The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
The global essential oils market size is expected to scope USD 11.19 Billion by 2022 growing at a CAGR of 8.83% from 2017 to 2022. The shifting trend towards preventive healthcare, coupled with an improved standard of living among consumers, are the major factors driving the market. Browse 94 Market Data Tables and 45 Figures spread through 176 Pages and in-depth TOC on "Essential Oils Market - Global Forecast to 2022" The key factors driving the demand for essential oil include growing research & development activities, increasing demand for food & beverage and cosmetic applications, and increasing demand for aromatherapy. Growing research & development activities and increased demand from food & beverage and cosmetic applications are also driving the market. Growing awareness towards preventive healthcare, increasing double-income households, a rise in depression and anxiety cases, increasing demand for aromatherapy, and an increase in