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According to Fortune Business Insights™, the global oleochemicals market size was valued at USD 37.88 billion in 2023 and is projected to grow from USD 40.37 billion in 2024 to USD 65.38 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period. Asia Pacific dominated the oleochemicals market with a market share of 48.86% in 2023. Increasing demand for oleochemicals from the food and chemical industries is expected to increase market growth. Demand for biofuels keeping in mind environmental and health concerns is set to drive market growth. Rising demand from several end-use industries is expected to boost market development and offer lucrative opportunities for market growth. Fortune Business Insights™ shares this information in its report titled “Oleochemicals Market, 2024-2032.”

According to Fortune Business Insights, the global secondary packaging market size was valued at USD 501.27 billion in 2023 and is projected to grow from USD 519.41 billion in 2024 to USD 720.70 billion by 2032, exhibiting a CAGR of 4.18% during the forecast period. Moreover, the secondary packaging market in the U.S. is projected to expand substantially, reaching USD 196.62 billion by 2032. his growth is attributed to the increasing emphasis on branding, product protection, and logistics efficiency across various industries, including e-commerce and retail. North America dominated the secondary packaging market with a market share of 33.48% in 2023. The external packaging of primary packaging is known as secondary packaging. Growing usage of paper & paperboard materials and increased preference for sustainable packaging solutions are fostering market expansion.

According to Fortune Business Insights, The global precious metals market size was USD 306.44 billion in 2023 and is projected to grow from USD 323.71 billion in 2024 to USD 501.09 billion by 2032 at a CAGR of 5.6% during the forecast period. Asia Pacific dominated the precious metals market with a market share of 52.33% in 2023. The global precious metals market is experiencing robust growth, driven by increased demand from both traditional and emerging sectors. Precious metals such as gold, silver, platinum, and palladium have long been valued for their rarity, economic significance, and intrinsic value. Today, they continue to play a vital role in industries ranging from jewelry and electronics to automotive and renewable energy technologies. Increasing disposable incomes and changing lifestyle choices are a few of the factors driving the market. The demand for these metals is estimated to propel globally for jewelry and investment applications as gold and silver are of prime importance in wedding ceremonies of Southeast Asian countries.