Tag: raw material

Foussemagne (France), July 8, 2025 – 7.30 pm CEST

FORT WAYNE, Ind., July 07, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced that Daniela Williams will join its executive leadership team as Chief Human Resources Officer (CHRO), bringing a proven track record of driving growth for global organizations.

According to Towards Packaging consultants, the global upcycled materials in packaging market is expected to witness significant growth during the forecast period from 2025 to 2034. Driven by evolving industry trends, increasing demand, and technological advancements, the market is projected to expand at a steady pace, highlighting its rising importance across various sectors worldwide.

The North America plywood market is projected to grow from US$ 16.82 billion in 2024 to US$ 23.37 billion by 2033, exhibiting a CAGR of 3.72%. This expansion is driven by increased government spending, technological advancements, and the demand for eco-friendly building materials. Green certifications and production innovations further boost market share. Significant infrastructural investments and urbanization stimulate plywood usage in residential and commercial sectors. Despite challenges such as volatile raw material prices and trade tariffs, key players like Boise Cascade and Weyerhaeuser Company continue to lead. The U.S., Canada, and Mexico are primary markets, each facing unique growth opportunities and challenges.

The Asia-Pacific Milk Powder Market is poised to grow from US$ 11.54 billion in 2024 to US$ 18.25 billion by 2033, registering a CAGR of 5.22% from 2025 to 2033. Key drivers include increased urbanization, longer shelf life, higher infant numbers, and rising demand for convenient dairy alternatives. The market is buoyed by growing health consciousness and increasing disposable income, particularly in China and India. E-commerce and modern retail expansion enhance accessibility. However, challenges like fluctuating raw material prices and intense competition persist. Key players include Nestle, Fonterra, and Amul.