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Biodegradable Plastics Market Size, Impact of COVID-19, Global Forecast 2021-2027

posted November 23, 2021   category » biodegradable plastics market

The recent years have exploded environment friendly alternatives globally. Preferably, biodegradable plastics are one set of materials that have become a popular replacement for conventional plastics as consumers demand green options to align with the environment. Biodegradable plastic degrades under biological (mainly microbial) action with a bleak chance of hampering the natural environment. Moreover, the awareness of conventional plastic's harmful impact on the environment has also supported the global market for biodegradable plastics. According to the report by Renub Research, Global Biodegradable Plastics Market is expected to reach US$ 7.1 Billion by 2027.

 

COVID-19 Impact on Global Biodegradable Plastics Market:

Biodegradable plastics confirm to be an outstanding option to conventional plastics, which are in enhanced demand owing to the increase in food, pharma, and PPE packaging amidst the pandemic booming of the market strength globally. Remarkably, the need for food packaging and single-use plastic has increased in the COVID-19 pandemic. Companies have endeavoured biodegradable alternatives for food packaging and single-use cutlery, driving the market growth.

 

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=biodegradable-plastic-market-p.php

 

Worldwide Biodegradable Plastic Market Size was US$ 4.3 Billion in 2021

Numerous biodegradable and compostable plastics are bioplastics produced from plants rather than fossil fuels. There are many options, such as packaging, agriculture, and consumer goods depending on their application. Wherein biodegradable plastics can be split down by microbes, crushed up and converted into biomass, water and carbon dioxide (or in the nonexistence of oxygen, methane rather than CO2).

 

The positive impacts of biodegradable plastic are being regulated while society is transitioning towards a circular economy. Legislation is the most critical driver for biodegradable plastics globally. For example, bans or taxes on the use of non-biodegradable shopping bags in Italy, France, or coastal cities have led to a substantial surge in the consumption of biodegradable plastics.

 

By Application, Packaging is currently Gaining Traction in the Global Biodegradable Plastic Market:

By Applications, Packaging, Agriculture and Consumer Goods, Packaging is the chief use for biodegradable plastics. Wherein flexible packaging uses biodegradable plastics, large multinationals in the consumer-packaged goods, retailers, and foodservice sectors have also made progress or declared intentions to scale biodegradable plastic usage dramatically. Consequently, drive the demand for biodegradable packaging for fresh produce and food cutlery and compostable bags across the globe. In addition, several e-commerce giants have also prompted a switch to biodegradable packaging, encouraging the biodegradable demand in online goods and food delivery.

 

Similarly, agriculture also uses biodegradable plastics. The agricultural mulching film is used to improve crop yield in many countries. The traditional mulching film is difficult to collect from the field and can lead to severe plastic pollution in the soil. The biodegradable mulching film has, therefore, been tested and developed to be an alternative. Though its soil biodegradability and consequences are not fully understood, many countries have applied it to a larger scale.

 

Global Biodegradable Plastic Industry will grow with a CAGR of 8.72% during 2020-2027

Across the realms of the global biodegradable plastic market, by material type, Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Starch Blends are most renowned. Amongst the variants, starch blends emerge as the global leader in market share in the worldwide market.

 

Moreover, the commercial development of starch blends has gone through several phases. Starch blend being inexpensive and readily available compared to other natural polymers with additional biodegradability makes it a popular material to expand biodegradable plastics. Exceptionally, starch-bends are used in end-use industries such as packaging, automobiles, and agriculture.

 

On the other hand, PHA is majorly employed in medical applications such as drug encapsulation and medical implants. Other medical uses comprise tissue engineering, bone marrow scaffolds, and bone plates. Additionally, PHA is also used to produce compost bags, agriculture foil and films, packaging for food and beverages, and consumer goods, thereby feeding the growth of PHA globally.

 

The Future for Biodegradable Plastics:

Demand for biodegradable plastic has been rising due to environmental concerns regarding the use of non-renewable materials. As per our analysis, global market predictions are more ambitious, with an estimation of global biodegradable plastics demand reaching 2,066.99 Thousand Tonnes by 2027. The prevailing instances, like in China legislation relating to single-use plastic, are driving the need for biodegradable plastics. Moreover, according to Greenpeace China, has planned or constructed new biodegradable plastic projects with 36 companies.

 

By Region, Global Biodegradable Plastic Market has been segmented into North America, Europe, Asia Pacific, The Middle East and Africa and Latin America:

The North American market is a crucial hub as it is the leading region in the research & development and consumption of biodegradable plastic. Consumer goods are added vertical that shall fuel the market growth in North America owing to the raised living standards of the people, which prefer quality products instead of cheaper products.

 

Currently, Europe has the most extensive production capabilities and regional development. The robust automotive industry and the increasing demand for bio-plastic-based packaging products by various manufacturers in Europe expect to favour the market's demand. The expanding packaging industry in the region shall further bolster regional growth due to the expanding market for lightweight automobile parts and electronic goods.

 

In addition, the growth of the biodegradable plastics market in Asia-Pacific is attributed to the apparent availability of raw materials utilised to produce biodegradable plastics. However, the future development of biodegradable plastics in Asia-Pacific is highly attributable to the awareness about biodegradable plastics as a viable option to conventional plastics and price reduction.

 

Key Companies Insights:

The global competition among the players exists in the market due to many players present across the regions. Moreover, the demand for biodegradable plastic is poised to increase in both developed and developing economies. Hence, the key market players are spending in research and development to include biodegradable plastic products, which are strong and readily degradable in the natural environment. Major players in the industry include Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and GREEN DOT BIOPLASTICS.

 

Renub Research latest report “Biodegradable Plastic Market, Global Forecast By Material Type (Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Starch Blends), Applications (Packaging, Agriculture and Consumer Goods), Region (North America, Europe, Asia Pacific, The Middle East and Africa and Latin America), Companies (Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and GREEN DOT BIOPLASTICS)” provides a detailed analysis of Global Biodegradable Plastic Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/biodegradable-plastic-market-p.php

 

Material Type – Global Biodegradable Plastic Market & Volume have been covered from 6 viewpoints:

1.    Polybutylene adipate  Terephthalate (PBAT)

2.    Polybutylene Succinate (PBS)

3.    Polylactic Acid (PLA)

4.    Polyhydroxyalkanoate (PHA)

5.    Starch Blends

6.    Others

 

Applications – Global Biodegradable Plastic Market have been covered from 4 viewpoints:

1.    Packaging

2.    Agriculture

3.    Consumer Goods

4.    Others

 

Regions – Global Biodegradable Plastic Market have been covered from all the 5 regions:

1.    North America

2.    Europe

3.    Asia Pacific

4.    The Middle East & Africa

5.    Latin America

 

Company Insights:

    Overview

    Recent Developments

    Sales Analysis

 

Companies Covered:

1.    Total Corbion (Netherlands)

2.    Mitsubishi Chemical Holding Corporation (Japan)

3.    Toray Industries (Japan)

4.    Biome Bioplastics (UK)

5.    GREEN DOT BIOPLASTICS

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Follow on Twitter: @renubresearch

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Point of Care Diagnostic Market Size, Impact of COVID-19, Global Forecast 2021-2027

posted November 23, 2021   category » point of care diagnostic market

Point of care testing, is a medical testing that is performed outside of a laboratory setting. The implementation of POC testing is helpful for value-based healthcare where there is a need for more convenient diagnosis, accurate monitoring, early detection and the prevention and management of chronic conditions. In this report, we have covered diagnostic markets: Glucose Monitoring Infectious Disease, Pregnancy & Fertility Testing Market, Hermatology Testing, Cardio metabolic Monitoring, Coagulation Monitoring, Urinalysis, and Tumor Markers. According to Renub Research, The Global Point of Care Diagnostics Market will be US$ 44.00 Billion by 2027.

 

Worldwide Point of Care Diagnostics Market Size was US$ 29.04 Billion in 2021

Around the world, testing devices have been designed for point of care with reduced footprints and ability to analyze a larger range of biomarkers, making them more flexible than machinery in the central laboratory. Portability and versatility have expanded POC testing’s capability; diagnoses are conducted in less traditional places, such as lower-income and under-served populations, rural regions, and areas with limited infrastructure. Furthermore, the factors that drive the global Point of Care diagnostic are the surging prevalence of diseases which demand for better treatment and rapid diagnostic services. Staff shortages in clinical laboratories are primarily driving the demand for POC diagnostics.

 

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=point-of-care-diagnostic-market-p.php

 

United States Point of Care Diagnostics Market has the Lion’s Share

In this report we have covered by Country such as the United States, China, Japan, United Kingdom, Germany, Spain, Italy, Argentina, India, Brazil, Canada, and Mexico. The United States holds the dominant position across countries covered in this report and expected to continue its dominance during forecast period. The factors that contribute to this country's growth are the surging geriatric population base in the country, rising prevalence of diseases, and the favorable government regulations and initiatives undertaken to develop healthcare infrastructure. Emerging countries has been growing continuously and tend to do well during the forecast period as suggested by our analyst.

 

COVID-19 Impact on Point of Care Diagnostics Industry

Around the world, industries have been impacted by COVID-19 pandemic outbreak due to lockdowns, restrictions, and unavailability of transportation. But point of care diagnostics technologies has grown many folds. With many technologies approved during the pandemic for commercialization in the past 10 months, the field of COVID-19 POC diagnostics is rapidly evolving. As such, worldwide companies are in search of developing these devices to provide a reliable method of virus detection. The point of care market has multiplied during the pandemic and will surge post-recovery as expected. As per our research findings, the global Point of Care Diagnostics Industry will grow at a CAGR of 7.17% during 2021-2027.

 

Renub Research new report “Global Point of care diagnostic Market by Diagnostic types (Glucose Monitoring Infectious Disease, Pregnancy & Fertility Testing Market, Hermatology Testing, Cardio metabolic Monitoring, Coagulation Monitoring, Urinalysis, and Tumor Markers) Technology (Biosensor, Lateral Flow, Agglutination, Flow Through, Solid phase) End Users (Hospital, Clinics, Diagnostic centers, Others) Country (United States, China, Japan, United Kingdom, Germany, Spain, Italy, Argentina, India, Brazil, Canada, Mexico) Company (Sysmex, Abbott Laboratories (US, Becton Dickinson and Company (US), Danaher Corporation (US),Quidel Diagnostics (US))" provides in-depth analysis on the Point of care global industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/point-of-care-diagnostic-market-p.php

 

Diagnostics Types – Market breakup from 8 viewpoints

1.    Glucose Monitoring

2.    Infectious Disease

3.    Pregnancy & Fertility Testing Market

4.    Hermatology Testing

5.    Cardiometabolic Monitoring

6.    Coagulation Monitoring

7.    Urinalysis

8.    Tumor Markers

 

Technology - Market breakup from 5 viewpoints

1.    Biosensor

2.    Lateral Flow

3.    Agglutination 

4.    Flow Through

5.    Solid phase

 

End User - Market breakup from 4 viewpoints

1.    Hospital

2.    Clinics

3.    Diagnostic centers

4.    Others

 

Country - Market breakup of 12 countries

1.    United States

2.    China

3.    Japan

4.    United Kingdom

5.    Germany

6.    Spain

7.    Italy

8.    Argentina

9.    India

10.    Brazil

11.    Canada

12.    Mexico

 

All companies have been covered from 3 viewpoints

    Overviews

    Recent Developments

    Revenues

 

Companies Profile

1.    Sysmex

2.    Abbott Laboratories (US)

3.    Becton Dickinson and Company (US)

4.    Danaher Corporation (US)

5.    Quidel Diagnostics (US)

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Follow on Twitter: @renubresearch

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Chia seed Market Size, Share, Impact of COVID-19, Global Forecast 2021-2027

posted November 23, 2021   category » global chia seed market

Chia seeds are an edible grain from an annual herbaceous plant, Salvia hispanica L. of the mint family (Lamiaceae). It is one of the essential components of the diet of Mayas and Aztecs. Chia seeds are trendy in the vegetarian and gluten-free diets super foods between the health-conscious people for a good source of antioxidants, fibre, protein, and calcium, phosphorus, manganese and omega-3 fatty acids. According to Renub Research, Global Chia Seed Market will grow with a double digit CAGR of 30.77% during 2021-2027.

 

Global Chia Seed Market Size will reach US$ 5.5 Billion by 2027

Increasing demand for chia seeds in protein bars & natural food ingredients and dietary supplements in the food & beverage industry, preference for organic & gluten-free, vegan diet fuelled by growing awareness about chia seeds, especially among professional athletes, are main factors driving the growth of the global chia seeds market.  The preference for non-GMO chia seeds for cultivation is immense for raw material suppliers and distributors to invest in the chia seeds market.

 

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=chia-seed-market-p.php

 

Furthermore, the global Chia seed market is anticipated to be driven by nutritional and health-related properties. Chia seed has versatile ingredients that add value to the recipes; the sources offer high nutrition and medicinal value. The rising awareness of the nutritional advantages of chia seeds is setting a trend of chia seeds based product launches in the market, driving the growth of this market. However, stringent regulations imposed on the use of personal care ingredients & food by regional government authorities such as EFSA, FDA and less awareness about the importance of chia seeds in developing economies are significant challenges for the growth of the chia seeds market.

 

Worldwide Chia Seeds Market was US$ 1.1 Billion in 2021

Based on form, chia seeds are segmented into the whole chia, milled/ground chia, pre-hydrate chia, chia Oil—the whole chia segment is estimated for the largest market share due to high demand. Whole seeds are readily available in the market and added to many foods and drinks. Moreover, rising usage in animal feed and pet food applications due to high omega-three content will spur the demand for these seeds.

 

In addition, the oil form has a broad scope of application in personal care & cosmetics and nutritional & dietary supplements. Chia seed oil is a widespread ingredient in skincare products due to its high fatty acid content. It protects against ultraviolet (UV) rays and better skin hydration, which reduces the appearance of fine lines.

 

Geographic Analysis: United States mainly Imports Chia Seeds from Mexico, China, Paraguay, and Argentina

Worldwide, North America is the most extensive user of chia seeds. The American Heart Association recommends including omega-3 rich foods and oils in daily diets to prevent heart disease. Non-GMO and Organic variants are the emerging trend for black and white chia seeds.  Chia seeds are a functional ingredient in bakery products, muesli bars, peanut butter, cereals, and other food products.

 

The United States mainly imports chia seeds from various countries, such as Mexico, China, Paraguay, and Argentina. Chia seeds are readily available in grocery shops because they have a massive demand in the region. These benefits lead to the enhanced imports of the seeds in the United States. Besides, Chia seeds are significant for the agricultural industry's future in Asia- Pacific; the seeds are increasingly integrated into food sectors and health trends, such as energy drinks, snacks, or aggregates with cereal. China is the leading exporter of chia seeds in Asia-Pacific.

 

Impact of Covid- 19 on Chia Seeds Industry

Chia seeds are among the majorly exported products as the item's production is limited to a few geographies. Therefore, the initial Covid-19 lockdown causing disruptions in the logistics system has hit the commodity's supply across the globe and led to a decline in the chia seeds market in 2020.

 

Global Chia seed Market Players

Some of the significant global chia seeds market players are Glanbia PLC, Spectrum Organic Products LLC, Bayer AG, KWS SAAT SE and Co. KGaA, and Tyson Foods. The global chia seeds market players adopt several innovative techniques such as improved product distribution strategies and product launches to stay ahead.

 

Renub Research latest Report "Global Chia seed Market by Form (Whole Chia, Milled/Ground Chia, Pre-hydrate Chia, Chia Oil), Type (Black, Brown, White), Application (Personal Care & Cosmetics, Animal Feed & Pet Food, Nutritional & Dietary Supplements, Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and America), Top Importing Country (United States ,Germany, Netherland), Top Exporting Country (China , Canada ,Netherlands), Company Analysis (Glanbia PLC, Spectrum Organic Products LLC, Bayer AG, KWS SAAT SE and Co. KGaA, and Tyson Foods)" provides complete details on Global Chia seed Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/chia-seed-market-p.php

 

Form – Breakup from 4 viewpoints

1.    Whole Chia

2.    Milled/Ground Chia

3.    Pre-hydrate Chia

4.    Chia Oil

 

Type – Breakup from 3 viewpoints

1.    Black

2.    Brown

3.    White

 

Application - Breakup from 4 viewpoints

1.    Personal Care & Cosmetics

2.    Animal Feed & Pet Food

3.    Nutritional & Dietary Supplements

4.    Others

 

Region - Breakup from 5 viewpoints

1.    North America

2.    Europe

3.    Asia-Pacific

4.    Latin America

5.    Middle East and America

 

Top Importing Country - Breakup from 3 viewpoints

1.    United States

2.    Germany

3.    Netherland

 

Top Exporting Country - Breakup from 3  viewpoints

1.    China

2.    Canada

3.    Netherlands

 

All key players have been covered from 3 viewpoints

    Overview

    Recent Developments

    Financial Insights

 

Company Analysis

1.    Glanbia PLC

2.    Spectrum Organic Products LLC 

3.    Bayer AG

4.    KWS SAAT SE and Co. KGaA

5.    Tyson Foods

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Follow on Twitter: @renubresearch

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Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of year 2027

posted November 22, 2021   category » global sugar market

Globally, sugar refers to a sweet crystalline substance that prepared from sugar cane and sugar beet. Sugar production (whether from cane or beet) is also highly capital intensive, requiring large scale operations to be competitive. Sugar utilised for soft drinks, sweetened beverages, convenience foods, fast food, candy, confectionery, baked products, and other xsweetened foods. Also, sugar used in the distillation of rum. Moreover, sugar is a high profile commodity both politically and in trade in the world's key producing regions.

 

Sugar consumption in food and pharmaceutical industry will drive & steadily rising crude oil prices and lower global output would support the market

In recent years, the steadily rising crude oil prices and lower global output are expected to provide much-needed support to sugar prices and factors such as sugar consumption in food and pharmaceutical industry will drive this market. However, huge inventories, robust products in the ongoing season and near stagnant domestic demand will cap the price gains. Remarkably, the sugar industry worldwide is a residual market characterised by extreme volatility, which often trades below global production costs. As per Renub Research Analysis, Global Sugar Market will reach to US$ 53 Billion by 2027.

 

The trending sugar industry subsumes the production, processing and marketing of sugars (principally saccharose and fructose). Globally, most sugar is derived from sugar cane (predominantly in the tropics) and sugar beet (mainly in a temperate climate like in the U.S. or Europe). The revolutionary application of sugar finds numerous applications in the pharmaceutical and skincare industry as well. In the pharmaceutical division, sugar is included in the preparation of antibiotics and cough syrups. On the other hand, sugar is used in scrubs manufacturing due to its exfoliating properties in the skincare sector.

 

Our report covers handful of leading producers and their countries' support policies:

World sugar production and trade is dominated by a small number of influential producing countries. The top ten producers reviewed in our report are (Brazil. India, European-Union, Thailand, China, United States, Russia, Mexico, Pakistan and Australia) contribute to over half of global production. More on this, Brazil and India production share will flourish during the forecast period 2020-2027.

 

Request a Free Sample Copy of the Report:  https://www.renub.com/request-sample-page.php?gturl=global-sugar-market-p.php

 

Although the sugar market remains saturated in developed economies, such as the United States, Mexico, and the European Union, it shows promising growth in emerging regions. Driven by rising disposable incomes, urbanisation and changing food habits, the demand for sugar-based products in developing markets, such as India and China, confers solid growth.

 

The Support Policies and Subsidies Prevailing in Sugar Industry Worldwide:

As per our analysis, the global producers, particularly Brazil, Thailand and India, have responded to conditions by developing a substantial mix of policies and subsidies to support domestic production. Collectively these support policies have a profound distortionary effect on the world sugar market. Indeed, the government sugar policies in a handful of countries, notably Brazil, Thailand, and India, substantially impact the world sugar market's supply-demand balance and, consequently, its trading price level. Hence, the sugar industry is not a regular clearing market and cannot be used as a sustainable 'benchmark' to base sugar industry policies or strategies.

 

News about the Sugar Industry in 2021:

The Hindu Business line reported that sugar prices surged in 2019-20 due to extensively reduced output from India, the EU, and Thailand. Despite this, prices fell more than 30 per cent between February and April 2020 due to COVID-led disruptions and lockdowns. In addition, with unfavourable weather in Brazil and Thailand and a decline in Europe's output, India is focused on delivering a bumper output in the sugar season 2020-21. Moreover, in a global deficit output scenario, sugar prices in India are expected to remain steady, but massive carry-over stocks may cap the gains in prices.

 

Devastating COVID-19 impact on Global Sugar Industry:

The sugar industry worldwide, a significant player in the national economy, has faced many challenges in its course. The threat modelled by the growing pandemic novel coronavirus (COVID-19) has been the most recent one, and it is impacting sugar industry stakeholders and its integrated industries worldwide. The entire value chain of the global sugar industry, viz., sugarcane, sugar, molasses, ethanol and their subsequent marketing and export, has been adversely affected by the spillover impacts. However, the significant setbacks of COVID-19 on the sugar industry globally are coming back on track with the normalisation of the COVID-19 situation.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/global-sugar-market-p.php

 

Market Summary:

By Consumption - We have covered the market of India, European Union, China, United States, Brazil, Indonesia, Russia, Pakistan, Mexico, Egypt and Other as consuming countries in Global Sugar Market.

By Producing - We have studied the market of Brazil, India, European-Union, Thailand, China, United States, Russia, Mexico, Pakistan, Australia, Other as producing countries existing in Global Sugar Market constitutes.

By Export - This report studies Global Sugar Export Market of Brazil, Thailand, India, Australia, Guatemala, Mexico, European Union, South Africa, Russia and Colombia as exporting countries.

By Import - We have covered the Global Sugar Import Market of Indonesia, China, United States, Bangladesh, Algeria, Malaysia, United Arab Emirates, European Union, South Korea, Nigeria as importing countries.

Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies Associated British Foods plc, Nordzucker AG, Wilmar International Limited, Tereos and Lantic Inc.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Follow on Twitter: @renubresearch

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Europe Ice Cream Market Size, Share, Impact of COVID-19, Forecast 2021-2027

posted November 19, 2021   category » europe ice cream market

The ice cream had its origins in Europe; it is known as a traditional and favorite dessert. It is a sweetened iced food typically eaten as a snack or dessert. Ice cream is promoted as an effective delivery medium for probiotic organisms. Already a hotspot for luxury cakes, Europe welcomed top-quality ice cream into the product mix. Owing to increasing health-consciousness among the consumers and a rise in the lifestyle diseases like obesity, ice creams without dairy ingredients are gaining momentum in the European industry. According to Renub Research report, Europe Ice Cream Market will grow with a CAGR of 4.59% during 2021-2027.

 

Average consumption of ice cream across Europe is 6. 20 liters per/capita Per Year

Furthermore, various ice cream products with different nutritional values are available on the European market; they provide great taste, enjoyment, refreshment, happiness and pleasure to consumers of all ages. The per capita consumption of ice-cream is high in Europe because it is a country filled with traditional ice cream of more than 100 varieties. The ice-cream industry has great potential for growth in the country due to good cold chain infrastructure, growing disposable income and changing lifestyle of the people. According to EuroGlaces (European Ice Cream Association), the average consumption of ice cream across Europe is 6. 20 liters per/capita per year.

 

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Europe Ice Cream Market Size will reach US$ 28.4 Billion by 2027

European is choosing Premium ice cream due to the preferred flavors in individual premium portions are authentic and original combinations. Premium ice cream has fewer air particles per ice cream particle, and it has a higher percentage of butterfat. Additionally, with the rapidly growing urbanization and improving technology advancements in the European dairy sector, the demand for luxury ice cream and daily ice cream desserts products continues to rise steeply in the European marketplace. The utilization of novel ingredients like whole milk, skim milk and sweetening & flavoring agent are the main factors raising the annual revenue of the European ice cream market.

 

Europe Ice Cream Market was US$ 21.7 Billion in 2021

The German ice cream sector is driven by the take-home and Impulse ice cream' category. Take-home is getting popular among the higher-income consumers as well among the younger buyers. Hypermarkets & supermarkets are the leading channels for the distribution of Take-Home ice cream in the country. It includes multiple-serving ice cream tubs and ice-cream cakes.

 

While there is escalating demand for impulse ice cream due to favorable climatic conditions (moderately hot and humid) for consuming ice creams in Germany. An Increased impulse variety of flavors, especially the innovative ones like Prosciutto and Whisky Prune, have acted as a catalyst for demand generation of ice cream in the country. As per Statista, in 2018, around 14.31 million people in the German population aged 14 and over had eaten impulse ice cream.

 

Impact of COVID-19 on Europe Ice Cream Industry

The European ice cream industry had suffered during COVID-19 due to supply chain disruptions that impacted the ice cream sales. Due to the economic slowdown in the COVID-19 pandemic and a declining demographic, market revenues continue to hit the ice cream industry by rising health issues concerning lifestyle diseases and the pandemic. Also, European people were avoiding ice cream as they felt it made them susceptible to COVID-19.

 

Key European Ice Cream Companies Focusing on Novel Product Launches to help Companies expand their Product Lines

Major players such as General Mills Inc., Nestle S.A., Unilever, Baskin Robbins, Lotus Bakeries are focusing on fresh and healthy, launching innovative and affordable products for maintaining their market prominence in the European market. Companies are also focusing on the sustainable and suitable packaging of the product to attract consumers.

 

Renub Research latest Report “Europe Ice Cream Market By Product Type (artisanal, impulse and takes home), Ingredients (Whole Milk, Skim Milk, Cream, Sweetening & Flavoring Agent, Other (Egg Yolk, Stabilizers, Emulsifiers)), Category (Choc Snacks, Premium Ice-Cream, Luxury Ice Cream, Filled Cones, Children's, Standard Ice-Cream, Adult Refresh, and Daily Ice Cream Desserts, and Individual Ice-Cream), Application (Commercial, Residential), Distribution Channels (On Tread, Hypermarket & Supermarket , Food & Drink Specialists, Convenience Stores and Others), producing country (Germany, Italy, Spain ,France and United Kingdom), Companies (General Mills Inc., Nestle S.A., Unilever, Baskin Robbins, Lotus Bakeries)" provides complete details on Europe Ice Cream Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/europe-ice-cream-market-p.php

 

Product Type – Europe Ice Cream Market breakup from 3 viewpoints

1.    Artisanal

2.    Impulse 

3.    Take Home

 

Ingredients – Europe Ice Cream Market breakup from 5 viewpoints

1.    Whole Milk

2.    Skim Milk

3.    Cream

4.    Sweetening & Flavoring Agent

5.    Other (Egg Yolk, Stabilizers, Emulsifiers)

 

Category – Europe Ice Cream Market breakup from 9 viewpoints

1.    Choc Snacks

2.    Premium Ice-Cream

3.    Luxury Ice Cream

4.    Filled Cones

5.    Children’s

6.    Standard Ice-Cream

7.    Adult Refresh

8.    Daily Ice Cream Desserts

9.    Individual Ice-Cream

 

Application – Europe Ice Cream Market breakup from 2 viewpoints

1.    Commercial 

2.    Residential

 

Distribution Channels – Europe Ice Cream Market breakup from 5 viewpoints

1.    On Tread 

2.    Hypermarket & Supermarket 

3.    Food & Drink Specialists

4.    Convenience Stores 

5.    Others

 

Producing country – Europe Ice Cream Market breakup from 5 viewpoints

1.    Germany

2.    Italy

3.    Spain

4.    France

5.    United Kingdom

 

All key players have been covered from 3 viewpoints

    Overview

    Recent Developments

    Financial Insights

 

Company Analysis

1.    General Mills Inc.

2.    Nestle S.A.

3.    Unilever

4.    Baskin Robbins

5.    Lotus Bakeries

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

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Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

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United States Real Estate Market Size will grow with a CAGR of 5.45% from 2020 to 2027

posted November 17, 2021   category » united states real estate market

Renub Reserch latest report, titled United States Real Estate Market by Segments (Private, Public) Construction, Category (Residential & Non- Residential), Company Analysis, Forecast” the United States Real Estate Market is expected to reach US$ 1,751 Billion by 2027. Globally the real estate sector is the most recognized industry. In the United States, the real estate industry has been a big business generating billions of dollars in revenue annually. There are ample openings for entrepreneurs to turn a profit. Hence, Real estate plays an essential role in the U.S. economy. Moreover, real estate accounts for a significant portion of all economic activity at the aggregate level, and changes in the real estate market also have broader effects on the economy.

 

United States Housing Market will grow with a CAGR of 5.45% from 2020 to2027

The American real estate sector has witnessed high growth with a rise in demand for office and residential spaces. The government of America and the governments of respective states has taken several initiatives to encourage development in the sector. Besides, the growth of the real estate sector in the United States is well complemented by the positive change in the corporate environment and the demand for office space and urban and semi-urban accommodations.

 

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Additionally, the real estate construction sector will benefit from renovating and upgrading the existing stock, including redevelopment, additions, renovations, and retrofits. Also, the real estate development engine in the U.S. has impressive additional fuel to burn due to the awaited positive growth in the aggregate of households. Further, the newest development will likely occur in the more prospering cities, drawing residents from declining areas and rendering the housing in those areas obsolete.

 

By Segment – United States Real Estates Market revolves around Private Construction and Public Construction. Further, Private Construction and Public Construction comprises lodging, office, commercial, health care, educational, religious, public safety, amusement and recreation, transportation, communication, sewage and waste disposal, water supply, manufacturing, power, highway and street, conservation and development for buying, selling, and renting leasing of property, and condominiums.

 

Impact of COVID-19 on United States Housing Industry

The outburst and rapid spread of COVID-19 in early 2020 and stretching through October 2020 and assuredly beyond was one of the most severe collapses that the vast preponderance of the globe will eternally live through. Similar to other catastrophes or world wars, the novel coronavirus affected and continues to affect virtually every individual in every country in the world. So far in 2020, the United States real estate has been broadly negatively affected by COVID-19. Properties with a general application component like offices, retail, apartments, hotels, sports and entertainment venues have been singled out as latent spreading locations for the novel coronavirus.

 

United States Real Estate Market Size was USD 1,208 Billion in 2020

Currently, as evidenced by housing market conditions, despite increased housing insecurity caused by the pandemic, many housing market indicators have thus far remained strong in the nation. Contributing to rising prices and increased sales in housing inventory, the supply of homes for sale/on the market has decreased. Moreover, housing inventory was low even before the pandemic. However, it is possible that the pandemic exacerbated the shortage by causing people to put off selling their homes, in which case supply would be expected to increase somewhat in 2021.

 

Notwithstanding, the pandemic built a frenzied real estate market in maximum parts of the United States that have to let up, with demand for housing still outpacing the abundance of homes coming on the market, giving sellers a heavy upper hand in most of the country. But as per our estimates, the market cooled off a bit in July 2021, reasonably indicating that the wild price hike of the past year will have panicked off some buyers who favour waiting until things calm down to stay put or to continue renting.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/united-states-real-estate-market-p.php

 

United States Housing Industry Players Analysis

Some of the leading real estate companies running in the United States are Jones Lang Lasalle Incorporated, Hathaway home services, Cbre Group Inc., Brookfield properties LLC, Berkshire Cushman & Wakefield Holdings Inc.

 

As per our analysis, the upcoming year promises to bring evolution to the real estates' industry in every region of the United States. For instance, Northern Arizona University plans for large construction projects that include STEM disciplines and the Biological Sciences Building renovation. The Southwest Florida International Airport is planning a huge amount of USD 250 Million terminal expansion, and residents in the city of Shoreline will see a USD 64.3 Million roadway reconstruction project introduced in 2022 and many more cities.

 

Market Summary:

Segment – We have covered Private Construction and Public Construction of the United States Real Estates Market.

Private Construction – This report studiesPrivate Construction Market which has further been divided into two categories Residential and Non-Residential. Non-Residential Category is more on divided into fourteen sub-categories namely Lodging,Office, Commercial, Health Care, Educational, Religious, Public Safety, Amusement & Recreation, Transportation, Communication, Power, Sewage & Waste Disposal, Water Supply and Manufacturing

Public Construction –  This report covers the Public Construction Market, divided into two categories: Residential and Non-Residential. Non-Residential Category is further divided into 12 Sub-Categories namely Office, Commercial, Health Care, Educational, Public Safety, Amusement & Recreation, Transportation, Power, Highway & Street, Sewage & Waste Disposal, Water Supply and Conservation & Development

Key Players – We have studied the company by overviews, recent developments and revenue of following companies Jones Lang Lasalle Incorporated, Cbre Group Inc., Brookfield properties LLC, Berkshire Hathaway home services, Cushman & Wakefield Holdings Inc.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Follow on Twitter: @renubresearch

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Global Soybean Market is Forecasted to be more than US$ 162.36 Billion by the end of year 2027

posted November 15, 2021   category » global soybean market

According to the latest report by Renub Research, titled Soybean Market & Volume Global Forecast by Consumption, Production, Import, Export Countries, Company Analysis” the Soybean Market will be US$ 162.36 Billion by 2027. Soybean was initially cultivated in China more than 3000 years ago has become a global commodity, with numerous countries directly taking part as importers, exporters or both to international trade flows. Moreover, the industrial and agrarian revolution of the 18th century has reshaped the traditional geography of soybean diffusion, production and consumption worldwide and inflamed another fundamental shift for this crop.

 

Worldwide Soybean Industry was US$ 127.81 Billion in the year 2020

Additionally, by the 20th Century, soybean had transformed into a versatile and globally necessitated cash crop, with a new production hub based in the USA from a food staple conventionally planted and consumed in Eastern Asia and China for thousands of years. More on this, soybeans are among the few complete protein vegetable-based foods with nine essential amino acids namely histidine, leucine, isoleucine, lysine, methionine, phenylalanine, threonine, tryptophan, and valine. For this reason, the soybean has become a crucial source of human and animal protein worldwide, with the majority of its cultivation destined for animal feed and the remaining destined for direct human consumption.

 

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Soybean Production grew significantly due to Rise in Global Population

Globally, soybean production grew significantly, driven by world population growth and increased demand for meat, leading to the more outstanding production of soy-based animal feed. In addition, the introduction of genetically modified (GM) herbicide-resistant soybeans has also conceded improved productivity levels and a smaller workforce, facilitating the crop’s rapid expansion. As per our analysis, the soybean sector is also highly concentrated, with production mainly focused in Brazil, United States, Argentina, and China, ranking a distant fourth.

 

The rapid expansion of soybean in Brazil, which can also be seen as the result of technological and genetic improvement, gradually perfecting the adaptation of a temperate crop to the tropical climate, has been linked with deforestation, loss of biodiversity and reduction of other natural ecosystems. Thus, leading to increased efforts in production and sourcing soybean crops more sustainably. In fact, in the United States, soybean cultivation is projected to overtake wheat and corn as the crop covering the most significant farming land, spurred by the elevated demand for animal feed and the enlargement of soybean exports to China world’s largest soybean importer.

 

Global Soybean Market Size is expected to grow with a CAGR of 3.48% from 2020 to 2027

Soybeans, also known as the “king of beans”, are crushed chiefly into soy oil and meal. Besides, soybean is detected in hundreds of edible and non-edible products, from cooking oil, vegan food, animal grains and milk to biodiesel and other industrial applications. Soybean oil is the most preoccupied cooking oil in the global realm after palm oil. Furthermore, the adaptability of soybeans will be a significant factor in maintaining demand growth, as the soybean market can be utilised into animal feed, food and beverage, personal care, dietary supplements, pharmaceuticals, and biomaterials biofuels.

 

Soybean Trade Routes

Today, the leading soybean trade routes converge over the Pacific Ocean, shaping a triangle between China, Brazil and the United States of America. This picture reveals a complex ‘geopolitics’ of soybean trade flows, where a myriad of small actors – several countries, each with their interest – coexist in the international arena alongside the major players, which are embodied by the USA-China-Brazil triarchy. Contrarily, the historical production centre for this crop, China, is the primary consumer. Its growing demand for soybean is mainly fed by the Americas, with Brazil.

 

In addition, the exceptional growth in the global soybean production levels mirrors, of course, the consumption patterns for this crop. As per our analysis, domestic soybean consumption data shows that the five largest consumers – namely China, United States, Brazil, Argentina, and European Union– consumed about 80.86% of the soybean globally produced in 2020.

 

The current geography of soybean international trade flows is massively concentrated around two ‘magnetic’ poles. On the one hand, the Americas represent the export (and production) pole, with most soybeans traded internationally originating from Brazil, United States and Argentina. On the other hand, the import (and consumption) pole is situated in Asia – which attracted as a continent, with China playing the lion’s share. China’s soybean production has had a little hike in the forecasted period. At the same time, its consumption levels increased spontaneously in the same period, allowing foreign exporter countries to close this gap.

 

Company Analysis

Remarkable of the prominent players in the industry, such as companies like Kerry Inc, Fuji Oil Group, House Foods Group Inc, CHS Inc, Cargill Inc and Archer-Daniels-Midland Co-existing globally, are increasingly selling soybeans as plant-based meat substitutes to respond to consumer demand prevailing in the market.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/soybean-market-p.php

 

The Influence of COVID-19 on the Soybean Food Supply Chain:

Even with high COVID cases in the major producing countries, the soybean industry continues to operate, with farmers in the United States, Argentina, and Brazil crushing record amounts of soybeans. However, logistical bottlenecks had narrowed the crushing, transport, and export of the crop and farmers in these countries, particularly in Argentina, are recognising stockpiling their production to sell it later for meanwhile market conditions recover, given the impact of the lockdowns and reduced crop demand.

 

Nevertheless, demand for soybeans is projected to continue growing in the coming years due to various determinants. The intake of meat and soy-based health products is rising, while population figures are slated to expand, and policy-makers are more supportive of biodiesel as a fuel alternative. Specifically, soybean consumption is expected to grow, particularly among the growing middle class in emerging economies, increasing global plant-based meat consumption.

 

Market Summary:

Consuming Country – We have covered Soybean Market & Volume of China, United States, Brazil, Argentina, European Union, India, Mexico and Others

Producing Country – This report studies the Soybean Market & Volume of Brazil, United States, Argentina, China, Paraguay, India, Canada and Other.

Importing Country – This report covers the Soybean Market & Volume of China, European Union, Mexico, Egypt, Argentina, Thailand, Japan and Others.

Exporting Country – This report covers the Soybean Market & Volume of Brazil, United States, Argentina, Paraguay, Canada and Other.

Key Players – We have studied the company by overviews, recent developments and revenue of following companies Kerry Inc, Fuji Oil Group, House Foods Group Inc, CHS Inc, Cargill Inc and Archer-Daniels-Midland Co.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Soybean Oil Market is Forecasted to be more than US$ 78.99 Billion by the end of year 2027

posted November 15, 2021   category » global soybean oil market

According to Renub Research, report Soybean Oil Market & Volume By Consuming, Producing, Importing, Exporting Country, Company Analysis & Global Forecast” will be US$ 78.99 Billion by the end of 2027. Soybean oil is the second standard utilized vegetable oil across the world. It is a leading oil crop grown globally due to its diverse uses of oil and protein for humans and livestock. Soybean oil is a rich source of crucial nutrients like proteins, vitamins, plant sterols and fatty acids. As a result, it helps grow immunity, prevents osteoporosis, manages heart health, boosts skin and eye health, lowers cholesterol levels, and reduces the threat of cognitive disorders.

 

Factors Driving Soybean Oil Market

Moreover, the increasing awareness among consumers regarding the advantages of soybean oil, compared to other vegetable edible oils, has driven its demand significantly. One of the main factors propelling the requirement for soybean oil across the globe is its affordable rate. It is relatively less costly than most other edible oils such as canola oil, olive oil, coconut oil, and groundnut oil. As a result, it is prevalent in price-sensitive markets, particularly in developing regions.

 

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Over the years, soybean oil has become a favored choice for cooking in households and restaurants due to its vast smoke point, neutral taste, and negligible saturated fat content. Low cost, easy availability and the eco-friendly nature of soybean oil have further facilitated its usage in various sectors, such as feed, food and industrial.

 

Regional Analysis: China is the World’s biggest Soybean Oil Producer

The United States, China, Brazil, and India are the primary consumers and producers of soybean oil globally. China is the world’s biggest soybean oil producer; the demand for soybean oil has risen even more rapidly. With the constant growth of the economy and the rise of the total population, the consumption of vegetable oils is increasing year by year. The top vegetable oils consumed in China are soybean oil; it is becoming increasingly westernized cultural and economic factors that make China’s patterns of soybean oil production and consumption unique.

 

Further, biodiesel is leading to the increase in the consumption of soybean oil in the United States. Soybean oil is by far the most extensively produced and consumed edible oil in the United States. This makes soybean oil a good alternative for high-heat cooking methods like roasting, baking, frying, and sautéing, as it can resist high temperatures without breaking down.

 

The Soybean Oil Market Size was USD 52.6 Billion in 2020

Globally, Argentina is a crucial exporter of soybean oil. The main destinations of Argentina soybean oil exports were Bangladesh, India, Morocco, Peru and China. India is a significant soybean oil-importing country; it does not even produce half of its edible oil requirements. This is mainly due to rained conditions, smallholding with limited resources, high seed cost, low seed replacement rate, and low productivity. The nation has to rely on imports to meet the gap between demand and supply. India imports soybean oil mainly from Argentina, Brazil, Ukraine and Russia. India imports crude Soybean oil from the Crushing Capacities installed primarily in Argentina.

 

Impact of COVID-19 Pandemic in Global Soybean Oil Industry

The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the cost for palm oil and sunflower, combined with the potential growth in demand for biofuel and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/soybean-oil-market-p.php

 

Company Performance

The key players in the soybean oil industry are Kerry Inc, Fuji Oil Group, House Foods Group Inc, CHS Inc, Cargill Inc, and Archer-Daniels-Midland CoIn. For instance, in 2021, Archer Daniels Midland Company announced the manufacture of North Dakota’s first dedicated soybean crushing and refinery plant to meet fast-growing demand from food, biofuel, feed, and industrial customers, including producers of renewable diesel.

 

Report Summary

Consumption - This report covered by Consuming Country in the global soybean oils by breakup by 8 Sub-segments (China, United States, Brazil, Argentina, European Union, India, Mexico, Other)

Production – Renub research report covered by producing Country in the global soybean oils by breakup by 8 Sub-segments (China, United States, Brazil, Argentina, European Union, India, Mexico, Other)

Import - We have covered by importing Country in the global soybean oils by breakup by 10 Sub-segments (India, China, Algeria, Bangladesh, Morocco, Peru, European Union, Korea South, Colombia, Other)

Export – Our report covered by exporting Country in the global soybean oils by breakup by 8 Sub-segments (Argentina, Brazil, United States, European Union, Paraguay, Russia, Bolivia, Other)

All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Kerry Inc, Fuji Oil Group, House Foods Group Inc, CHS Inc, Cargill Inc, and Archer-Daniels-Midland CoIn.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

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Global Refrigerated Transport Market is Forecasted to be more than US$ 25.43 Billion by the end of year 2027

posted November 15, 2021   category » global refrigerated transport market

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.

 

In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.

 

Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.

 

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Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.

 

Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer's ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.

 

Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.

 

Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier's market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.

 

In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/refrigerated-transport-market-p.php

 

Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.

 

Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).

 

China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00 % during 2020-2027.

 

The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.

 

COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.

 

Market Summary:

Type - We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport - This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region - This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users - We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

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Global Agricultural Micronutrients Market is Forecasted to be more than US$ 10.7 Billion by the end of year 2027

posted November 15, 2021   category » global agricultural micronutrients market

Globally, micronutrients are vital for plant growth and are required in smaller amounts than those of the primary nutrients; nitrogen, phosphorus and potassium. The major micronutrients existing in the global market include boron (B), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo) and zinc (Zn), and chloride (Cl), while chloride is a micronutrient whose deficiencies rarely occur in nature. Therefore, discussions on supplying micronutrient fertilizers are confined to the other six micronutrients. Addition, Global Agricultural Micronutrients Market will reach US$ 10.7 Billion by 2027.

 

Application of Micronutrients with Mixed Fertilizers:

The most popular method of micronutrient application for crops is soil application. Recommended application rates usually are less than 10 lb/acre (on an elemental basis), so the uniform application of micronutrient sources separately in the field is complex. Therefore, both granular and fluid NPK fertilizers are commonly used as carriers of micronutrients. Including micronutrients with mixed fertilizers is a convenient application method and allows more uniform distribution with conventional application equipment. Costs also are reduced by eliminating a separate application. Four modes of applying micronutrients with mixed fertilizers are: 

    •    Incorporation during manufacture

    •    Bulk blending with granular fertilizers 

    •    Coating onto granular fertilizers  

    •    Mixing with fluid fertilizers

 

Some reasons for deficiency are higher crop yields that increase plant nutrient demands, high analyses of NPK fertilizers containing lower quantities of micronutrient contaminants, and decreased use of farmyard manure on many agricultural soils. Hence, micronutrient deficiencies have been verified in many soils through increased soil testing and plant analyses.

 

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Based on form, the overall agriculture micronutrients market is segmented within non-chelated and chelated forms, wherein the Chelated Micronutrients are formed by combining a chelating agent with metal through coordinate bonding. The stability of the metal-chelate bond affects availability to plants of the micronutrient metals, namely copper, iron, manganese, and zinc. However, the increasing application of non-chelated micronutrients is comparatively high because of their low price over chelated form micronutrients.

 

Globally intensifying zinc concentrate in the soil to improve quantitative and qualitative crop yield

Based on type, the overall agriculture micronutrients market is mainly segmented into zinc, boron, iron, copper, manganese, molybdenum, and other agricultural micronutrients. The zinc deficiency in soils and its wide range of functions in the growth of plants is renowned worldwide. In addition, the increase in the zinc agriculture micronutrients market is driven by the factors such as the rising need to meet food security challenges and the growing demand for zinc nutritious food products considering its health benefits. Rising global government initiatives towards intensifying zinc concentrate in the soil to improve quantitative and qualitative crop yield moreover support the growth of this market.

 

Recently, the deficiencies of micronutrients have been increasing in crops like Cereals, Food & Vegetables, Pulses & Oilseeds. Due to increasing nutrient loss incidences in cereals crops such as rice, wheat, and others, the cereals market has evolved the demand for the micronutrient. Moreover, the high demand for cereal-based crops as staples in many nations also increases micronutrient fertilizer application in these crops. Further, the growing health consciousness among consumers has fuelled the consumption of fruits & vegetables, consequently inflating the production of fruits & vegetables, boosting the utilization of global agricultural micronutrients in the fruits & vegetable crops.

 

Surging population & rapidly increasing demand for nutrient-rich foods will drive Asia-Pacific region market

Geographically, the market revolves around North America, Europe, and Asia – Pacific, South–America, and the World's rest. The Asia-Pacific region is attributed to the high consumption of primary nutrients and the rising incidences of micronutrient deficiency in the soil. In addition, the growing population and rapidly increasing demand for nutrient-rich foods will also boost the utilization of micronutrient fertilizers in the Asia-Pacific region. The North American region is anticipated to manifest the most accelerated growth throughout the foreseeable years. The region's tremendous growth can be attributed to continuously declining arable land within countries like the U.S. and Mexico, which further demand specialized products such as micronutrient fertilizer blends. To produce high-quality crops, enhanced awareness and adoption of crop nutrition products by growers within the region are predicted to aid the market in the region.

 

Additionally, the market in Europe is mainly induced by the extensive utilization of micronutrient manure by cereal crops in realms such as Germany, France, and the U.K. The expanding health awareness in the region and rising consumption of foods sourced from plant origin further support micronutrients' consumption in the region. Similarly, in South America, Brazil holds the lion's share and is driven by expanding planted areas and the growing agribusiness sector. Other significant countries consuming micronutrients as a fertilizer include Argentina, Chile, Colombia, Peru, and Paraguay. Also, in the Middle East and Africa, the demand for agricultural micronutrients is comparatively lower than in other regions. However, it will be increasing in the forthcoming years due to the rising agricultural yield and evolving farming technology in North Africa. The market for Agricultural Micronutrients worldwide will grow during 2020-2027 at a CAGR of % 7.62.

 

Healthy Smallholder Production Systems Develop as Mighty Nutrition Vehicles during COVID-19 Outbreak

The COVID-19 pandemic has had an instantaneous effect on food systems in emerging countries. Restrictions on the movement of people and goods have impaired access to the markets. Amid this uncertainty, governments are adopting strategies to safeguard the food and nutrition of people by prioritizing diversification of production. Such trends are creating revenue opportunities for companies in the agricultural micronutrients market.

 

Manufacturers in the agricultural micronutrient market encourage farmers and sellers to boost sales of nutritious and bio fortified crops such as wheat, maize, potato, and sweet potato. The COVID-19 pandemic has created people awake of foods rich in micronutrients. Local solid market chains, increased commercial utilization, and robust smallholder production systems make bio fortified crops powerful vehicles for nutrition. Global Agricultural Micronutrients Market valued at US$ 10.7 Billion in 2020.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/agricultural-micronutrients-market-p.php

 

Market Summary:

Product Type - We have covered the Global Micronutrients Market constituting Boron, Copper, Iron, Manganese, Molybdenum, Zinc, & Othersas product type.

Form Types -This report covers the Chelated and Non-Chelated as form types in the market.

Crop Types - We have covered the Global Micronutrients Market constituting Cereals, Food & Vegetables, Pulses & Oilseeds, Othersas crop type.

Region - This report studies Global Micronutrients Market of North America, Europe, Asia – Pacific, South–America, Rest of World.

Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies The Mosaic Company, Yara International, Nutrien Limited, BASF SE, Nufarm.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

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Global Paper Packaging Market will be US$ 427.0 Billion by 2027

posted November 12, 2021   category » global paper packaging market

Globally, paper packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. In addition, paper packaging can be customized to meet the customers' needs or product-specific needs. The attributes, like lightweight, biodegradability, and recyclability, are the added advantages of paper packaging. Further, making paper packaging an essential component for packaging. Moreover, single-use plastic is increasingly being replaced by paper-based packaging due to its sustainable nature. According to Renub Research analysis, by the end of the year 2027, Global Paper Packaging Market is expected to be US$ 427.0 Billion.


In addition, the rising demand from various end-use industries is an essential application for the Global Paper Packaging and Paperboard Packaging Market. The industries such as food, beverages, healthcare, personal care and home care include the end-users market segment. Further, environmental issues like landfills and the rising demand for eco-friendly packaging are other significant factors impelling the growth of the global paper packaging market. Also, stringent regulations against plastic-based packaging products are being brought in globally on account of their non-biodegradability.


Paper Packaging market worldwide will grow at healthy CAGR of 5.91%

Remarkably, food products & beverages are increasingly being packaged in paper-based packaging wraps due to their outstanding printability and non-reactive and low price. Thus, there are abundant growth opportunities for the market. However, some restraints like the intense competition among the paper packaging manufacturers and the competition from the available substitutes also prevail in the market, which may adversely impact the growth of the Global Paper Packaging Market.


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By Product Type, Paper packaging usually is attained in liquid packaging cartons, cartons or folding boxes, corrugated cases or wrapping paper for an immediate or implied association, i.e., primary, secondary or tertiary packaging in the industry. They are additionally obtainable in an extensive range of shapes, sizes, and colours to meet their customer's requirements.

 

Notwithstanding, the expansion of the e-commerce industry also aids in the growth of the paper packaging sector. Recently, E-commerce companies are often using cardboard packaging for secondary and tertiary packaging purposes because it is lightweight and low cost. Further, this also opens up new growth opportunities in the global Paper Packaging Market. In addition, numerous opportunities also lie in the growing packaged food industry expected to augment the market in the forthcoming years. However, the market for Paper Packaging global valued at US$ 286 Billion in 2020.

 

As per our analysis, we expect the rising sales for paper packaging to continue. However, we also believe that the industry will be facing transformation following customer demand for sustainability and the growth of emerging markets during the forecasted period. Such a boom will primarily affect flexible materials and cardboard boxes. One of the goals for the attainment of cardboard is a large number of returns for online orders occurring globally.

 

Asia Pacific’s will drive the market by Regions

Based on Geography, the Global Paper Packaging Market is analyzed into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific market is forecasted to expand rapidly due to the increasing population, surging middle-class income, expansion of retail networks, and poised growth of numerous end-use applications. Europe is also anticipated to advance considerably due to increasing sustainability awareness and the restricted use of single-use plastics.

 

The paper packaging market is fragmented by multiple players like West Rock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Limited and Mondi Group. The companies keep on innovating and entering into strategic partnerships to retain their market share.

 

Alliances, Collaborations, and Contracts

In September 2020, Mondi PLC partnered with BIOhofKirchweidach, an organic farm in Bavaria, to devise a sustainable packaging resolution for 500g packets of tomatoes on the vine to be given PENNY stores, which sizeable German retailer REWE Group owns. The project aims to substitute the present packaging, which contained 2.5 g of plastic coating in each pack, with a plastic-free and recyclable option.

 

COVID 19 Impacts on Paper Packaging Industry

Worldwide, COVID-19 pandemic outbreak has impacted many industries across all sectors. Restrictions, the lockdown has impacted much on every sector and the paper packaging industry. The paper packaging industry has much impacted the supply side due to lockdown and unavailability of transportations facilities. As per our analysis, we have seen recovery of this industry post-COVID-19 and will grow rapidly during the forecast period.

 

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/paper-packaging-market-p.php

 

Market Summary:

Product Type - We have covered the Global Paper Packaging Market constitutingLiquid Packaging Carton, Corrugated Cases, Carton & Folding Boxes, and others.

End Users - This report covers the Food, Beverage, Healthcare, Personal & Home Care and Others as end users in the market.

Region - This report studies Global Paper Packaging Market of North America, Europe, Asia Pacific, and the Rest of the world.

Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies West Rock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Limited and Mondi Group.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Colonoscopy Devices Market Size, Impact of COVID-19, Company Analysis, Global Forecast 2021-2027

posted November 10, 2021   category » colonoscopy devices market

Colonoscopy devices are the gold standard for colorectal cancer prevention. Worldwide colorectal cancer is the third most common cancer diagnosed in both men and women each year. According to the World Health Organization, in 2020, colorectal cancer accounts for around 1.93 Million incidences and more than 935,000 deaths globally. Further, colonoscopy devices are the endoscopic test of the distal part of the small bowel and the large bowel by fibre optic camera or a CCD camera on a flexible tube passed through the anus. It allows proper diagnosis and treatment without the need for a significant operation. As per Renub Research, Colonoscopy Devices Market is project to reach US$ 2,031.96 Million by 2027.

 

Factors Driving Colonoscopy Devices Demand Globally

The vital factors driving the market growth include the expanding preference for minimally invasive techniques, the growing prevalence of colorectal cancer, and technological advancements. Upcoming launches of promising pipeline applicants, the emergence of more front-line therapies, and favorable government initiatives are likely to fuel market expansion.

 

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Visualization System is estimated to be the Fastest-growing Segment

Based on product, colonoscopy devices are segmented into Visualization systems, Colonoscope and others. Visualization system is estimated to be the fastest-growing segment due to increasing preference for HD visualization systems. It is popular among medical professionals, as they help in the diagnosis & treatment of complex diseases such as Colorectal cancer, Lynch syndrome, Ulcerative colitis, and others. Moreover, colonoscope devices are utilized to identify lesions in the proximal aspect of colonic folds either by giving a retrograde view of the lumen or straightening the haustral folds during withdrawal.

 

Hospitals Emerged as the Largest End-User Segment

Besides, hospitals are the primary health system globally. The number of colorectal surgeries undertaken at hospitals is comparatively higher than the other health systems, such as clinics, ambulatory surgical centers (ASCs) or others. Therefore, the demand for colonoscopy devices in hospitals is comparatively higher than that in other end-use segments.

 

Global Colonoscopy Devices Market Size was US$ 1,271.95 Million in 2020

The United States has the most comprehensive market for colonoscopy devices in North America; the increase in treatment rates, rising healthcare expenditure, and well-established healthcare infrastructure fuel the demand for colonoscopy devices. In addition, high incidence of colorectal cancer is to be the leading cause of cancer deaths in the United States; as per the National Center for Health Statistics, in 2020, 147,950 individuals diagnosed with CRC and 53,200 has died from the disease, including 17,930 cases and 3,640 deaths in individuals aged younger than 50 years.

 

Impact of COVID-19 on Colonoscopy Devices Industry

COVID-19 pandemic had a direct impact on the colonoscopy healthcare market. Colonoscopy, the mainstay for the diagnosis & management of colorectal cancer, has come under pressure due to COVID-19 in the year 2020. All non-urgent procedures have been either rescheduled or replaced by alternative biomarkers. This was the main reason for the decline of the market for colonoscopy devices in the year 2020. But in 2021, the market has rebounded with double percentage growth.

 

Colonoscopy Devices Industry is likely to grow with a CAGR of 6.92% during 2020-2027

The colonoscopy devices industry is moderately competitive and consists of several global players such as Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya. Mergers & acquisitions, high investments in R&D, and new product developments or modifications are among the key strategies players adopt to gain a competitive edge.

 

Renub Research latest report “Colonoscopy Devices Market By Product (Visualization system, Colonoscope and Others), Application (Colorectal cancer, Lynch syndrome, Ulcerative colitis and other), End User (Hospitals, Clinic, Ambulatory surgery center and others), Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa), Company Analysis (Boston Scientific Corporation, Medtronic, Steris Plc, Olympus and Hoya)” provides comprehensive details about Colonoscopy Devices Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/colonoscopy-devices-market-p.php

 

Product – Market breakup from 3 viewpoints

1.    Visualization system

2.    Colonoscope

3.    Others

 

Application – Market breakup from 4 viewpoints

1.    Colorectal cancer

2.    Lynch syndrome

3.    Ulcerative colitis

4.    Other

 

End User - Market breakup from 4 viewpoints

1.    Hospitals

2.    Clinic

3.    Ambulatory surgery center

4.    Others

 

Region - Market breakup from 5 viewpoints

1.    North America

2.    Europe

3.    Asia Pacific

4.    Latin America

5.    Middle East & Africa

 

All companies have been covered into 3 viewpoints

• Overviews

• Recent Developments

• Revenues

 

Company Analysis

1.    Boston Scientific Corporation

2.    Medtronic

3.    Steris Plc

4.    Olympus

5.    Hoya

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Water Soluble Polymer Market Size, Impact of COVID-19, Company Analysis, Global Forecast 2021-2027

posted November 9, 2021   category » water soluble polymer market

Water-soluble polymers are materials that maintain the ability to be solvent in water. It substances that disperse, dissolve, or swell in water and, thus, modify the physical properties of aqueous methods in the form of thickening, gelation, or emulsification/stabilization. Water-soluble polymers cover many highly varied families of natural or synthetic origin products and have numerous uses. According to the Renub Research Global Water Soluble Polymer Market will be US$ 45.86 Billion by 2027.

The water-soluble polymers industry includes various types Polyacrylamide & Copolymers, Polyvinyl Alcohol, Guar Gum & Derivatives, Gelatin, Casein, Polyacrylic Acid and Others. The polyacrylamide & copolymers segment is growing consistently. The primary reasons for this growth are its characteristics like good thermal stability, non-toxic nature, high miscibility and good solubility. Besides, Guar gum, which is primarily used in paper pulp hydration with much potential, is expected to grow globally. It will significantly grow in developing economies due to its low price and easy availability.

Factors Driving Water Soluble Polymers Industry

In addition, an increase in demand for water-soluble polymers in water treatment plants across the globe majorly drives the water-soluble polymer market. Enhanced oil recovery of crude oil has gained massive adoption in the petroleum industry, increasing the demand for water-soluble polymers. Rising consumption owing to superior properties, including mild odour, quick-drying, inflammable, and eco-friendly, will propel industry growth.

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Global Water Soluble Polymer Industry will grow with a CAGR of 5.16% during (2020-2027)

Besides, natural or synthetic origin material has been widely used in many applications like detergents & households, water treatment, paper making, petroleum, and others. The water treatment industry is the primary user of water-soluble polymers due to vast potable water requirements worldwide. Natural polymeric flocculants have been used in water purification processes for many decades as coagulant aids or floc builders, after the addition of inorganic coagulants like alum, iron salts or lime. Further, the household & detergent products use water-soluble polymer as an anti-redeposition agent and consider these products' demand globally.

Global Water Soluble Polymer Market Size was US$ 32.25 Billion in 2020

Growing water and wastewater treatment, shale gas development in the North America region, expanded use of nutraceutical commodities in the United States on account of rising health awareness, and booming food & beverages sector in the various areas of the country are set to increase the demand for water-soluble polymers and their end-use products in the United States. Furthermore, Europe is likely to show substantial growth due to the rapid consumption of water-soluble polymers in personal care, detergents, and the oil & gas sector in the U.K., Germany, and Spain.

COVID-19 Impact on Water-Soluble Polymer Industry

The global impacts of the COVID-19s are already there, significantly affecting the Water Soluble Polymer market in the year 2020. This pandemic impacted the different end-user industries growth rate and supply chain, poignant government rules and regulations on polymer usage will prevent the growth of the water-soluble polymer market. However, future looks bright and we expect good growth in future.

Key Players Analysis

The global water-soluble polymer industry is fragmented in nature, with several players accounting for a less share in the market. Some of the market's main players studied include Arkema SA, Ashland Global Holdings, DuPont, LG Chem's, Basf Se, and Kuraray.

Renub Research latest report “Global Water Soluble Polymer Market By Type (Polyacrylamide & Copolymers, Polyvinyl Alcohol, Guar Gum & Derivatives, Gelatin, Casein, Polyacrylic Acid and Others), Application (Detergents & Households, Water Treatment, Paper Making, Petroleum, and Others), Material (Natural, Synthetic and Mixed), Region (North America, Europe, Asia- Pacific and Rest of World), Company Analysis (Arkema SA, Ashland Global Holdings, DuPont, LG Chem's, Basf Se, and Kuraray)” provides complete details on Global Water Soluble Polymer Industry.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/water-soluble-polymer-market-p.php

Type - Global Water Soluble Polymer Market has covered from 7 viewpoints:

1.    Polyacrylamide & Copolymers

2.    Polyvinyl Alcohol

3.    Guar Gum & Derivatives

4.    Gelatin

5.    Casein

6.    Polyacrylic Acid 

7.    Others

Application Channel - Global Water Soluble Polymer Market has covered from 5 viewpoints:

1.    Water Treatment

2.    Detergents & Households

3.    Paper Making

4.    Petroleum

5.    Others

Material - Global Water Soluble Polymer Market has covered from 3 viewpoints:

1.    Synthetic

2.    Natural

3.    Mixed

Region - Global Water Soluble Polymer Market has covered from 4 viewpoints:

1.    North America

2.    Europe

3.    Asia Pacific

4.    Rest of World

All key players have been covered from 3 viewpoints

• Overview

• Recent Developments

• Financial Insights

Company Analysis

1.    Arkema SA

2.    Ashland Global Holdings

3.    DuPont, LG Chem's

4.    Basf Se 

5.    Kuraray

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

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Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

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Europe Frozen Food Market Forecasted to be more than 124.1 Billion by 2027

posted November 8, 2021   category » europe frozen food market

Frozen foods are foods stored at low temperatures and used for an extended period. Although used as a preservation method for a long time in the colder regions, frozen foods became a staple diet. The popularity of frozen foods in Europe is also linked with the increasing popularity of refrigerators in the twentieth century. With the increasingly hectic lifestyle and growing need for convenient food, frozen food has witnessed a wide adoption through the twenty-first century. In particular, evolved urban and regional sectors have played an essential role in popularizing this trend. According to the latest report by Renub Research, Europe Frozen Food Market is expected to be an USD 124.1 Billion opportunity by 2027.

By Product Category, the European Frozen Food Market consists of Raw Materials, Half-Cooked and Ready-To-Eat. Ready-to-eat frozen foods include packaged bakeries, snacks, ready-to-eat foods, and desserts. People residing in Europe, away from home, are actively looking for a variety of frozen foods and ready-to-cook meal options. Commercial consumers such as caterers, restaurants, hotels, and fast-food chains are among the top users of frozen vegetables and frozen foods, including the objective of frozen foods to aid the cooking process and elongate the shelf life. It is considered an imperative component of the meals cooked and served by homes and restaurants. The overall distribution channel development is also available in European Frozen Food Market.

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Covid-19 has been a Significant Contributor to European Frozen Food Market

A series of trends have helped sustain the growth of the frozen category in the European market. Covid-19 has been a significant contributor to this growth as people gravitate towards foods with longer shelf lives. Indeed, the sudden outbreak of COVID-19 had increased the sales of frozen food products in 2020, which slightly slumped in the following year, i.e., 2021, but in the year beyond, the market, will keep flourishing.

In the coming years, post-pandemic, time outside of a career, commuting, socializing, and family is expected to be hard to come by. Hence, Europeans are constantly drifting towards ways to reduce meal preparation time without sacrificing the quality of the food. Consequently, consumers will be looking for ‘co-creation frozen offerings that remain convenient.

Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/europe-frozen-food-market-p.php

European Frozen Food Market Size was estimated at US$ 87.3 Billion in 2020

By Product type, there are diverse types of frozen foods available, and the quick transitions in consumer consumption practices will lead many consumers to adopt European Frozen Food. As per our analysis, the produce market consists of various food products such as frozen ready meals, frozen fish and seafood, frozen meat and poultry and frozen fruits and vegetables. In addition, increased consumer spending on cold-stored food is expected to expand the European Frozen Food market in the near future. Thereon, frozen fruits and vegetables are popular among European people owing to the increasing consumer choice towards frozen fruits and vegetables, which usually have more vitamins and minerals than fresh, because fresh produce succumbs vitamins and minerals over time while freezing preserves them. 

Germany, United Kingdom & Spain are driving the Frozen Food Industry of Europe

As per our analysis, we have covered markets of the U.K, Germany, France, Italy, and Spain by the country. In Europe, the German frozen food market is estimated to be a significant growth engine. The booming consumption of frozen meat and seafood is stimulating the growth of the German frozen food market. Furthermore, consumption of frozen food in the UK region has increased tremendously due to improved living standards. The transformation to a more comfortable lifestyle is majorly influencing the demand of the UK frozen food market. Similarly, in Spain, strict government regulations to maintain product quality and certifications/labels and make products more attractive strengthen the frozen food market growth.

Europe Frozen Food Industry will grow with a CAGR of 5.15% during 2020-2027

By Distribution Channel, the fast development of hypermarkets, supermarkets, convenience stores, discount, online channels and speciality stores, and the easy availability and improved quality of products are some of the significant drivers of the European Frozen Food Industry. Numerous manufacturers are adopting innovative strategies and technological shifts to reduce the loss of nutrients in frozen foods and reduce harmful plastic packaging to meet the growing demand of Europe for Frozen Food. Major Key Players in the European Frozen Food Market are General Mills, Kellogg’s Company, Unilever and Nestle. 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

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Millets Market Size, Share, Insight, Growth, Company Analysis, Global Forecast 2021-2027

posted October 30, 2021   category » global millets market

Worldwide, millets are a major source of human food, and their production has been steadily rising in the last decades to meet the dietary demands of the expanding world population. It is a cereal crop generally small-seeded and known for high nutritional value. Millets are an excellent source of essential nutrients like protein, carbohydrates, minerals, fat, bioactive compounds and vitamins. There are nearly 6,000 varieties of millet available all over the world with various colors such as pale white, yellow, grey and red.

 

Global Millets Market is projected to reach US$ 12.1 Billion by 2027

The growing inclination of the urban population towards healthy food coupled with the increasing unsustainable rice and wheat production will drive millets product demand during the forecast period. Opting towards keeping healthy meals to boost immunity, people shifted from having junk foods to eating notorious rich superfoods like millets and derivatives. The rise in consumers demands towards having millets as a healthy option is expected to rise during the forecast period.

 

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The transformation in the lifestyle of the consumers has made them more inclined towards healthy food, which is one of the leading causes for the demand for organic millet globally. Organic millets contain a high level of protein and minerals, which helps avoid diseases such as cardiovascular problems, diabetes, and obesity.

 

Global Millets Market Size was US$ 10.3 Billion in 2021

Millet industry is segmented into bakery products, infant food, breakfast food, Beverages, fodder, and others. Millets based infant meals such as porridge is excellent for infant trade growth and will aid in reducing the occurrence of malnutrition in babies and infants. Bakery goods, including packaged wafers, are gradually gaining importance because of their easy accessibility throughout traditional grocery stores, supermarkets and e-commerce sites worldwide.

 

Asia-Pacific is anticipated to retain its position of being the most Significant Region for Millets

Millets play an essential role in food security and the economy in Asia- Pacific. India has the highest millet production globally; India produces all varieties of millets products and processes forms, which are gaining attention from its urban population. Moreover, millets are gaining prominence in Europe and North America due to their breakfast use; it is attributed to the increasing demand for fibre-rich, gluten-free, and hypoglycemic food products among health-conscious consumers.

 

COVID-19 Impact on Worldwide Millet Market

The situation of COVID-19 impacted the millet market in negative ways. Counting the negative side, due to the pressure of repeated lockdowns, the business witnessed a disruption in the labor shortage, supply chain, shutting of small processing units, etc. Since India has the highest millet production globally, there was a severe lockdown in India in 2020. Due to this, millet exports from India suffered a bit for the year 2020. However, we believe the market has improved in 2021, and its forecast looks bright.

 

Key Market Players Continue Focusing on Empowering the Industry Positioning

Companies operating in the millets market such as Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestlé S.A., NH Foods Ltd are focusing on offering services that drive business growth and enhance customer experience. As per our Research findings, Global Millets Market will grow with a CAGR of 2.33% during 2021-2027.

 

Renub Research latest Report "Global Millets Market by Product Type (Organic and Regular), Application (bakery products, infant food, breakfast food, Beverages, fodder, and others), Distribution Channels (Trade Associations & organizations, Traditional grocery stores, supermarkets, Online Stores and Others), Region (North America, Europe, Asia – Pacific, Middle East & Africa and South Africa), Company (Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestlé S.A., NH Foods Ltd)" provides complete details on provides complete details on Global Millets Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/millets-market-p.php

 

Product Type – Global Millets Market breakup from 2 viewpoints

1.    Organic

2.    Regular

 

Application – Global Millets Market breakup from 6 viewpoints

1.    Infant Food

2.    Bakery Product

3.    Breakfasts

4.    Beverages

5.    Fodder

6.    Others

 

Distribution Channels - Global Millets Market breakup from 5 viewpoints

1.    Trade Associations & organizations

2.    Supermarkets

3.    Traditional Grocery Stores

4.    Online Stores

5.    Others

 

Region - Global Millets Market breakup from 5 viewpoints

1.    North America

2.    Europe

3.    Asia-Pacific

4.    Middle East & Africa

5.    South Africa

 

All key players have been covered from 3 viewpoints

    Overview

    Recent Developments

    Financial Insights

 

Company Analysis

1.    Archer Daniels Midland Company

2.    Cargill

3.    Bayer Crop Science AG

4.    Nestlé S.A.

5.    NH Foods Ltd

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Organic Food and Beverage Market Size, Share,Growth, Insight, Companies, Global Forecast 2021-2027

posted October 28, 2021   category » organic food and beverage market

Globally, the word 'organic' has hit the bell in numerous conversations revolving around food. Organic farming facilitates the production of high-quality, certified, controlled, and safe food. Consequently, providing high economic and environmental benefits and preserves a healthy ecosystem. Hence, 'Organic Food & Beverages' consists of natural, healthy, and free of chemical fertilizers and pesticides. According to the Renub Research analysis, Global Organic Food & Beverage Market is expected to reach US$ 519 Billion by 2027.

 

In addition, the interest of consumers in organic agricultural production has been growing at an unprecedented rate over the last few years. Rising awakening consciousness amongst people regarding the side effects of artificial compounds in food production has promoted the growth of organic food in recent years. Millennials are the fastest-expanding demographic of consumers who desire the best food for themselves and their families. So, when it comes to nutrition and beverages, organics are on the top of their grocery lists globally.

 

Global Organic Food & Beverage Industry is expected to grow with a CAGR of 14.36% from 2020 to 2027

By Organic Food, global Organic Food and Beverages Market are segmented into Fruits & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & processed Food and Others. Organic fruits & vegetables are most famous among consumers. As per our analysis, the demand for organic fruit and vegetables is likely to continue right till the forecast year 2027. The rich nutrition value in organic fruit and vegetables is the main reason for boosting demand in the domestic and global market. Also, studies by FSSAI had shown that when testing was carried out, then organically grown fruit and vegetables proved to taste better.

 

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Further, by organic beverages Market is segregated into non – dairy, coffee & tea, beer & wine, and others based on organic beverages. Non- dairy has seen the fastest growth among all, and its market will also increase in the forecast year. The shift of consumers toward the vegan culture and the presence of low-fat content in non-dairy products are factors for the growth of this market. And due to the improvement in economic conditions in emerging economies, there is growth in the consumption of organic tea and coffee worldwide.

 

Organic Food's Coronavirus Boost:

COVID-19 has transformed every aspect of our lifestyle. Recently, the pandemic has created challenges, restructured social perspectives, and updated definitions of common concepts and maxims. For instance, the words' clean' and 'organic' have a new pertinence with people in a post-COVID-19 situation. The latest measures include encouraging immune systems and equipping bodies for any potential contact with the coronavirus. This has drastically reshaped the core of the food and beverages industries, individually healthy and organic food. Remarkably, the consumption of organic food products rose during March, April, and May of 2020, as consumers adopted an in-depth understanding that organic foods offer substantial health benefits.

 

Online Channel has acted as a catalyst for Organic Food & Beverage Industry

By Distribution Channel Market, the market revolves around food and services, Special store, Online, Others. There is a rise in retail stores such as supermarkets/hypermarkets, which showcase a wide range of organic items of different segments for consumers. Contrarily, the online growth channel has acted as a catalyst for the industry to reach out to consumers. The aggregates are only showing an upward trend since 2016. Added with this, online sales channel platforms acted like facilitators reaching out to potential customers across the globe.

 

Global Organic Food & Beverage Market Size was US$ 232 Billion in 2021

Organic is the fastest-growing sector of the European food industry. Organic food sales are increasing rapidly, far outstripping the growth rate for the overall food market in the region. Further, as per our analysis, the North American region market is predicted to have an increasing demand for organic food among the population. The presence of many retail shops such as Walmart, Costco and many others is beholding to create more growth opportunities for the investors in the regional market in the estimated timeframe. The Asia-Pacific region market occupied with several organic food manufacturers is predicted to create more growth opportunities for investors in the estimated time frame.

 

Moreover, authorities such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) regulate the organic food market to maintain a high-quality food product. For instance, EFSA oversees whether labelling is used to mislead consumers on the nutritive proportions in the EU. EFSA performs occasional checks on the nutritional value to check whether correct labelling has been used or not. Further, regulatory authorities have developed strict food labelling regulations to maintain transparency and effectiveness for the organic food industry.

 

The key market players studied in the report are General Mills, ConAgra Brand, Hain Celestial Group, Cargill Inc. Moreover, Private-label organic drink brands have also gained prominence globally. For instance, Kroger's Simple Truth, Supervalu's Wild Harvest, and Aldi's Simply Nature are the few successful renowned brands that grocers have introduced on their own.

 

Renub Research latest report “Global Organic Food & Beverages Market by Organic Food (Fruits & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & processed Food, Others) Organic Beverages (Non-dairy, Coffee & Tea, Beer& wine, Others) Distribution Channel (Food and services, Special store, Online, Others) Region (North America, Europe, Asia-Pacific’s, Middle East & Africa, South America) Company (General Mills, Congra Brand, Hain Celestial Group, Cargill Inc)” provides comprehensive details about Organic Food & Beverages globally.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/organic-food-and-beverage-market-p.php

 

Organic Food – Market breakup from 5 viewpoints

1.    Fruits & Vegetables

2.    Meat, Fish & Poultry

3.    Dairy Products

4.    Frozen & processed Food

5.    Others

 

Organic Beverages -Market breakup from 4 viewpoints

1.    Non-dairy

2.    Coffee & Tea

3.    Beer& wine

4.    Others

 

Distribution Channel-Market breakup from 4 viewpoints Retail

1.    Food and services

2.    Special store

3.    Online

4.    Others

 

Region -Market breakup from 5 viewpoints

1.    North America

2.    Europe

3.    Asia-Pacific

4.    Middle East Africa

5.    South America

 

All companies has been covered into 3 viewpoints

    Overviews

    Recent Developments

    Revenues

 

Company Analysis

1.    General Mills

2.    ConAgra Brand

3.    Hain Celestial Group, Inc.

4.    Cargill, Inc.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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India Cold Chain Market Size, Share, Growth, Company Analysis, Forecast 2021-2027

posted October 28, 2021   category » india cold chain market

A cold chain indicates the transportation and warehousing of temperature-sensitive products from the point of origin to the end of consumption, which increases shelf life and prevents spoilage. Today, the cold chain industry in India is rising from a nascent scaffold, making it one of the encouraging fields in the warehousing and logistics industry. Moreover, thus far, cold storage facilities in India had only been limited mainly to storing perishable horticulture produce such as fruits and vegetables but now have expanded to numerous other products as well. According to Renub Research new report, India Cold Chain Market is expected to reach US$ 53.07 Billion by 2027.

 

The Realms of Indian Cold Chain Industry

The Indian Cold Chain Market revolves around the realms of Organized and Unorganized sectors. More recently, the organized industry's growth involves the application of cold chains across third-party logistics (3PLs), Quick service restaurants (QSR), retail, e-commerce. Recently, foodservice industries supported by changing consumption patterns have also brought the cold chain segments into focus. Thus, with the growth in organized food delivery, e-commerce remains a crucial driver for the cold chain sector in India.

 

Indian Cold Chain Industry will grow with double CAGR of 13.66% from 2021 to 2027

Nowadays, consumers demand many biopharmaceutical products, fresh perishable food (fruits, vegetables, meat, seafood, dairy products), processed food, chemicals, flowers, & plants, which are temperature-sensitive commodities requiring a cold chain infrastructure. Therefore, setting up a robust cold chain infrastructure is a crucial step in efficiently controlling their supply chains. The trend is now changing towards setting multipurpose cold storage and catering end-to-end services across the value chain.

 

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Notwithstanding, pharmaceutical products are highly susceptible to temperature and time constraints, making cold chains essential for cold chain application. In the present situation where safe delivery of vaccines for mass immunization against COVID-19 is an absolute priority, the cold chain is in huge demand across a country-wide footprint. The development is primarily driven by apprehending increased market by organized cold chain operators, changing consumer behaviour for quality products, and securing supply reliability in a pandemic like situation.

 

In addition, traditional dairy products such as ghee (clarified butter), curd (yoghurt) and paneer (cottage cheese) are primarily catered to by the unorganized sector. However, with the increasing quality consciousness of consumers, organized sector play is expected to grow in these products in the years to come. Apart from this, the factors acting as catalysts for the cold chain industry includes rising emphasis on reducing food wastage and government initiatives like FDI relaxation.

 

COVID-19 Impact on Indian Cold Chain Industry

The pandemic has positively impacted the cold chain industry, fuelling the market for cold chain market. The widening adoption rate of packaged food & beverage products is an encouraging take for the growth of the cold chain in India. The COVID-19 impacted every industry's supply chain due to restricted trade during the pandemic, resulting in food manufacturers emphasizing food products and their storage to increase their shelf-life, which propelled the market for the cold chain.

 

Further, the explosion of COVID-19 also has created a shift toward an organized retail market to prevent further virus outbreaks. Consumers have stockpiled processed food stocks with a long shelf life to perishable foods, and limited trade movements between states have surpassed cold chain storage capacities in certain conditions. Hence, the Indian infrastructure underscores the need for the food value chain to move from open-air markets to a cold-chain model to preserve perishable items for a longer duration massively.

 

Cold Chain Industry is expanding at a faster pace in Tier I and Tier II cities of India:

The cold chain industrial clusters are concentrated in major metro cities. Cold Chain Industry has massive potential in Tier I (Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad and Pune) and Tier-II cities (Gurgaon, Noida, Vellore, Coimbatore, Kochi, Thiruvananthapuram, Patna, Rajkot, Goa, Lucknow and Jaipur). Also, an uptick in investment activity amongst the cities is seen. Thus the industry is more likely to attract significant capital inflow and new capacity creation in the forthcoming years. Our research findings show that India Cold Chain Market Size was US$ 24.62 Billion in 2021.

 

Critical Companies Performance in India:

The Indian Cold Chain Industry is a fragmented market, consisting of many local players to cater to the growing expectations and demand. Remarkable of the major players in the market include Snowman Logistics Pvt Ltd, GatiKausar India Pvt Ltd (Gati Ltd), Container Corporation of India Limited, Mahindra Logistics Limited and Future Supply Chain Solutions Ltd.

 

Renub Research latest report “India Cold Chain Market, Global Forecast By Type (Organized and Unorganized), Products (Biopharmaceutical Products, Perishable Food (Fruits, Vegetables, Meat, Seafood, Dairy Products), Processed Food, Chemicals, Flowers & Plants and Others), Companies (Snowman Logistics Pvt Ltd, GatiKausar India Pvt Ltd (Gati Ltd), Container Corporation of India Limited, Mahindra Logistics Limited and Future Supply Chain Solutions Ltd)” provides a detailed analysis of India Cold Chain Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/india-cold-chain-market-p.php

 

Type – India Cold Chain Market has been covered from 2 viewpoints:

1.    Organized

2.    Unorganized

 

Products – India Cold Chain Market has been covered from 6 viewpoints:

1.    Biopharmaceutical Products

2.    Perishable Food (Fruits, Vegetables, Meat, Seafood, Dairy Products)

3.    Processed Food

4.    Chemicals

5.    Flowers & Plants

6.    Others

 

Company Insights:

    Overview

    Recent Development & Strategies

    Financial Insights

 

Companies Covered:

1.    Snowman Logistics Pvt Ltd

2.    GatiKausar India Pvt Ltd (Gati Ltd)

3.    Container Corporation of India Limited

4.    Mahindra Logistics Limited

5.    Future Supply Chain Solutions Ltd

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Precision Irrigation Market Size, Share, Growth, Companies, Global Forecast 2021-2027

posted October 28, 2021   category » precision irrigation market

Precision Irrigation is gaining tremendous popularity among farmers due to the increasing need for optimum crop production with limited available resources. Precision Irrigation is one of the innovative techniques that uses water wisely and helps farmers achieve higher crop yield levels in a minimal amount of water. Precision farming can transform the agricultural sector, making the traditional farming activity more efficient and predictable.

 

Further, extended profitability and crop yield, increasing global food demand, and crop health monitoring for higher yield production are the significant factors fueling the growth of the precision Irrigation market. Also, government ambitions in many countries are helping farmers to use optimized agricultural and technological tools to improve their production levels. According to Renub Research Report, Precision Irrigation Market will grow with a CAGR of 8.51% during 2020-2027.

 

Precision Irrigation Market will grow to US$ 16.38 Billion by 2027

Based on application, the Precision Irrigation market includes Agricultural Fields, Landscape & Turf Irrigation, Greenhouse, Residential and others. Precision irrigation is defined as applying a specific amount of water at the right time and in appropriate agricultural fields. It is a section of precision agriculture that further includes seeding, variable-rate nutrients and pesticide application.

 

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Moreover, drip irrigation is essential for controlling soil moisture, especially in the case of specialized greenhouse vegetables. Total automation of drip irrigation systems provides a simple, meticulous method for maintaining soil moisture and applying water. Effective time management, elimination of human errors, estimation, and adjusting available soil moisture levels are factors growing the demand for automatic drip irrigation systems.

 

Precision Irrigation Market Size was US$ 9.25 Billion in 2020

Precision Irrigation manages temporal and spatial variability of crops like Field Crops, Vegetable corps, Orchard Crops, Vineyards and Other Crops. Precision agriculture was used in handpicked fruit orchards crops includes citrus, almonds, avocados, vineyards, apples, peaches, etc. Besides, the demand for vegetable crops is continuously increasing. Precision irrigation is among the most modern technologies for sustainable vegetable crops; as vegetable crops require ample amounts of water, farmers switch to sprinkler and drip irrigation systems to achieve higher crop productivity. Thus, increasing production of vegetable crops is demanded Precision irrigation.

 

Regional Insights: Precision is getting popular in Europe & Gulf Economic Council (GCC) Countries

Precision sprinkling systems are gaining immense popularity in Europe, particularly in countries, like the United Kingdom and Germany. The U.K. was the first to appropriate precision irrigation, with France and Germany also rapidly adopting this technology. There is a vast potential for precision irrigation in the GCC, which invests heavily in innovative solutions to boost crop production by overcoming water scarcity.

 

Aside from Europe and Asia-Pacific, North America is the key region for precision irrigation systems. Countries such as U.S. and Canada, the Americas are the early adopters of precision farming technologies, which is the main reason for the high share of this region in the precision farming market.

 

Impact of COVID-19 on Precision Irrigation System

The Precision Irrigation market is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic. The movement restriction and lockdowns have resulted in disruptions in the supply chain and led to a shortage of equipment. However, remote sensing and farm management software tools could lead to higher adoption during the post-COVID-19 period.

 

Renub Research latest Report "Precision Irrigation Market, Global Forecast, By Type (Drip Irrigation, Sprinkler Irrigation and Others), Application (Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential and others), Crop (Field Crops, Vegetable corps, Orchard Crops, Vineyards and Other Crops), Region (North America, Europe, Asia- Pacific, South America, Rest of World), Company Analysis (Jain Irrigation Systems Ltd, Lindsay Corporation, The Toro Company and Valmont) )" studies the Precision Irrigation Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/precision-irrigation-market-p.php

 

Type – Precision Irrigation Market breakup from 3 viewpoints

1.    Drip Irrigation

2.    Sprinkler Irrigation

3.    Others

 

Application – Precision Irrigation Market breakup from 5 viewpoints

1.    Agricultural Fields

2.    Landscape and Turf Irrigation

3.    Greenhouse

4.    Residential

5.    Others

 

Crop – Precision Irrigation Market breakup from 5 viewpoints

1.    Field Crops

2.    Vegetable corps

3.    Orchard Crops

4.    Vineyards

5.    Other Crops

 

Region – Precision Irrigation Market breakup from 5 viewpoints

1.    North America

2.    Europe

3.    Asia Pacific

4.    South America

5.    Rest of World

 

All key players have been covered from 3 viewpoints

    Overviews

    Recent Developments

    Revenues

 

Company Analysis

1.    Jain Irrigation Systems Ltd

2.    Lindsay Corporation

3.    The Toro Company

4.    Valmont

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

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Asia-Pacific Condom Market Size, Impact of COVID-19, Key Players and Forecast 2021-2030

posted October 26, 2021   category » asia-pacific condom market

Condoms play a pivotal role in contraception and preventing sexually transmitted diseases for safer sex and family planning. Dating back years, condoms have a long history, even before latex was not produced. Condoms are preferred due to their affordable price, easy to carry and use, and high reliability. Furthermore, male and female condoms are the only devices to protect against unplanned pregnancy and the transmission of STIs, including HIV and many more diseases. In earlier years, Male condom has dominated the market and will lead the market over the forecast time frame, but female condom has also gained momentum with time. Here in this report, we have only covered Male condom users and its market in Asia-Pacific regions. According to Renub Research, Asia-Pacific Condom Market will grow with a CAGR of 3.36% from 2020 to 2030.

 

Asia-Pacific Condom Industry will be US$ 6.4 Billion by 2030

In the Asia-Pacific countries, most of the countries are not economically strong, and the efforts made by its government have been phenomenal in recent years. Countries like China, Japan and India are more developed among the rest of the Asia Pacific countries. Apart from that, awareness of contraception and prevention against HIV and condoms in these regions are strong. The numbers of condom pieces sold in these regions are exceptionally well and as our analysts suggest, it will surge over the period.

 

Request a Free Sample Copy of the Report:  https://www.renub.com/request-sample-page.php?gturl=asia-pacific-condom-market-p.php

 

Asia-Pacific Condom Market Size was valued US$ 4.6 Billion in the year 2020

By Region, in this report study, we have analyzed the countries and distinguished the Asia-Pacific condom market into Central Asia, Eastern Asia, Southern Asia, South-Eastern Asia and Western Asia. Among East Asian region like China and the Democratic People’s Republic of Korea market have shown pretty much impressive growth. Likewise, Southern Asian countries say India, Pakistan, Bangladesh, and the Afghanistan market for condom has shown growth inclination during the forecast period. The number of condom pieces sold in these regions has surged over time and will grow as per our analysts suggest.

 

Latex Material Condoms controls the Lion’s Market Share

Condoms made of latex material controls the lion’s market share in Asia Pacific region. Primary reason for this is latex material condoms are cheaper in price. But our analyst suggests that non-latex condoms will gain their market share in future. The factors driving the Asia- Pacific’s condom market are growing awareness about its benefits and its vast population base in the region. Apart from that sex education and protection against STDs, the introduction of innovative condom designs, coupled with innovative packaging style, promotional activities and increased marketing, are some of the other major factors boosting the market growth further.

 

COVID-19 Impact on Condom Industry of Asia Pacific

During the COVID-19 pandemic, many key players’ condom sales were down due to lockdowns and social distancing norms. As such as per the BBC news report, the sale of Reckitt saw a sharp drop for condoms as people not only in Asian Pacific regions but whole world had less sex. In India also the condom sales dipped due to increased inaccessibility during the three-month lockdown in 2020. However, once the lockdown was over and vaccination procedure has been implemented effectively worldwide, we have seen a surge in sales of condoms and sex related products.

 

Renub Research new report “Asia-Pacific’s Condom Market by Materials (Latex & Non- Latex), Distribution Channels (Drugs Stores, Mass Merchandisers, E-commerce & Others), Regions {(Central Asia- Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan), Region (Central Asia [Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan], Eastern Asia [China, Democratic People's Republic of Korea], Southern Asia [Afghanistan, Bangladesh, India, Nepal, Pakistan], South-Eastern Asia [Cambodia, Indonesia, Lao People's Democratic Republic, Myanmar, Philippines, Vietnam], Western Asia [Azerbaijan, Iraq, Yemen]), Key Players (Church & Dwight Co. Inc., Reckitt Benckiser Group PLC., Ansell Ltd, HLL Life care Ltd)" provides complete insight on Asia-Pacific Condom Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/asia-pacific-condom-market-p.php

 

Asia-Pacific Condom Analysis

1.    Market

2.    Users

 

Material Types - Market breakup from 2 viewpoints

1.    Latex

2.    Non-Latex

 

Distribution Channel - Market breakup from 4 viewpoints

1.    Drug Stores

2.    Mass Merchandisers

3.    E-Commerce

4.    Others

 

Region - Market & Volume breakup 5 Regions with 20 countries

1.    Central Asia

       a.    Kyrgyzstan

       b.    Tajikistan

       c.    Turkmenistan

       d.    Uzbekistan

2.    Eastern Asia

       a.    China

       b.    Democratic People's Republic of Korea

3.    Southern Asia

       a.    Afghanistan

       b.    Bangladesh

       c.    India

      d.    Nepal

      e.    Pakistan

4.    South-Eastern Asia

       a.    Cambodia

       b.    Indonesia

       c.    Lao People's Democratic Republic

       d.    Myanmar

       e.    Philippines

       f.    Vietnam

5.    Western Asia

       a.    Azerbaijan

       b.    Iraq

       c.    Yemen

 

All the Key players have been covered from 3 viewpoints

    Overviews

    Recent Developments

    Revenues

 

Key Players

1.    Church & Dwight Co. Inc.

2.    Reckitt Benckiser Group PLC.

3.    Ansell Ltd

4.    HLL Life care Ltd

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

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China Hotel Market Share, Company Analysis and Forecast 2021-2027

posted October 26, 2021   category » china hotel market

China was the first country hammered by the health crisis (COVID-19), so the China Hotel Industry was the first to see the outcome. With strict travel constraints in various parts of the Chinese mainland, the hotel business was severely staggered in the absence of inbound tourists in 2019. However, during the year 2020, China saw turbulence for China hotel industry from "the dark moment" to "the glowing moment". Though the current international epidemic situation is still severe, the country has entered a normalization stage of epidemic prevention. According to Renub Research new report, China Hotel Market is expected to reach USD 131.15 Billion by 2027.

 

Consumers Preferring Online Hotel Booking over Offline Medium

Notwithstanding, in China, By Ordering Platform the market constitutes Online Hotel Market and Offline Hotel Market. The online hotel market targets various consumer groups with different behaviour types with an offer that equates to their demands and budget level. With the progression in technology, the online hotel market is soaring at a fast pace. On the other hand, COVID-19 has accelerated the digitization of the travel agent model; creating more shop closures as in-store agencies switch operations online, creating the downfall of the country's offline hotel booking market.

 

As per this report, post-COVID-19 recovery, the China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027

By Hotel Type, the China Hotel Market revolves around High-End Hotel, Mid-Scale Hotel, Budget Hotel and Luxury Hotel. By reviewing the hotel industry dynamics amidst the pandemic, hotels in budget and mid-upper scales are more resilient to recovery. The budget hotels and mid-upper scales mainly provide local services were more prone to recovery than post-COVID policies, and people could not travel too far away from home. Therefore, the overall recovery effect is the best when combined with the rise of surrounding tours. However, Mid-Scale hotels benefit a considerable amount from the recovery of meeting, incentive, conference and exhibition (MICE) services in China because they offer affordable prices and quality services during the pandemic.

 

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-hotel-market-p.php

 

Although the pandemic has hit hard in the hospitality industry worldwide, but with the large-scale vaccination, China hotel industry is gradually recovering. The impact among cities was uneven. For instance, among the cities in China, in Beijing because of the pandemic, the number of international visitor arrivals plummeted in 2020. Consequently, in 2020, the average occupancy rate of five-star hotels in Beijing dropped significantly in 2019.

 

Similarly, in Shanghai, international visitor arrivals decreased sharply in 2019 compared to the figures of 2020. Business travellers gained up the lion's share of total visitor arrivals because of stringent entry quarantine restrictions. The average occupancy rate of five-star hotels in 2020 plunged to the lowest, especially in February and March. It was also the first time in the past four years that the ADR of five-star hotels dropped.

 

Road to Recovery: Second Half of 2020 China Hotel Market

However, things started to change in the second half of 2020, compared to the rest of the world. The local tourism market steadily rebounded in the second half of 2020, boosting the recovery of the hotel sector. Even though the pandemic affects globally, luxury hotels were opened in Shanghai in 2020. Also, new luxury hotels were opened in Beijing in the second half of 2020. The US-based Hilton Hotels recommenced its quick expansion in China even during the pandemic. Moreover, the group opened two upscale hotels in Beijing in 2020: The Hilton Beijing Daxing and the Hilton Beijing TongzhouBeitou.

 

Hence, it can be concluded that although the COVID-19 pandemic has caused devastating disruption to the travel and hospitality industry across China, leading to unprecedented economic and social consequences. Since the second half of 2020, the hotel market in China has shown signs of recovery gradually. As per our analysis, the hotel industry has been observed on a growth track during the study period. Home-grown hotel companies primarily dominate the hotel industry in China. Domestic brands and their chains cover the total market in the country. Our research findings show that China Hotel Market Size was USD 57.62 Billion in 2020.

 

Key Hotels Performance in China

The key players in China Hotel Market studied in the report are Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip. The industry is expected to expand with several new openings, mergers and acquisitions, which will enhance the market value and result in more revenue generation.

 

Renub Research report titled “China Hotel Market & Forecast by Type (High End Hotel, Mid-Scale Hotel and Budget Hotel), Platform (Online and Offline), City (Beijing, Shanghai, Guangzhou, Shenzhen, HongKong, Macau,), Companies (Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip)” provides a complete analysis of Chinese Hotel Industry.

 

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/china-hotel-market-p.php

 

Hotel Type – China Hotel Market has been covered from 3 viewpoints:

1.    High End Hotel

2.    Mid-Scale Hotel

3.    Budget Hotel

 

Ordering Platform – China Hotel Market has been covered from 2 viewpoints:

1.    Online Hotel Market

2.    Offline Hotel Market

 

Beijing - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

 

Shanghai - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

 

Guangzhou - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

 

Shenzhen - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

 

Hong kong - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City 

 

Macau - Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City 

 

All companies have been covered from 3 viewpoints:

1.    Overviews

2.    Recent Initiatives

3.    Hotel Revenue

 

Company Analysis:

1.    Huazhu Hotels Group Ltd

2.    Zhejiang New Century Hotel Management Co. Limited

3.    Shanghai Jin Jiang International Hotels (Group) Company Limited

4.    Jinmao Hotel

5.    Ctrip

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

 

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

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