Optimal food safety & quality and expansion of pharmaceutical and biotechnology industries across the globe

Very exciting to observe the rising public concerns related to optimal food safety & quality and expansion of pharmaceutical and biotechnology industries across the globe.

One can also observe the increasing drug development in developed countries, increasing use of certified reference materials (CRMs) to ensure the quality of pharmaceuticals, regulations on cosmetic products, and the rising popularity of traditional medicines.

According to Research and Markets, the Global Analytical Standards Market is projected to reach USD 1.73 billion by 2022 from USD 1.27 billion in 2017, at a CAGR of 6.3%.

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Major growth drivers of the testing market in the composites industry

Very interesting to observe that, increasing production of composites rich commercial and regional aircraft, development of new composite applications in different industries, an advancement in materials, increasing investment in research & development, increasing demand for light-weight materials, and rising quality and safety standards are major growth drivers of the testing market in the composites industry. According to Research and Markets, the global composites testing market was valued at US$ 1,189.7 million in 2016 and is projected to witness an excellent CAGR of 7.2% over the next five years to reach US$ 1,819.9 million in 2022.

Here is what explains the growing adoption of courier management software

For many analysts , the increasing need for inventory level management and the movement of goods in real time to minimize the lack-of-stock situations are the major reasons for the growth of the market. Increased product availability and reduced inventory costs are also driving the market growth, according to Technavio Research.

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