logo
Digital Photosensitive Material Market Set for Expansion Amid Rising Demand in Electronics and Printing

Digital Photosensitive Material Market Set for Expansion Amid Rising Demand in Electronics and Printing

Yahoo16-05-2025
Global Digital Photosensitive Material Market Research Report (2025–2034)
Luton, Bedfordshire, United Kingdom, May 16, 2025 (GLOBE NEWSWIRE) -- The global digital photosensitive material market is projected to grow significantly from a valuation of approximately USD 6.2 billion in 2024 to around USD 10.4 billion by 2034, reflecting a compound annual growth rate (CAGR) of 5.4% over the forecast period. This growth is propelled by rapid advancements in semiconductor manufacturing, miniaturization of consumer electronics, and an expanding scope of digital imaging technologies across industrial, automotive, and medical sectors. The integration of photosensitive materials in high-resolution lithography and emerging additive manufacturing processes also reinforces demand.
Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/56969/global-digital-photosensitive-material-market#request-a-sample
Market Drivers
1. Rising Demand for High-Resolution Digital Imaging: Photosensitive materials are essential in the fabrication of printed circuit boards (PCBs), microchips, and displays. As the consumer electronics industry pushes for ultra-high-resolution displays and compact devices, the demand for high-performance photosensitive films, coatings, and resists is expanding.
2. Growth in Medical Devices and Diagnostic Imaging: The medical device industry is leveraging digital imaging for diagnostics, surgical planning, and 3D visualization. Photosensitive coatings and resists are employed in microfabrication and bio-sensing chips, increasing adoption in medical technology.
3. Automotive Electrification and Smart Features: As automotive manufacturers integrate smart sensors, HUD displays, and LiDAR systems, the need for durable and precise photolithographic materials grows. Advanced Driver Assistance Systems (ADAS) and digital dashboards require fine-structured components built using photosensitive materials.
4. Technological Innovation in Fabrication Processes: Advancements in lithographic techniques, laser processing, and 3D printing using digital light processing (DLP) are opening new application avenues. Photosensitive resins used in rapid prototyping and additive manufacturing are being tailored for structural integrity and thermal stability.
Market Restraints
1. High Cost of Raw Materials and Complex Manufacturing: The synthesis of advanced resists and films involves costly monomers and initiators, and precise processing environments. This restricts adoption, especially in cost-sensitive regions.
2. Environmental and Regulatory Pressures: Solvent-based coatings and some traditional photoinitiators raise concerns related to VOC emissions and waste disposal. Stringent EU REACH and U.S. EPA norms are driving manufacturers to reformulate materials, impacting development costs.
3. Process Complexity and Compatibility Challenges: Matching photosensitive materials to substrate types, process temperatures, and resolution requirements requires significant R&D. Integration into new production lines (especially for flexible electronics or hybrid manufacturing) remains a barrier.
Product Type Analysis
1. Films: Photosensitive films, often dry films, are widely used in PCB patterning, flexible electronics, and screen printing. They offer clean processing, high resolution, and are ideal for roll-to-roll applications. The film segment holds a significant market share and is expected to maintain dominance due to its role in microelectronics.
2. Coatings: Liquid photosensitive coatings are applied via spin-coating or spray processes and are essential in wafer-level packaging, OLED display manufacturing, and microfluidics. This segment is growing steadily with demand from optoelectronic device production.
3. Resists: Photoresists are specialty chemicals crucial in semiconductor lithography. Positive and negative resists, depending on the exposure profile, find widespread use in IC production. EUV (Extreme Ultraviolet) and DUV (Deep Ultraviolet) resists are in high demand for advanced node semiconductors.
Application Segmentation
1. Consumer Electronics: Includes smartphones, tablets, laptops, wearables, and televisions. Miniaturization and high-resolution display trends require photosensitive materials for sensor arrays, touch panels, and flexible circuits.
2. Automotive: Used in camera sensors, laser components, head-up displays (HUDs), and integrated electronics. As EVs and autonomous vehicles gain momentum, photolithographic materials are key for reliable electronic subsystems.
3. Medical Devices: Applications include diagnostic chips, imaging sensors, implantable devices, and bio-MEMS. High biocompatibility and precision are essential, driving innovation in non-toxic and bio-stable photoresists.
End User Segmentation
1. Industrial: Comprises semiconductor fabs, electronics contract manufacturers, and PCB assembly plants. This is the largest end-user segment due to extensive use of photolithography and imaging systems.
2. Commercial: Includes printing companies, signage manufacturers, and design firms using photosensitive films and plates for high-resolution graphics and UV printing.
3. Residential: A smaller segment where photosensitive materials appear in consumer-use 3D printers and DIY electronics. Growth is modest but niche markets are expanding.
Browse full Report - https://exactitudeconsultancy.com/reports/56969/global-digital-photosensitive-material-market
Technology Breakdown
1. Lithography: Dominates due to its use in semiconductors and display fabrication. Demand for next-gen lithography (EUV, nanoimprint) is rising sharply with the transition to 3 nm and below nodes.
2. 3D Printing: Photopolymers used in DLP and SLA (Stereolithography) 3D printers form a growing segment, especially for prototypes, dental implants, and fashion components.
3. Laser Processing: Laser direct imaging (LDI) and laser ablation use photosensitive coatings for micromachining. It allows precise material structuring without masks.
Distribution Channel Analysis
1. Online: Rapidly expanding, particularly for small-batch orders, research-grade materials, and replacement resins. E-commerce platforms are making specialty materials accessible to small labs and makers.
2. Offline: Still dominates for bulk orders, industrial clients, and specialized product consultations. Distributors and direct vendor relationships are preferred for custom formulations.
Regional Insights
Asia-Pacific: The dominant market led by China, Japan, South Korea, and Taiwan. These countries house leading semiconductor and display panel manufacturers, making them top consumers of digital photosensitive materials.
North America: Strong in innovation, especially in medical imaging and 3D printing. U.S.-based R&D centers and fabless semiconductor companies are key demand drivers.
Europe: Germany, France, and the UK are prominent players in automotive electronics and photonic device research. Regulatory compliance is a key focus here.
Latin America & MEA: Emerging markets with growing electronics and automotive sectors. Market penetration is lower but rising with local assembly and manufacturing initiatives.
Buy Now : https://exactitudeconsultancy.com/purchase/?currency=USD&type=single_user_license&report_id=56969
Competitive Landscape
Leading players include:
Tokyo Ohka Kogyo Co., Ltd.
JSR Corporation
Fujifilm Electronics Materials
DuPont de Nemours, Inc.
Shin-Etsu Chemical Co., Ltd.
Sumitomo Chemical Co., Ltd.
MicroChem Corp.
ALLRESIST GmbH
Strategies include R&D on EUV resists, acquisitions of specialty chemical firms, and regional expansions. Partnerships with semiconductor fabs and photonics labs are strengthening product development pipelines.
Emerging Trends
Green Photochemistry: Development of environmentally benign resins and solvents to comply with REACH and global sustainability targets.
Nanomaterial Integration: Incorporating graphene, carbon nanotubes, and quantum dots into photoresists for enhanced conductivity and resolution.
Hybrid Materials: Multi-functional coatings that respond to light, heat, or electric fields, enabling tunable performance in smart electronics.
Flexible and Printable Electronics: Photosensitive materials optimized for stretchable substrates and roll-to-roll manufacturing processes.
This report is also available in the following languages : Japanese (デジタル感光材料市場), Korean (디지털 감광재 시장), Chinese (数码感光材料市场), French (Marché des matériaux photosensibles numériques), German (Markt für digitale lichtempfindliche Materialien), and Italian (Mercato dei materiali fotosensibili digitali), etc.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/reports/56969/global-digital-photosensitive-material-market#request-a-sample
Related Reports
Explore concise insights into emerging and high-growth markets from Exactitude Consultancy:
Double Explosion-proof Oil Tank Market
The global double explosion-proof oil tank market is valued at approximately $1.2 billion in 2024 and is projected to reach around $2.5 billion by 2034, reflecting a notable shift in the industry landscape. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56963/global-double-explosion-proof-oil-tank-market
Oil-water Separation Purifier Market
The global oil-water separation purifier market is valued at approximately $2.5 billion in 2024, with projections indicating a robust growth trajectory leading to an estimated market value of $4.5 billion by 2034. This equates to a Compound Annual Growth Rate (CAGR) of around 6.3% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56966/global-oil-water-separation-purifier-market
Vacuum Pump Demister Market
The global vacuum pump demister market is poised for robust growth, with an estimated market value of approximately $1.2 billion in 2024. This growth trajectory is projected to escalate, reaching around $2.5 billion by 2034, reflecting a notable Compound Annual Growth Rate (CAGR) of 8.2% over the period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56967/global-vacuum-pump-demister-market
Aluminum Foil Honeycomb Market
The global aluminum foil honeycomb market is valued at approximately $450 million in 2024, reflecting a steady demand across various industries, including aerospace, automotive, and construction. By 2034, the market is projected to reach around $740 million, indicating robust growth driven by innovation and sustainability initiatives. This translates to a compound annual growth rate (CAGR) of about 5.3% from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56968/global-aluminum-foil-honeycomb-market
Cellulose Diacetate Market
The global cellulose diacetate market is valued at approximately $1.2 billion in 2024, driven predominantly by its applications in textiles, filters, and packaging materials. Anticipated growth during the forecast period of 2025-2034 is projected to reach $1.9 billion, with a Compound Annual Growth Rate (CAGR) of 5.6%.
https://exactitudeconsultancy.com/reports/56975/global-cellulose-diacetate-market
Composite Polyester Film Market
The global composite polyester film market is valued at approximately $5.2 billion in 2024, with a strong growth trajectory projected to reach around $8.2 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56976/global-composite-polyester-film-market
Photographic Gelatin Market
The global photographic gelatin market is valued at approximately $1.2 billion in 2024, with a projected market value reaching around $1.8 billion by 2034. This signifies a Compound Annual Growth Rate (CAGR) of approximately 4.2% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56977/global-photographic-gelatin-market
Zinc Hydroxystannate Market
The global zinc hydroxystannate market is projected to reach a value of approximately $310 million in 2024, driven by its growing applications in fireproofing, coatings, and plastics. Market expansion is notably attributed to increasing safety regulations and the rising demand for environmentally friendly flame retardants. Forecasts indicate that the market will experience robust growth, expected to reach around $460 million by 2034. This trajectory reflects a Compound Annual Growth Rate (CAGR) of approximately 4.5% from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56979/global-zinc-hydroxystannate-market
Zinc Molybdate Market
The global zinc molybdate market is estimated to be valued at approximately USD 760 million in 2024, with an anticipated growth trajectory that could see the market reach around USD 1.1 billion by 2034. This growth reflects a Compound Annual Growth Rate (CAGR) of about 4.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56980/global-zinc-molybdate-market
Photosensitive Paint Market
The global photosensitive paint market is valued at approximately $1.3 billion in 2024 and is projected to reach around $2.5 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 7.1% during the forecast period from 2025 to 2034. This growth is primarily driven by rising demand in various industries, including automotive, aerospace, and consumer electronics, alongside increasing initiatives for sustainable and energy-efficient solutions.
https://exactitudeconsultancy.com/reports/56981/global-photosensitive-paint-market
Mineral Heat Transfer Oil Market
The global mineral heat transfer oil market is estimated to reach a value of approximately $3.2 billion in 2024. This market is poised for growth, with a projected value of around $5.1 billion by 2034. This transition indicates a Compound Annual Growth Rate (CAGR) of about 4.7% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56982/global-mineral-heat-transfer-oil-market
Kitchen Quartz Countertop Products Market
The global kitchen quartz countertop market is projected to reach a value of approximately $18.5 billion in 2024, with a significant growth trajectory expected through 2034. By the end of this forecast period, the market is anticipated to achieve a value of around $29.6 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 4.6%.
https://exactitudeconsultancy.com/reports/56987/global-kitchen-quartz-countertop-products-market
Shellless Evaporator Coil Market
The global shellless evaporator coil market is anticipated to reach a value of approximately $1.2 billion in 2024, with projections suggesting it will grow to around $2.5 billion by 2034. This indicates a robust Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/57003/global-shellless-evaporator-coil-market
PET Protective Film Market
The global PET protective film market is valued at approximately $2.5 billion in 2024. This sector is projected to reach around $4.1 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56888/global-pet-protective-film-market
Extreme Pressure and Antiwear Additives Market
The global market for extreme pressure (EP) and antiwear (AW) additives is expected to reach approximately $4.5 billion in 2024. The market is projected to grow significantly, with an estimated value of around $7.2 billion by 2034, driven by increasing demand in the automotive, industrial, and manufacturing sectors. This trajectory reflects a robust Compound Annual Growth Rate (CAGR) of approximately 5.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56889/global-extreme-pressure-and-antiwear-additives-market
Aerospace Semi-finished Composite Materials Market
The global market for aerospace semi-finished composite materials is valued at approximately $6.2 billion in 2024 and is projected to reach around $10.5 billion by 2034. This growth indicates a robust Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period of 2025 to 2034.
https://exactitudeconsultancy.com/reports/56891/global-aerospace-semi-finished-composite-materials-market
Ethylenediaminetetraacetic Acid Tetrasodium Salt Dihydrate Market
The global market for Ethylenediaminetetraacetic Acid (EDTA) tetrasodium salt dihydrate is estimated to reach approximately $700 million in 2024, with a projected growth trajectory leading to a market value of about $1.1 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of around 4.5% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56898/global-ethylenediaminetetraacetic-acid-tetrasodium-salt-dihydrate-market
Acoustic Vapor Leak Detection System Market
the global acoustic vapor leak detection system market is valued at approximately $1.5 billion, driven by stringent environmental regulations and a growing emphasis on safety in various industries, including oil and gas, chemical manufacturing, and food processing. The market is projected to reach around $2.5 billion by 2034, reflecting a robust growth trajectory.
https://exactitudeconsultancy.com/reports/56899/global-acoustic-vapor-leak-detection-system-market
Isobutylidene Biurea Market
The global isobutylidene biurea market is projected to be valued at approximately $320 million in 2024, with a robust growth trajectory expected over the upcoming decade. Anticipating a market value of around $510 million by 2034, the sector is poised to experience a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/56901/global-isobutylidene-biurea-market
CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@exactitudeconsultancy.comSign in to access your portfolio
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Exclusive Report by Towards Chemical and Materials Consulting
Exclusive Report by Towards Chemical and Materials Consulting

Yahoo

timean hour ago

  • Yahoo

Exclusive Report by Towards Chemical and Materials Consulting

According to Towards Chemical and Materials consultants, the bioplastics-market volume was valued at 1,140,000.0. tons in 2024, grew to 1,373,016.0 tons in 2025, and is expected to hit around 73,21,706.6 tons by 2034, growing at a compound annual growth rate (CAGR) of 20.44% over the forecast period from 2025 to 2034. North America dominated the bioplastics market with a market volume share of 35.62% in 2024. Ottawa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The global bioplastics market volume was reached at 11,40,000.0 tons in 2024 and is expected to be worth around 73,21,706.6 tons by 2034, growing at a compound annual growth rate (CAGR) of 20.44% over the forecast period 2025 to 2034. A study published by Towards Chemical and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: Bioplastics Market Overview Bioplastics are bio-based or biodegradable polymers made from renewable resources like cellulose, sugarcane, or corn starch. They are environmentally friendly substitutes for traditional plastics in the consumer goods, automotive, packaging, and agricultural industries. Growing environmental concerns, strict laws governing single-use plastics, and rising demand for environmentally friendly packaging options are driving the bioplastics market. Wider industrial adoption is now possible due to improved material performance brought about by technological advancements. Asia Pacific is becoming a significant production hub, while Europe leads in both consumption and regulatory support. Growing consumer awareness and brand sustainability objectives continue to spur global market expansion and investment despite increased costs. Bioplastics Market Trends ? Adoption of Drop-In Bioplastics: Bio-based PET, PE, and PP are becoming increasingly popular because they have properties like those of conventional plastics and can be used with current manufacturing systems, which lowers the transition costs for businesses using sustainable alternatives. Surge in compostable bioplastics: Growth in Bioplastics That Can Be Compiled: Due to their biodegradability, compliance with international single-use plastics bans, and expanding composting infrastructure, materials like PLA and PHA are being utilized more in packaging and agriculture. Shift to Next-Gen Feedstocks: Producers are using agricultural waste, algae, and CO₂ to create bioplastics, which help to improve sustainability and enable more low-carbon and circular production models while lowering dependency on food crops. Elevate your Chemical strategy with Towards Chemical and Materials. Enhance efficiency and achieve superior results - schedule a call today: Bioplastics Market Report Scope Report Attribute Details Market Volume / size in 2025 13,73,016.0 Tons/ USD 18.40 billion Expected Volume / Revenue by 2034 73,21,706.6 Tons/ USD 44.77 billion Growth rate CAGR of 8.68% from 2025 to 2034 Historical data 2019 - 2025 Base year 2024 Forecast period 2025 - 2030 Quantitative units Revenue in USD million, volume in kilotons, and CAGR from 2025 to 2034 Report coverage Revenue forecast, competitive landscape, growth factors and trends Segments covered By Product Type, By Feedstock Source, By Processing Technology, By End-Use Industry, By Region, Key companies profiled TEIJIN LIMITED; Toray Industries, Inc.; Toyota Tsusho Corporation; Avantium; PTT MCC Biochem Co., Ltd.; An Phat Holdings; NatureWorks LLC; SABIC; BASF; Futerro; Trinseo; Braskem S.A.; TotalEnergies Corbion; ECPlaza Network Inc.; Solvay AI Sparks a Sustainable Shift in the Bioplastics Industry Artificial intelligence is speeding up the green transition in the bioplastics industry by optimizing material discovery, improving production efficiency, and supporting circular design strategies. At the forefront, in January 2025, the Netherlands, TNO scientists launched polySCOUT, an AI-powered tool that designs compostable polymers. It aims to balance durability, biodegradability, and microplastic reduction. AI also assists in analyzing feedstocks, identifying waste-derived raw materials more efficiently. Predictive analytics are now employed in bioplastic waste stream management to reduce contamination and boost recycling yields. These innovations not only lessen environmental impact but also significantly decrease development time and costs. As industries look for alternatives to fossil-based plastics, AI's ability to model, test, and scale sustainable materials provides a key advantage in meeting global sustainability goals and consumer demand. Bioplastics Market Driving Factor Is Concern Over Petrochemical Toxicity and Oil Scarcity Accelerating Biopolymer Adoption? A key factor pushing the bioplastics market is the growing worry about toxic petrochemical plastics and decreasing crude oil supplies. A recent study in the journal eBioMedicine reported 356,238 deaths due to Di-2-ethylhexyphthalate (DEHP) exposure 98% of which were attributed to plastics. This is related to chemicals like DEHP and PFAS found in everyday products, increasing the need for safer options. At the same time, researchers in March 2024 identified 16,000 different chemicals over which 4,200 around 26% of persistent and toxic chemicals in plastics, including bioplastics, highlighting industry risks and regulatory attention. These health and environmental issues are driving policymakers and industry leaders to speed up the shift toward renewable, low-toxicity bio-based polymers. Production capacity is rising worldwide, with bio-based polymer output expected to grow significantly by 2029. This creates a major opportunity for suppliers to provide truly sustainable alternatives that reduce reliance on fossil fuels and lower public health risks. Market Opportunity Could Stricter Single-Use Plastic Laws Spark a Global Boom in Bioplastics? A major opportunity in the bioplastics market comes from increasing rules on single-use plastics and recycling duties around the world. In the EU, the Single-Use Plastics Directive and new packaging waste regulations require 25 and 30% recycled content in bottles by 2025 and 2030 respectively. They also ban many traditional single-use items, with no exemptions for bio-based plastics. This pushes companies toward certified compostables and bioplastics. These policy changes increase the demand for bioplastics and certified sustainable materials. This presents significant growth potential for compliant suppliers taking advantage of the required changes in packaging. Limitations and Challenges in the Bioplastics Market High Production Costs - Bioplastics cost more to produce than traditional plastics because of expensive raw materials and specialized processing methods. This price difference limits their use, especially in industries like packaging and consumer goods that are sensitive to costs. Limited Industrial Composting Infrastructure- Many bioplastics need industrial composting conditions to break down properly, but these facilities are missing in most areas. Without the right disposal systems, bioplastics often go to landfills, reducing their environmental advantages. Competition with Food Resources - Some bioplastics come from crops like corn and sugarcane, causing concerns about competition for land and resources with food production. This raises ethical and environmental issues that could slow market growth. Invest in Premium Global Insights Immediate Delivery Available @ Why Did Asia Pacific Region Dominated the Bioplastics Market in 2024? The Asia Pacific bioplastic market volume was estimated at 406,068.00 tons in 2024 and is anticipated to reach 3,012,696.72 Tons by 2034, growing at a CAGR of 22.19% from 2025 to 2034. Asia Pacific dominates the bioplastics market in 2024 because of its strong manufacturing base, supportive government policies, and growing environmental awareness. The region's rising demand for sustainable packaging, particularly in the food, beverage, and consumer goods sectors, encourages large-scale use of bioplastics. Local production of bio-based feedstocks, especially in agricultural economies, offers a cost advantage and increases supply. Additionally, several regional initiatives that focus on plastic bans and alternatives to single-use plastics have sped up the shift toward biodegradable materials in countries like India, China, and Thailand. China Market Trends China remains the main player in the Asia Pacific bioplastics market, fueled by its vast industrial ecosystem and government rules on plastic pollution control. In 2024, China continued its gradual bans on non-degradable plastics in e-commerce, postal services, and food delivery. This pushed companies to quickly adopt bioplastics. The country has made significant investments in research and development and pilot plants for producing PLA and PHA bioplastics. Notably, China exported 205 shipments of biodegradable plastic between November 2023 and October 2024. These exports, handled by 79 Chinese exporters to 79 buyers, showed an impressive 54% increase compared to the previous year. This highlights China's rapid growth in bioplastics trade and production. Bioplastics Market Volume Share, By Region, 2024-2034 (%) By Region Volume Share, 2024 (%) Market Volume Tons - 2024 Market Volume Tons - 2034 CAGR (2025 - 2034) Volume Share, 2034 (%) North America 21.14 % 240,996.0 1,633,472.7 23.69 % 22.31 % Europe 30.41 % 346,674.0 2,152,581.7 22.49 % 29.40 % Asia Pacific 35.62 % 406,068.0 2,465,950.8 22.19 % 33.68 % Latin America 7.32 % 83,448.0 593,058.2 24.35 % 8.10 % Middle East & Africa 5.51 % 62,814.0 476,643.1 25.25 % 6.51 % Total 100.00 % 1,140,000.0 7,321,706.6 20.44 % 100.00 % Why Is Europe the Fastest-Growing Region in the Bioplastics Market? Europe expects the fastest growth in the bioplastics market during the forecast period, because more consumers prefer sustainable products and strict environmental policies, like the EU Single-Use Plastics Directive. Governments in the region are supporting the development of bio-based materials through subsidies, innovation funding, and partnerships between public and private sectors. Major retail and FMCG brands are also moving toward compostable and recyclable packaging to reach their climate goals. Increased investments in circular economy projects and bio-economy strategies are creating a favorable environment for bioplastics to succeed in both industrial and consumer sectors. Germany Leading Europe's Growth in Bioplastics Germany is a key growth driver in Europe due to its strong recycling infrastructure, significant research and development capabilities, and environmentally-friendly regulations. The German government's focus on reducing CO₂ emissions and its leadership in the European Green Deal initiatives have pushed industries to look at bioplastics as practical alternatives to fossil-based plastics. Universities and research centers are actively working on developing new biopolymers and improving the effectiveness of biodegradable plastics. In 2024, several German startups and packaging companies expanded their production lines for compostable films and containers to meet rising demand from both local and EU customers. Bioplastics Market Segmentation Product Type Insights Which Product Type is Dominated the Bioplastics Market in 2024? The bio-based non-biodegradable plastics segment dominated the bioplastics market in 2024, this was mainly because of their common use in packaging, automotive parts, and consumer goods. These plastics, such as bio-based PET and PE, have similar properties to regular plastics but come from renewable sources. This makes them appealing to industries that want to lessen their environmental impact. Their fit with current recycling systems has also encouraged widespread use, particularly in developed areas. The biodegradable plastics segment is expected to grow the fastest during the forecast period. Rising consumer interest in eco-friendly options and stricter rules against single-use plastics are boosting their use in areas like food packaging, compost bags, and medical products. Bioplastics Market Volume Share, By Product Type, 2024-2034 (%) By Product Type Volume Share, 2024 (%) Market Volume Tons - 2024 Market Volume Tons - 2034 CAGR (2025 - 2034) Volume Share, 2034 (%) Bio-Based Non-Biodegradable Plastics 61.88 % 705,432.0 4,384,237.9 22.51 % 59.88 % Biodegradable Plastics 38.12 % 434,568.0 2,937,468.7 23.66 % 40.12 % Total 100.00 % 1,140,000.0 7,321,706.6 20.44 % 100.00 % Feed Stock Source Insights Which Feed Stock Source Segment Is Dominated The Bioplastics Market? The starch-based feedstock segment dominated the bioplastics market in 2024, because it is widely available and cost-effective. Starch-based bioplastics are commonly used in packaging and agriculture because they break down naturally and fit well with current plastic production methods. Their increased use in the automotive and consumer goods industries for making lightweight, sustainable parts further strengthens their position in markets seeking eco-friendly options. The algae-based segment is set to expand the quickest during the forecast period. This growth comes from more innovation in bio-refining technologies and a growing interest in materials that decompose naturally. Algae-based bioplastics offer benefits such as quick growth cycles, low resource use, and the ability to store carbon. Processing Technology Insights Which Processing Technology is Dominant in Bioplastics Market? The injection moulding segment held the largest share in 2024. This was due to its flexibility and ability to produce complex, high-strength bioplastic parts at scale. Industries like packaging, automotive, and consumer goods widely use this technique because it allows for precise design and strong structures. Its ability to work with both biodegradable and non-biodegradable bioplastics also boosts its use in various sectors focused on sustainable manufacturing. The 3D printing segment is likely to grow the fastest during the forecast period. The rising demand for customized, lightweight, and quickly produced bioplastic products in medical devices, prototyping, and consumer applications is fueling its rapid adoption. End Use Insights Why did the Packaging Segment Dominate the Bioplastics Market in 2024? The packaging segment held the largest share in the bioplastics market in 2024, due to the increasing demand for sustainable options in food, beverage, and consumer goods packaging. Bioplastics are quickly being used to make eco-friendly containers, films, and wrappers that meet both functional and regulatory standards. Their smaller environmental impact compared to traditional plastics makes them a popular choice for manufacturers and retailers aiming for sustainability. The medical and healthcare segment is expected to grow the fastest during the forecast period. This growth is linked to the rising use of bioplastics in surgical instruments, drug delivery systems, and medical implants. Their biocompatibility and ability to break down naturally make them suitable for healthcare applications. For more information, visit the Towards Chemical and Materials website or email the team at sales@ +1 804 441 9344 More Insights in Towards Chemical and Materials: Bio-Based Polyurethane Market : The global bio-based polyurethane market volume was reached at 4.86 million tons in 2024 and is expected to be worth around 10.73 million tons by 2034, growing at a compound annual growth rate (CAGR) of 8.24% over the forecast period 2025 to 2034. Polypropylene Market : The global polypropylene market volume was reached at 87.21 million tons in 2024 and is expected to be worth around 135.05 million tons by 2034, growing at a compound annual growth rate (CAGR) of 4.47% over the forecast period 2025 to 2034. Biomaterials Market : The global biomaterials market volume was reached at 805.32 kilo tons in 2024 and is expected to be worth around 1850.43 kilo tons by 2034, growing at a compound annual growth rate (CAGR) of 8.68% over the forecast period 2025 to 2034. PFAS Free Chemicals Market : The global PFAS free chemicals market volume was valued at 211.23 kilo tons in 2024 and is expected to reach around 905.32 kilo tons by 2034, growing at a CAGR of 15.67% from 2025 to 2034. Sustainable EPDM Market : The global sustainable EPDM (ethylene propylene diene monomer) market volume was reached at 1,80,000.0 tons in 2024 and is expected to be worth around 2,61,364.2 tons by 2034, growing at a compound annual growth rate (CAGR) of 3.80% over the forecast period 2025 to 2034. Bio-based Solvents Market : The global bio-based solvents market volume was reached at 13,00,000.0 tons in 2024 and is expected to be worth around 25,81,297.5 tons by 2034, growing at a compound annual growth rate (CAGR) of 7.10% over the forecast period 2025 to 2034. Bio-based Surfactants Market : The global bio-based surfactants market volume is calculated at 5,96,016.3 tons in 2024, grew to 6,18,664.9 tons in 2025 and is predicted to hit around 8,65,429.5 tons by 2034, expanding at healthy CAGR of 3.80% between 2025 and 2034. Oil & Gas Market : The global Oil & Gas-market size was valued at USD 6.10 Trillion in 2024, grew to USD 6.33 Trillion in 2025, and is expected to hit around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034. Oil & Gas Infrastructure Market : The global oil & gas infrastructure market size was reached at USD 752.19 billion in 2024 and is expected to be worth around USD 1,377.87 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.24% over the forecast period 2025 to 2034. U.S. Oil & Gas Market : The U.S. oil & gas market volume is calculated at USD 1.55 trillion in 2024, grew to USD 1.61 trillion in 2025, and is projected to reach around USD 2.24 trillion by 2034. The market is expanding at a CAGR of 3.75% between 2025 and 2034. Europe Green Building Materials Market : The was reached at 169.9 million tons in 2024 and is expected to be worth around 406.7 million tons by 2034, growing at a compound annual growth rate (CAGR) of 9.12% over the forecast period 2025 to 2034. Bioplastics Market Top Companies NatureWorks LLC- Leading producer of Ingeo™ PLA bioplastics, derived from renewable plant sugars, widely used in packaging and fibers. TotalEnergies Corbion- Joint venture producing PLA and lactic acid, focusing on renewable bioplastics for packaging and agriculture. BASF SE- Offers biodegradable plastics like ecovio® and is advancing biopolymer research for various applications. Novamont S.p.A.- Develops Mater-Bi®, a compostable bioplastic used in packaging, agriculture, and bags, promoting circular economy. Biome Bioplastics- Specializes in biodegradable polymers for packaging, agriculture, and consumer goods, emphasizing compostability. Mitsubishi Chemical Group- Produces bio-based polymers and focuses on sustainable materials for packaging and automotive industries. Danimer Scientific- Manufactures PHA bioplastics from renewable resources, used in packaging and single-use products. FKuR Kunststoff GmbH- Develops biodegradable and bio-based plastics, offering custom compounds for various industries. Braskem S.A.- Produces bio-based polyethylene from sugarcane, a leading player in green polyolefins. Toray Industries Inc.- Engaged in bio-based polymer production and R&D, focusing on fibers and films for diverse applications. Evonik Industries AG- Produces bio-based building blocks and specialty chemicals, enabling bioplastic innovation and performance. Bioplastics Market Top Key Companies: NatureWorks LLC TotalEnergies Corbion BASF SE Novamont S.p.A. Biome Bioplastics Mitsubishi Chemical Group Danimer Scientific FKuR Kunststoff GmbH Braskem S.A. Toray Industries Inc. Evonik Industries AG Green Dot Bioplastics Plantic Technologies (Kuraray Co. Ltd.) Teijin Limited Tipa Corp. Ltd. Biotec GmbH Anellotech Inc. Trifilon AB Cardia Bioplastics Synbra Technology BV What is Going Around the Globe? In November 2024, Fortum has created a fully biodegradable plastic made entirely from captured carbon dioxide. This innovation provides a fossil-free alternative to traditional plastics. It supports carbon recycling efforts and promotes sustainable packaging solutions in various industrial sectors. In September 2024, CSIRO and Murdoch University have set up a Bioplastics Innovation Hub in Australia with US$8 million collaboration. The hub aims to speed up the development of sustainable, biodegradable plastic alternatives. Its goal is to reduce plastic waste and support the commercialization of eco-friendly materials through collaboration between industry and academia. Bioplastics Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Bioplastics Market By Product Type Bio-Based Non-Biodegradable Plastics Bio-Polyethylene (Bio-PE) Bio-Polyethylene Terephthalate (Bio-PET) Bio-Polyamides (Bio-PA) Bio-Polypropylene (Bio-PP) Biodegradable Plastics Polylactic Acid (PLA) Polyhydroxyalkanoates (PHA) Starch Blends Polybutylene Adipate Terephthalate (PBAT) Polybutylene Succinate (PBS) Cellulose-based Plastics By Feedstock Source Starch-based Sugarcane-based Cellulose-based Vegetable Oils & Fats Agricultural Waste Algae-based Others (e.g., wood chips, food waste) By Processing Technology Injection Molding Extrusion Blow Molding Thermoforming Others (e.g., 3D printing, rotational molding) By End-Use Industry Packaging Rigid Packaging Flexible Packaging Consumer Goods Electronics Household Items Toys Automotive & Transportation Interiors Exterior Panels Textiles Apparel Industrial Fabrics Agriculture Mulch Films Plant Pots Building & Construction Insulation Panels Medical & Healthcare Drug Delivery Systems Sutures Others 3D Printing Coatings & Adhesives By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Nova One Advisor | For Latest Update Follow Us: USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web:

Helium One Global Ltd Announces Result of Oversubscribed WRAP Retail Offer
Helium One Global Ltd Announces Result of Oversubscribed WRAP Retail Offer

Yahoo

time4 hours ago

  • Yahoo

Helium One Global Ltd Announces Result of Oversubscribed WRAP Retail Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN. Result of Oversubscribed WRAP Retail Offer LONDON, UK / / August 7, 2025 / Helium One Global Ltd (AIM: HE1), the primary helium explorer in Tanzania, with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, is pleased to confirm, further to the announcements made on 5 August 2025 and 6 August 2025, the result of the WRAP Retail Offer at the Issue Price of 0.54 pence per share. The WRAP Retail Offer was oversubscribed, and the Company announces that it has raised aggregate gross proceeds of approximately £1 million. Accordingly, the Company will issue a total of 185,185,185 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer. Lorna Blaisse, Chief Executive Officer, commented: "We are very pleased to have been able to include our retail shareholders via the WRAP and are delighted with the response that we have received, given that it was oversubscribed to the extent that it closed early. I'd like to thank our existing shareholders who remain committed to the Company and see the potential that the Board has always believed to be integral to our projects. This is a very exciting time for Helium One as the Company moves away from being an explorer towards becoming an established helium producer; with first gas planned for later this year from our non-operated helium-CO2 project in Colorado with Blue Star Helium. In addition, we are now funded to push ahead with our ESP operations and developing our southern Rukwa project further. We look forward to the formal signing ceremony for the Mining Licence with the Government of Tanzania which is expected to take place in due course." Admission and Total Voting Rights Applications have been made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 11 August 2025. Upon Admission, the Company's issued ordinary share capital will consist of 6,404,091,962 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 6,404,091,962. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares. Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 16:31 BST on 5 August 2025. For further information, please contact: Helium One Global Ltd +44 20 7920 3150 Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Winterflood Retail Access Platform +44 203 100 0286 Kaitlan Billings Sophia Bechev Further information on the Company can be found on its website at This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood. Notes to Editors Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. The Company holds helium licenses within two distinct helium project areas, across two continents. With an expanding global footprint, the company has the potential to become a strategic player in resolving a supply-constrained helium market. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project entering a full appraisal and development stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test ("EWT"), successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the EWT, the Company filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024 and the 480km2 ML was formally awarded to the Company in July 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. Important Notices The content of this announcement, which has been prepared by and is the sole responsibility of the Company. This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia (the "United States" or "US")), Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction. The WRAP Retail Offer Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or under the applicable state securities laws of the United States and may not be offered or sold directly or indirectly in or into the United States. No public offering of the WRAP Retail Offer Shares is being made in the United States. The WRAP Retail Offer Shares are being offered and sold outside the United States in "offshore transactions", as defined in, and in compliance with, Regulation S under the US Securities Act ("Regulation S") to non-US persons (within the meaning of Regulation S). In addition, the Company has not been, and will not be, registered under the US Investment Company Act of 1940, as amended. This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for WRAP Retail Offer Shares in the United States, Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction in which such offer or solicitation is or may be unlawful. No public offer of the securities referred to herein is being made in any such jurisdiction. This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the US Securities Act, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. WRAP is a proprietary technology platform owned and operated by Winterflood Securities Ltd (registered address at Riverbank House, 2 Swan Lane, London EC4R 3GA; FRN 141455). Winterflood Securities Ltd ("Winterflood") is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the WRAP Retail Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the WRAP Retail Offer, Admission and the other arrangements referred to in this announcement. The value of Ordinary Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. Certain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which may use words such as "aim", "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could cause the actual results of operations, financial condition, liquidity and dividend policy and the development of the industries in which the Company's businesses operate to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. These forward-looking statements speak only as at the date of this announcement and cannot be relied upon as a guide to future performance. The Company and Winterflood expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Conduct Authority, the London Stock Exchange or applicable law. The information in this announcement is for background purposes only and does not purport to be full or complete. None of Winterflood or any of its affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. Winterflood and its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or its contents or otherwise arising in connection therewith. Any indication in this announcement of the price at which the Ordinary Shares have been bought or sold in the past cannot be relied upon as a guide to future performance. Persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings or target dividend per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings or dividends per share of the Company. Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The WRAP Retail Offer Shares to be issued or sold pursuant to the WRAP Retail Offer will not be admitted to trading on any stock exchange other than the London Stock Exchange. It is further noted that the WRAP Retail Offer was only open to investors in the United Kingdom who fall within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (which includes an existing member of the Company). This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire

76% of UK Retailers Probing New Export Markets Due to Tariff Turbulence
76% of UK Retailers Probing New Export Markets Due to Tariff Turbulence

Yahoo

time5 hours ago

  • Yahoo

76% of UK Retailers Probing New Export Markets Due to Tariff Turbulence

Fashion firms across the globe are feeling the aftershocks of President Donald Trump's recent tariff announcements. In the United Kingdom, the majority of retailers say the trade policy shifts have shaken up their plans for the future. A study conducted by ESW and Retail Economics based on answers from 200 non-food U.K. retailers (many of which are focused on exports) revealed that the majority (76 percent) are now diversifying away from the United States as an end market. More from Sourcing Journal Trump Threatens EU With 35% Tariffs if Trade Bloc Forgoes $600B US Investment One in Five UK Consumers May Stop Shopping Online Over Cyberattacks EU Delays Duties on US, While India and China Negotiations are Snarled by Russia Conflict The U.S. represents the biggest non-European retail market for most exporters, and larger retailers have been 'radically re-drawing their global growth playbooks as protectionist trade policies upend decades-old export patterns.' This is less true for smaller retailers, 71 percent of which said they've been left without a discernible path forward by the shifts in the U.S.-U.K. trade relationship. Typically less resourced than their larger counterparts, small retailers will feel the impacts of America's new 10-percent baseline tariff deeply. That change is expected to increase average duties on non-food exports from 2.3 percent to a whopping 17.2 percent. That's a hard pill to swallow for any retailer, regardless of size. And if the tariffs increase beyond 22 percent in the future, more than half of all respondents said they would deem trade with the U.S. 'commercially unviable.' 'U.K. retailers are undergoing a seismic shift in their export strategies,' said Jon Sheard, vice president of Northern Europe at ESW. 'Retailers can no longer be overly reliant on a single trade corridor and are pivoting to new regions, including the Middle East and Asia-Pacific, where we are seeing exponential growth.' According to the groups' reporting, the export relationship with the Middle East and North Africa has blossomed in recent years, growing by 34 percent between 2021 and 2024. The United Arab Emirates (UAE) now represents to fastest-growing export market for U.K. retailers outside of the European Union, though non-EU countries in Western Europe have seen notable growth (15 percent), along with Asia-Pacific (6 percent). According to CEO of Retail Economics Richard Lim, 'Tariff volatility is reshaping the global retail landscape.' Lim believes retailers can no longer rely chiefly on the U.S. as an export market, as they have in the past. 'Instead, they're evaluating new trade routes and pivoting toward high-growth regions to diversify risk and capture new demand,' he said. 'Now is the time for exporters to plan and act. Future success will depend on the ability to adapt, localize, and seize emerging trade opportunities.' Retailers are quickly catching on to this new reality. The report showed that 77 percent view global brand building as a strategic imperative, and two-thirds are even willing to sacrifice some profit margin in favor of export growth. But there are significant challenges to overcome before these new international growth strategies can reach their full potential. In the near-term, the biggest hurdles include logistics costs, operational complexity and regulatory uncertainty. As they gear up for an evolution in the way that they export, many are looking for turnkey solutions that could help them handle logistics coordination, payments, taxes, customs, tariffs and fees, local marketing and positioning in front of new audiences. U.K. retailers believe they have a distinctive advantage that will give them a leg up, though: 40 percent said that 'Made in the U.K.' labeling and messaging carries a perception of premium quality because of the country's modernized safety and regulatory standards. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store