Plastic Material and Resins Market Definition

Polystyrene Foam Product Manufacturing Market Definition

Paper Products Market Definition

The impact modifiers manufacture impact modifiers for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. Impact modifiers are the key additives for increasing flexibility, improving durability, and meeting the physical property requirements of rigid parts. They are added to compounded materials to improve the durability and toughness of plastic resins. The main types of products in the impact modifiers market are acrylic impact modifiers (AIM), acrylonitrile butadiene styrene (ABS), methacrylate-butadiene-styrene (MBS), chlorinated polyethylene (CPE), ethylene propylene diene monomer (EPDM), acrylonitrile styrene acrylate (ASA), and others. The acrylic impact modifier is used to improve the resistance performance of the product. The ABS impact modifier is used in applications such as computer and printer housings, consumer electronics, appliances, garden equipment, automotive parts, and toys. MBS impact modifier is tailor-made for the specific needs of rigid and semi-rigid indoor PVC applications. CPE is used as a toughening agent and possesses resistance to oil, ozone, and fire. EPDM impact modifiers are used in process industries that handle corrosive environments containing nitric acid and chromic acid in low concentrations, such as the electroplating industry. ASA impact modifiers are used in general prototyping in 3D printing and the automotive industry due to their high weather resistance. The impact modifiers' end-users are packaging, construction, consumer goods, automotive, and others. The products are applied to PVC, engineering plastics, PBT, nylon, and others. The impact modifier market research report is one of a series of new reports from The Business Research Company that provides impact modifier market statistics, including impact modifier industry global market size, regional shares, competitors with an impact modifier market share, detailed impact modifier market segments, market trends and opportunities, and any further data you may need to thrive in the impact modifier industry. This impact modifier market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global impact modifiers market size grew from $3.89 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The impact modifiers market size is expected to grow to $5.74 billion in 2027 at a CAGR of 7.6%. The increase in demand for impact modifiers in the construction industry is expected to drive the growth of the impact modifiers market. The growth in the usage of engineering plastics, PVC such as pipes and fittings, wires and cables, rigid sheets and panels, and bottles that are used in the construction industry is contributing to the growth of impact modifiers. For instance, in November 2022, according to the Office for National Statistics, a UK-based statistics authority, in volume terms, monthly construction output increased by 0.4% in August 2022, the second consecutive increase after July 2022's upwardly revised increase to 0.1%; in level terms, August 2022 is the second-highest monthly value (El 5,011 million), with May 2022 continuing to be at the highest level since records began in January 2010 (El 5,035 million). Therefore, the rise in construction activities boosted the demand for the impact modifier market. Environmental damage has always been a major challenge in the impact modifier market. The increase in demand for eco-friendly products is restraining the growth of the impact modifier market. Polyvinyl chloride and other highly pervasive plastic particles release hazardous chemicals into the surrounding soil that can later drain into groundwater and also cause environmental damage. From 2015 to 2020, global plastic production moved up from 300 million metric tonnes to 360 million metric tons. For instance, according to 2021 Waste and Recycling Statistics, published by the National Environment Agency, a Singapore-based public organization, 3.83 million tonnes of the 6.94 million tonnes of solid waste that were produced in 2021 were recycled. From 4.12 million tonnes and 1.77 million tonnes respectively, in 2020 to 5.12 million tonnes and 1.82 million tonnes respectively, in 2021, the amount of waste produced by the domestic and non-domestic sectors both increased. Thus, growing environmental damage regarding the usage of PVC products can inhibit the growth of the market. Companies in the impact modifiers market are focusing on collaboration and partnerships for product development and innovation. For instance, in 2020, Japan-based Mitsui Chemicals collaborated with Japan-based Prime Polymer to build a new polypropylene plant in the Netherlands that has a capacity of 30,000 mt/year and caters to the growing demand for polypropylene compounds from the automotive sector. In August 2022, L. Brüggemann GmbH & Co. KG, a Germany-based chemical company, acquired Auserpolimeri Srl for an undisclosed amount. With the acquisition, Auserpolimeri enables Brüggemann to significantly increase its market presence in the area of high-performance polymer additives. Auserpolimeri Srl is an Italy-based manufacturer of polymer additives. Major players in the impact modifiers market are Evonik Industries, E.I. Du Pont De Nemours & Co., Addivant, Kaneka Corporation, Arkema S.A., Mitsubishi Chemical Corporation, LG Chem., Mitsui Chemicals Inc., SI Group Inc., Novista Group, Indofil Industries Limited, Akzo Nobel N.V., and Chemtura Corporation. In 2022, Asia-Pacific was the largest region in the impact modifiers market. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the impact modifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the impact modifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The impact modifier market consists of sales of acrylate polymethacrylate copolymer (acrylic) and ethylene vinyl acetate copolymer (EVA). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global impact modifiers market is segmented - 1) By Type: AIM, ABS, MBS, CPE, EPDM, ASA, Other Types 2) By End-User: Packaging, Construction, Consumer Goods, Automotive, Other End-Users 3) By Application: PVC, Engineering Plastics, PBT, Nylon, Other Applications

Battery recycling refers to the method of reusing and reprocessing batteries in order to reduce the number of batteries being disposed as waste. Recycling can assist in extracting the raw ingredients from used batteries and sending them to businesses that manufacture products for reuse. This reduces the price of fresh batteries as well. The main types of batteries that are recycled include lead-acid battery, nickel-based battery, lithium-based battery and other battery types. Lead acid batteries are charged continuously from the power grid and are normally designed to provide power for brief periods of time to allow the facility to properly shut down equipment. Lead-acid batteries are extremely recyclable, achieving recycling rates of more than 90% in many countries. Nickel-based batteries have a positive electrode of nickel hydroxide and a negative electrode of cadmium and offer good performance in high ambient temperatures, good resistance to electrical use as they can be left in a discharged state for long periods without causing any permanent damage. Lithium-based batteries have a lithium metal oxide cathode and a carbon anode with an organic electrolyte and has the highest energy density of all rechargeable systems. The high capacity of active materials and a single cell voltage makes the battery suitable for a number of applications, ranging from high energy to high power. The processing states involved in battery recycling include extraction of material, reuse, repackaging and second life, and disposal, and this is used to recycle batteries from automotive, consumer electronics, industrial sectors. The battery recycling market research report is one of a series of new reports from The Business Research Company that provides battery recycling market statistics, including battery recycling industry global market size, regional shares, competitors with a battery recycling market share, detailed battery recycling market segments, market trends and opportunities, and any further data you may need to thrive in the battery recycling industry. This battery recycling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global battery recycling market size grew from $15.45 billion in 2022 to $17.6 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The battery recycling market size is expected to grow to $29.61 billion in 2027 at a CAGR of 13.9%. The increasing adoption of electric vehicles is expected to drive the growth of the battery recycling market in the forecast period. Electric vehicles (EV) are automobiles which are completely or partially powered by electricity. Disposing an electric vehicle battery is expensive, particularly if the waste contains valuable materials. Recycling is an opportunity to minimize life cycle costs by recovering high-value materials and avoiding the expense of hazardous waste disposal. With the growth in EV sales, the number of lithium-ion batteries in the market increases. The limited life of these batteries requires an effective recycling medium in order to stabilize domestic source of materials for battery production, reduce the demand for raw materials and minimize geopolitical disruptions of the supply chain. After a period of 5-8 years the power generated by these batteries is not enough for the EV, but it can be used in other low-grade applications such as in households, energy backups, renewable energy storage and off-peak energy storage. Recycling EV batteries also helps recover the metals - cobalt, lithium, nickel, and others, which can then be used for manufacturing new batteries, saving resources and cost of production. According to International Energy Agency, global electric vehicle sales are projected to reach 125 million by 2030. Therefore, the increasing adoption of electric vehicles propels the growth of the battery recycling market. Major companies operating in the battery recycling market are entering into strategic collaborations to improve know how and enhance battery recycling efficiency. For instance, in 2021, UK based sustainable technologies company, Johnson Matthey partnered with Sweden based leading recycler of industrial waste and end of life products, Stena Recycling Group, to develop an efficient value chain for the recycling of lithium-ion batteries and cell manufacturing materials in Europe. For instance, in July 2022, Volkswagen Group of America, a subsidiary of Germany-based Volkswagen Group, partnered with a US-based battery recycling startup, Redwood Materials to create supply chain for EV battery recycling. The partnership is expected to establish a supply network for recycling Volkswagen and Audi electric vehicle batteries in the US with the aim of giving American drivers more affordable and environmentally friendly access to electric mobility. In January 2020, Fortum, a Finland based electric services company acquired CrisolteQ Oy for an undisclosed amount. This acquisition strengthens the position of Fortum in recycling high value metals in lithium-ion batteries in Europe. CrisolteQ Oy is a Finland based company that is a specialist in metal recycling. The company uses a low-CO2 hydrometallurgical recycling process for achieving 80% recycling rate for lithium-ion batteries. Major players in the battery recycling market are Li-Cycle, Battery Solutions, LLC, Exide Technologies, Umicore, Aqua Metals, Inc., Gravita India Limited, Exide Industries Ltd., ECOBAT Logistics, East Penn Manufacturing Company, ENERSYS, Fortum Oyj, Accurec Recycling GmbH, Eco-Bat Technologies Ltd., Terrapure Environmental, Brunp Recycling, and Anhua Taisen Recycling Technology. North America was the largest region in the battery recycling market in 2022. The regions covered in the battery recycling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the battery recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The battery recycling market includes revenues earned by entities by reducing the number of batteries disposed of improperly. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global battery recycling market is segmented - 1) By Type: Lead-Acid Battery, Nickel-Based Battery, Lithium-Based Battery, Other Battery Types 2) By Processing State: Extraction Of Material, Reuse, Repackaging And Second Life, Disposal 3) By Application: Automotive, Consumer Electronics, Industrial, Other Applications

Pharmaceutical packaging equipment refers to the equipment comprised of multiple equipment and its components, piping, instruments, electrical items and other related accessories which are all fabricated and assembled at the shop and usually mounted on the skid which are ready for connection and used for packaging of all pharmaceutical products, using flexible, and heat sealable material to form packages that are filled with a product and then sealed. The main types of products of pharmaceutical packaging equipment are primary packaging equipment, secondary packaging equipment, and labeling and sterilization equipment. Primary packaging equipment is in direct contact with the product itself and is referred to as a consumer unit. Primary packaging is what directly encases and contains the drug product. Secondary packaging equipment provides corrugated cardboard packaging print finished to a high standard. Secondary packaging is the exterior packaging of the primary packaging that groups packages and further protects or labels the drug product. Labeling and sterilization equipment is responsible for adding directions of use and sterilizing the packaging environment. The various types of pharmaceutical packaging equipment are blenders, granulators, tablet pressers, tablet coating machines, and allied machines. The pharmaceutical packaging equipment market research report is one of a series of new reports from The Business Research Company that provides pharmaceutical packaging equipment market statistics, including pharmaceutical packaging equipment industry global market size, regional shares, competitors with a pharmaceutical packaging equipment market share, detailed pharmaceutical packaging equipment market segments, market trends and opportunities, and any further data you may need to thrive in the pharmaceutical packaging equipment industry. This pharmaceutical packaging equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global pharmaceutical packaging equipment market size grew from $9.94 billion in 2022 to $11.06 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical packaging equipment market size is expected to grow to $16.34 billion in 2027 at a CAGR of 10.2%. An increase in ageing population is expected to increase the prevalence of age-related ailments, thus contributing to the growth of the pharmaceutical drugs and pharmaceutical packaging equipment market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) report, the population aged 65 years and above is expected to reach approximately 71 million by 2030 and 98 million by 2060 in the USA. It is estimated by 2030, China will have nearly half of the Parkinson’s disease population in the world, which can be attributed to the country’s aging population. This expected increase in the aging population suffering from age-related ailments is projected to drive the pharmaceutical packaging equipment market. The automatic packaging machine is increasingly utilized in the pharmaceutical packaging equipment market. The machine automatically supplies packing materials and contents, and other machines of the packaging process can be done automatically. For instance, in July 2020, OPTIMA Packaging Group, a Germany based company that designs and builds packaging equipment for pharmaceutical, consumer, nonwovens, and life science products, launched OPTIMA FPA. It is a unique platform that can assemble pen injectors both fully or semi-automatically. It is especially suitable as an entry-level system. Another new feature of the Optima FPA is the choice of adding a printer connected with 360-degree labeling. This product launch has increased the company’s automated packaging solutions portfolio. In February 2021, ProMach, a US-based packaging machinery company, acquired Serpa Packaging Solutions for an undisclosed amount. The addition of Serpa brings automated cartoning systems into ProMach’s portfolio and significantly expands ProMach’s specialized secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry. Serpa Packaging Solutions is a US-based company that designs and manufactures pharmaceutical packaging equipment. Major players in the pharmaceutical packaging equipment market are Körber AG, Uhlmann Group, Marchesini Group S.p.A., Optima Packaging Group, Romaco Holding GmbH, MG2 s.r.l., Robert Bosch GmbH, Industria Macchine Automatiche S.p.A., Vanguard Pharmaceutical Machinery, Accutek Packaging Equipment Companies, MULTIVAC Group, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG, ACG Group, Coesia S.P.A., Syntegon Technology, Trustar Pharma & Packing Equipment, Inline Filling Systems, Dara Pharmaceutical Packaging, ARPAC LLC, Romaco Group, N.K.P. Pharma, Ropack, and Trustar Pharma & Packing Equipment. North America was the largest region in the pharmaceutical packaging equipment market in 2022. Asia-Pacific was the second-largest market in the pharmaceutical packaging equipment market. The regions covered in the pharmaceutical packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pharmaceutical packaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The pharmaceuticals packaging equipment market consists of sales of accumulating and collating machines, blister packs, skin packs and vacuum packaging machines, bottle caps equipment, over-capping, lidding, closing, seaming and sealing machines, box, case, tray, and carrier forming, packing, unpacking, closing, and sealing machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global pharmaceutical packaging equipment market is segmented - 1) By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labelling And Sterialization Equipment 2) By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment 3) By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines 4) By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration

Hindered amine light stabilizers are chemical substances with an amine functional group that are used as stabilizers in polymers and plastics. They protect polymer coatings from photo-oxidative damage by producing nitroxide radicals. The main types of hindered amine light stabilizers (HALS) are polymeric, monomeric, and oligomeric. A polymeric stabilizer is a chemical compound used to prevent the degradation of polymers. Polymeric hindered amine light stabilizers are used to safeguard the core of the material. It is used in plastics, paints and coatings, adhesives and sealants, and others, and is implemented in various verticals such as packaging, automotive, agricultural films, construction, and others. Monomeric hindered amine light stabilizers provide effective surface protection, while polymeric HALS protect the core of the material. Oligomeric hindered amine light stabilizers have excellent polymer compatibility, good extraction resistance, and good heat stability. It is highly effective in polyacetals, polyamides, polyurethanes, flexible and rigid PVC, as well as PVC blends. The hindered amine light stabilizers (HALS) market research report is one of a series of new reports from The Business Research Company that provides hindered amine light stabilizers (HALS) market statistics, including hindered amine light stabilizers (HALS) industry global market size, regional shares, competitors with a hindered amine light stabilizers (HALS) market share, detailed hindered amine light stabilizers (HALS) market segments, market trends and opportunities, and any further data you may need to thrive in the hindered amine light stabilizers (HALS) industry. This hindered amine light stabilizers (HALS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hindered amine light stabilizers (hals) market size grew from $1.07 billion in 2022 to $1.23 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Hindered Amine Light Stabilizers (HALS) market size is expected to grow to $2.11 billion in 2027 at a CAGR of 14.3%. The growth in the construction industry is projected to fuel the demand for hindered amine light stabilizers (HALS) over the coming years. Construction is a wide industry that involves anything from mining, quarrying, and forestry to infrastructure and building construction, product manufacturing and supply, and repair, service, and disposal. Plastics with light stabilizers and UV absorbers can handle light and heat in challenging building and construction conditions, assisting specialists in overcoming the market's difficulties. For instance, the US construction industry accounted for $2600.94 billion in 2020 and is expected to grow to $3486.93 billion by 2025 at a compound annual growth rate (CAGR) of 6.0%. The average spending of the USA construction industry is nearly $1,231 billion every year. Therefore, the growth demand for the construction industry drives the growth of the hindered amine light stabilizers market. The expansion of production facilities is a key trend shaping the hindered amine light stabilizers (HALS) market. Major players operating in the hindered amine light stabilizers (HALS) sector are focusing on production facility expansions to improve their capacity to meet rising demand from emerging markets. For instance, in April 2021, Clariant, a Switzerland-based specialty chemical company, revealed the beginning of a new world-class process and light stabilizer production facility, including hindered amine light stabilizer production. Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a China-based manufacturer and provider of light stabilizers, jointly own this production facility. It enables Clariant and Tiangang to build on their strong partnership by enhancing their capacity to meet China's rising demand for high-process and light stabilizers from local growth sectors such as automotive, textiles, and coatings. In July 2021, Sabo S.p.A., a world leader in the development and manufacturing of hindered amine light stabilizers (HALS), entered into a partnership with SONGWON Industrial Co., Ltd. The deal will enable both organizations to maintain their leading market positions and expand opportunities outside of Europe, particularly in the areas of automotive and agricultural applications, as well as in the building and construction sector. SONGWON Industrial Co., Ltd. is based in South Korea and is the 2nd largest manufacturer of polymer stabilizers in the world for the SABOSTAB® HALS portfolio, which includes hindered amine light stabilizers (HALS). Major players in the hindered amine light stabilizers (HALS) market are ADEKA Corporation, Chitec Technology Co. Ltd., SUNSHOW, SABO S.p.A., Everlight Chemical Industrial Corp., Beijing Tiangang Auxiliary Co., Double Bond Chemical Industries Co. Ltd., Solvay, Rianlon Corporation, Clariant, Everspring Chemical Co. Ltd., TCI Chemicals, UNIQCHEM, and Lambson Limited. In 2022, Asia-Pacific was the leading region in the market for hindered amine light stabilisers market.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hindered amine light stabilizers (HALS) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hindered amine light stabilizers (HALS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The hindered amine light stabilizers (HALS) market consists of sales of hindered amine light stabilizer products such as HALS 770 and HALS 622. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hindered amine light stabilizers (HALS) market is segmented - 1) By Type: Polymeric, Monomeric, and Oligomeric 2) By Application: Plastics, Paints and Coatings, Adhesives and Sealants, and Other Applications 3) By End Use Industry: Packaging, Automotive, Agriculture, Films, Construction, Other End User Industries

Advanced packaging technologies refer to the technologies involved in the aggregation and interconnection of components before traditional electronic packaging. It allows integrated circuits to be enclosed in a casing, which prevents metallic parts from corroding and physical damage. The main types of advanced packaging technologies are 3D integrated circuits, 2D integrated circuits, 2.5D integrated circuits, and others. The 3D integrated circuit provides high bandwidth, a small form factor, and multi-function integration in packaging. Three-Dimensional Integrated Circuit (3DIC) is a packaging technology that collects and stacks homogeneous or heterogeneous dies vertically into Multi-Chip Modules (MCM) with Through-Silicon-Via (TSV). The various types of products include active packaging, smart and intelligent packaging and is implemented in various verticals such as automotive and transport, consumer electronics, industrial, IT and telecommunication, others. The advanced packaging technologies market research report is one of a series of new reports from The Business Research Company that provides advanced packaging technologies market statistics, including advanced packaging technologies industry global market size, regional shares, competitors with a advanced packaging technologies market share, detailed advanced packaging technologies market segments, market trends and opportunities, and any further data you may need to thrive in the advanced packaging technologies industry. This advanced packaging technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global advanced packaging technologies market size grew from $5.74 billion in 2022 to $6.52 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The advanced packaging technologies market size is expected to grow to $10.44 billion in 2027 at a CAGR of 12.5%. Growing demand for consumer electronics is expected to propel the growth of the advanced packaging market going forward. Consumer electronics refers to any electronic equipment, gadgets, or devices made to be purchased and used on a regular basis for non-commercial or professional purposes by consumers. Consumer electronics can create demand for advanced packaging as it plays an important role in defining the sophistication of the products. For instance, in June 2021, Oberlo, a Lithuania-based e-commerce platform, said that globally, 6.4 billion people use smartphones. Therefore, the growing demand for consumer electronics is driving the advanced packaging market. The growing technological advancements are shaping the advanced packaging technologies market. Major companies operating in the advanced packaging technologies sector are focused on developing technological solutions for advanced packaging to expand their leadership in semiconductor solutions. For instance, in May 2021 Samsung Electronics, a South Korea-based electronics company launched Interposer-Cube4 (I-Cube4), an advanced chip packaging technology for high-performance applications. Interposer-Cube4 (I-Cube4), a 2.5D packaging technology improves communication and power effectiveness among logic and memory chips and is projected to be widely used in sectors such as high-performance computing, artificial intelligence (AI), 5G, cloud, and the largest data center applicants. In December 2020, Graham Partners, Inc., a US-based private investment firm focused on investing in technology-driven companies acquired flexible packaging converting the business from Berry Global for an undisclosed amount. The flexible packaging converting business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions LLC. Through this acquisition, ABX expands geographically, adds attractive categories such as personal care and healthcare packaging, and increases its revenue by over $200 million, according to Graham Partners. Berry Global is a US-based manufacturer and marketer of advanced plastic packaging products. Major players in the advanced packaging technologies market are Amkor Technology, Intel, Advanced Semiconductor Engineering (ASE), Taiwan Semiconductor Manufacturing Company, Samsung Electronics, STATS ChipPAC, Qualcomm Technologies, IBM, Brewer Science, SÜSS Microtec, Renesas Electronics Corporation, Texas Instruments, Siliconware Precision Industries, Jiangsu Changjiang Electronics Technology, China WLCSP Co. LTD., Deca Technologies, Greatek Electronics, Powertech Technology, Sanmina Corporation, SFA Semicon, Universal Instruments Corporation, and Tongfu Microelectronics. Asia-Pacific was the largest region in global advanced packaging technologies market in 2022. The regions covered in the advanced packaging technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the advanced packaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The advanced packaging technologies market consists of revenues earned by entities by providing packaging services such as fan-out wafer-level packaging and system-in-package used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The advanced packaging technologies market also includes sales of image sensor, microelectronics, complementary metal oxide semiconductor, light-emitting diode, design package, external cavity, ultraviolet light, and others which are used in providing packaging services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global advanced packaging technologies market is segmented - 1) By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Other Types 2) By Product: Active Packaging, Smart And Intelligent Packaging  3) By End Use Industry: Automotive And Transport, Consumer Electronics, Industrial, IT And Telecommunication, Other End Use Industries