Sunday, 29 April 2018

Pectin Market By End-User Segments Forecasted Till 2025

Pectin Market Outlook –
Europe is the largest market in the world for pectin, due to its high availability of consumers.
Asia Pacific is the second largest market of pectin in the world, owing to the increasing population and increasing incidence of diseases amongst the population in this region.
North America is the major importer of pectin, whereas Mexico is the largest exporter of pectin. The trade agreement NAFTA makes the U.S. an attractive market for Mexican manufactured pectin.
Latin America and the Middle East, have low consumption of pectin due to the lack of knowledge among people in these regions.
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The demand for pectins in convenience foods, is increasing day by day due to its beneficial properties. Also, the increasing growth of pectins in dietary foods is expected to increase in demand, during forecast period. Nowadays, pectins are majorly being used in treatments of diseases like diabetes, cancer, diarrhea, etc. For this reason pectins are in focus on expanding production. Also, rising demand for medical and cosmetic products, is expected to cause an increasing demand for pectin in the forecast period.
Pectin Market Challenges
Harmful chemicals are used in the preparation of pectin and the government has imposed regulations against its use. The availability of raw materials and many complexities while preparation, are the major challenges experienced by the pectin market.
Some of the key companies dominating the market are CP Kelco, Cargill Inc., Devson Impex Pvt. Ltd., Nestlé S.A., Danone S.A., Unilever, Kellogg NA Co., Yantai Andre Pectin Co. Ltd., Danisco A/S, and B&V srl.
High-methoxyl pectin is used for canning applications. It requires high amounts of sugar to gel and is sensitive to acidity. Low methoxyl pectins have contradicting properties to high methoxyl pectins. Low methoxyl pectins have low sensitivity to acidity and require low amounts of sugar to gel, thus used in low sugar jams.
The pectins are also used in the medical industry, due to its properties of thickening and stabilizing, absorbing moisture, increasing volume, thus being able to increase  the shelf-life of products. Owing to its properties, pectins are added to medicines, baked goods, and dairy product.
Pectin Market Taxonomy
On the basis of product, the pectin market is classified into:High methoxyl pectin, Low methoxyl pectin
On the basis of application, the pectin market is classified into:Food and Beverages, Bakery filling and topping, Confectionary, Dairy Product and Frozen Desserts, Dietary Supplements, Functional Food, Jams and Jellies, Meat and Poultry Products, Healthcare, Cosmetics, Personal care, Pharmaceutical, Weight Management, Other
On the basis of function, the pectin market is classified into:Thickener, Gelling Agents, Fat Replacer, Stabilizer, Texturants Coating, Other Functions
On the basis of sources, the pectin market is classified into:Animals, Chemical manufacturing and processing, Marine, Micro organisms, Plants
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Wednesday, 25 April 2018

Online Clothing Rental Market Upcoming Trends, Demand and Analysis Till 2025

North America dominated the online clothing rental market in 2017, followed by Europe and both are expected to retain market dominance over the forecast period. The U.S, Canada, Germany, France, and Italy are the major economies contributing to the growth of online clothing rental market. Traditions such as celebration of Halloween and parties, and events that require a specific outfit for one time usage are some of the key factors driving the demand for online clothing rental in these economies. Companies operating in this industry are engaged in extensive marketing and promotional activities to attain an edge over its competitors. For instance, in October 2017, Rent the Runway announced a low price membership called RTR Update, where the buyers get to rent four pieces of clothing from the company for a month. At the end of every month, subscribers can select four new items after returning their older clothes. The subscription costs around US$ 89 for a month and includes services such as shipping, dry cleaning, and insurance.
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Asia Pacific is the fastest growing market region for online clothing rental and is expected to exhibit the same trend during the forecast period. India, China, and Japan are the major economies of this region fueling growth of the online clothing rental market. The online clothing rental market in these economies is majorly driven by the influence of the western culture, the concept of renting clothes for a single occasion at a nominal price, rather than buying the same at a high price. Furthermore, rising purchasing power of the consumers residing in these economies is another key factor that is luring several start-up companies to establish a presence in these economies. A number of startups are offering online clothing rental services in Asia Pacific with added benefits in order to enhance customer experience. For instance, Stage3, a startup found in 2016 and based in India, operates on a rental model that offers designer clothes and accessories for men and women with added benefits such as free home trial service and personalized styling assistance in order to offer the best experience to their customers
Online clothing rental is a service by which someone can rent clothing for a specific period of time or buy a clothing. This service is mainly suitable for individuals who do not want to buy expensive clothing for a one-time event. Online clothing rental service proves to be a perfect solution for events such as theme parties, films, weddings, and photo shoots, where people prefer renting clothes rather than buying in order to avoid high costs of the required clothing.
Rising e-commerce platform due to the increasing demand for high speed internet services is one of the key factors fueling the growth of global online clothing rental market. India alone witnessed over 500 million internet users in the last quarter of 2015. According to India Brand Equity Foundation (IBEF), the market for e-commerce in India was estimated at US$ 13 billion in 2015 and the same is set to increase to US$ 188 billion by the end of 2025, projecting a growth of around 30% during the forecast period. Apparels were ranked second in terms of market share in the e-commerce industry.
Furthermore, increasing growth of e-commerce industry and the rapid penetration of smartphone industry in India are major factors driving growth of the global online clothing rental market. Several players operating in this industry, especially in the apparel segment have launched their own apps to provide consumers with convenient shopping. Online clothing rental companies provide lucrative services such as recommendation of services with respect to choosing the required outfit and availability of the required size along with free delivery, which are gaining increased attraction of the consumers.
However, low penetration of such companies in the emerging economies and low societal acceptance of the idea of renting clothes among the consumers in the emerging economies is highly restraining the growth of the market.
Western wear clothing style segment accounted for the major market share in the online clothing rental market in 2016 and is expected to retain market dominance over the forecast period. Popularity of western wear apparels is observed to be high among the consumers. Furthermore, consumer acceptance of online clothing rental services is higher in the Western economies, which is another key factor increasing the demand for western wear clothing.
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Key players in the Online Clothing Rental Market:
Some of the major players in the online clothing rental market include Lending Luxury, Rent the Runway Le Tote, Flyrobe, Bag Borrow Steal, Glam Corner Pty Ltd., Secoo Holdings Limited, Rent the Runway, Dress & Go, and Gwynnie Bee among others.
Online Clothing Rental Market Taxonomy:
On the basis of clothing style, the online clothing rental market is segmented into:
    • Ethnic Wear
    • Western Wear
    • Others
On the basis of end user, the online clothing rental market is segmented into:
    • Men
    • Women
    • Kids
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Tuesday, 24 April 2018

Industry Insights of Caps and Closures Market Trends & Forecast 2025

Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps and closures are of different types such as screw top, crown cap, snap on, friction fit, tamper evident, and dispersing. Caps and closures find a broad range of application in numerous industries such as beverages, cosmetics, chemicals, and pharmaceuticals. The material used to manufacture caps and closures must possess excellent balance of stiffness and toughness along with good chemical resistance. Generally, caps and closures of lightweight and high toughness are preferred in the market.
Significant demand for product safety, rising demand from end-use industries, product differentiation, and a large product scope are the major drivers for caps and closures market. Rising implementation of stringent environmental regulations and availability of substitutes in the market are projected to be the factors hindering market growth.
Caps and Closures Market Outlook
Asia Pacific is the largest and estimated to be the fastest growing market due to increasing demand in end-use industries such as alcoholic beverages, beer, food & soft beverages, and pharmaceuticals due to their low production cost and ability to keep the beverages safe
North America and Europe are also expected to grow due to increasing rate of beer consumption in the region, during the forecast period. Also, it is expected that the consumption of liquor will increase in forecast period. Pharmaceutical industry in these regions drives the demand for highly chemical resistance caps and closures for various uses within the industry
High disposable incomes of the Middle East population drives consumerism. The consumption of electronics and consumer goods are increasing rapidly, driving the market growth of caps and closures. Decline in markets of Syria and Iran have been compensated by high growth rate in the GCC countries
The Latin America market is witnessing robust growth in the caps and closures market, which is mainly driven by the increase in per capita income of middle class population. Significant reduction in cost, excellent performance, lightweight, and low operational costs are some of the benefits offered by caps and closures, which fuel the market demand
Some of the major players in the caps and closures market are Guala Closures Group (Italy), Amcor Limited Plc (Australia), RPC Group PLC (U.K.), Crown Holdings Incorporation (U.S.), Rexam PLC (U.K.), Silgan Holdings Inc. (U.S.), AptarGroup Incorporated (U.S.), and Berry Plastics Corporation (U.S.).
Metal as a raw material is mostly used in the pharmaceutical industry, for storage of liquor, and for certain high temperature applications. Plastics caps and closures are used in everyday items, such as food containers and cosmetics bottles, and for non-reacting chemicals storage.
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Caps and Closures Market Taxonomy
The global caps and closures market is segmented as follows:
On the basis of raw material;Plastic, Polypropylene, Polyethylene, PVC, Other Plastic Films, Full Card Blister, Metal, Others
On the basis of end-use industry;Food Beverage, Non-Alcoholic Beverages, Alcoholic Beverage, Healthcare, Cosmetic & Toiletries, Others End Uses
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Monday, 23 April 2018

Green Coatings Market Demands and Growth Prediction, Outlook 2018-2025

Green coatings are eco-friendly paint coating with low volatile organic compound (VOC) content. Emission of VOC releases toxics in the surrounding air causing health problems, such as dizziness, headache, kidney damage, and harms the ozone layer. Development of sustainable products has gained importance over the past few decades, due to which manufacturers are focused on introducing eco-friendly products to the market. Manufacturers are aiming to produce high-performance coatings that have zero or low VOC with good durability. Application of green coatings in end-use industries and rising awareness regarding VOC emissions have contributed to the growth of the green coatings market globally.
Stringent government regulations have immensely driven the green coatings market globally. The first restriction on the emission of VOC was set up for Europe in 2003, which was termed as Restriction of Hazardous Substances Directive (RoHS), which was put forward by Leadership in Energy and Environmental Design (LEED). Since then manufactures are working to produce green coatings, in turn fueling the growth of the green coatings market. Increasing cost of raw materials further increases the cost of green coatings, which is the restraint for the growth of global green coatings market. High investment cost further hinders the growth of green coatings market globally.
Green Coatings Market Outlook
Asia Pacific is the fastest growing region in the green coatings market and is anticipated to have the highest CAGR over the forecast period, owing to the presence of major markets in the economies such as India, China, Japan, Thailand, Malaysia, Vietnam, and Indonesia. The growth of green coatings market in this region is attributed to the growth of end-use industries namely architectural and automotive coatings in this region. The ‘Make in India’ approach taken by the Government of India is expected to propel the growth of manufacturing sector, which is anticipated to drive the green coatings market over the forecast period.
Europe holds the dominant position in green coating market, owing to the economic development and growing population in the economies such as Spain, Italy, and the UK. The UK National Infrastructure Delivery have planned infrastructure projects that include airports and seaports, which in turn is anticipated to fuel the green coatings market over the forecast period.
North America is anticipated to witness a burgeoning growth in the green coatings market, owing to the presence of a large number of manufactures in this region. This is backed by the rising government regulations in this region. The Middle East and Africa are expected to have a significant growth in the green coatings market, owing to the rise in infrastructure industry in these regions.
Various strategies are being put forward by coatings manufacturers, for instance, manufactures of paint are striving to enhance energy system by minimizing consumption of fuel and minimize waste. This is done with the use of renewable raw materials and product packaging improvement with materials that are recyclable and use of biofuel fuel in delivery trucks.
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Soy Bean Oil, Vegetable Oil, Castor Oil, and Milk Paint are some of the eco-friendly components, which are being introduced in the coating materials.
The key companies operating in the global green coatings market include The Sherwin Williams Company, PPG industries, Akzonobel N.V., Axalta Coating System, BASF, Valspar Coporation, Kansai Paint Company Limited, Tikkurila OYJ, and Masco Corporation among others.
Water-borne coatings segment has proven to be the prominent segment of green coatings market, owing to its tremendous use in architectural and constructional activities. High solids coating segment is witnessed to gain traction, due to its increasing application in aerospace.
Architectural coating segment has projected to have a significant growth rate in the global green coatings market, owing to increase in infrastructure spending in commercial and residential sectors.
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Sunday, 22 April 2018

Food Stabilizer Market - Insights, Opportunity Analysis, and Industry Forecast till 2025

Food stabilizers are additive materials that are applied or sprayed to preserve the texture and quality of the food. Gelatin, gaur gum, starch, cellulose and carrageen are commonly used as food stabilizers. Growing urbanization, changing lifestyle, increasing disposable income and rapid adoption of convenience food are major factor augmenting demand for food stabilizers.
Increasing prevalence of foodborne diseases and rising awareness about the various advantages of food stabilizers against bacteria creates a highly favorable environment for growth of the food stabilizers market, especially in Europe and North America. Moreover, increasing working population in urban areas and growing demand for processed and ready to eat food in emerging economies of India and China is expected to drive market growth.
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Growing demand for processed, frozen food, bakery, and confectionery product is expected to drive the global food stabilizers market. Increasing diabetes patient and growing health awareness are adding up to rising demand for low fat food products.
Overdose of food stabilizers or above recommended use of these products can pose a serious threat. For instance, overdose of ‘alginate’ as a food viscosifier may have negative impact on pregnant women, which is expected to be one of the key challenge for food stabilizers industry. The stringent government regulations imposed by Food and Drug Administration of U.S. on April 01, 2016, has directed gaur gum as a natural substance which is obtained from maceration of the seed of the gaur plant are safe and can be used in specified limit, which in turn is propelling the growth of the food stabilizer market during 2017-2025.
The global food stabilizers market size is estimated at US$ 7.95 billion and is expected to expand at a CAGR of 6.59% in terms of revenue during 2017 – 2025.
Wide Application of Food Stabilizers in Dairy Products
Dairy is a highly lucrative industry, due to myriad product variations which includes milk, cream, cheese, butter, yoghurt, ice cream, among others. High amount of nutrients and proteins which act as supplementary food to a regular diet, is expected to fuel the demand for food stabilizers market. Asia Pacific is dominating the global dairy market in terms of revenue, due to growing demand for cheese, yoghurt and functional dairy products. Moreover, Gujarat Cooperative Milk Marketing Federation (GCMMF), known as ‘Amul’ plans to invest US$ 733.6 million in India, to establish ten new processing plants by 2020, with a capacity of 32 million liters per day. Furthermore, various food stabilizer are used in dairy products to improve shelf life, mouth feel, water retention, texture and protein stability, includes potassium alginate, ammonium alginate, sodium alginate, hydroxypropyl cellulose and hydroxyl propyl methyl cellulose among others and is expected to boost the global food stabilizers market during 2017-2025.
Regional Insights
Asia Pacific, followed by Europe and North America accounts for major share in global food stabilizers market both in terms of value and volume in 2016. In 2016, Asia Pacific accounted for a market share of 29.68% in terms of value, followed by Europe 24.55% in terms of revenue. Ready to eat segment in Asia Pacific is dominating the market, due to rapid increase in disposable income of Asia Pacific and adoption of convenience food. Moreover, growing urbanization and increasing working population is propelling the growth of food stabilizers market. According to a stats provided by Coherent Market Insights, the global confectionary food market in Latin America is expected to be the fastest growing at a CAGR of 6.75% during 2017-2025 according to Coherent Market Insights analysis.
Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Major players in the global food stabilizers market include BASF SE, Cargill Inc., Celanese Corporation, Chr. Hansen A/S, DuPont, JEY'S F.I. INC, Kerry Group, Koninklijke DSM N.V., and The Archer Daniels Midland Company, among others.
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Thursday, 19 April 2018

Thermal Barrier Coatings Market: Segmentation Application, Technology & Market Analysis Report

Thermal barrier coatings (TBCs) are advanced materials, which aid in insulating components, operating at relatively high temperatures such as in gas turbines, ducting and nozzle guide vanes, aerospace parts, and other metallic surfaces. TBCs enable gas turbines to operate at high temperature. Low thermal conductivity, low thermal shock, and high thermal expansion coefficient are some of the characteristics of TBCs, which are expected to be factors leading to increasing demand for TBCs for higher engine operation. Growing demand for gas turbine application due to growing aerospace industry. In 2016, Boeing and Airbus, manufactured a combined 1,436 jets. Also, massive orders from Indian companies such as SpiceJet, Indigo and Jet Airways is expected to boost the market. Furthermore, increasing demand for TBCs for automotive application such as coatings for internal combustion engines and gas turbines has positively affected growth of the market.
Thermal barrier coatings market is classified on the basis of product type such as metal, ceramics, intermetallic, and others. Ceramic segment accounts for the largest revenue share in thermal barrier coatings market owing to high thermal resistance and high temperature applications of ceramic TBCs in aerospace and automotive industries. Thermal barrier coating market is also classified on the basis of coating materials such as Al2O3, ceramic YSZ (yttria-stabilized zirconia), MCrAlY, and others. Al2O3 segment is expected to account for the largest market share, over the forecast period, as compared to other materials in global thermal barrier coatings market. This is attributed to low thermal conductivity and high thermal stability of Al2O3 coatings. In addition, alumina also provides chemical inertness and strong hardness which is essential in manufacturing components.
TBCs market is further segmented on the basis of technology as HVOF (high velocity oxy-fuel), vapor deposition, and air plasma technology. HVOF technology segment accounts for the highest revenue share as the technology enables the use of various coating materials such as ceramics, metals, and other alloys to provide coatings. The coating applied through HVOF technology offers high corrosion resistance and high adherence properties and fine-as-sprayed surface finishes, and low oxide levels. This market is segmented on the basis of application such as automotive, industrial, energy, and aerospace.
North America is the most dominant region in the global thermal barrier market and was valued at US$ 3.65 billion in 2016. Growth of the market in North America is driven by growing technological advancement such as reduction of in-cylinder heat, thermal fatigue protection of metal surface and reduction of emissions, increasing demand for gas turbine, and lead the market in thermal barrier coatings application. These coatings aid in operating at higher temperatures leading to increased efficiency, and reduce CO2 emissions.
Asia Pacific is the second largest region in terms of market share in the global thermal barrier coatings market. This is attributed to increasing demand for global power and cleaner solutions and growth of industrial and automotive sectors in the region. The auto-components industry in India is expected to register a turnover of US$ 100 Billion by 2020. Countries such as India and China are expected to contribute significantly to growth of the market owing to increasing number of power generation projects and demand for vapor deposition technology. Europe market is expected to show a significant growth owing to growth in energy and aerospace sectors in the recent past.
The thermal barrier coatings market was valued at US$ 12.86 Billion in 2016 and is expected to expand at a CAGR of 6.70%, in terms of revenue, over the forecast period (2017-2025).
Ceramics segment accounted for 33.5% market share, in 2016, in global thermal barrier coatings market. This is attributed to its high temperature applications in various end-use industries such as automobile, power generation and aerospace. High cost of manufacturing techniques of thermal barrier coatings, is expected to adversely affect growth.
Major Players in the Global Thermal Barrier Coatings Market:
Some of the players in this market include Metallisation Ltd., Praxair Surface Technologies, A&A Thermal Spray Coatings, H.C. Starck Inc., THERMION Inc., Air Products and Chemicals, Inc., Flame Spray Coating Co., ASB Industries, Inc., The Fisher Barton Group, and Metallizing Equipment Co. Pvt. Ltd.
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Wednesday, 18 April 2018

Refinery Catalyst Market dynamics and trends, efficiency forecast 2025

Refinery Catalysts Market Outlook
Asia Pacific is the largest market for refinery catalysts. The countries such as China and India have the largest population which in turn has enabled burgeoning growth in Industrialization, Urbanization, and Construction activities. Thereby, driving the growth of refinery catalyst market in Asia Pacific at the fastest rate. The rapid expansion and industrialization of polymer manufacturing and refining companies in the Asia-Pacific region is also expected to increase growth of refinery catalysts in the region.
Increasing Oil and Gas exploration activities has led to an increase of demand in the Middle East region. Therefore, refinery catalysts market is expected to have a high growth rate in this region.
In Europe, the economic slowdown has hindered the market from the past few years. But, the growing construction and automotive industry has enabled the refinery catalyst market to grow at a steady rate.
Shale gas boom has attracted many markets in North America and has led to the establishment of many exploration and refining projects. This, in turn, has led to the use of the catalyst to convert heavy crude oil into lighter parts. The increasing use of petroleum feedstock in North America is creating the highest growth opportunities in the refinery catalysts market.
Fluid Catalytic Cracking (FCC) is one of the major secondary procedure used in petroleum refineries which converts the high molecular weight and high boiling fractions of petroleum crude oil into more valuable products such as olefin gases, gasoline, and others. Cracking of petroleum hydrocarbons was earlier done by thermal cracking, which is now completely replaced by catalytic cracking. Hence, making the hydrocracking segment of refinery catalysts market to grow at a high rate during the forecast period.
Zeolite ingredient segment is the largest market in the global refinery catalysts market, as it is the most widely used in the FCC process. Owing to its affordable cost coupled with beneficial properties has enhanced the growth of refinery catalyst in FCC process.
Furthermore, other metals such as platinum, tungsten, nickel, cobalt molybdenum and various other metals are usually used for hydrocracking and hydrotreating process to remove impurities and reduce the emission of harmful gases into the environment. As the demand for fuels containing less sulfur content increases, the demand for metals is witnessed to have significant growth during the forecast period.
Refinery Catalyst Market Taxonomy
The global refinery catalyst market is segmented on the basis of type, ingredients, and applications.
On the basis of type, the refinery catalyst market is segmented as: FCC Catalyst,Hydrotreating Catalyst, Hydrocracking Catalysts, Catalytic reforming Catalyst, Others
On the basis of ingredients, the refinery catalyst market is segmented as:ZeoliteNatural Zeolite, Synthetic Zeolite, Metals, Precious Metals, Platinum, Palladium, Rhodium, GoldRare Earth Metals, Transition and Base MetalsTungstenCobaltNickelIronZirconium, Molybdenum, Manganese, Chromium, Chemical Compounds, Sulfuric acid, Hydrofluoric acid, Calcium Carbonate
On the basis of application, the refinery catalyst market is segmented as:Oil refineries, Chemical synthesis, Polymer manufacturing, Environmental Safety, Others
Key players in the global refinery catalyst market
The market of Refinery Catalysts is dominated by large multinationals such as BP Global and Royal Dutch Shell. Other key industry participants include YARA International, Foster Wheeler AG, OXEA GmbH, W R Grace, Johnson Matthey, Albemarle Corporation, BASF SE, Technip SA, and UOP LLC.
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Tuesday, 17 April 2018

Marine Coatings Market Segmentation Application, Technology & Market Analysis Report

Marine Coatings Market Outlook
Asia Pacific is the largest market for marine coatings. This is driven by both the marine and oil & gas industry. Increasing demand for energy in emerging economies of India, China, Indonesia, Philippines and ASEAN has boosted exploration and production activities in this region. Moreover, demand for goods has been followed by increased shipping and shipbuilding activity in this region which in turn has driven the marine coatings market. In addition, the development of this region as a low cost manufacturing zone has also increased shipping.
North America and Europe are the largest markets for boats, yachts and cruise liners, though these account for a relatively small market share in the marine industry. The luxury cruise liner segment is the fastest growing in these regions.
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Middle East and North Africa are crude oil rich zones. The oil tanker segment is a major player in this region. The oil produced in these regions is exported to Asian, European and North American markets.
Latin American market has witnessed growth in both energy and marine industry. Though growth is sluggish due to complex trade laws between countries and poor port infrastructure. But, increased private sector engagement in modernization of ports and regulatory improvements can be a driver for the marine industry.
There is a tendency of corrosion due to exposure to hostile marine environments. The consequences of corrosion are larger than the price incurred in preventing it, hence marine coatings have become a vital part of the shipping and shipbuilding industries. In addition, fuel consumption is reduced if the ship is in optimal shape. The major challenges are environmental regulations against leachable coatings. High VOC coats on leaching have an adverse effect on marine ecosystems. Furthermore, oil price instability has led to raw material price fluctuations which will slow down market growth in the forecast period.
Marine Coatings Market Taxonomy
On basis of Product Type: Anti-Fouling, Foul Release, Slime Release, Anti-Corrosion, Others
On basis of Application
Marine:Freight Containers, Fishing Vessels, Shipyards & Ports, Naval Vessels, Boats, Ships, Yachts, Cruises, Tankers, Barges
Special Purpose Vessels:Oil and Gas, Construction, Others
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The requirement of special purpose ships in the oil and gas industry is growing. As production moves to deep-water and ultra-deep-water, specially designed drill ships and exploratory ships are required. In 2010, Maersk has commissioned the Viking, a US$ 650 million drillship to drill in depths of excess of 3000m water depth. Further developments in this segment is expected in the forecast period. Major players in the marine coatings market include Nippon paint marines Co. Ltd., Hempel A/S, Jotun A/S, PPG Industries Inc., AkzoNobel NV, DuPont, Axalta Coating Systems, Engineered marine coatings LLC, Chugoku Marine Paints Ltd., Advanced Marine Coating AS, KCC Corp., Kansai Paint Co. Ltd.
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Monday, 16 April 2018

E-commerce Packaging Market - Global Industry Insights, and Forecast till 2025

The e-commerce packaging market is bolstered by increasing e-commerce sales around the world. E-commerce has transformed retail sector and it is gaining significant market share in place of conventional retail channels such as hypermarkets, supermarkets, and convenience stores. The primary function of e-commerce packaging is to protect products from environmental damage and contamination such as dust, moisture, and microbes. Moreover, protection from damage is important for products such as electronics and furniture. E-commerce packaging is also important in terms of branding and customer retention. The use of sustainable and/or aesthetically appealing packaging material led to increased resale of products, according to a Stora Enso Oyj survey.
Sustainable e-commerce packaging is gaining major traction since recent past. Chinese e-commerce players such as JD.com and Suning.com are adopting reusable plastic boxes, which is cost-effective and generates low waste. JD.com also announced that it aims to raise the proportion of sustainable materials to 80% of its total packaging material used by 2020, due to high waste generation from packaging. According to Chinese government sources, on Singles Day 2017, a popular Chinese holiday, over 160,000 tons of waste was generated as e-commerce players recorded sales of US$ 52 billion.
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In terms of revenue, Asia Pacific held a dominant position in the market in 2016, and is expected to maintain its dominance throughout the forecast period. According to Associated Chambers of Commerce and Industry in India (ASSOCHAM), an industry trade association, the e-commerce market accounted for US$ 38.5 billion in 2017 and is projected to exceed US$ 50 billion by 2025. This can be attributed to an increasing internet penetration rate in India. According to the Internet and Mobile Association of India (IAMAI), the number of people with access to internet in India is projected to reach 500 million by June 2018. The aforementioned factors coupled with strong GDP growth and increasing purchasing power of consumers will result in India being the fastest growing market for e-commerce in the world, which in turn is expected to boost growth of the e-commerce packaging market in the region. Amazon India, Flipkart, and Snapdeal are among the major e-commerce players operating in India. The e-commerce packaging demand in India will largely be dictated by the performance of these companies in the market.
Europe and North America region have high internet and smartphone penetration. According to the World Bank, average rate of internet penetration in Europe and North America is 75% and 78% respectively. The market in these regions is driven by shifting consumer preference from offline retail channels to e-commerce. Amazon Inc. is the largest e-commerce player in North America. The company recorded a revenue of US$ 149 billion in 2016 in the U.S. alone and accounted for over 38% of the e-commerce market in the U.S. According to the Fibre Box Association (U.S.), the boxes segment is expected to witness significant demand from the e-commerce industry. This is largely due to increased demand for products such as furnishings, electronics, and consumer goods which typically utilize boxes as packaging.
Among product type, protective packaging accounted for 33.23% of the market share and was valued at US$ 7.12 billion in 2017. It is expected to be the largest and the fastest growing segment throughout the forecast period. The segment’s dominance can be attributed to increasing electronics and food & beverages sales from online platforms.
The global e-commerce packaging market is marked by intense competition from major manufacturers operating in this market. Strategic mergers and acquisitions, product innovations, and joint ventures are some of the key strategies adopted by these companies to ensure long-term sustenance in the market. Some of the major players operating in the market are Smurfit Kappa Group, Mondi Group plc, International Paper Company, DS Smith plc, Klabin S.A., Rengo Co. Ltd., Nippon Paper Industries Co. Ltd., and Georgia-Pacific LLC.
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Termite Control Market Industry Insights and Forecast 2025

Termites mainly feed on cellulose and dead plant material, usually in the form of leaf litter, wood, and soil. Termite infestation can lead to major damage to buildings, food crops, and in turn humans. Thus, various control methods such as chemical control, biological control, and physical & mechanical control methods are being used to control termite infestation. Supportive government initiatives is a major factor fueling market growth. For instance, the Environmental Protection Agency (EPA) in the U.S. encourages termite prevention through various awareness programs and has implemented stringent standards for registration and use of termite control products.
The subterranean termites segment accounted for the largest market share in 2016. This is attributed to high concentration of these termites, with as many as over two million termites in a single colony, making these the most destructive termite species. Chemical control method is most widely used in controlling termite infestation, as it provides fast elimination and highly effective, with pyrethroids being the most preferred pesticide. In addition to this, chemicals such as chlorinated hydrocarbons, phenylpyrazole, chloronicotinyls, borates, trifluoromethyl aminohydrazones, and pyrroles are also used in this method.
North America is the most dominant region in global termite control market and the region was valued at US$ 1,165.79 million in 2016. This is attributed to increasing demand from commercial and industrial sectors such as food service and food processing industries, for termite control services. The Pest Management Regulatory Agency of Health Canada (PMRA), regulates the Pest Control Products Act (PCPA), in various sectors including Food Residue Exposure Assessment Section (FREAS), which evaluates cases, where these services can affect the human health due to their contact with field crops, meat and dairy products and processed food. Furthermore, global organizations including The U.S. Department of Agriculture (USDA) actively focuses on termite research and control programs and also publishes news related to termite control for creating awareness among the general public. It actively funds research on subterranean termites at the Louisiana State University.
Asia Pacific is expected to be the fastest growing region in global termite control market, in terms of revenue, over the forecast period. Increasing awareness related to damage caused by termites and growing tourism sector are some factors expected to positively affect growth of the market. Rising tourism, is fuelling the demand for hygienic stays in hospitality sector and thereby, aiding to the growth of termite control market at high pace, in the region. According to the data provided by the World Travel & Tourism Council in October 2017, Asian cities are at the forefront of growing tourism and the world’s top ten fastest growing tourism cities including Chongqing, Guangzhou, Shanghai, Beijing, Chengdu, Manila, Delhi, Shenzhen, Kuala Lumpur and Jakarta are all in Asia Pacific.
However, various governments are implementing regulations for use of certain pesticides and limiting the availability of toxic pesticides, either by restricting its use or banning a product completely. For instance, in Japan, heptachlor and chlordane are restricted for use in termite control owing to its harmful effects on human health and environment. This in turn, propelling the demand for biotermiticides, as they are derived from bacteria or fungi and have less environmental impact. In addition to this According to Indian Pest Control Association — a non-profit trade association of professional pest management companies in India — the Insecticides Act aids in regulating the import, registration process, manufacturing, and use of insecticides in order to prevent risk to animals and human beings. All the insecticides undergo the registration process with Central Insecticides Board & Registration Committee (CIB & RC) before its use. The constantly changing regulatory scenario and stringent registration process for pesticides inhibit market growth to a certain extent.
The termite control market was valued at US$ 3,276.91 million in 2016 and is expected to expand at a CAGR of 5.7%, in terms of revenue, over the forecast period (2017–2025).
North America accounted for a revenue share of 35.58% in 2016, in global termite control market. Development of novel technologies for controlling termite infestation is a major factor influencing growth of the termite control market. One such technological innovation was the launch of automatic cold fogging machine at the Pest Summit 2016 to control pest and termites. Moreover, operating constraints such as time constraints and scheduling conflicts and stringent regulatory clearance and lengthy approval procedure are some of restraining factors for the market growth.
Major Players in the Global Termite Control Market
Key players are adopting various strategies such as mergers and acquisitions, joint ventures, partnerships, and product innovations to ensure their long-term sustenance in this market. In 2017, Arrow Exterminating Company, Inc. acquired Bugmaster Exterminators-U.S.-based company that specializes in commercial and residential termite control-to expand its presence in residential and commercial sectors by offering a full line of service.
Some of the key players in global termite control market are BASF SE, Bayer AG, The DOW Chemical Company, Sumitomo Chemical Co., Ltd., FMC Corporation, United Phosphorus Ltd, Nufarm Limited, Nippon Soda Co. Ltd, Rentokil Initial PLC, Adama Agricultural Solutions Ltd., and Ensystex.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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