing in the food and beverage industry, providing innovative solutions and expert guidance to elevate businesses. With an in-depth understanding of the dynamic F&B sector, we deliver customized market analysis and strategic insights. Our team of seasoned professionals is committed to empowering clients with the knowledge needed to make informed decisions, ensuring they stay ahead of market trends. Partner with us as we redefine success in the rapidly evolving food and beverage landscape, and together, we'll navigate this transformative journey. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Chemical and Materials| Nova One AdvisorSign in to access your portfolio
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Animal Feed Market Size Set to Reach USD 989.80 Billion by 2034
According to Towards FnB, the global animal feed market size is expected to be worth USD 989.80 billion by 2034 increasing from USD 654.68 billion in 2025. The market is representing a CAGR of 4.70% between 2025 and 2034. Key trends like AI integration, innovative feed additives, and improving livestock nutrition are shaping the market's future. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global animal feed market size stood at USD 625.29 billion in 2024 with projections indicating a rise from USD 654.68 billion in 2025 to around USD 989.80 billion by 2034, expanding at a CAGR of 4.70% from 2025 to 2034, according to study published by Towards FnB, a sister firm of Precedence Research. The market has observed potential growth in recent years due to the high demand for quality meat, poultry, and aquaculture products due to the rising population. Hence, improved feed formulations to enhance the productivity of the stock are helping the growth of the animal feed market. Access the Full Study Instantly | Download Sample Pages of the Report Now@ Animal Feed Market Overview A growing population is leading to the changing lifestyles of consumers. The growing population of meat and poultry consumers is giving rise to the growth of the animal feed market as well. The market observes growth due to reasons such as quality produce, feeding the growing population, and ensuring the quality of the produce. The growth of the market is also challenging for the livestock segment. The market observes a spike due to the high demand for quality animal feed for healthy produce to suffice the growing meat needs. The increasing demand for aquaculture and fish meat is another major reason for the growth of the animal feed market. Nutritional feed for fish for better produce is another major reason for the growth of the market. The rising net income of consumers, improving the standard of living, and leading to higher demand for premium meat are also fuelling the growth of the animal feed market. The increasing demand for food products derived from animals is another major reason for the high demand for quality animal feed further leading to the growth of the market. According to the FAO, animal feed constitutes up to 70% of the total cost of livestock production, making feed efficiency and innovation critical to economic viability. Key Highlights of the Animal Feed Market By region, Asia Pacific led the animal feed market with the largest market share of 39% in 2024, due to the high demand for meat and poultry in the region to feed the growing population needs. By region, North America is expected to grow at the fastest rate during the foreseen period due to advanced technologies helping in animal nutrition and increasing awareness of utilizing compound feed for livestock. By species, the poultry segment captured the maximum market share of 38% in 2024, due to increasing demand for the segment to serve the growing population. By species, the cattle segment is observed to grow at a notable pace in the forecast period due to nutritionally balanced cattle feed for better produce. By additives, the amino acid segment generated the maximum market share of 32% in 2024, whereas the antibiotics segment is observed to grow at the fastest rate for improving the feed quality for better produce. Leading Countries in Animal Feed (2023) Country Production in Million Metric Tons (MMT) China 262.71 MMT United States 238.09 MMT India 52.83 MMT Mexico 40.42 MMT Spain 36.22 MMT AI integration in Animal Feed Sector: Major Opportunity for the Market AI integration is one of the major opportunities for the growth of the animal feed market in the foreseen period. Technological development helping the animal feed formulation helps the market grow in the foreseen period. Utilizing machine learning methods helps to enhance the nutrition level of animal feed for healthy animal produce to suffice the growing needs of the growing population. The advanced technology also helps animal feed manufacturers to maintain the sustainability factor to maintain a healthy environmental balance. For instance, startups like Connecterra and larger firms such as Cargill are already deploying AI-powered sensors and predictive analytics to monitor livestock health and optimize feed composition in real time. What are Latest Trends in the Animal Feed Market? Increased demand for quality animal feed involving a mixture of animal meat and organic feed for the complete nutrition of animals for healthy produce is one of the major factors helping drive the growth of the animal feed market. The development of freezing technology helpful for freezing animal feed to maintain its nutrition is another major factor fuelling the growth of the market. Mergers of companies, acquisitions, and government initiatives are also some of the factors aiding the growth of the market. Gain Comprehensive Market Insights – Download the Full Databook Today: Market Dynamics What is the Growth Driver of the Animal Feed Market? Multiple aiding factors help the growth of the animal feed market globally. The increasing population demand for meat produce is one of the major factors in the growth of the animal feed market. Rising disposable income, improving the standard of living of consumers, and high demand for premium demand lead to demand for high-quality animal feed as well. Hence, this continuous cycle of demand and supply is one of the major factors helping the growth of the market. Urban and semi-urban regions are observing high demand for quality meat leading to the growth of the market. What is the Barrier to the growth of Animal Feed Market? Multiple issues such as price fluctuations in key ingredients such as corn, soybean, oilseeds, and fishmeal act as a barrier to the growth of the animal feed market. Disruptions in the supply chain due to damaging environmental conditions, geopolitical issues, and pandemic-like situations also cause issues in the growth of the market. The high cost of raw materials in different regions is also one of the factors causing issues in the growth of the market. Regional Analysis Which Region Dominated the Animal Feed Market in 2024? Asia Pacific dominated the animal feed market in 2024. The rise in the demand for meat, poultry, and various other animal products led to the growth of the animal feed market in Asia Pacific in 2024. The growing population directly linked with the growth of rising demand for high-quality meat produce and poultry also helped the growth of the market. Consumer awareness regarding the benefits of feed additives for healthier produce and maintained nutrition of meat produce also fueled the market growth in the region. China being the largest animal feed producer has a major contribution to the growth of the market in the region. India to Grow Rapidly: What to Expect in the Upcoming Years? Expanding livestock and cattle population: India has the world's largest cattle population, fueling demand for both cattle and dairy feed. Strong poultry & aquaculture growth: Rising poultry consumption is driving poultry feed demand, while aqua-feed is among the fastest-growing sub-segments. Government support & infrastructure schemes: Initiatives such as the National Livestock Mission, AHIDF, E-Pashu Haat, and livestock insurance programs are boosting livestock productivity and feed sector investment. Import volatility and ingredient innovation: Rising raw material prices and supply uncertainties are pushing feed companies to explore lower-cost, alternative ingredients like insect meal and DDGS. North America is observed to be the fastest-growing region of the animal feed market in the foreseen period due to increasing demand for dairy, meat, and poultry in the region. Improved and advanced technology to enhance feed nutrition, improved research on feed additives, and escalation of livestock production are some of the major factors driving the growth of the animal feed market in North America. U.S. states have the highest technologies for enhancing animal feed and hence have a major contribution to the growth of the market in the region. Market Report Scope Report Attribute Key Statistics Base Year 2024 Forecast Period 2025 to 2034 Growth Rate from 2025 to 2034 CAGR of 4.70% Market Size in 2024 USD 625.29 Billion Market Size in 2025 USD 654.68 Billion Market Size by 2034 USD 989.80 Billion Dominated Region Asia Pacific Fastest Growing Region North America Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa Have Questions? Let's Talk—Schedule a Meeting with Our Insights Team: Animal Feed Market Segmental Analysis Species Type Analysis The Poultry Segment dominated the Animal Feed Market in 2024 Increased demand for poultry globally leading to high demand for its import and export has led to the growth of the animal feed market in 2024. Consumers with rising incomes and rising demands for premium meat have also fueled the growth of the animal feed market. Helpful and advanced poultry-rearing methods to keep the nutrition intact are also helping the growth of the market. Increasing demand for poultry is also leading to the growth of innovative products related to poultry. The whole process helps in the growth of the market as well. The cattle feed market is observed to grow notably in the expected timeframe as milk producers are focusing on blending the cattle feed with the nutritional blend for healthy yields and maintaining meat quality. Increasing demand for poultry products due to increasing population is also helping the animal feed market grow. Additives Analysis The Amino Acid Segment dominated the Animal Feed Market in 2024 The low capacity of livestock to produce amino acids has led to the growth of the amino acid feed segment further leading to the growth of the animal feed market. Lysine and methionine, amino acids are highly used by the dairy sector to enhance efficiency and lower metabolic disorders. Demand for high-quality and premium meat leading to healthy animal husbandry and high-quality cattle feed also helps in the growth of the market. The antibiotics segment of the animal feed market is observed to be the fastest growing segment in the foreseen period as it helps to enhance the nutritional factor of animal feed for healthier yields. Research has proved that adding antibiotics to feed additives has helped to enhance the nutritional level of feed. Hence, it directly helps to enhance the growth of the animal feed market. The involvement of antibiotics also helps to maintain animal health and lower the chances of animals getting affected by different types of diseases. Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Additional Topics Worth Exploring: Animal Feed Phytase Market: The global animal feed phytase market is rising from USD 660.98 million in 2025 to USD 1,184.87 million by 2034. This projected expansion reflects a CAGR of 6.7% throughout the forecast period from 2025 to 2034. Animal Feed Ingredients Market: The global animal feed ingredients market size is projected to expand from USD 42.77 billion in 2025 to USD 58.79 billion by 2034, growing at a CAGR of 3.6% during the forecast period from 2025 to 2034. Animal Nutrition Chemicals Market: The global animal nutrition chemicals market size is increasing from USD 12.76 billion in 2025 to USD 19.13 billion by 2034, driven by a CAGR of 4.6% during the forecast period from 2025 to 2034. U.S. Pet Food Market: The U.S. pet food market size is projected to witness strong growth from USD 45.39 billion in 2025 to USD 66.88 billion by 2034, reflecting a CAGR of 4.4% over the forecast period from 2025 to 2034. Allulose Market: The global allulose market size is projected to expand from USD 337.43 million in 2025 to USD 714.90 million by 2034, growing at a CAGR of 8.7% during the forecast period from 2025 to 2034. Prebiotics Market: The global prebiotics market size is expected to grow from USD 11.93 billion in 2025 to USD 41.74 billion by 2034, at a CAGR of 14.93% over the forecast period from 2025 to 2034. Specialty Food Ingredients Market: The global specialty food ingredients market size is projected to witness strong growth from USD 113.01 billion in 2025 to USD 179.87 billion by 2034, reflecting a CAGR of 5.3% over the forecast period from 2025 to 2034. Animal Feed Market Key Players Alltech Cargill, Incorporated Kemin Industries, Inc. Nutreco N.V. Charoen Pokphand Foods PCL BRF S.A. Purina Animal Nutrition LLC. New Hope Group ADM Animal Nutrition Kent Nutrition Group Recent Developments in the Animal Feed Market In July 2025, Corbion successfully received approvals for the launch of algae-derived omega 3 DHA products in China. The brand aims to launch the products in China's rapidly growing animal and human nutrition markets. (Source- In March 2025, Kemin Industries, a global ingredient manufacturer, launched their new feed pathogen control solution named 'Prosidium' at VIV Asia in Bangkok's feed and animal production tradeshow. (Source- Segments Covered in the Report By Species Poultry Cattle Swine Aqua Pet By Additives Antibiotics Vitamins Antioxidants Amino Acid Feed Enzymes Feed Acidifiers Others By Region North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Thank you for exploring our insights. 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