Asia-Pacific Condom Industry will grow with a CAGR of 3.74% from 2021 to 2030

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 Industry will grow with a CAGR of 3.74% from 2021 to 2030.

Asia-Pacific Condom Market Share, Forecast 2021-2030

Asia-Pacific Condom Market 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.

Asia-Pacific Condom Market Size was valued US$ 4.6 Billion in the year 2021

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.

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 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

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China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027

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.

China Hotel Market Share, Forecast 2021-2027

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.

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.

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

Potato Chips Industry is likely to grow with a CAGR of 3.92% from 2020-2028.

Potato chips are one of the most extensively consumed snacks across the world. These are thin potato slices that have been seasoned and fried till crisp. Potato chips are trendy amongst all age groups, especially the young population worldwide. Moreover, supported by changing lifestyles, consumers are globally opting for potato chips as an easy food option, known as authentic and natural snack options with health & wellness attributes. According to Renub Research, Global Potato Chips Market is projected to reach US$ 43.8 Billion by 2028.

Potato Chips Market Global Forecast 2021-2028

Factors Driving Potato Chips Demand Globally

Demand for potato chips continues to rise significantly worldwide with the emerging trend of westernization of food and consumption patterns. Moreover, a growing economy, a rise in middle-class population and increasing urbanization are other factors. Besides, with the increase of infrastructure development such as metro stations, cinema halls, airports and others, the demand is anticipated to rise further in the developing countries across the globe.

Worldwide Potato Chips Industry is likely to grow with a CAGR of 3.92% from 2020-2028.

Based on the product, the global potato chips market is segmented into; Plain sand flavoured chips. Moreover, the flavoured segment is estimated to be the fastest-growing segment due to the factors such as choice and availability of flavour and growing demand in the young population inclination towards taste. In the coming years, the development of newer flavours to meet the taste bents of diverse consumers is the answer to surviving in the global potato chips market.

COVID-19 Impact on Potato Chips Market Globally

In 2019, the outbreak of COVID-19 had a significant impact on Global Potato Chips Market. One of the biggest reasons for the decline in the market amidst COVID-19 is the empty grocery shelves shown due to supply chain hurdles. Moreover, despite the disturbances in the supply chain of potatoes, the extorted lockdown beyond the world and widespread work from home scenario actively supported the at-home food consumption and extension in snack stocks, which, in turn, augmented the demand for potato chips in 2020. Hence, the COVID-19 pandemic resulted in the generation of opportunities for numerous private players to arise in the markets to purvey the inflated demand for potato chips.

Online Retailing Category is expected to be the fastest Expanding Segment

In this report, we have studied the global potato chips market by distribution Channel into Supermarket/Hypermarket, Convenience Stores and Others. Due to the availability of bulk purchase discounts, the rapid expansion in the number of food stores, top quality chips at preferred rates, and the low danger of bad debts. The Super Market category holds the most significant share. Due to factors such as the availability of a wide selection of flavours of potato chips and crisps, quick accessibility, and easy cost comparison across various types of chips, the Online Retailing category is expected to be the fastest expanding segment over time.

Asia-Pacific was the fastest expanding market for the Potato Chips Industry

Based on Geography, the consumption levels for potatoes chips vary extensively across regions across the globe and have a massive scale in the salty snacks’ category. Change in lifestyles, technological improvements, increased investment in developed countries of the region, and a taste preference contributes to the rise of the potato chips industry. Similarly, Asia-Pacific is expected to be the fastest expanding for the Industry and thereon, supported by surge incomes in developing countries such as India and China, younger population, and a choice for western lifestyles.

Global Potato Chips Market Size was US$ 32.2 Billion in 2020.

Notwithstanding, Potato Chips Industry is very large and is dominated mainly by multiple manufacturers. The global potato chips market is highly imploding with numerous small and large manufacturers who compete in terms of prices and quality. In our report, some of the leading players operating in the market studied are General Mills, Kellogg’s Company, The Kraft Heinz Company and PepsiCo Inc.

Renub Research latest report “Global Potato Chips Market by Product type (Plain Chips & Flavored Chips), Distribution Channel (Super Market/Hyper Market, Convenience Stores, Others), Region (North America, Europe, Asia-Pacific’s, ROW), Company (General Mills, Kellogg’s Company, The Kraft Heinz Company, PepsiCo Inc.)” provides comprehensive details about Potato Chips Industry Globally.

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

Product Type – Market breakup from 2 viewpoints

1.    Plain Chips

2.    Flavored Chips

Distribution Channel – Market breakup from 3 viewpoints

1.    Supermarket/Hypermarket

2.    Convenience Stores

3.    Others

Region – Market breakup from 4 viewpoints

1.    North America

2.    Europe

3.    Asia-Pacific

4.    Rest of World

All companies have been covered into 3 viewpoints

•    Overviews

•    Recent Developments

•    Revenues

Company Analysis

1.    General Mills

2.    Kellogg’s Company

3.    The Kraft Heinz Company

4.    PepsiCo 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

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

The European automotive industry has been booming and has become a global leader and driver of Europe’s growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to Renub Research, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030.

Europe Automotive Vehicle Market Forecast 2021-2030

Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe’s economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors.

Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry

Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade.

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry.

In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector’s positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe.

Coronavirus devastating effect on European Automotive Vehicle Industry

European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus.

Europe Automotive Market was 15.49 Million Units in 2020

As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle.

The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030.

Renub Research latest report titled “Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company)” provides a detailed analysis of Europe Automotive Vehicle Market

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

By Category – Europe Automotive Volume have been covered from 8 viewpoints:

1.    Electric Vehicle (EV)

2.    Hybrid Electric Vehicle (HEV)

3.    Plug-in Hybrid Electric Vehicle (PHEV)

4.    Mild Hybrid Electric Vehicle (MHEV)

5.    Natural Gas Vehicle (NGV)

6.    Fuel Cell Electric Vehicle (FCEV)

7.    Diesel Vehicle

8.    Petrol Vehicle

Company Insights:

•    Overview

•    Recent Development & Strategies

•    Financial Insights

Company Analysis:

1.    Volkswagen

2.    Toyota Motor Corporation 

3.    Daimler AG 

4.    Ford Motor Company

5.    Honda Motor Company

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

United States Energy Drink Market size will grow with a CAGR of 5.34% during 2020-2027

In the United States, energy drinks’ consumption has gained immense popularity among the millennial population over the last decade, and it has now become a multibillion-dollar industry. It is an integral part of social gatherings, parties, and celebrations in the United States. An energy drink contains stimulant compounds, usually caffeine, which is marketed as providing mental and physical stimulation. It is not carbonated and contains sugar, other sweeteners, herbal extracts, taurine, and amino acids. According to Renub Research, United States Energy Drink Market will be US$ 28.25 Billion by 2027.

United States Energy Drink Market Industry Trends, Forecast 2021-2027

Factors Driving Energy Drink Market of United States

Besides, the massive consumption of energy drinks and the huge coffee experience in the United States has promoted the idea of energy shots into the mainstream, a major factor driving the sales of energy drinks in the country. The expanding health consciousness among individuals, along with sedentary lifestyles and busy schedules of working professionals, is shifting consumer preferences towards functional beverages. This, in turn, is continuing to fuel the growth of the United States energy drink industry.

Additionally, the consumption of energy drinks has turned into a status symbol, especially for the youth residing in urban areas. This has happened in an increased dependence on energy drinks. Specific clean-label claims, like non-organic, natural and organic, among others, are influencing consumers, primarily teenagers and young adults (major target consumers), who indulge in sports activities.

United States Energy Drink Market was US$ 19.63 Billion in 2020.

Based on type, the United States Energy Drink Industry is segmented into Alcoholic and Non-Alcoholic Beverages. Non-Alcoholic beverages comprise sports drinks, bottled water, carbonated drinks, fruit and vegetable juices, and ready-to-drink tea and coffee. At present, a significant rise in the number of individuals participating in sports and other physical activities is catalyzing the demand for energy drinks in the United States as they help increase energy levels and enhance mental alertness and physical performance.

United States Energy Drink Market size will grow with a CAGR of 5.34% during (2020-2027)

Energy drink remains the most popular supplement besides multivitamins in the American adolescent young and adult population. Most of all, American male and female adolescents use these supplements regularly to maintain a healthy lifestyle. The primary reason for their use is a desire to reduce or control body fat, along with growing rates of lifestyle-related diseases, which inspired health-oriented consumers to opt for healthy and sugar-free drinks. As per Statista, in 2018, 33.85 percent of respondents aged 18 to 29 years stated they drink energy drinks regularly.

Based on Distribution Channels

In the United States, distribution channels such as Convenience Stores, Foodservice, Mass Merchandisers, Supermarket and others are provided energy drinks in multiple flavors and primary packaging, including plastic, glass, and metals. PET bottles and cans provide consumers with a wide range to choose their suitable drinks based on packaging and flavor.

Furthermore, the availability of energy drinks on e-commerce platforms has resulted in the convenience of buying goods without any physical constraints. E-commerce offers convenience and comfort and provides information regarding products, prices, benefits, and comprehensive value evaluation before committing a purchase.

COVID-19 Impact on United States Energy Drink Market Size

The exclusive sales of energy drinks declined considerably during the COVID-19 pandemic due to limited consumer demand as outdoor activities were refrained and a reduction in inventory by the major companies, including Monster Beverage. Additionally, the production of numerous products launches, thereby hindering the market growth over the medium term.

Energy Drinks Industry of USA is highly consolidated with Key Players

Companies like Red Bull, Monster Beverage Corporation, PepsiCo, National Beverage Corp, Suntory Holdings Limited and Constellation Brands working in the market are concentrating on personalization and convenience. They also provide healthy, zero-calorie, and low-sugar functional energy drinks to scale their energy drink production in the United States.

Renub Research latest report “United States Energy Drink Market, by Type (Alcoholic and Non-Alcoholic), Product (non-organic, natural and organic), Packaging (plastic, glass, metals and others), End-Users (Kids, Adults, Teenagers), Gender (Women, Man), Distribution Channel (Convenience Stores, Foodservice, Mass Merchandisers, Supermarket and others), Company Analysis (Red Bull, Monster Beverage Corporation, PepsiCo, National Beverage Corp, Suntory Holdings Limited and Constellation Brands)” provides complete details on United States Energy Drink Industry.

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Type – United States Energy Drink Market has covered from 2 viewpoints:

1.    Alcoholic

2.    Non-Alcoholic

Product – United States Energy Drink Market has covered from 3 viewpoints:

1.    Non Organic

2.    Organic

3.    Natural

Packaging – United States Energy Drink Market has covered from 4 viewpoints:

1.    Plastic

2.    Glass

3.    Metal

4.    Other

End User – United States Energy Drink Market has covered from 3 viewpoints:

1.    Kids

2.    Adults

3.    Teenagers

Gender – United States Energy Drink Market has covered from 2 viewpoints:

1.    Women

2.    Man

Distribution Channel – United States Energy Drink Market has covered from 5 viewpoints:

1.    Convenience Stores

2.    Foodservice

3.    Mass Merchandisers

4.    Supermarket

5.    Other

All key players have been covered from 3 viewpoints

•    Overview

•    Recent Developments

•    Financial Insights

Company Analysis

1.    Red Bull

2.    Monster Beverage Corporation

3.    PepsiCo

4.    National Beverage Corp

5.    Suntory Holdings Limited 

6.    Constellation Brands

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

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Japan E-commerce Payment Industry is likely to grow at a CAGR of 7.01% from 2020-2026

E-commerce payment implies digitally purchasing products and services, paying for a merchant using an electronic platform. Moreover, the digital payment method, without the use of cash or cheques, is often regarded as an online or mobile payment network. Japan has a well-developed e-commerce market and has registered sustainable growth over the years, supported by high mobile and online penetration and high consumer preference for online transactions. Consumers are increasingly shifting from cash to online payments. According to Renub Research, Japan’s E-commerce Payment Market is projected to reach US$ 297.87 Billion by 2026.

Japan e-commerce Market Industry Trends, Forecast 2021-2026

In recent years, the e-commerce payment industry in Japan has been undergoing tremendous growth. It is projected to accelerate as the trend is moving toward mobile purchases and online shopping. Moreover, with the reputation for embracing technology and being at the forefront of digital innovation, Japan’s e-commerce payments growth has been accelerated by ease and convenience. As per our analysis, despite Japan’s typically rapid adoption of new technologies, mobile commerce payment uptake remains relatively low, accounting for more petite than the e-commerce payment market. An ongoing inclination can describe this for desktops and a large ageing population, which is more reluctant than younger generations to adopt smartphones.

By Payment Method, Card, Cash, Bank Transfer, and Digital Wallet have become the most commonly used e-commerce payment mechanisms in Japan. As per our analysis, the card is the most popular online payment method in Japan, with bank transfer the next on the list. Among all the types of cards, credit cards are more likely to be used than debit cards to complete an online shopping transaction. Bank transfers, known as furikomi, are the second-most utilized payment method in Japan. PayEasy, a popular domestic bank transfer service, offers the ability for shoppers to pay at post offices, banks, and automated teller machines in Japan.

In addition, By Segment, the primary five categories contributing to the Japan E-commerce Payment Market are food & personal care, furniture & application, toys, hobby & DIY, electronics & media, and fashion. The e-commerce market in Japan presents an opportunity for international merchants to court an audience with money to pay and an urge for fashion, electronics & media & toys, hobby & DIY. Moreover, Japan’s unique online shopping events also boost e-commerce payment growth. Japan’s E-commerce Payment Industry is likely to grow at a CAGR of 7.01% from 2020-2026.

The Japanese merchants are adopting on-premise digital payment solutions owing to security-related benefits. The on-premise digital payment solutions help enterprises improve their security level and thereby increase customer satisfaction. Besides, in Japan, numerous platforms are operating through a wide array of products & services. A few names can also be highlighted for especially standing out due to their importance in the Japanese economy. Rakuten Group, Suica, PayPay, Origami, and merPay are some of the few renowned platforms operating in the E-commerce Payment Market. Our research suggests that Japan’s E-commerce Payment Industry was US$ 198.36 Billion in 2020.

COVID-19’s impact on Japan’s e-Commerce payment market:

As the government of Japan has declared a state of emergency due to the pandemic COVID-19, the online payment market in Japan was widely accepted in a rapid accelerated motion since the first half of 2020. Furthermore, with social distancing rules in Japan and the closure of many brick-and-mortar stores, shoppers also embraced online channels even for day-to-day shopping. As Japanese consumers embrace online shopping, the use of electronic payments is expected to rise further as consumers are moving aside from cash-based payments due to fear of getting infected and ease of making transactions.

Renub Research latest report “Japan’s E-commerce Payment Market, Forecast Market Analysis (E-Commerce Payment Market and M-Commerce Payment Market), Payment Method (Card, Cash, Bank Transfer, Digital Wallet and Other), By Segment (Food & Personal Care, Furniture & Application, Toys, Hobby, DIY, Electronics & Media and Fashion), Companies (Rakuten Group, Suica, PayPay, Origami, and merPay)” provides a detailed analysis of Japan eCommerce Payment Industry.

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Japan eCommerce Payment Market Analysis has been done from 2 viewpoints:

1.    E-Commerce Payment Market

2.    M-Commerce Payment Market

Payment Method – Japan Ecommerce Payment Market has been covered from 5 viewpoints:

1.    Card

2.    Cash

3.    Bank Transfer

4.    Digital Wallet

5.    Other

Segment – Japan e-commerce Market has been covered from 5 viewpoints:

1.    Food & Personal Care

2.    Furniture & Application

3.    Toys, Hobby, DIY

4.    Electronics & Media

5.    Fashion

Company Insights:

•    Overview

•    Recent Development

Company Analysis:

1.    Rakuten Group

2.    Suica

3.    PayPal

4.    Origami

5.    merPay

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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Europe Olive Oil Market Size was US$ 3.86 Billion in 2027

In the long term, olive oil is considered the most productive sector in Europe. It is an integral part of the consumption patterns of European consumers, likethe rising interest in healthier cooking and the Mediterranean diet. Olive oil is a potent anti-inflammatory agent and has been seen to protect against heart disease. It lowers blood pressure and infection while also preserving LDL particles from oxidation and possibly preventing blood clotting. The increasing interest in trying out exotic cuisines like Italian and Spanish has mainly contributed to the increased popularity of olive oil across Europe.

Europe olive oil market 2020 – 2027

Further, the olive oil industry is experiencing robust growth in Europe primarily due to the increasing demand for olive oil across the food service and retail channels. Maintaining overall fitness and wellness by shifting to healthier oil alternatives mainly drove the market’s growth. One of the major factors supporting the development of the olive oil market is the expanding interest in natural, cold-pressed and raw oils attributed to their safer and healthier counterparts. According to Renub research, Europe Olive Oil Market will be US$ 7.35 Billion by 2027.

Spain is the leading Producer, Exporter and Consumer of Olive Oil

Spain accounts for almost half of global olive oil production; other significant producers are Italy, Greece and Portugal. This is due to olive farming, one of the primary businesses in these countries due to the Mediterranean diet. Greece, Spain, Italy and Portugal are the primary producers and exporters in the region. Italy leads the industry in terms of imports and majorly imports olives from United States, China, Brazil, Japan and Turkey. Our research found that European Olive Oil Industry will grow with a good CAGR of 9.64% during 2020-2027.

Virgin Olive Oils are anticipated for strong Performance in Forecast Period

Virgin olive oils were the largest consumed oil in 2019, owing to their increasing popularity among customers attributed to the growing awareness regarding their health advantages in Europe. Omega-3 and oleic acid in virgin oil help prevent lifestyle-related disorders such as obesity and cardiovascular
diseases. The extra virgin oil is projected to exhibit substantial growth in Europe due to its rising utilization in Pharmaceuticals, the cosmetics industry and cooking. Besides, European households use extra virgin oil for cooking; it is widely used in personal care products like skincare for various purposes such as massages, sports injuries, and to reduce muscle fatigue, among others. As per this research report, Europe Olive Oil Market Size was US$ 3.86 Billionin 2020.

Growing Use of Olive Oil in European Retail and Foodservice Sector Propels Market Growth

Besides, the growing awareness regarding the role of olive oil in keeping good health has remarkably raised the demand for various types of olive oil in European retail channels. On the other side, retail has remained one of the most dynamically developing realms that enable olive oil market players to regularly be on their toes to discern their target customers and maintain a customized approach.

In addition, the foodservice sector in Europe used olive oil for salad dressing and preparing cold foods. Olive oil is widely utilized for the manufacturing of various food products, essentially healthy snacks. The growing demand for healthy snacks among users has necessitated manufacturers to incorporate nutrient-rich ingredients such as olive fruit oil to improve the value of the final product.

Impact of COVID-19 Pandemic on Europe Olive Oil Industry

The demand and sale of olive oil have observed a sudden slump because of the outbreak of the COVID-19 pandemic. Nationwide lockdown in several countries has resulted in the disruption of trade activities, which has slowed the growth of this industry. However, now with the improved situation the market of Europe Olive Oil is expected to revive in years to come.

Key Players in the European Olive Oil Industry

Some of the market’s key players include Deoleo, S.A, Del Monte Foods, Unilever Group, Semapa, Bunge Limited, which continuously research. Players in the Olive Oil Market adopt many essential strategies. For instance, in 2020, Deoleo, the world’s leading olive oil producer with brands such as Bertolli extra virgin olive oil, leads in biodiversity.

Renub Research latest Report “Europe Olive Oil Market By Volume analysis (Production (Spain , Italy, Greece, Portugal, Others) Consumption , Import, Export) By Type (Extra Virgin Oil, Virgin Oil, Other (Lampante, Pomace, etc) By Industry (Pharmaceuticals, Cosmetics, Cooking, Others) By End User (Food Service, Food Processing, Retail) By Company Analysis (Deoleo, S.A, Del Monte Foods, Unilever Group, Semapa, Bunge Limited)” studies the European Olive Oil Industry.

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Europe Olive Oil Volume Analysis

1. Production
2. Consumption
3. Import
4. Export

Country – Olive Oil Production Volume

1. Spain
2. Italy
3. Greece
4. Portugal
5. Others

Type – Global Olive Oil Market breakup from 3 viewpoints

1. Extra Virgin Oil
2. Virgin Oil
3. Other (Lampante, Pomace, etc)

Industry – Global Olive Oil Market breakup from 4 viewpoints

1. Pharmaceuticals
2. Cosmetics
3. Cooking
4. Others

End-User – Global Olive Oil Market breakup from 3 viewpoints

1. Food Service
2. Food Processing
3. Retail

All key players have been covered from 3 viewpoints

• Overviews
• Recent Developments
• Revenues

Company Analysis

1. Deoleo, S.A,
2. Del Monte Foods
3. Unilever Group
4. Semapa
5. Bunge Limited

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

Global Biological Organic Fertilizers Market will be US$ 3.1 Billion by 2027

The continuous decline of the earth’s natural resources and increased use of hazardous chemical fertilizers pose great concern for the future of agriculture. Biofertilizers are a promising alternative to dangerous chemical fertilizers and are gaining importance for attaining sustainable agriculture. Biological organic fertilizer refers to materials used as fertilizer that occur regularly, usually as a by-product or end product of a naturally occurring process. It is primarily derived from animal-based and plant-based mineral ores, residues and beneficial microorganisms.

Biological Organic Fertilizers Market Global Forecast 2021-2027

Furthermore, factors that drive the global biofertilizers industry include an increase in the level of nitrogen and phosphorus available to plants more naturally than other fertilizers and soil improvement by restoring its normal fertility. In addition, biofertilizers boost quality and soil texture, which helps plants grow better during severe conditions, such as drought. Moreover, biofertilizers are affordable and easy-to-use options for manufactured petrochemical products. According to Renub Research, Global Biological Organic Fertilizers Market will be US$ 3.1 Billion by 2027.

Based on Product Type, the Biological Organic Fertilizer Market Includes Microorganisms and Organic Residues

Microorganisms are commonly used as biofertilizers, including nitrogen-fixing and phosphate-solubilizing; the microorganisms present restore their nutrient cycle and enhance the soil’s health. Most soils are deficient in phosphorus, an essential macronutrient apart from microorganisms such as azobacter, rhizobium, azospirillium and others. Rhizobium inoculant is used for leguminous crops. Azotobacter can be used with wheat, maize, mustard, cotton, potato and other vegetable crops.

By Application, Seeds Treatment holds the lion’s Market Share

The selected strains of useful soil microorganisms used for seed treatment, soil treatment and root dripping or soil application are particularly gaining popularity among the farming communities. As per our research report, Worldwide Bio Organic Fertilizer Market Size will grow with a double-digit CAGR of 12.03% during (2020-2027).

Regional Analysis: Asia-Pacific is emerging as a huge market for Biological Organic Fertilizers

Worldwide, Asia-Pacific and Europe are the largest markets, followed by North America. The consumption of organic fertilizers in Asia-Pacific is increase with rising awareness among the farmers about the benefits of bio-based and organic residue-based fertilizers. The regional demand is concentrated among major agriculture-based countries like China, India and Vietnam, while China and India are leading the industry developments.

In addition, the Asia-Pacific region is majorly influenced by the Chinese market. China’s Ministry of Agriculture issued a pilot plan for fertilizer replacement in around 100 districts of China, which aimed to reduce chemical use fertilizer by at least 20% in 2020. At present, the number of organic fertilizer manufacturers has been rising each year. Some more prominent fertilizer manufacturers have also stepped into the industry. As per our research findings, Biological Organic Fertilizer Industry was US$ 1.4 Billion in 2020.

Impact of COVID-19 on Biological Organic Fertilizer Market

The COVID-19 pandemic has impacted the biological organic fertilizer industry, resulting in the slow growth of the market during the forecast period. Effective policies from the government and the implementation of reasonable practices can help companies gain profits post the immediate effects of the pandemic.

The Biological Organic Fertilizers market is highly consolidated with key players

National Fertilizers, Madras Fertilizers, Seek Biotechnology Co. Ltd, Coromandel International, Nagarujuna fertilizers and Chemicals Ltd are some of the key market players in the biofertilizer market.

Renub Research latest report “Biological Organic Fertilizers Market by Type (Nitrogen Fixing, Phosphate Solubilizing and Others), Application (seed treatment, soil treatment and root dripping), Product type(Microorganism – Azospirillum, Cyanobacteria, Phospate-Solublizing Bacteria, Azolla ,Aulosira, Rhizobium, Azotobacter, Other Organic Residues – Farm Yard Manure, Crop Residue, Green Manure, Other Products), Crop type (Cereals, Pulses & Oilseeds, Fruit & Vegetables, Others), Region (North America, Europe, Asia- Pacific, South America and Middle East & Africa), Company Analysis (National Fertilizers, Madras Fertilizers, Seek Biotechnology Co. Ltd, Coromandel International, Nagarujuna fertilizers and Chemicals Ltd)” provides complete details on Biological Organic Fertilizers Industry.

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Type – Biological Organic Fertilizers Market has covered from 3 viewpoints:

1.    Nitrogen Fixing

2.    Phosphate Solubilizing

3.    Others

Mode of Application – Biological Organic Fertilizers Market has covered from 3 viewpoints:

1.    Seed Treatment

2.    Soil Treatment

3.    Root Dripping

Product Type – Biological Organic Fertilizers Market has covered from 2 Segments and its Sub-segments

Microorganism

1.    Azospirillum

2.    Cyanobacteria

3.    Phospate-Solublizing Bacteria

4.    Azolla

5.    Aulosira

6.    Rhizobium

7.    Azotobacter

8.    Other

Organic Residues

1.    Farm Yard Manure

2.    Crop Residue

3.    Green Manure

4.    Other Products

Crop Type – Biological Organic Fertilizers Market has covered from 4 viewpoints:

1.    Cereals

2.    Pulses & Oilseeds

3.    Fruit & Vegetables

4.    Others

Region – Biological Organic Fertilizers Market has covered from 5 viewpoints:

1.    Europe

2.    Asia-Pacific

3.    North America

4.    South America

5.    Middle East & Africa

All key players have been covered from 3 viewpoints

•    Overview

•    Recent Developments

•    Financial Insights

Company Analysis

1.    National Fertilizers

2.    Madras Fertilizers

3.    Seek Biotechnology Co. Ltd

4.    Coromandel International

5.    Nagarujuna fertilizers 

6.    Chemicals 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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Global Fertilizers Market will be USD 93.9 Billion by 2027

According to the latest report by Renub Research, titled “Global Fertilizer Market by Segments, Region, Company Analysis & Forecast” As per Renub Research findings, Global Fertilizers Market will reach US$ 93.9 Billion by 2027. The global fertilizer industry has played a pivotal support role in the global agricultural sector. The growth in the use of chemical fertilizers amongst the farmers has been the source of nationwide agrarian development in many countries. Further, the fertilizers industry is distributed worldwide between three major sectors: private sector undertakings, public sector, and cooperative societies. The governments of numerous nations have also subsidized fertilizers to ensure that fertilizers are readily available to farmers and the countries remain self-sufficient in agriculture.

Additionally, an increase in agricultural product prices has led to increasing demand for fertilizers globally. Correspondingly, fertilizer raw materials such as natural gas, phosphate rock and potash faced rapidly growing realm market prices. Hence, the enduring trend has been the shift in consumption. Overall, the global fertilizer market comprises three primary nutrients, which all have essential and complementary roles in the ecological processes of plants. Amongst the three, nitrogen is the most crucial nutrient in the world. The other two primary nutrients hold phosphorus and potassium.

While nitrogen fertilizers are manufactured undeviatingly via chemical processes, the production of phosphate and potash fertilizers involves digesting and mining activities. Two critical raw materials for nitrogen fertilizers are natural gas, widely obtainable in multiple parts of the world, and air. Still, all nitrogen fertilizers are contrived from ammonia, processed directly from natural gas. The availability of raw materials advances the manufacture of ammonia, and thus nitrogen fertilizers are possible in various locations.

In addition, the global phosphorus fertilizer consumption includes phosphoric acid-based fertilizers and non-phosphoric acid-based fertilizers. The non-phosphoric acid-based fertilizers include phosphate in nitric acid-based fertilizers and superphosphate. The demand for phosphorus fertilizers has been increasing due to the growing population and rising food demand. Increasing milk and meat consumption has necessitated a large feed volume that has increased the demand for maximum forage production.

On the other hand, potassium fertilizers are generally applied on vegetables, rice, sugar, fruits, soybean, palm oil, and cotton owing to their capability to enhance crop productivity, crop yield, increase nutrient value, and resistance from diseases and harmful parasites. The rise in cattle feed consumption and increasing purchasing power worldwide are expected to contribute to potassium fertilizer market growth. Our research suggests that Worldwide Fertilizer Market was US$ 83.5 Billion in 2020, and it is estimated to grow with a CAGR of 1.69% during the forecast period (2020-2027).

Fertilizer Consumption Increased rapidly, especially in China and India

Remarkably, fertilizer consumption has remained constant in Western Europe and North America but increased rapidly, especially in China and India. It is anticipated that the increase in world fertilizer consumption will soon come from East Asia, South Asia, and Latin America shortly. These changes in demand patterns significantly influence fertilizer trade flows, firms’ investment decisions and thus, regional and global competition.

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The Indian fertilizer market is mainly dependent on imports from various countries, especially potash fertilizers in South Asia. There is a deficit of raw materials in the country, and the consequent dependency on imports leads to volatile prices in the fertilizer industry. However, the new policies will help in stabilizing the raw material prices during the coming years.

Moreover, variations in crop soil and climate conditions in different regions are not effective on some crops or soils, resulting in less demand. It is expected that Potassium demand would grow most rapidly, owing to promising prospects in China, India, Brazil and Indonesia, and a rebound in Belarus. Phosphorus demand would expand more moderately, as drops in Turkey, Pakistan, and Germany partly offset increases elsewhere.

Companies Performance

The Global Fertilizers Market is fragmented, with the top international players like The Mosaic Company, Yara International, Nutrien Limited, CF Industries Holdings, Inc and K+S Group capturing the overall market. Our analysis suggests that companies studied now better compete with the giants in the fertilizer market. Intense global competition also forces large firms to examine their business practices and evaluate how to meet the global challenges in the industry.

Notwithstanding, the biggest challenges can compete with the world’s leading fertilizer companies in terms of profitability and growth. As per our analysis, it can be concluded that the top firms are also hard-pressed to become more efficient in this profoundly competitive industry. Hence, in the coming years, the changing consumption patterns of fertilizers open opportunities for structural changes in the markets.

COVID-19-related Interruption to Global Production and Supply Chains remains the most prominent risk:

During 2020, COVID-19 led to sharp, short-term price rises in the fertilizers market at the farm gate. However, rural demand and needs have been buoyed and promising despite the coronavirus pandemic and macroeconomic uncertainty. This has translated into improving the underlying macros for the global fertilizer industry.

For instance, agricultural operations in India have been well-placed and have grown backed by a bumper Rabi harvest and good monsoon during the Kharif season. Additionally, with the forecast of normal monsoons and the COVID vaccination program’s rollout, the global market expects the economic activities to normalize during FY22. From that standpoint, the consumption and the growth in demand for fertilizers are currently set to continue.

Market Summary:

Segment– We have covered market &volume of the following fertilizers like Ammonia, Phosphorus and Potassium.

Ammonia Fertilizer – This report studies the market &volume by region of Africa, Americas (North America and Latin America), Asia (West Asia, South Asia and East Asia), Europe (Central Europe, West Europe and Rest of Europe) and Oceania.

Phosphorus Fertilizer – This report covers the market &volume by region of Africa, Americas (North America and Latin America), Asia (West Asia, South Asia and East Asia), Europe (Central Europe, West Europe and Rest of Europe) and Oceania.

Potassium Fertilizer – This report covers the market &volume by region of Africa, Americas (North America and Latin America), Asia (West Asia, South Asia and East Asia), Europe (Central Europe, West Europe and Rest of Europe) and Oceania.

Key Players – We have studied the company by overviews, recent developments and revenue of the following companies The Mosaic Company, Yara International, Nutrien Limited, CF Industries Holdings, Inc and K+S 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 clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD 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 Smart Lock Market will be USD 4.4 Billion by 2027

According to the latest report by Renub Research, titled “Smart Lock Market Global Forecast by Type, Technology, Application, Regions, & Company Analysis” Smart Lock Market will be to USD 4.4 Billion by 2027. Smart locks that enable advanced security features have become increasingly popular in the past few years, owing to enhancing safety and security concerns across the globe. A smart lock is an electromechanical locking device that enables users in various industries to remotely access and unlocks the lock to enter the premises. It is accessed by connecting it to smartphones and other smart devices through communication technologies like Bluetooth Li-Fi and Wi-Fi.

The increasing adoption of intelligent home architecture, with the advent of technologies such as Machine Learning (ML) and rising Internet of Things (IoT) penetration, along with and Artificial Intelligence (AI), is expected to accelerate the mass appropriation of smart locks. Increasing usage of smartphone and other connected devices is a driver for the growth of the smart lock market. Today, many new innovations are aiming to make homes smarter and the everyday life easier, now achievable due to the advanced data analytics and the emergence of artificial intelligence. 

Furthermore, smart lock technology plays a vital role in various applications, like residential, hospitality, enterprise, critical infra and others. Smart lock provides monitoring features such as access notifications through e-mail, SMS and video camera with recording abilities to provide visuals of the person at the door. They also have features such as automatically lock a door and auto-locking options for perimeter auto-locking and unlocked for a specific period that automatically locks the door if the user’s smartphone is outside the designated perimeter.

It offers the best security against burglary or break-in with built-in features such as one-touch locking, low battery warning, and customizable user codes into their portfolio and attracting a vast user base. Additionally, Smart lever handles are being extensively used in the hospitality sector to fulfill the security requirements of tourists. They possess more accessible locking/unlocking procedures than their counterparts due to the push-down style handle instead of a knob, which requires grasping and turning.

The COVID-19 Impact on the Smart Lock Industry

The smart locks have gained significant traction during the COVID-19. The industry is witnessing numerous opportunities during the ongoing pandemic since the locking/unlocking procedures are carried out using smartphones / smart gadgets and voice recognition, thereby reducing the need to physically touch the devices. Thus smart lock is gaining the upper hand during these challenging times.

Smart Lock adoption rate is high in North America

Adopting innovative technology in North America remains high due to the increasing adoption of smart homes and the demand for security concerns. According to the FBI, there were 1.4 Million burglaries and break-ins in 2017, with similar numbers in the following years. Rising concerns regarding safety and security among consumers are in countries in the region due to the demand for smart lock solutions. WI-FI-enabled locking systems are accepted in the US population as they offer several advantages, including convenience.

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Moreover, in the Asia Pacific, Smart city initiatives by governments in developing countries like China, Japan, and India continue to adopt smart lock in commercial, residential, and government buildings under smart city projects. Smart door locks and AI or IoT technologies are gradually emerging as the next big trend for security systems in the region. 

Companies Launching Innovating Features of Smart Locks

For Instance January 2020, Assa Abloy AB announced the launch of the Wi-Fi Smart Lock, which sports a brand-new compact design and built-in Wi-Fi connection. The device comes in the size of a standard doorknob and is 45% smaller in volume and 20% slimmer than the August Smart Lock Pro. The current built-in Wi-Fi feature eliminates the necessary to pair it with an external bridge.

Key industry players such as Allegion Plc, Assa Abloy AB, Midea Group, and Samsung are focusing on developing advanced techniques and offering commercially viable products, including doors, remote locking/unlocking of entrances and windows.

Report Summary

Types – We have covered smart lock breakup by 4 by Types (Deadbolt, Lever Handles, Padlock, Others)

Technology – This report covers the worldwide smart lock technology market by 2 segments (Bluetooth and Wi-Fi)

Application – This report covers the Application in the 5 segments (residential, hospitality, enterprise, critical infra and others)

Regions – Our Report covers global smart lock breakup by 4 Regions (North America, Europe, Asia- Pacifica, Rest of World)

All the key players have been covered from 3 Viewpoints (Overview, Recent Development, Revenue Analysis) Plc, Assa Abloy AB, Midea Group, and Samsung

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