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U.S. Shaftless Home Elevator Market Set to Reach USD 152.12 Million by 2033
Fueled by immense renovation spending and a massive aging population, the market holds vast potential. Shaftless elevators turn high home equity into a practical investment for long-term accessibility, value, and independent living. Chicago, July 18, 2025 (GLOBE NEWSWIRE) -- The U.S. shaftless home elevators market was valued at US$ 126.84 million in 2024 and is expected to reach US$ 152.12 million by 2033, growing at a CAGR of 2.04% during the forecast period 2025–2033. The United States shaftless home elevators market is currently undergoing a profound transformation, evolving from a niche luxury item into a mainstream solution for modern living. Driven by powerful demographic shifts and a renewed focus on home functionality, this market is poised for significant and sustained growth. As homeowners increasingly seek to future-proof their residences for a lifetime of use, the demand for accessible, space-efficient, and aesthetically pleasing mobility solutions has never been stronger. This report delves into the intricate dynamics of this burgeoning industry, presenting 70 prominent statistics that paint a detailed picture of the market's landscape as of 2025, highlighting the immense promise and opportunity that lies within. Get a Glimpse of the Report with a Free Sample Copy: The versatility of product design is a cornerstone of the expanding United States shaftless home elevators market. The most common configuration is the "through-the-floor" elevator, which ingeniously travels between two floors via a discreet aperture in the upper level's floor. Gaining significant traction is the pneumatic vacuum elevator, which utilizes air pressure for movement and often boasts a sleek, cylindrical, and transparent design that adds a futuristic touch to home interiors. While most models feature a practical square or rectangular footprint to maximize cabin space, some forward-thinking manufacturers cater to high-end design sensibilities by offering elegant octagonal or even fully round glass elevator options. Key Findings in United States Shaftless Home Elevators Market Market Forecast (2033) US$ 152.12 million CAGR 2.04% By Type Enclosed (87.38%) By Shape Type Round (58.86%) By Technology Traction (41.5%) By Capacity 340-544 kg (42.0%) Top Drivers An aging U.S. population strongly drives demand for home accessibility. Increasing homeowner focus on renovations adds significant elevator market value. High demand for space-efficient elevator solutions in existing U.S. homes. Top Trends Integration with smart home technology for greater user control, convenience. Rising consumer demand for aesthetically pleasing and highly customizable elevator designs. Growing focus on developing energy-efficient and sustainable home elevator systems. Top Challenges High initial product and installation costs can deter potential buyers. Shortage of skilled technicians for proper elevator installation and maintenance. Navigating complex local building codes and strict permitting approval processes. Analyzing Capacity, Dimensions, and Performance Metrics for Today's Shaftless Elevators Performance and specifications are critical differentiators in the United States shaftless home elevators market, with manufacturers offering a wide array of options to meet diverse needs. Standard shaftless elevators are typically engineered with a weight capacity ranging from 350 to 550 pounds, suitable for one to three passengers. However, for more demanding requirements, some models can safely handle heavier loads, with capacities reaching up to 770 pounds. Compact, single-person shaftless elevators are a popular choice, often featuring a capacity of around 375 pounds. For full wheelchair accessibility, larger and more robust models are available, with typical capacities around 485 to 500 pounds. At the highest end, heavy-duty options are available with impressive capacities of 750 lbs, 950 lbs, and even up to a remarkable 1,400 lbs. The interior cabin of a standard shaftless elevator is often dimensioned around 27 9/16' x 23 5/8' x 78 11/16', while larger, wheelchair-accessible cabins can measure approximately 33 7/16' x 49 3/16' x 78 11/16'. The compact footprint is a key selling point in the shaftless home elevators market, with some models occupying as little as 7 square feet of floor space. The travel distance for most shaftless elevators is limited to two stops, which translates to a vertical rise of approximately 13 to 14 feet, with some models specified to travel up to 168 inches (14 feet). The typical travel speed is a smooth and steady 30 feet per minute, though some models may operate at a more gentle speed of up to 16 feet per minute. For a successful installation, a minimum ceiling height of 89 inches is often a prerequisite. Identifying Key End-User Segments Driving Market Expansion and Broader Adoption The primary engine of growth for the United States shaftless home elevators market is overwhelmingly the residential sector. This dominance is being further fueled by a notable societal trend: the rise of multigenerational households, which inherently increases the need for in-home mobility solutions that cater to family members of all ages and abilities. While residential applications are the focus, shaftless vertical platform lifts are also finding applications in certain commercial settings to meet accessibility mandates. Beyond single-family homes, dormitories and condominiums are identified as key end-user segments where these compact lift solutions are becoming increasingly common. Similarly, the apartment buildings sector represents another crucial end-user market, as developers look to add value and accessibility to their properties. This diversification of end-users signals a broadening acceptance and integration of shaftless elevator technology across various living environments. Understanding the Modern Consumer: Motivations, Needs, and Key Purchase Drivers The consumer base for the United States shaftless home elevators market is motivated by a powerful confluence of practical needs and lifestyle aspirations. A principal driver is the aging U.S. population and the widespread desire to "age in place," allowing seniors to maintain independence and remain in their beloved homes for longer. Consequently, homeowners with existing mobility challenges are primary consumers, seeking a safe and reliable way to navigate their multi-level homes. Individuals with disabilities represent another significant and core user group for whom these elevators are not a luxury but a necessity. Beyond mobility, consumers are increasingly sophisticated, looking for space-saving and highly customizable designs that integrate seamlessly into their home's architecture. There is also a rapidly growing demand from homeowners undertaking luxury home renovations, who view a personal elevator as a statement of comfort and modern living. Eco-conscious consumers are another emerging demographic, drawn to new energy-efficient models. A large portion of buyers are retrofitting these elevators into existing homes, a testament to their minimal structural impact. Many homeowners are also astutely installing elevators as a long-term investment to increase their property's resale value. Finally, simple convenience is a major factor, with consumers using their elevators to effortlessly transport heavy items like groceries, laundry, and luggage between floors. Above all, safety is a paramount concern for all consumers, who prioritize features like emergency stop buttons and reliable battery backups. Examining the Competitive Landscape and the Leading Players Shaping the Industry The competitive environment of the United States shaftless home elevators market is dynamic and robust, characterized by a group of specialized and innovative companies. Industry analysis indicates that six main companies are the primary manufacturers of shaftless elevators, setting the standards for quality and innovation. The leading players who have established a strong market presence include Kone USA, OTIS, Cibes Lift, Savaria, Stiltz Lifts, Wessex Lifts, Pollock Lifts, Terry Lifts, and SHC Elevators. Other notable manufacturers making significant contributions include Lifton, and Nibav Home Lifts. Providers like Nationwide Lifts are recognized as a significant source for small shaftless residential elevators in the United States shaftless home elevators market, while Arrow Lift has carved out a strong brand reputation in the U.S. with its focus on small-sized domestic elevators. In a strategic move highlighting market consolidation and expansion, Cibes Lift Group acquired Country Home Elevator in May 2025, bolstering its presence in the American Midwest. Meanwhile, established giants like Mitsubishi Electric Building Solutions are also innovating, launching a new control renewal menu for elevators from other manufacturers in March 2025. To attract customers, many companies offer valuable services like free in-home consultations and quotes. A key competitive advantage frequently highlighted is the rapid installation time; some models can be fully installed in as little as one to two days, with most projects being completed in under two weeks. This is possible because, as companies emphasize, there is minimal construction required compared to traditional elevators. Reinforcing a commitment to domestic production, many manufacturers proudly highlight that their products are made in the USA. Unveiling Technological Innovations and Design Trends Redefining Modern Home Mobility Innovation is the lifeblood of the United States shaftless home elevators market, with trends in 2025 pointing towards a future of smarter, safer, and more stylish solutions. The integration with smart home systems is a key trend, empowering users with the convenience of remote control via dedicated smartphone apps. There is a powerful and growing focus on energy-efficient designs, with many new models incorporating LED lighting and advanced energy-saving motors. Safety continues to evolve, with improved features such as highly responsive pressure-sensitive sensors and reliable emergency battery backups becoming standard offerings. On the installation front, modular designs are gaining significant traction, which serves to simplify both the initial installation process and any future maintenance. Aesthetically, the market is witnessing a major shift, with a clear focus on sleek, minimalist designs that blend harmoniously with contemporary home interiors. Customization is now a major trend, as consumers demand elevators that can be tailored to their specific architectural needs and personal design preferences. In line with this, the use of glass and transparent materials to create a stunning panoramic view from within the cab is an exceptionally popular design choice. An exciting and innovative design trend is the "vanishing" elevator, where the cab's roof is finished to match the upstairs flooring, making the elevator virtually disappear when it is on the lower level. Finally, quiet operation has become a critical selling point, with many manufacturers successfully engineering and advertising a "whisper-quiet" performance to ensure a tranquil home environment, while the development of pitless elevators, which do not require costly and disruptive excavation, further simplifies installation. A Comprehensive Breakdown of Pricing Structures and Associated Costs in 2025 Understanding the financial investment is crucial for consumers navigating the United States shaftless home elevators market. The starting price for a standard through-the-floor home elevator typically ranges from $35,000 to $60,000, which includes the unit and professional installation. For those with more basic needs, a simple, single-person shaftless elevator can be acquired for a cost upwards of $20,000. For a multi-level home, a smaller elevator serving up to three floors can start at around $53,000, while a larger, wheelchair-friendly model for three stories will likely start closer to $73,000. Some estimates place the incremental cost of adding an elevator at between $5,000 to $15,000 per story. The overall price of a home elevator can span a wide spectrum, from $29,000 to over $100,000, depending heavily on the type and features. Pneumatic elevators, for example, generally start from $35,000. Premium glass or acrylic elevators, such as the visually striking Savaria Vuelift, are positioned at the higher end of the shaftless home elevators market, starting around $80,000. Sophisticated air-driven home elevators can have a starting price of $69,000. Prospective buyers should note that the quoted price from many reputable dealers already includes tax, shipping, and all installation fees. However, it is wise to budget for potential additional costs, which may include building permits, architectural fees for drawings, and any necessary home renovations to prepare the site. The key value proposition remains that shaftless elevators are generally less expensive than traditional elevators, primarily due to the elimination of costly hoistway construction, as the minimal site preparation work helps to keep overall project costs down. Customize the Data Scope to Match Your Objectives: The Unwavering Upward Trajectory: A Promising Outlook for the U.S. Market The confluence of demographic necessity, technological advancement, and evolving consumer desires has created a uniquely fertile ground for the United States shaftless home elevators market. The 70 statistics detailed in this report collectively point to an industry that is not only robust but also rich with innovation and consumer-centric solutions. From the wide array of customizable types and capacities to the sophisticated smart features and design trends, the market is successfully meeting the demand for a new standard of living. As more Americans choose to invest in the long-term accessibility and value of their homes, the shaftless elevator will become an increasingly integral feature of the modern American residence, promising a future where mobility and independence are seamlessly integrated into everyday life. U.S. Shaftless Home Elevators Market Major Players: Cibes Lift Evans Elevator Company Pollock Lifts USA Kone USA Stiltz Lift USA Otis USA SHC Elevators Other Prominent Players Market Segmentation: By Elevator Type Enclosed Open By Shape Type Round Square By Capacity 200-340 kg 340-544 kg 544- 600 kg More than 600 kg By Technology Hydraulic In Line Traction Others By End User Residential Elderly Care Centres Disability Centres Others By Distribution Channel Online Offline Direct Distributor Want Deeper Insights? Book a Free Call with an Expert: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: 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
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Recycled Polyolefin Market Size to Exceed USD 144.2 Billion by 2034
According to Towards chem and Materials consultants, the global recycled polyolefin market size was reached at USD 61.19 billion in 2024 and is expected to exceed around USD 144.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.95% over the forecast period from 2025 to 2034. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global recycled polyolefin market size is estimated at USD 66.67 billion in 2025 and is expected to hit around USD 144.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.95% over the forecast period from 2025 to 2034. A study published by Towards chem and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: The market is experiencing significant expansion due to the movement to sustainable packaging, light weight automotive, increasing infrastructure and conversion to more recyclable polymer-based solutions. Recycled polyolefins are merely reused thermoplastics that include polyethylene (PE) and polypropylene (PP) which have been recovered from post-consumer or post-industrial plastics waste and processed for re-use. The properties of recycled polyolefins that provide them desirability i.e., durability, lightweight, and chemical resistance make them suitable for applications in packaging, automotive, and construction. The market has continued to grow with more environmental considerations, government mandates, and growing consumer, brand owner, and retailer demand for sustainable solutions. Improvements in related sorting technologies and recycling technologies have continued to improve the end usage quality of recycled polyolefins. Key Takeaways The Asia Pacific recycled polyolefin market dominated the global market and accounted for the largest revenue share of 45.74% in 2024. The Europe is expected to grow at a notable rate in the future, owing to newly implemented and strong environmental standards and regulations. By product type, the Low-density polyethylene (LDPE) dominated the recycled polyolefin market across the product type segmentation in terms of revenue, accounting for a market share of 35.38% in 2024. By product type, the polyethylene terephthalate (PET) segment is anticipated to grow at a significant CAGR of 9.75% through the forecast period. By source type, the Plastic bottles dominated the recycled polyolefin market across the source segmentation in terms of revenue, accounting for a market share of 42.67% in 2024. By source type, the plastic film segment is projected to witness a substantial CAGR of 8.66% through the forecast period. By application, the Food packaging dominated the recycled polyolefin market across the source segmentation in terms of revenue, accounting for a market share of 37.64% in 2024. By application, the automotive segment is anticipated to grow at a significant CAGR of 9.25% through the forecast period. Recycled Polyolefin Market Report Scope Report Attribute Details Market size value in 2025 USD 66.67 billion Revenue forecast in 2034 USD 144.2 billion Growth rate CAGR of 8.95% from 2024 to 2034 Base year for estimation 2024 Historical data 2019 - 2024 Forecast period 2025 - 2034 Quantitative units Revenue in USD million/billion, Volume in Kilotons, and CAGR from 2025 to 2034 Segments covered Product type, source, application, region Key companies profiled LyondellBasell; SABIC; Dow; INEOS; Borealis; GCR; Omya International AG; Pashupati Group Explore Strategic Figures & Forecasts – Access the Databook | Immediate Delivery Available: Recycled Polyolefin Market Major Trends Utilizing new recycling processes- There is a gradual movement from traditional mechanical recycling to advanced chemical recycling. New innovations that lead to higher-quality output are allowing for recycled polyolefins that meet higher performance and safety standards in packaging and automotive applications. Increased demand due to brand commitments to circular economy- Manufacturers and consumer brands are increasing their use of recycled content to meet their sustainability goals, driving demand for recycled polyolefins used in rigid packaging, household goods, and textiles. Development of collection and sorting systems- Governments and the private sector are investing in better waste collection. Newer sorting technologies as well as improved collection systems are increasing both the volume and quality of recycled polyolefins available into the supply chain. Recycled Polyolefin Market Dynamics Growth Factor Mandatory Minimum Recycled-Content Laws Strengthening Demand Governments are promoting recycled polyolefin adoption, with recycled-content mandates making it law and enforceable. In June 2025, India, released draft Plastic Waste Management (Second Amendment) Rules, require the Category I rigid plastic packaging to have a minimum of 30% recycled content in 2025-26, with targets to reach 60% in 2028-29. In the USA, California's Assembly Bill (AB) 793 mandates recycled content standards for plastic beverage containers to contain 25% PCR (post-consumer resin) content in 2025 and must reach 50% by 2030. These governments provided mandates create un-assessable demand for recycled HDPE and PP, which means packaging producers and resin suppliers can use this buying behavior to take risks, invest in scalable polyolefin recycling infrastructure and material supply, even without market-research summaries. Is Artificial Intelligence the key to High-Purity and Scalable Recycled Polyolefin Solution? Artificial Intelligence is beginning to bring higher levels of efficiency and quality into the recycled polyolefin market. India-based Ishitva Robotics is leading in AI-powered waste sorting using NIR and machine learning methods to identify HDPE, LDPE, and PP from mixed waste streams accurately. Their AI- powered "SmaRT" sorters guarantee high purity output, crucial when re-processing into food-grade or industrial-grade recycled polymers. Europe is home to one of the largest organizations working on a similar project, involving an AI- powered robotic solution called, OMNI, provided by Recycleye and Valorplast, which has been capable of recovering food-grade PP with over 95% purity. Multinational firms like Borealis and TotalEnergies will be investing in AI-based systems to enhance sorting, traceability and end-product quality to continue to bridge the gap to virgin-grade standards and build the role of recycled polyolefins in the circular economy. Market Opportunity Is Heightened Demand for Sustainable Packaging Creating New Opportunities in the Recycled Polyolefin Segment? One main opportunity for the recycled polyolefin segment is the growing demand for sustainable packaging found in sectors like food & beverage, personal care, and even e-commerce. With environmental concerns building and regulations being enacted for recycled packaging content, many companies are hoping to move away from virgin plastics. For example, Unilever and PepsiCo have recently committed to incorporating more post-consumer recycled polyolefin in their product packaging. The EU directive of single use plastics and somewhere like India has also moved to amend its Plastic Waste Management Rules to focus on single-use plastics accelerating uptake of recycled polyolefin. Consumer awareness is surging so brands are also taking it seriously to meet their circular economic goals. All of this is helpful for recycled polyolefins as a valuable material in the world as we transition to greener packaging alternatives. What can be the Potential Barriers Limiting the Future Growth of Recycled Polyolefin Market? Variable quality of recycled materials- Recycled polyolefins frequently have consistency problems because of contamination; physical degradation during processing; and mixed plastic waste streams. These issues often impede the use of recycled polyolefins in high-end or technical applications. Lack of collection and sorting infrastructure- Inefficient waste collection systems and inadequate sorting infrastructure, particularly in developing countries, prevent the separation and accessibility of clean polyolefin waste, thus not providing a suitable, economically viable waste stream for polyolefins, and inhibit market growth. Regulatory and food safety issues- Due to strict regulations and food contact safety standards, food-grade and medical medical-grade applications for polyolefins are severely restricted, thus limiting re-use and recycling of polyolefins for commercial purposes, to those select industries. Invest in Premium Global Insights Immediate Delivery Available @ Recycled Polyolefin Market Segmentation Analysis Product Analysis Which Product Segment Will Take the Dominated in the Recycled Polyolefin Market Landscape? Low-Density Polyethylene (LDPE) segment is leading recycled polyolefin market in 2024, because of its useful application in films and packaging. Its properties provide recyclability, consumer preference for flexibility and low cost, and the source of commonly found waste (i.e., recyclable plastic bags), making it a favourite among manufacturers for cost neutral and sustainable means of using recycled materials. Polyethylene Terephthalate (PET) segment expects the fastest growth in the market during the forecast period, due to its recyclable nature and increasing segments of application (packaging and textiles). With the increased use of chemical recycling, PET recovery rates have improved and supported sustainability goals and compliance with regulations which is hastening its adoption in various consumer and industrial applications. Source Analysis Why Does Plastic Bottles Segment Dominated the Recycled Polyolefin Market in 2024? Plastic bottles segment dominated the recycled polyolefin market in 2024, because they are the most widely consumed type of plastic item and possess the best collection system. In addition, plastic bottles are the source stream that is the easiest to sort and process, and we can get a reliable and sustainable source of high-grade recycled raw material for packaging and household and industrial products. The plastic film segment expects the fastest growth in the market during upcoming period, because there has been an increase in recycling programs for agricultural films, carrier bags, and flexible packaging wraps. Improvements in the technology used to sort film, and there are new compliance regulations forcing industry to manage flexible plastic waste which adds additional pressure on recyclers to find a solution for the large stream of material that is not recyclable for the time being. Application Analysis Which Application Segment Holds the Dominant Share of Recycled Polyolefin Market? Food packaging segment leads the recycled polyolefin market in 2024, due to an increasing demand for sustainable options in consumer goods. Recycled polyolefins provide safety, flexibility, and durability, which make them great choices for packaging trays, containers, and films, as food brands transition to sustainable packaging options. The automotive segment expects the fastest growth in the market during the forecast period, as manufacturers seek lightweight, cost effective, and environmentally friendly materials. Recycled polyolefins find uses in non-structural and a variety of components like interior trim, under body shields, and battery housings, in support of circular economy strategies and compliance with vehicle sustainability requirements. Regional Analysis Why is Asia Pacific dominating the Global Recycled Polyolefin Market? Asia Pacific dominated the market in 2024, due to the wide industrial base, industrial development and demand from the construction and automotive industries. There are strong governmental incentives in Asia Pacific to reduce plastic waste and improve recycling infrastructure. For example, the Swachh Bharat Mission is helping India improve access to and quality of recycling, and limiting the amount of waste that can be imported into China is pushing its industries to develop and support domestic recycling efforts. The increasing consumption of plastics in areas such as automotive, construction, and fast-moving consumer goods (FMCG) also supports using recycled polyolefins as an input for many of these types of industrial applications. China Market Trends China is the leading country in the Asia Pacific recycled polyolefin market, driven by strong industrial development and demand for polyolefin in China from industries such as automotive, food and beverage packaging. The country is quickly growing its domestic recycling capacity, driven by demand from electric vehicles and e-commerce. In 2024, China imported 2.4 million tons of PE from the U.S. This accounted for 20% of its China's PE imports. Additionally, the adoption of technology, including sorting solutions powered by artificial intelligence, is positioning China to be an important leader in both regulatory action and innovation. What Makes Europe the Fastest Growing Marketplace for Recycled Polyolefin Market? Europe expects the fastest growth in the market during the forecast period, due to stringent environmental legislation, heightened consumer awareness, and a robust commitment to circular economy principles. Demand, from packaging and industrial applications, is set to be boosted by the EU's Single-Use Plastics Directive, alongside prescribed mandates on recycled content. Furthermore, there has been considerable progress with respect to technological innovation in mechanical and chemical recycling across the region. Several nations are opting to provide subsidies or incentives to improve the operations of plastic collection and sorting. In October 2024 - ICIS published new pricing assessments for recycled polyolefin agglomerates in Europe to enhance transparency and provide value chain stakeholders with reliable price benchmarks to improve decision making in the recycling and manufacturing sectors. Germany Market Trend Germany leads within the region from the standpoint of recycling, partly due to an established recycling infrastructure and proactive policy making. Germany has a dual waste collection system, allowing for a higher recovery of polyolefin materials which can be processed into high-quality applications. This leadership position is supported by strong R&D investment and government-backed recycling mandates that are placing Germany firmly ahead in the renewable polyolefin space within Europe. More Insights in Towards Chem and Materials: Polyolefin Market: The global polyolefin market volume was valued at 230.72 million tons in 2024 and is estimated to reach around 371.54 million tons by 2034, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period 2025 to 2034. Polyvinyl Chloride (PVC) Market : The global polyvinyl chloride (PVC) market size was estimated at USD 86.93 billion in 2024 and is expected to hit around USD 116.26 billion by 2034, growing at a compound annual growth rate (CAGR) of 2.95% over the forecast period from 2025 to 2034. Polyethylene Terephthalate (PET) Market : The global polyethylene terephthalate (PET) market size was estimated at USD 39.25 billion in 2024 and is predicted to increase from USD 41.47 billion in 2025 to approximately USD 68 billion by 2034, expanding at a CAGR of 5.65% from 2025 to 2034. Polyethylene Glycol (PEG) Market : The global polyethylene glycol (PEG) market volume was reached at 450,000 tons in 2024 and is expected to be worth around 788,565.1 tons by 2034, growing at a compound annual growth rate (CAGR) of 5.77% over the forecast period 2025 to 2034. Polyolefin Sheets in Industrial Market: The global polyolefin sheets in industrial market size accounted for USD 8.49 billion in 2024, grew to USD 8.99 billion in 2025, and is expected to be worth around USD 14.99 billion by 2034, poised to grow at a CAGR of 5.85% between 2025 and 2034. Polymer Denture Material Market : The global polymer denture material market size accounted for USD 2.49 billion in 2025 and is forecasted to hit around USD 4.11 billion by 2034, representing a CAGR of 5.75% from 2025 to 2034. What Is Going Around The Globe In Recycled Polyolefin Market? In October 2024 EREMA presented its new INTAREMA TVEplus Regrind Ro machine for Europe, which advances the recycling of polyolefins by providing higher quality recyclates and greater flexibility in processing contaminated plastic materials efficiently. In January 2025, PolyCyclA, the startup based in Chandigarh revealed a revolutionary plastic recycling technology in Bengaluru, leveraging AI for advanced sorting and recovery of polyolefins to reduce dependency on landfills and advance sustainable plastic management. In March 2025, GCR launched a new polyolefin recycling facility in Spain to support the circular economy. The facility features cutting-edge technologies to specifically recycle plastic waste into quality recycled polyolefins to allow for industrial reuse. Top 10 Companies in Recycled Polyolefin Market & Their Contributions LyondellBasell- Developing Europe's largest advanced plastic recycling hub in Knapsack, Germany to supply feedstock for its Wesseling and Geleen sites; aims to produce 2 million metric tonnes/year of recycled and renewable polymers by 2030. SABIC- Under its TRUCIRCLE™ portfolio, SABIC offers mechanical and certified circular polymers via advanced recycling; in India, a MoU with Pashupati Group to process post-consumer plastic into pyrolysis oil for certified circular polyolefins Dow- Utilities both mechanical and advanced recycling; offers REVOLOOP™ post-consumer recycled PCR resins, chemical recycling partnerships (Mura, Freepoint, Valoregen) to scale rPO feedstock capacity by 2030 INEOS- Offers Recycl-IN hybrid polymers mixing PCR with engineered virgin resins (up to 60% PCR content); also developing advanced recycling and 'design for recycling' mono-material films Borealis- Borcycle™ mechanical & chemical recycling tech converting mixed post-consumer waste into high-quality rPO; acquisitions (mtm, Ecoplast, Integra, Rialti) boosting capacity; demonstration compounding line in Belgium operational mid-2025 GCR- CICLIC® portfolio of high-quality rHDPE, rLDPE, rLLDPE, rPP produced via mechanical recycling; new Spain plant (Castellet i la Gornal) with 130,000 t/yr capacity; CO₂ savings up to 90% Pashupati Group- Indian recycler producing food-grade recycled polyolefin granules (HDPE/PP); exports to 25+ countries; MoU with SABIC for advanced recycling (pyrolysis oil feedstock) and value-added rPO pellets Omya International AG- Provides calcium carbonate masterbatch (Omyaloop MIX) to enhance mechanical properties of recycled polyolefin blends (PE/PP); enables broader feedstock acceptance and lower carbon footprint Recycled Polyolefin Market Top Key Companies: LyondellBasell SABIC Dow INEOS Borealis GCR Pashupati Group Omya International AG Recycled Polyolefin 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 Chem and Materials has segmented the global Recycled Polyolefin Market By Product Low-density Polyethylene (LDPE) High-density Polyethylene (HDPE) Polyethylene Terephthalate (PET) Polypropylene Other Product Types By Source Plastic Bottles Plastic Films Polymer Foam Other Sources By Application Food Packaging Construction Automotive Non-food Packaging Other Applications By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chem 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 Chem 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: 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
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Pharma Contract Research Organization (CRO) Services Market to Cross USD 36.66 Billion in 2025, Expanding at a CAGR of 10.04%
The global pharma contract research organization (CRO) services market size is calculated at USD 36.66 billion in 2025 and is expected to reach around USD 87.03 billion by 2034, growing at a CAGR of 10.04% for the forecasted period. Ottawa, July 18, 2025 (GLOBE NEWSWIRE) -- The global pharma contract research organization (CRO) services market size was valued at USD 33.31 billion in 2024 and is predicted to hit around USD 87.03 billion by 2034, a study published by Towards Healthcare a sister firm of Precedence Research. The growth of the market is driven by the growing factors like increased research and development spending, a growing number of clinical trials, and the rising prevalence of chronic diseases, which drives the growth of the market. Get a quick preview of key market insights and trends shaping the Pharma CRO Services landscape: Key Takeaways North America dominated the global pharma contract research organization (CRO) services market in 2024. Asia-Pacific is anticipated to grow at the fastest rate in the market during the forecast period. By scale of operation, the discovery services segment held a dominant presence in the market in 2024. By scale of operation, the preclinical services segment is anticipated to grow at the fastest rate in the market during the studied years. By target therapeutic area, the oncological disorder segment held the largest share of the pharma contract research organization (CRO) services market in 2024. By target therapeutic area, the cardiovascular disorder segment is estimated to grow at a significant rate during the predicted timeframe. Market Overview & Potential A pharmaceutical Contract Research Organization (CRO) provides a range of research services to biotech, pharmaceutical, and medical device companies. These include preclinical studies, clinical trial management, regulatory support, and more, helping clients develop and get approval for new drugs and medical devices. CROs bring specialized expertise and resources that support the entire drug development process, from initial research to post-market monitoring. They offer benefits such as saving costs and time, access to expert knowledge, allowing clients to focus on their core activities, and increasing efficiency and speed, making them an attractive choice for consumers. Access detailed data tables, segment analysis, and regional breakdowns in our comprehensive market databook: What is the Growth Potential Responsible for The Growth of The Pharma Contract Research Organization (CRO) Services Market? The market growth is primarily fueled by the rising number of clinical trials, increased outsourcing of R&D activities, and the demand for cost-effective drug development solutions. Technological innovations, especially in AI and machine learning, along with the growing complexity of clinical trials, further drive the market. Additional growth factors include more clinical trials by pharma and biotech firms, cost efficiency, advanced technologies, complex trial designs, regulatory pressures, an expanding pipeline of new therapies, the rise of personalized medicine, and the broader scope of CRO services. What Are the Growing Trends Associated with the Pharma Contract Research Organization (CRO) Services Market? Outsourcing Of Clinical Trials The factors such as cost efficiency, specialised expertise, and advanced technology demand for outsourcing of clinical trial services. Technological Advancement The integration of AI and ML for electronic data capture and electronic master files, and automating the processes, is a growing trend that drives the growth. Focus On Personalized Medicine and Biologics The growing demand for personalized medicines and biologics catering to the needs of the patient and consumers drives the growth of the market. Increased Research and Development Spending The growing pharmaceutical sector demand for research and development of new and innovative formulations, which demands CRO services, fuels market growth. You can place an order or ask any questions, please feel free to contact us at sales@ What Is the Growing Challenge in the Pharma Contract Research Organization (CRO) Services Market? The key challenge that limits the growth of the market is the regulatory complexity, as different landscapes and regions demand significant expertise and resources, which is a challenge in the growth of the market. The high operational costs are also a challenge, like technological advancements, skilled labor, and regulatory compliance, con contribute to the high operational costs, which limit the growth of the market. Regional Analysis How Did North America Dominate the Pharma Contract Research Organization (CRO) Services Market in 2024? North America dominated the global pharma market in 2024. The growth of the market is driven by technological advancements in the market to improve efficiency and speed of drug development through data analytics and AI fuels the growth of the market. The key players in the region also play a major role in the growth due to the offering and innovation in product development, which drives the growth like IQVIA, Laboratory Corporation of America Holding, Syneos Health, Parexel International Corporation, and ICON plc are some of the major players in the region. The growth is also seen as driven by research and development spending, focus on chronic diseases, and growing demand for outsourcing of research; these factors boost the growth of the market in the region. Contract Research Organization (CRO) services in the U.S. are growing through increased outsourcing of clinical trials, rising biotech startups, and FDA support for faster approvals. Technological integration, decentralized trials, and access to diverse patient populations also drive expansion, making the U.S. a global hub for clinical research innovation. Canada's pharma contract research organization (CRO) services are expanding steadily through increasing biotech-pharma collaborations, government innovation funding, and adoption of virtual and AI-enabled clinical trials. Regulatory reliance on CROs for compliance, combined with growing oncology and rare-disease studies, is driving wider use across provinces. What Made Asia Pacific Significantly Grow in The Pharma Contract Research Organization (CRO) Services Market In 2024? Asia-Pacific is anticipated to grow at the fastest rate in the market during the forecast period. The growth of the market is driven by the increasing R&D spending, growing clinical trials, outsourcing trends, technological advancements, and cost effectiveness, which fuels the growth of the market in the region. The technological advancements and stringent regulatory standards attract companies that focus on the development of innovative drugs, which boosts the growth of the market. The expanding pharmaceutical companies, biotechnology firms, and medical devices companies in the region also promotes the growth of the market. The pricing and growing pool of skilled professionals in the region also contribute to the growth of the market. CRO services in China are growing through supportive regulatory reforms, such as faster clinical trial approvals and acceptance of foreign trial data. The government encourages innovation, prompting CROs to expand capabilities across drug discovery, toxicology, and clinical operations. Collaborations between academic institutions and CROs are increasing, and the growing pool of trained clinical researchers is enhancing service quality. Additionally, many CROs are integrating digital tools and AI to streamline trial processes. India's CRO growth is driven by a skilled, English-speaking workforce, a large and diverse patient population, and improvements in regulatory efficiency. Academic partnerships and government-backed innovation hubs foster research collaboration. CROs are adopting advanced technologies like remote monitoring, e-clinical platforms, and AI-based data analysis. Training programs enhance GCP compliance and clinical staff proficiency. Get the latest insights on life science industry segmentation with our Annual Membership: Segmental Insights By Scale Of Operation The discovery services segment held a dominant presence in the market in 2024. Discovery services represent a foundational segment in the pharma contract research organization (CRO) services market, focusing on early-stage research to identify promising drug candidates. These services include target identification, hit discovery, lead optimization, and assay development, providing critical scientific insights before preclinical studies begin. By outsourcing discovery work, pharmaceutical companies can accelerate timelines, reduce costs, and access specialized expertise. The growing demand for innovative therapies and rapid pipeline expansion strongly supports the growth of discovery services within the CRO market. The preclinical services segment is anticipated to grow at the fastest rate in the market during the studied period. Preclinical services are a crucial segment of the pharma contract research organization (CRO) services market, focusing on evaluating drug candidates' safety and efficacy before human trials. These services include toxicology studies, pharmacokinetics, pharmacodynamics, and bioanalytical testing, providing essential data for regulatory submissions. By outsourcing preclinical work, pharmaceutical companies reduce development costs, access advanced technologies, and accelerate timelines. The increasing complexity of drug molecules and stricter regulatory standards drive demand for preclinical services, fueling the growth of the CRO market globally. By Target Therapeutic Area The oncological disorder segment held the largest share of the pharma contract research organization (CRO) services market in 2024. Oncological disorders represent a major target therapeutic area in the pharma market, driven by the urgent need for effective cancer treatments. CROs support pharmaceutical and biotech companies by providing specialized services across the drug development spectrum, including discovery, preclinical, and clinical studies focused on oncology. The complexity of cancer research, demand for targeted and personalized therapies, and rising global cancer incidence fuel this segment's growth, making oncology one of the most heavily invested areas in CRO services worldwide. The cardiovascular disorder segment is estimated to grow at a significant rate during the predicted timeframe. Cardiovascular disorders are a significant target therapeutic area in the pharma contract research organization (CRO) services market, driven by the high global prevalence of heart-related diseases. CROs support drug development for cardiovascular therapies through specialized discovery, preclinical, and clinical services, including safety assessments, efficacy studies, and biomarker analysis. The need for innovative treatments to address heart failure, hypertension, and related conditions fuels demand for CRO expertise. This strong focus supports market growth and advances the development of life-saving cardiovascular drugs worldwide. Elevate your healthcare strategy with Towards Healthcare. Enhance efficiency and drive better outcomes schedule a call today: Recent Developments in the Pharma Contract Research Organization (CRO) Services Market In March 2025, LSK Global Pharma Services selected Oracle Argus to manage and expand its global pharmacovigilance operations, for the management of the databases of pharmaceutical companies, ensuring safety. In November 2024, Thermo Fisher Scientific launched a suite of expanded CRO and CDMO services under its brand. The company has introduced to the market its Accelerator™ Drug Development, which Thermo Fisher is marketing as '360°' CDMO and CRO drug development solutions. Top Companies and Their Contributions to the Pharma Contract Research Organization (CRO) Services Market Company Contributions & Offerings IQVIA A leader in data-driven CRO services, IQVIA offers clinical development, real-world evidence, and technology-enabled solutions globally. Parexel International Specializes in regulatory consulting, Phase I-IV clinical trials, and biotech partnerships, with a focus on patient-centric trials. Medpace Provides full-service clinical trial management, emphasizing therapeutic expertise and in-house services like labs and imaging. Charles River Laboratories Offers preclinical and early-phase clinical services, with expertise in drug discovery, safety assessment, and lab sciences. CTI Clinical Trial & Consulting Focuses on rare diseases and regenerative medicine, offering personalized CRO services from preclinical to commercialization. WuXi AppTec Delivers comprehensive R&D solutions, including lab testing, manufacturing, and clinical services, mainly serving pharma and biotech. Veeda Clinical Research India-based CRO offering cost-effective early and late-phase clinical trials, bioavailability and bioequivalence studies. ICON plc A global CRO with expertise across all phases, providing clinical development and commercialization support using advanced analytics. LabCorp (Covance) Integrates diagnostics and drug development, offering end-to-end clinical trial services through its Covance division. Syneos Health Blends clinical development with commercialization, offering biopharma integrated solutions and a strong site-network model. Top Companies in the Pharma Contract Research Organization (CRO) Services Market IQVIA Parexel International (MA) Corporation Medpace Charles River Laboratories CTI Clinical Trial & Consulting WuXi AppTec Veeda Clinical Research ICON plc Laboratory Corporation of America Holdings Syneos Health Browse More Insights of Towards Healthcare: Medical Device CRO Market:The medical device contract research organization (CRO) market is valued at USD 8.49 billion in 2024, grows to USD 9.25 billion in 2025, and is expected to reach USD 19.9 billion by 2034, with a strong annual growth rate (CAGR) of 8.98%. Biopharmaceuticals CRO Market:The biopharmaceuticals contract research organization market is expected to grow steadily from 2025 to 2034, potentially reaching hundreds of millions of dollars in revenue during the forecast period. Healthcare CRO Market:The healthcare contract research organization (CRO) market is estimated at USD 53.87 billion in 2024, rises to USD 57.66 billion in 2025, and could reach USD 106.25 billion by 2034, growing at a CAGR of 7.04%. Preclinical CRO Market:The preclinical contract research organization (CRO) market is expected to grow from USD 6.8 billion in 2025 to USD 14.34 billion by 2034, at a CAGR of 8.73%. Biologics CRO Market:The biologics contract research organization market is valued at USD 31.15 billion in 2024, will grow to USD 35.22 billion in 2025, and is projected to reach USD 106.28 billion by 2034. Biotechnology & Pharmaceutical Services Market:The biotechnology and pharmaceutical services market stands at USD 76.51 billion in 2024, increases to USD 80.7 billion in 2025, and is expected to reach USD 130.56 billion by 2034, growing at a CAGR of 5.48%. Pharmaceutical Spray Drying Market:The pharmaceutical spray drying market is calculated at USD 2.37 billion in 2024, grows to USD 2.55 billion in 2025, and is projected to reach USD 4.93 billion by 2034, with a CAGR of 7.67%. Biopharmaceutical Third-Party Logistics Market:The biopharmaceutical third-party logistics (3PL) market is estimated at USD 143.44 billion in 2024, grows to USD 152.93 billion in 2025, and could hit USD 276.24 billion by 2034. Cold Chain Pharmaceuticals Market:The cold chain pharmaceuticals market is valued at USD 6.42 billion in 2024, increases to USD 6.67 billion in 2025, and is projected to reach USD 9.33 billion by 2034, with a CAGR of 3.83%. Radiopharmaceutical Market:The radiopharmaceutical market is worth USD 6.8 billion in 2024, grows to USD 7.32 billion in 2025, and is expected to reach USD 14.11 billion by 2034, expanding at a CAGR of 7.57%. Regions Covered North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Download the complete strategic report with deep analysis, forecast and competitive intelligence tailored for decision-makers: You can place an order or ask any questions, please feel free to contact us at sales@ Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. 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