Thursday, 30 August 2018

Global Bromine Derivatives Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Bromine derivatives are mainly categorized into two segments, inorganic bromine derivative and organic bromine derivatives. Inorganic bromine derivatives mainly includes Calcium Bromide, Potassium Bromide & Sodium Bromide. Organic bromine derivatives includes Ethylene dibromide, Methyl Bromide, Hydrobromic Acid (Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and Octabromodiphenyl oxide.
Market Dynamics
Bulk availability of bromine feedstock and increasing oil & gas exploration activities in Asia Pacific, South America, and Africa are creating highly conductive environment for growth of bromine derivatives market in these regions. In addition to this, increasing demand for bromine derivatives in water treatment and Mercury Emission Control by power plants is expected to have positive impact on growth of the market in the near future.
However, stringent regulations imposed on use of synthetic bromine derivatives is a major challenge for market growth. For instance, in 2016, European Union (EU) published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a bromine containing flame retardant. It has applications such as filling bean bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.
Market Outlook
Among application, flame retardant segment accounted for the highest market share in 2017. The segment is expected to lead the market throughout the forecast period (2018-25). Rising fire accidents globally has resulted in increasing demand for bromine based flame retardants. According to the National Fire Protection Association (NFPA), between 2011 and 2015, municipal fire departments in the U.S. responded to an average of 37,910 fires at industrial or manufacturing properties every year with annual losses from these fires estimated at 16 civilian deaths, 273 civilian injures, and US$ 1.2 billion in direct property damage totally.
Among end-use industries, chemical segment dominated in the market in 2017. Owing to extensive applications of bromine derivatives in chemical industries, the segment is projected to maintain dominant position in the market over the forecast period.
Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as bulk availability of Bromine Feedstock, and rapid penetration of Chemical, pharmaceutical, Personal Care companies into emerging economies such as China and India are creating immense opportunities for growth of bromine derivatives market.
Key players in Global Bromine Derivatives Market
Key players operating in the global Bromine Derivatives market include Israel Chemicals Limited, Albemarle Corporation, LANXESS (Chemtura Corporation), Jordan Bromine Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resource Inc., TETRA Technologies Inc., Honeywell International Inc., and Perekop Bromine Factory among others.
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Fresh Meat Packaging Market Insights,Opportunity Analysis, and Industry Forecast till 2025

Fresh Meat Packaging Market Report categorizes the global market by Material (Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE), Polypropylene (PP), Ethylene Vinyl Alchohol (EVOH), and others), by Meat Type (Pork, Beef, Poultry, and Seafood), by Technology (Modified Atmosphere Packaging, Vacuum Thermoformed Packaging, and Vacuum Skin Packaging), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Fresh meat packaging offers protection to meat products from various contaminations, in turn increasing the shelf life of products. Fresh meat packaging is associated with numerous benefits such as reduced carbon footprint, low energy, and raw material consumption. Moreover, various materials, including polyethylene (PE), polypropylene (PP), ethylene vinyl alcohol (EVOH), and biaxially oriented polypropylene (BOPP) are widely used in manufacturing packaging for fresh meat products. Rising environmental concerns regarding harmful effects of packaging wastes and growing awareness regarding global warming are fuelling the demand for innovation and development of biodegradable and recyclable packaging material such as bio-based polymers, including polyhydroxyalkanoates (PHA).
The major factors propelling growth of the fresh meat packaging market include growing demand for meat products such as pork, beef, poultry, and seafood. Fresh meat packaging employs superior quality materials for packaging, to prevent any contamination. Furthermore, packaging improves the shelf life of fresh meat products, in turn, attracting a large number of health conscious consumers.
Rapid urbanization, growing demand for convenience products, and growing awareness about the benefits of meat packaging are factors responsible for steady growth of the fresh meat packaging market. These factors are expected to drive rapid growth of the market during the forecast period.
In terms of revenue, North America held a dominant position in the fresh meat packaging market in 2016, accounting for over 35% market share. The region is expected to retain its dominance throughout the forecast period. Pork meat recorded the highest demand among consumers over the last four years. The U.S. is the frontrunner for fresh meat packaging market in North America and is expected to sustain its leading position throughout the forecast period. According to the National Center for Biotechnology Information (NCBI), in U.S., the consumption of meat was more than three times when compared to the global average and around 58% of the consumers preferred red meat over poultry in 2011. Furthermore, according to Organization for Economic Co-Operation and Development (OECD), the average American adult consumed 198 pounds of meat in 2014. This indicates high demand for meat, which in turn, is expected to fuel growth of the fresh meat packaging market in North America over the forecast period.
Asia Pacific is expected to be the fastest growing market for fresh meat packaging, witnessing the highest CAGR of 3.94% over the forecast period. Rapid growth of the market is attributed with the increasing meat consumption in this region, with China being the major contributor for market growth. In 2014, China recorded the largest per capita meat consumption, followed by Japan, Thailand, Indonesia, and India. However, China witnessed a decline in traction for pork meat due to safety scandals among a large number of pork suppliers, over the last two years. Growing awareness among consumers regarding the consumption of low fat protein options and the recent swine flu epidemic pose as major factors, restraining growth of the poultry segment in the region. Unlike other emerging economies, India has a very low per capita meat consumption, accounting for only 9%, in terms of volume in 2014. However, increasing per capita income and growing consumer inclination towards meat products are expected to fuel growth of the fresh meat packaging market in Asia Pacific.
On the basis of technology, the fresh meat packaging market is segmented into modified atmosphere packaging (MAP), vacuum thermoformed packaging (VTP), and vacuum skin packaging (VSP). Further, on the basis of meat type, the fresh meat packaging market is segmented into pork, beef, poultry, and sea food.
Among material type, polyethylene (PE) held a dominant position in the fresh meat packaging market in 2016 and is expected to retain its dominance throughout the forecast period.
Key Players in the Fresh Meat Packaging Market
Major players operating in the fresh meat packaging market include Bemis Company, Inc., Nuconic Packaging Llc,  Winpak Ltd., Crown Holdings, Tetra Pak International S.A., Sealed Air Corp. ,Berry Plastic Group Inc., Coveris Holdings S.A., Silgan Holdings Inc., and Toyo Seikan Group Holdings.
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Tuesday, 28 August 2018

Diagnostic Scan Tools Market Technology Advancement and Growth 2025

Diagnostic Scan systems are electronic tools programmed to find significant applications as an interface to diagnose problems or malfunctioning of any operations in an automobile. These tools enable in upgrading and reprograming of the vehicles control module. On the basis of technology, these products include, handheld, mobile device/pc/laptop based scan tools, data loggers, emission testing, vehicle telematics, and supplementary vehicle instrumentation.
According to International Organization of Motor Vehicle Manufacturers (OICA) data, the number of vehicles in use have witnessed an increase of over 3.7% CAGR over the term of 2005 to 2015, pegged at over 1.28 billion vehicles in 2015. Moreover, according to the organizations sales data, average sales of the vehicles has witnessed CAGR of over 3.2% over the period of 2006 to 2016, accounting for around 93.9 million vehicle sales in 2016. Growth in the vehicles in use and sales is expected to lead to increasing demand for automotive maintenance and services in the near future. Moreover, in order to reduce time and effort for detection, maintenance, and repair of automobiles is a factor expected to fuel growth of the global diagnostic scan tools market over the forecast period.
High growth rate of vehicle per thousand inhabitants coupled with limited number of authorized service centers and workshops have in turn led to significant demand for do-it-yourself kits
Do-it-yourself (DIY) kits offer easy operability and have gained significant popularity in the recent past. This has led to significant demand for these kits. These DIY kits have led to significant reduction in demand for diagnostic equipment and are projected to hamper the overall diagnostic scan tools market growth over the forecast period.
Advancements in technology in the development of communication and compactness of diagnostic equipment devices have led to significant growth in adoption of these devices. Handheld equipment and wireless communication-based equipment offer features such as mobility and efficiency in detection of automotive internal conditions and faults. These technologies are increasingly gaining traction. In conjunction with these factors, growing motorization rate per thousand inhabitants every year across the globe, which was 182 vehicles per 1000 inhabitants in 2015, as per OICA, is expected to propel growth of the diagnostic scan tools market over the forecast period.
Based on the product type, diagnostic equipment (hardware) segment was dominant in the global diagnostic scan tools market share in 2016, and is expected to continue its dominance over the forecast period. This aids in fault detection reliance on the analog and digital components to enable functionality of such devices. However, software segment is expected to witness highest growth over the forecast period, as software analyzes the complex codes to perform diagnosis of powertrain, chassis, and the body. Additionally, introduction of compact tools to reduce space footprint and incorporation of wireless communications is expected to significantly contribute to growth of the market.
Europe diagnostic scan tool market was dominant in terms of value share in 2016, owing to high utilization of the hardware systems in the region. Moreover, increasing consumer preference for more precise diagnosis for their vehicles has led to increased proliferation of advanced devices and systems. Some of the key players in the global diagnostic scan tools market are Actia SA, AVL List GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Hickok Incorporated, Kpit Technologies, Robert Bosch GmbH, Snap on Incorporated, and Softing AG.
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Monday, 27 August 2018

Smoked Herring Fish Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Herring is the flesh of a fatty fish from the shallow waters of the northern Atlantic or Pacific oceans. It is a part of the family of Clupeidae (order Clupeiformes). Herring can either be the Atlantic herring (Clupea harengus harengus) or the Pacific herring (C. harengus pallasii). Herrings are small-headed, streamlined, colored fish with silvery iridescent sides and deep blue, metallic-hued backs. Adult herring range from 20 to 38 centimeters (8 to 15 inches) in length and they can grow 1.5 feet long. They live up to 19 years and can inhabit fresh as well as salt water. Herring feeds on organisms such as copepods, pteropods, planktonic crustaceans, and fish larvae.
Market Dynamics
Herring offers several health benefits, which is major factor driving growth of the Smoked Herring Fish Market. It has high levels of heart-healthy omega-3 fatty acids, essential fats that also play an important role in normal brain development and function. Studies carried out by the U.S. National Library of Medicine omega-3s help regulate inflammation and reduces the risk inflammation-associated disorders including heart attack, stroke, cancer, and autoimmune diseases such as rheumatoid arthritis. Furthermore, its provides benefits to patients suffering from high cholesterol, diabetes, symptoms of PMS, coronary artery disease, breast cancer, memory loss, depression, attention deficit hyperactivity disorder, insulin resistance, and arthritis. These are the major drivers for growth of the Smoked Herring Fish Market. However, the stringent government regulations with regards to the packaging of smoked herring products that includes proper lebelling and approval of the regulatory bodies amongst others is a major restraining factor for market growth.
Market Trends
Since 2014, smoked fish from Nigeria is marketed in the U.S. with the help of the Commercial Agriculture Development Project (CADP), supported by the World Bank. Through CADP, Nigerian farmers were introduced to new smoking kiln technology that improved fish processing by reducing the smoke level to internationally acceptable standards. Such technological advancements are expected to drive the growth of the market. Vendors in the smoked fish market are also investing in using biodegradable packaging materials such as bio-PET amongst others to increase the shelf life of the smoked fish products and to avoid the harmful effects of packaging solutions in the environment.
Market Outlook
Europe is expected to hold dominant position in the Smoked Herring Fish Market and is expected to continue its dominance during the forecast period. In Europe, majority of the smoked herrings are salted, pickled in barrels, or cured by smoking and sold as kippered herring. In eastern Canada and the northeastern U.S., most of the herring utilized are young fish, taken in inshore weirs or seines that are canned as sardines. Majority of herring obtained from Pacific Ocean are used to manufacture fish oil and meal and smaller quantities are pickled and smoked. Herring is placed in smokehouse are smoked at 80-90° F (27-32° C) for one hour to dry the skin and obtain golden brown color.
Key Players
Market players are engaged in manufacturing new products with smoked herring in order to maintain leading position in Smoked Herring Fish Market. Herring is preserved by using various methods such as smoking or salting. Also, key players offer herring prepared from using Eastern European methods, which is propelling demand for Smoked Herring Fish Market. For instance, Gold Star Smoked Fish offers finest Eastern European specialty foods and exquisite smoked fish crafted using authentic Eastern European methods. Key players operating in Smoked Herring Fish Market include Zila Laguna, TSIALIOS, Gold Star, Empresas AquaChile SA, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva AS, Labeyrie Fine Foods PLC amongst others.
Government Regulations
According to the E.U. smoked fish food products need to comply with safety requirements in accordance with Annex 16 as well as with the requirements of technical regulation of the Customs Union ‘On Safety of Food Products’ (?? ?? 021/2011). Fish food products must be manufactured from water biological resources retrieved (caught) in safe catching areas in accordance with the planned safety monitoring of water biological resources conducted by the authorized bodies of member states and aquaculture sites originating from farms (enterprises) safe from veterinarian point of view. The monitoring data needs to be placed in the information telecommunication network Internet on the official sites of the authorized bodies of member states of the E.U. Fish food products should not contain natural or synthetic hormonal substances or genetically modified organisms. The maximum admissible levels of residue content of veterinarian drugs, animal growth stimulants (including hormonal substances), medicines (including antimicrobial medicines) whose content in food products of aquaculture of the animal origin are controlled on the basis of the information about their usage (except chloramphenicol of the tetracycline group and bacitracin) provided by manufacturer (person authorized by manufacturer, importer), in their circulation on the territory of the Union should not exceed the admissible levels determined
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Bioplastic Packaging Market - Trends, and Forecast till 2025

Global Bioplastic Packaging Market-Insights
A bioplastic is a biodegradable group of polymers that are manufactured using renewable-based sources. Conventional plastics is hazardous due to the impact on the environment and their heavy reliance on the oil and gas industry for raw materials such as naphtha. Conventional plastic is widely used for packaging of casings, electronics, and food products, amongst others. This, in turn, is negatively impacting the environment, leading to increasing land and marine pollution.
Major factors driving growth of the global bioplastic market is rising adoption of bioplastic packaging solutions, due to their environment friendly and biodegradable nature. Bioplastics packaging solutions are effective packaging option as compared to plastic based packaging due to the large scale availability of degradable and renewable based raw materials used in the production of bioplastic packaging. Bioplastics significantly help in the reduction of poisonous VOC emissions as compared to conventional plastic packaging solutions.
However, biodegradable packaging is relatively expensive than conventional plastic. This is owing to high manufacturing cost of biodegradable material to offer properties similar to conventional plastic packaging. This is expected to be a major restraining factor for growth of the market. According to the European Bioplastics Organization, as of 2017, bioplastics represent a mere 1% of around 320 Mn tons of the global plastic production.
Food and beverages segment is expected to be dominant, accounting for 76.12% of the market share in terms of revenue in 2016, and is expected to reach 77.12% by 2025. It is expected to exhibit a CAGR of 27.94% over the forecast period. This is owing to high demand for bioplastic packaging in the food and beverages industry as companies are looking to switch to biodegradable packaging options especially for organic food and premium & customized products that have specific requirements. Rigid based bioplastic packaging options are available for consumer goods including creams, lipsticks as well as beverages. Companies are increasingly using products such as PLA, bio-PE, and bio-PET for these applications. For instance, companies such as Coca Cola, Volvic, and Heinz are using bio-PET in the production of bottles for beverages and other fluid products. P&G uses bio-PE for the packaging of cosmetics. Flexible bioplastic packaging such as films are useful in packaging of fruits and vegetables, in order to increase the shelf-life. There are numerous thermoplastic packaging options available for application in the food and beverages industry depending on the requirement. Bioplastic packaging is refined and easily flexible solution in order to meet specific preservation and requirement needs. Bioplastics aid in increasing the shelf life of products. This is due to its properties such as antimicrobial coating.
Bioplastics are expected to replace conventional plastic packaging in numerous industries as a result of their unique properties. Bioplastic packaging offer the same properties with added advantages over conventional plastics in the market. Manufacturers are adopting numerous organic and inorganic growth strategies such as mergers and acquisitions in order to increase their market share in the global bioplastic packaging market. For instance Cardia Bioplastics merged with Stellar Films Group in 2015. The merger will result in Cardia Bioplastics acquiring Stellar Films and thus resulting in the company entering the bioplastic films business. This has resulted in diversifying the company’s product portfolio.
Some of the major players operating in the global bioplastic packaging market are BASF SE, Koninklijke DSM N.V., NatureWorks, LLC, Metabolix, Inc., and The Dow Chemical Company., among others.
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Thursday, 23 August 2018

E-commerce Packaging Market Industry Trends and Growth Outlook 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.
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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Advanced Biofuel Market- Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Advanced biofuels are fuels manufactured from various type of biomass, which includes waste from agricultural, urban, and other wastes. It also known as second-generation biofuels. These biofuels are made from woody crops or lignocellulosic biomass, sugars, non-starch, and agricultural residues, which makes it harder to extract the required fuel. The second-generation biofuel is developed to overcome the limitations of high freezing temperatures and negative environmental effect of first-generation fuels (such as vegetable oil, biodiesel, bioalcohols, biogas, and syngas) and they can supply large amount of global fuel sustainably, which is affordable with higher environmental benefits. According to the California Air Resources Board (CARB), liquid biofuels are manufactured from non-petroleum sources and can reduce carbon intensity as compared to a petroleum fuel baseline. Growing market for renewable energy, government support, and increasing investments in second generation biofuels are some of the driving factors for the growth of advanced biofuels market. For Instance, the Australian Government launch Advanced Biofuels Investment Readiness (ABIR) program by investing US$ 10 million, which supported the development of advanced biofuels and provided funds to various universities such as James Cook University for its high-energy algal fuels project.
Advanced biofuels are classified on the basis of raw materials such as jatropha, camelina, algae, simple lignocellulose, complex lignocellulose, and others. Advanced fuel produced from algae raw material accounted for the largest market share due to its oil content. This plant grows on wasteland and can be grown using ocean and wastewater. Algae-based biofuels are relatively less harmful to the environment if spilled and are biodegradable in nature. Furthermore, the growth rate of algae is 20 times faster as compared to other raw materials such as jatropha. Advanced biofuels are also classified on the basis of fuel types such as cellulosic ethanol, biodiesel, biobutanol, bioDME, and others. Biodiesel fuel type segment holds the largest revenue share in the global advanced biofuel market. This growth is attributed to increasing use of biofuels as engine fuel.
North America is the most dominant region in global advanced biofuel market in terms of revenue and was valued at US$ 3.010 billion in 2016, owing to increasing demand for cleaner burning transportation fuels. According to Environmental Entrepreneurs (E2), the national nonpartisan business group, the production capacity of advanced biofuel in North America was more than 800 gallons in 2014. Various regulations such as California’s Low Carbon Fuel Standard and Renewable Fuel Standard are the key drivers for investment in advanced biofuels. The purpose of these regulations is to reduce emissions of GHG (greenhouse gases) and to implement low carbon fuel standard.
Europe is the second largest region in global advanced biofuels market. In Europe, the advanced biofuel market is driven by high R&D&D (research & development & demonstration) activities in EU indicating the potential growth of market for applications in marine, shipping, and air transport. The industrial initiatives such as European Industrial Bioenergy Initiative aims to have their first commercial plants by 2020 in operation. The objective of this initiative is to meet around 4% of EU transport energy need, with a focus on advanced biofuels.
Asia Pacific is the fastest growing region in terms of value in the global advanced biofuel market. Asia Pacific was valued at US$ 1.655 Billion in 2016. This is attributed to the increasing manufacturing industry and growing awareness about the usage of advanced biofuels in emerging economies such as India, China, and Indonesia. In Australia, the advanced biofuels sector was supported by the Australian Renewable Energy Agency (ARENA).
The advanced biofuel market was valued at US$ 8.880 Billion in 2016 globally and is expected to expand at a CAGR of 41.18%, in terms of revenue, during 2017 – 2025.
North America accounted for major shares in the global advanced biofuel market, in terms of revenues, in 2016. Policies such as California’s Fuel Standard and Federal Renewable Fuel Standard continue to be the primary drivers for the growth of advanced biofuel market. However, regulatory instability is the major challenge towards the market growth, which led to decreased investments, in 2014. The Environmental Protection Agency (EPA) was delayed in its annual announcement for the Renewable Fuel Standard volumes. Furthermore, high cost of production has negative impact on the growth of advanced biofuels market.
Major Players in the Global Advanced Biofuel Market
Some of the key players in global advanced biofuels market include Abengoa Bioenergy, S.A., A2BE Carbon Capture, LLC, Algenol Biofuels, Chemtex group, Bankchak Petroleum, Clariant Produkte GmbH, Fiberight LLC, DuPont Industrial Biosciences, Fujian Zhongde Energy Co., Ltd, Inbicon, GranBio, INEOS Bio, POET-DSM Advanced Biofuels LLC, KiOR Inc., ZeaChem Inc., and Sundrop Fuels, Inc.
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Wednesday, 22 August 2018

Pet Care Products Market Drivers is Responsible for Increasing Market Share, Forecast 2025

Pet care products includes items used for maintaining a healthy life for pets. These includes food products and supplements among others. Increasing number of people adopting and buying pets is expected to be a major factor driving growth of the market. Pet owners are increasingly focusing on specialized diets, due to rising dietary recommendations by vets and to maintain health of their pets. Therefore, various manufacturers in the market are focusing on offering specialized pet care products, for instance, Farmina, with its N&D product line provides all-natural products such as chicken & pomegranate puppy mini & medium, chicken & pomegranate adult maxi, fish & orange adult mini and others. These products are GMO-free, gluten-free, and are rich in high-quality vitamins, thus ensuring a high-quality specialized food diet for pets.
Market Dynamics
Some of the major driving factors for growth of the pet care products market are increasing awareness of pet ownership, rising focus of owners on weight management of the pets, and increasing demand for ancillary pet products. One of the major concern of pet owners is obesity of their pet, which is expected to boost demand for therapeutic products for dogs, cats, and other pets. In India, Scientific Remedies introduced the world’s first therapeutic pet food, Hill’s, which deals with nutritional management of the animals. According to the Association for Pet Obesity Prevention, 54% of dogs and 59% of cats in the U.S. suffered from overweight or obesity in 2016, which is expected to increase sales of therapeutic dog and cat food, and calorie-controlled products. According to the Association for Pet Obesity Prevention, the sales in North America for therapeutic product grew by almost 20% from 2012 to 2017. Other factors such as pet owners spending on ancillary pet products such as shampoos, pet spa, pet accessories, and other products is expected to fuel growth of the pet care products market. According to the American Feed Industry Association, the global spending on pet care in 2016 was valued at over US$ 100 billion and is expected to increase significantly, in the near future with growing diet controlled pet foods and hygiene.
The pet care products market is also expected to be driven by various technological innovation in the pet care products industry. For instance, PetPartner CRM is a mobile application, which connects to various vet clinics for appointments, reminders, track medications, pet insurance, and buy food and medications. Other application such as VetOnDemand provide assistant and support for consulting purpose to help assess the severity of the symptoms the pet is experiencing. The American Veterinary Medical Association introduced a Human-Animal Bond certification, which allows owner to get practical advice on how to ensure good bonds are built that could aid in reducing stress and anxiety, lower blood pressure, and others. Various trackers are developed by manufacturers, which allows owners to monitor their pets, when out of sight. For instance, in 2012, Petcube, Inc. introduced various products such as pet cube bites, pet cube play, pet cube care, and others, which allows the owner to look after their pet even when away from home and also aids in interaction with their pets.
Market Outlook
The litter box, which is also known as sandbox, litter tray, litter pan, or cat box, is used for collecting indoor feces and urine of cats, rabbits, ferrets, small dogs such as Beagles and Chihuahuas, and other pets. The cat litter segment is expected to exhibit high growth over the forecast period. Various cat litters are available in the market such as clay cat litter, silica cat litter, and biodegradable cat litters. Consumer awareness towards eco-friendly products is expected to fuel demand for biodegradable cat litters, which consist of cedar, sawdust, pine, corn, beet pulp, soybean, wheat, and recycled paper products that can be incinerated, composted, and used as mulch. For instance, Draynecs BVBA, a company from Belgium, introduced Clumping Vegetal Catlitter, which is made from organic cereal-based fiber with high odor controllability and better shelf-life. Other biodegradable cat litter products are Feline Pine Original Cat Litter, Biodegradable Bentonite Kitty Litter, Biodegradable, and Hygienic Tofu Cat Litter in Blueberry Flavor along with others.
North America is expected to account for major share in the pet care products market in the forecast period. According to the American Pet Products Association, in 2017, US$ 69.36 billion was spent on pets in the U.S., which is an increase by US$ 40 billion from 2001. The major spending sectors for pet owners are food and vet care, which is US$ 30 billion and US$ 17 billion respectively.
Asia Pacific is expected to be the fastest growing pet care products market by 2025. This is owing to increasing pet adoption in countries such as India, South Korea, and others. In South Korea, 17% of the household owns a pet (cats, dogs, mini pigs and others), which is in turn leading to growth of the pet care products market in Asia Pacific. Furthermore, in China, local players such as Shanghai Bridge Petcare and others are competing with the foreign players such as Mars Foods, Royal Canin Au Yu (Shanghai) Pet Food, and others by using North European standards in pet food manufacturing and exporting various products such as Nature Bridge, Nature Club, Kitchen Flavor, Nory, and others with competitive pricing.
Some of the major key players in the pet care products market include, Mars Incorporated, Nestlé S.A., Hills Pet Nutrition Inc., Wellpet LLC, Proctor & Gamble Co., Nutriara Alimentos Ltd., Agrolimen SA, and Uni-Charm Corp. among others.
About Coherent Market Insights:
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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Monday, 20 August 2018

Mesitylene Market - Size, Share, Outlook, and Opportunity Analysis, 2018–2025

Mesitylene or 1, 3, 5-trimethylbenzene is a derivative of benzene with three methyl substituents positioned symmetrically around the benzene ring. Mesitylene is a colorless liquid, insoluble in water with a sweet aromatic odor and is prepared by methyl alkylation of xylene over solid acid catalyst.
The traditional source of mesitylene is coal tar. The three aromatic hydrogen atoms of mesitylene are in identical chemical shift environments. Therefore, these three atoms only give a single peak at 6.8 ppm. Mesitylene is thus, used as an internal standard in NMR samples that contain aromatic protons.
Market Dynamics
Multiple applications of mesitylene in various end-use industries is projected to boost demand for mesitylene over the forecast period. For instance, mesitylene is used as precursor to diverse fine chemicals. It is oxidized by trifluoroperacetic acid to produce mesitol, which is used to prevent problems with pitch, to fix basic dyestuff and to reduce mottling. Uvitic acid is obtained by oxidizing mesitylene. It is also used as an additive and component of some avgas (aviation gasoline) blends. Mesitylene is used in the laboratory as a specialty solvent. It can also act as a ligand in organometallic chemistry, such as the organomolybdenum complex.
Moreover, major factors driving the mesitylene market growth include its application as an intermediate. Mesitylene is mainly used as a precursor to 2, 4, 6-trimethylaniline, a precursor to colorants. Color and dyestuff market is rapidly expanding industry owing to demand from numerous end-use industries. According to Coherent Market Insights (CMI), the global dyestuff market for cotton alone was valued at US$ 2.21 billion (revenue) and 830.7 kilo tons (volume) in 2016. Wide applications of pigments and colorants in the textile, food and beverages, and automotive industries is increasing the demand for abundant raw material. This in turn, is expected to boost demand for reagents for colorants such as mesitylene, thus boosting growth of the mesitylene market.
Major factors restraining growth of the global mesitylene market include its toxicity and hazards impacts on animals. According to a study published by Polish Journal of Environmental Studies, in 2006, mesitylene vapors exert neurotoxic and irritating effects on animals. The same study concluded that the irritating effect of mesitylene on the respiratory tract of mice is four and eight times higher than that of xylene and toluene, respectively. It also showed that mesitylene was found in the liver, lungs, kidneys, and blood of rats after repeated inhalation exposure to mesitylene.
Market Outlook
According to the global mesitylene market analysis, North America held a dominant position in the market in 2017. This growth is attributed to high presence of chemical manufacturers in the region such as The DOW Chemical Company, ExxonMobil, and PPG Industries. The market in the region is projected to maintain its dominance throughout the forecast period.
Among grades, the industrial grade segment is projected to gain major traction over the forecast period, owing to increasing demand for mesitylene in the chemical and research industry as regent and solvent.
The electronics segment is forecasted to be the fastest-growing segment in the global mesitylene market. In the electronics industry, mesitylene is widely used as a developer for photopatternable silicones due to its solvent properties. According to German Electrical and Electronic Manufacturers’ Association, in 2015, the global electrical and electronics market was valued to US$ 4.666 billion with a share of Asia alone accounting for 59%. Such factors represents immense growth opportunities for electronic segment.
Key Players
Key players operating in the global mesitylene market include Mitsubishi Gas Chemical Company Inc., The DOW Chemical Company, Versalis / EniChem, Refinery of Sinopec Jinling (Sinopec), EMD Performance Materials, Toyo Gosei Co., Ltd, Jiangsu Jiuri Chemical Co., Ltd., Nantong Dingji Chemical Technology Co., Ltd.Jurong Anbei Chemical Co., Ltd., and Jinzhou Petrochemical Co., Ltd.
About Coherent Market Insights:
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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Industrial Packaging Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Industrial packaging is essential for the packaging of industrial goods and products, during or after the manufacturing process. Industrial packaging is different from others types of packaging. It mainly focusses on the strength and thickness of the materials used along with secured lock mechanisms and closures. Various industries use high-quality packaging to meet international packaging standards of providing protective packaging. Industrial goods are often bulky, heavy, and sensitive to hazards or external contacts, thus industrial packaging involves the use of different material such as stainless steel, wood, and plastics.
One of the major factors propelling the global growth of this market is rapidly developing construction industry. According to Coherent Market Insights report, the global construction industry is projected to exhibit a CAGR of 5.8% from 2016 to 2021. Moreover, increasing trend of recyclable and biodegradable packaging materials such as plastics and paper & paperboard materials, along with increasing consumption of packaged food items coupled with growing industrialization in the emerging economies such as India, China, and Brazil has propelled the market growth. Advancement in technology such as nanotechnology in printing and films shows new opportunities for the growth of industrial packaging.
However, fluctuating prices of the raw materials used for the manufacturing of industrial packaging products, lack of marketing, branding, and distribution channels, lack of 100% commitments to the quality standards, and unavailability of skilled manpower are some of the major factors restraining the market growth.  
Asia Pacific holds the largest market share in global industrial packaging market. It is projected to exhibit the fastest CAGR of 7.4% during the forecast period. The emerging economies in Asia Pacific such as India, China, South Korea, Vietnam, Malaysia, and Thailand are expected to propel the growth of industrial packaging market in the near future. Furthermore, industries such as petrochemicals, automotive, agriculture, oil and gas, food and beverages, chemicals, and metal fabrication have a high requirement for transportation, safe handling, and storage. These factors augments the market growth in Asia Pacific.
Among materials, plastics segment held the dominant position in 2016, with 45.0% market share. Availability of numerous grades of plastic, easy handling due to light weight, and due to its chemical inert property, are some of the major factors driving the demand for this segment.. Paper and paperboard accounted as the second largest segment in 2016, with 29.12% market share. This is mainly owing to its eco-friendly and biodegradable materials, which are used by many end-use industries.
Among the end users, chemicals and pharmaceutical industries has the largest market share in the industrial packaging market, owing to high adoption rate of industrial packaging products. According to American Chemistry Council (ACC), due to availability of cheap and abundant ethane and shale gas, there is boom in chemical industry in U.S, with starting of 294 new projects by 2017. According to U.S International Trade Administration, the world market of pharmaceuticals witness a growth rate of 4.9%, and is projected to grow from US$ 1 trillion to US$ 1.3 trillion from 2015 to 2020. Thus, increase in the demand for packaging of chemical and pharmaceutical goods is expected to drive the growth of industrial packaging market over the forecast period.
Plastic held the dominant position in 2016 and is expected to retain its dominance during the forecast period. Packaging holds a revenue of US$ 25.5 billion and is projected to exhibit a CAGR of 5.4% over the forecast period.
Asia Pacific held the dominant position in the global industrial packaging market in 2016 and is expected to retain its dominance throughout the forecast period.
Major Players in the Global Industrial Packaging Market
Some of the major players operating in the global Industrial packaging market include AmeriGlobe LLC, Beacon Converters, Bemis Company, Aphena Pharma Solutions, Cascades Inc., International Paper Company, United Drug Plc, and Sigma Plastics Group.
About Coherent Market Insights:
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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