Tobacco Packaging Market Worth USD 20.45 Billion at 3.0 % CAGR

The global  consumer electronics market  size is expected to showcase considerable growth by reaching USD 989.37 by 2027. The growth is attributable to the growing demand for user-friendly electronic products and the rising residential sector that propels the demand for consumer electronics globally. Fortune Business Insights in its latest report, titled,  “Consumer Electronics Market Size, Share & Industry Analysis, By Product Type (Electronic Devices (Television, Computer, Digital Camera & Camcorder, and Others) and Home Appliances (Refrigerator, Washing Machine, Air Conditioner, and Others)), Distribution Channel (Offline and Online), and Regional Forecast, 2020-2027.”,  mentions that the market stood at USD 729.11 billion in 2019 and is projected to exhibit a CAGR of 5.3% between 2020 and 2027. COVID-19 Impact: Market to Register Significant Growth After Initial Slowdown According to our analysis, the global market for consumer electronics is expected to experience a ne

  The  medium-density fiberboard market  size is expected to reach USD 55,791.6 million by 2027, exhibiting a CAGR of 5.5% during the forecast period. The growing demand for furniture cabinetry and wood flooring subsurface will foster the healthy growth of the market, states Fortune Business Insights, in a report, titled “ Medium-Density Fiberboard Market Size, Share & Industry Analysis, By Type (Standard, Moisture Resistant, Fire-Rated), Application (Furniture, Construction & Flooring, Interior Designing, Packaging, and Others), and Regional Forecast, 2020-2027.”  The market size stood at USD 39,765.6 million in 2019. The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to norma

The global  high strength steel market size   is projected to reach USD 53.43 billion by 2026, exhibiting a CAGR of 8.1% during the forecast period. Rising demand for lightweight steel in the automotive industry is expected to be a major growth driver of this market. There is an urgent global need to reduce carbon emissions from automobiles and adoption of high strength steel in place of carbon steel offers a viable solution to this problem. This category of steel is known for its high strength capacity, which reduces the conventional steel requirement to manufacture vehicles and vehicular parts. Furthermore, high strength steel has a greater yield of 275 MPa and above along with carbon content between 0.05% and 0.25%, manganese content below 2%, and a combination of other metals. These properties make this type of the steel the ideal candidate for producing lightweight vehicles and this will also become one of the leading high strength steel market trends. According to a new Fortune

The global  bio-lubricants market size   is projected to reach USD 4,514.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. Soaring demand for electric vehicles (EVs) worldwide will create unique opportunities for players in this market, observes Fortune Business Insights™ in its report, titled “ Bio lubricants Market Size, Share & Covid-19 Impact Analysis, By Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, and Others), By End-use Industry (Automotive and Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and Others), and Regional Forecast, 2020-2027 ”. As per recent data and analysis released by the International Energy Agency (IEA), 2.1 million electric cars were sold across the globe in 2019, taking the global EV stock to 7.2 million. Electric car sales, the IEA highlights, accounted for 2.6% of the global car sales, and even amid the coronavirus pandemic,

  The global   luxury goods market size   is projected to reach  USD 352.84 billion  by 2027, exhibiting a CAGR of  4.6%  during the forecast period. It stood at  USD 316.16 billion  in 2019 and  USD 257.26 billion  in 2020. Heightening luxury goods consumption by wealthier people worldwide will stoke the market growth, suggests  Fortune Business Insights™ , in its report, titled, “ Luxury Goods Market, 2021-2028 ”. According to the data published by Oxfam International in 2020, 2153 billionaires are present worldwide. These billionaires are wealthier than the total of 4.6 billion people altogether. Moreover, in this pandemic crisis, rich people have gotten richer. Forbes reported that more than 22000 billionaires have collectively made $1.9 trillion in the year of crisis. The epicenter of the pandemic, China tops the ranking of wealthier people. It has more wealthy people than the U.S., states Credit Suisse Report on Global Wealth. It also mentions that the Asian country has 4.4 mil