Global Chicken Meat Market is expected to expand with a nominal CAGR of 0.96% during 2021-2027

According to Renub Research report titled, “Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” The Worldwide Chicken Market Size was USD 196.02 Billion. The chicken market has increased, consolidation, and globalized in multiple countries of all income levels, mainly owing to strong demand. The major producers are likely to achieve significant advances, with the United States, Brazil, and China leading the way. Globally, the chicken industry is most dynamic and adaptable in the worldwide livestock market. Furthermore, the chicken, which was formerly considered a unique treat, is today the most devoured animal on the planet. The chicken meat industry plays a vital role in nutrition and is the fastest-growing agricultural sub-sector, particularly in emerging countries.

Global Chicken Market to Reach USD 207.67 Billion by 2027

The Chicken Market will grow at a nominal growth rate:

The chicken industry is one of the most competitive markets in the world, and it is presently mature. Besides, consumer awareness of animal-rich protein has increased significantly in the last few years. Moreover, chicken meat is becoming increasingly popular among people in both developed and developing countries, and it is expected that this trend will continue in the future years. As a result, the market has been growing nominally with considerable growth rates over the last few years, anticipating to increase significantly in the forecast period, i.e., 2021-2027. Furthermore, many companies are generating clean meat in laboratories employing cell technology, which avoids the use of animal slaughter. As per our analysis, during 2021-2027, the Global Chicken Market market is predicted to grow at a CAGR of 0.96%.

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China, the United States, and Brazil are the Largest Producers of Chicken:

Over the period of time, global chicken production has seen upsurge records in various countries such as European Union, Russia, China, Brazil, India, Argentina, Turkey, Columbia, Mexico, Thailand, and the United States. As per our report, the United States, Brazil, China are the leading chicken producers worldwide. Several companies and manufacturers worldwide have taken steps to introduce cell-based chicken meat, which is gaining popularity in the market. For instance, as published on March 1, 2021, in CNBC, Eat Just, a multibillion-dollar company, is selling lab-grown chicken worldwide. Aside from that, the nutritional benefits of chicken meat products are well-known around the world.

China, Thailand, and the European Union have Significant Consumption Markets:

In our report, we have analyzed the consumption market of chicken in Brazil, China, the European Union, India, Russia, Mexico, Thailand, Argentina, Columbia, Turkey, and the United States. Remarkably, the United States, China, and Brazil are the leading chicken-consuming countries in the world. Moreover, we have accessed that China had the most impressive consumption growth rate in terms of poultry consumption per capita among the leading consumer countries. In contrast, other global leaders’ poultry consumption per capita grew considerably slower.

Importing and Exporting Countries of the Chicken:

We have covered Mexico, Japan, China, European Union, Saudi Arabia, United Arab Emirates, South Africa, Iraq, the Philippines, and United Kingdom. As per our analysis, Japan, Mexico, and United Kingdom are the major importing countries. Further based on our report, we have analyzed the export market of the European Union, Brazil, Ukraine, Thailand, China, Turkey, Belarus, Argentina, Russia, and the United States. Remarkably, Brazil, the United States, and European Union are the leading exporters.

Key Players

Our report includes JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, WH group, Hormel Foods Corporation, Muyuan Foods, among the key market players. Further, our analysis includes a business overview, sales analysis, and recent development of the companies.

COVID-19 Impact on the Global Chicken Industry

During the pandemic, chicken sales in the first few months were regularly declining as rumors spread that COVID-19 could be transmitted through meat consumption. However, as per our analysis, the chicken market will rebound in the forecast period, i.e., 2021-2027. Production and transportation disruptions, dwindling consumer demand, and fluctuating markets wreaked havoc on farm finances, forcing many to close permanently. The distribution of chicken and poultry products was hampered by market risks such as value chain fragmentation, high intermediation costs, and no or limited traceability. Hence, the global chicken market saw a negative impact during the pandemic.

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

Market Summary:

  • Production: We have covered chicken production in China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Columbia, United States.
  • Consumption: Our report includes China, Brazil, the European Union, Russia, Mexico, South Africa, Japan, Argentina, the United Kingdom, Thailand, and the United States as consuming countries of the global chicken market.
  • Import: In our report, we have covered Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, South Africa, the Philippines, and United Kingdom as importing countries.
  • Export: We have covered chicken export in Brazil, European Union, Thailand, Ukraine, China, Turkey, Belarus, Russia, Argentina, and the United States.
  • Key Players: Our report includes companies like JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, Hormel Foods Corporation, WH group Muyuan Foods as key market players in the global chicken industry.

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 Battery Market to Grow with a CAGR of 9.2% from 2022-2027

As per the latest report by Renub Research titled “Battery Market by Transport, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Battery Market by Transport Size will reach USD 158.41 Billion by 2027. A transportation battery is an electric battery utilized in all-electric vehicles. Transportation batteries rely solely on the chemical energy stored in rechargeable battery packs and do not need a secondary source of propulsion (internal combustion engine, hydrogen fuel cell, and others). The development and commercialization of energy storage technology will significantly impact the power system; because of rapid growth and expansion from small scale towards large scale. It has been durable for more than ten years. Transportation batteries have a wide range of applications like electric trucks, electric vans, rail, electric buses, electric cars, electric motorcycles, scooters, and rickshaws.

Worldwide Battery Market Size by Transport was valued at USD 86.24 Billion in 2021

Notwithstanding, the growing integration of electronics and the rising demand for transportation are the driving factors for the transportation battery industry. Likewise, fuel savings & government incentives for cleaner transportation are essential factors that can boost the growth of the transportation battery market. Furthermore, the introduction and innovation of new hybrid & electric automotive models from OEMs are anticipated to capture the transportation battery market, serving as a stepping stone for market growth.

COVID-19 Impact on Battery Market by Transport

During the pandemic, lithium cell manufacturing plants were temporarily stopped, resulting in a lithium supply shortage in various industries, negatively affecting the transportation battery market. Similarly, the cost of lithium hydroxide, which is utilized in Electric Vehicles (EVs), has grown due to the impact of COVID-19, which has resulted in logistical problems and a rise in the production price as a result of the outbreak. Trade restrictions imposed by the COVID-19 pandemic hindered the supply chain of components such as cobalt and lithium, which are necessary for the manufacturers affecting the transportation battery market growth.

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The Lead-Acid Battery is anticipated to have Significant Growth

Based on Battery Type, transportation battery includes Lithium-ion Based, Lead-acid Based, Nickel-Based, Sodium-ion, and others. The lead-acid battery is rising significantly worldwide. Some of the aspects that surge the need for lead-acid batteries are increase in renewable energy production, developing SLI applications in the automotive industry, and increased demand for energy storage devices. Lead-acid batteries are widely used in the transportation industry, as countries embrace electric vehicles to reduce carbon emissions. The need for lead-acid batteries in the transportation industry is developing rapidly, as emerging economies’ governments support environmentally friendly modes of transport and clean energy.

Besides, the market for lithium-ion batteries is expected to observe the fastest growth during the coming year. A lithium-ion battery is equipped for automotive, consumer electronics, energy storage systems, industrial, and others that demand high-energy density solutions such as electric automobiles and hybrid. Further, to increase vehicle economies, manufacturers are continuously focusing on reducing the price of the battery, driving the market growth globally.

Automotive Battery is the largest segment in Battery Market by Transport

On the basis of Vehicle Type, transportation battery segmented into Automotive Battery, E-bikes, Marine, Forklift. The automotive battery is anticipated to witness steady growth during the forecast period due to the growing preference of end-users for zero-emission hybrid and electric vehicles, owing to the falling battery price, decreasing crude oil reserves, and environmental effects of conventional automobiles. In accumulation to this, a rises in the global battery production capacity has enabled achieve economies of scale in the automotive battery market, which is another primary driver for market growth.

Furthermore, an automotive battery is a rechargeable battery, and it supplies electrical current to a motor vehicle. The batteries are mainly utilized for lighting, powering starting, and ignition of a vehicle. Apart from this, automotive battery is also used to provide power to automobile accessories such as music players, air conditioners, radio, wipers, and charging plugs.

Asia-Pacific to Witness Considerable Growth

Geographically, the Asia Pacific is the biggest automotive battery market, followed by the Americas, Europe, and the Middle East and Africa. The growth rate is largest in the Asia Pacific and is anticipated to be even higher during the forecasted period. Such an increased growth rate is attributed to the emergence of China as a international hub for the automobile industry and rising demands for vehicles from some of the other Asian countries such as Indonesia, Malaysia, India, Thailand and the Philippines.

On the other hand, India and China are to be adequate investment hotspots for battery companies in the coming years, based on policy-level support from the respective governments boosting the manufacturing sector. The deployment of electric vehicles and the building of renewable power plants in China and India are growing rapidly, fostering massive demand for batteries.

Competitive Outlook

The major players in the transportation battery market consist of GS Yuasa Corporation, Johnsons Controls Inc, BYD Company Ltd., Samsung SDI Company Limited, Exide Technologies. The companies are tying up with car companies to increase their market share.

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

Market Summary:

  • Battery Type – Renub Research Report covers by Battery Type in the 5 viewpoints (Lithium-ion Based, Lead-acid Based, Nickel-Based, Sodium-ion and others)
  • Vehicle Type – We have covered Battery Market by Transport breakup by 4 viewpoints by Vehicle Type (Automotive Battery, E-bikes, Marine and Forklift)
  • Region – Our Report have covered Battery Market by Transport breakup by 4 viewpoints by Region (Americas, Asia-Pacific, Europe and Middle East and Africa)
  • All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) GS Yuasa Corporation, Johnsons Controls Inc, BYD Company Ltd., Samsung SDI Company Limited, Exide Technologies.

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

Worldwide Online Education Industry is expected to grow with a double-digit CAGR of 13.8% during 2021 -2027

As per the latest report by Renub Research titled “Online Education Market, Size, Global Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Global Online Education Market Size was USD 585.48 Billion in 2027. Recently, online education has become an essential part of the modern education system. Online education is an electronically supported learning framework, which depends on the internet for cooperation and appropriation of study material among understudies and instructors. Many drivers drive the Online Education Market. It offers both the students and teachers an efficient way to transfer knowledge by the mode of videos, PDFs, podcasts, etc., which are beyond the scope of paper and pen. It also offers accessibility of time and place, which helps the schools and other educational universities access, many other students.

Online education platforms are more affordable than general pen and paper models and are easy on the environment. Nonetheless, developing interest to decrease the expense of instruction, expanding government drives supporting online schooling, and growing infiltration of cell phones and the internet are the variables adding to the growth of the online education market. Similarly, the market growth is anticipated to be facilitated, attributing to the expanding interest for versatile and adaptive learning and the emergence of an AI-enabled e-learning solution.

COVID-19 Impact on Online Education Market

With the rise of the COVID-19 cases, all colleges, schools, and other learning institutes were closed due to the lockdown implemented to avoid the spread of the coronavirus. This fuled the growth of online education platforms as academic institutes embraced e-learning mediums to provide training and education for individuals during the COVID-19 executed lockdowns. In 2020, according to UNESCO (United Nations Educational, Scientific and Cultural Organization), over 1.2 billion students in 186 countries were impacted by school closures due to the COVID-19 pandemic. Countries that are worst smacked by the coronavirus have seen unprecedented growth in distance education enrollments.

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Academic Institutions hold a Significant Market Share

On the basis of user’s type, the online education market is segmented into government, academic and corporate. With the rising number of students in academic organizations and the regular need to upskill and provide industry-relevant training to the staff, academic institutions and corporations need to develop options that allow individuals to learn anytime from anywhere. Increased effectiveness of animated learning and flexibility in learning are other factors contributing to academic institutions’ growth of online education. Lack of competent staff in various colleges and schools across the developing nations also results in the adoption of online schooling by the students. Support and government funds are other primary drivers for academic institutions’ growth of online education.

Online Mobile e-learning is the Fastest-Growing Technology Segment

By technology, online e-learning delivers knowledge to students through electronic modes such as audio, e-books, videos, AR/VR, or any other electronic method. Online e-learning technology provides various benefits to the students, including low cost of education and specialized course learning. Additionally, online e-learning has become an integral part of the majority of institutions as it enhances the performance of employees. For instance, according to IBM statistics, e-learning can increase productivity by 50% by using online e-learning software to provide employees with an amazing opportunity to engage in their training courses at any suitable time. Apart from this, mobile e-learning is the fastest-growing technology segment due to increasing income levels, and then those dollars flowing into mobile sales in the developing countries have propelled the growth rate and growth prospects for mobile e-learning.

North America & Asia Pacific Online Education Market would Witness Market Growth

Online education in Asia Pacific has glimpsed an enhanced acceptance over a few years. It is an integral part of the colleges, schools, and even offices across Asia. One of the advantages of online education is that this kind of education model is efficiently scalable. The government is also allowing the universities to deliver fully online degrees, a change that could reshape the education industry in the country like India and China. Besides, the availability of high-speed internet and the advent of the 5G network in Asia-Pacific are delivering lucrative opportunities for market players to adopt innovative technologies.

Over the years, the increased penetration of the internet and the availability of low-cost smartphones has raised the number of online users in India. This has created a surge in demand for online education like K-12 education, vocational training, higher education in rural and urban areas. Similarly, the government in India is undertaking various digital initiatives such as ePathshala, which provides educational web resources for students, parents, teachers, researchers, and educators. Key players operating in the market include Coursera, Instructure Inc., Byju’s, Adobe Inc., and Alphabet Inc.

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

Market Summary:

User Type – We have covered Global Online Education Market breakup by 3 viewpoints by- User Type (Academic (Higher Education, Vocational Training, K-12 Education and Others), Corporate (Large Enterprise and SMBs and Government)

Provider – Renub Research Report covers by provider in the 2 viewpoints (Services and Content)

Technology – Our Report has covered Global Online Education Market breakup by 6 Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom and Others)

Region – This Report covers by Region in the 5 viewpoints (North America (United States and Canada), Europe (United Kingdom, Germany, France, Italy, Spain and Russia), Asia-Pacific (China, India, Japan, South Korea, Singapore and Australia), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Middle East & Africa)

All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Coursera, Instructure Inc., Byju’s, Adobe Inc. and Alphabet Inc.

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

Worldwide Bioplastics Industry will expand with a CAGR of 6.7% during 2021-2027

As per the latest report by Renub Research titled “Bioplastic Market, Size, Global Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Global Bioplastic Market Size was USD 6.7 Billion in 2021. Bioplastic is recognized as a very positive and essential innovation in the plastics and chemicals industry. Bioplastic is materials emanated from renewable sources that can reduce plastic waste generation on the planet. It can reduce 30-70% of carbon dioxide emissions. It represents an approximately 42% reduction of carbon footprints. The production of bioplastic requires 65% less energy than conventional petroleum plastic. These bio-based plastics are generally sourced from renewable biomass sources, including vegetable fats, natural sugars, cellulose, plant starch, and waste oils.

Global Bioplastics Market to Reach USD 9.9 Billion by 2027

Over the short term, significant factors driving the market studied are environmental factors promoting a paradigm shift and increasing demand for bioplastics in flexible packaging. The ecological dilemma caused by reaching high levels of greenhouse gas emissions in the atmosphere is one of the main drivers for the bioplastic industry, as bioplastic help to reduce the dependency on fossil resources, reduce greenhouse gas (GHG) emissions, and increase resource efficiency.

COVID-19 Impact on Bioplastics Growth Trends

The bioplastic market was positively impacted by COVID-19. Amid the lockdown situation, the demand for flexible packaging has increased, owing to the rise in demand for food, pharma, and PPE packaging personal and healthcare products. However, sustainable plastics can be an excellent alternative to conventional plastics, thus delivering an alternative growth pathway to the bioplastic industry in the wake of the COVID -19 pandemic.

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Non-biodegradable Plastics Polyethylene Terephthalate (PET) Segment led the Market

Non-biodegradable bioplastic are further categorized into Polyethylene (P.E.), Polyethylene terephthalate (PET), Polyamide (P.A.), Polypropylene (P.P.), Poly(trimethylene terephthalate) (PTT) and Others. Polyethylene terephthalate is an ideal choice for use in various industries such as automotive, electronics, and textiles due to its features. Polyethylene terephthalate, commonly known as PET, is a lightweight, non-toxic, safe, and flexible material that can be reused and recycled efficiently. It can also be processed 3 to 4 times without impacting its chemical properties. Meanwhile, polyethylene terephthalate offers unique physical properties, such as it is shatterproof and non-reactive to food and water, so it is widely utilized in flexible packaging applications. The growing technological advances and innovations in packaging applications, mainly through weight reduction, will positively influence market growth.

Packaging Application is anticipated to Exhibit Rapid Growth

The adoption of bioplastic has increased tremendously across various applications like packaging, agriculture, consumer goods, textile, automotive and transportation, and building and construction, owing to the advanced technical properties and functionalities. Bio-based plastics have found traction in packaging applications due to shipping companies seeking sustainable sturdy packaging products. The packaging segment is further divided into jars, trays, bottles & and others, while flexible packaging is further categorized into shopping/waste, pouches, bags, etc. Moreover, most packaging products are nowadays produced from traditional plastics and end up in landfills, which is a situation that various governments intend to address.

Regionally, North America accounted for the Largest Bioplastics Market

North America’s bioplastics market is majorly caused by the growing demand from the packaging industry in countries like Canada, U.S., and Mexico. Rising environmental concerns and a global attempt to decrease pollution are propelling the demand for biodegradable plastics in the packaging sector across the region. In addition, increasing COVID-19 cases in the U.S. results in a raised demand for generic drugs and medical devices, this boosts the demand for bioplastics in the medical packaging sector, positively impacting the market growth.

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

Similarly, Asia Pacific is likely to have a considerable market due to the availability of skilled labor at a low cost. Further, easy land availability for manufacturing industries drives the regional market. The transformation in the production landscape of biodegradable plastics toward emerging economies, particularly China and India, is to influence bioplastics market growth positively. The bioplastics market is fragmented into key players like Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (U.K.), Green Dot Bioplastics.

Market Summary:

Material Type – We have covered Bioplastics Market breakup by 2 viewpoints by- Material Type (Biodegradable (Polybutylene adipate Terephthalate (PBAT),Polybutylene Succinate (PBS),Polylactic Acid (PLA),Polyhydroxyalkanoate (PHA),Starch Blends and Others), Non Biodegradable (Polyethylene (PE),Polyethylene terephthalate (PET),Polyamide (PA), Polypropylene (PP,Polytrimethylene terephthalate) ( PTT) and Others))

Application – Renub Research Report covers by application in the 6 viewpoints (Packaging, Agriculture, Consumer Goods, Textile, Automotive and Transportation, And Building and Construction)

Region – Our Report has covered Bioplastics Market breakup by 4 Region (North America, Europe, Asia Pacific and Rest of the Word)

All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (U.K.), Green Dot Bioplastics.

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

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

According to Renub Research report, tittled “Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Biodegradable Plastics Market was USD 4.3 Billion in 2021. In the wake of plastic pollution increasing worldwide, biodegradable plastics are one of the fastest-growing segments within the global plastics industry. Nevertheless, Bioplastic is a sustainable material derived from renewable feedstocks, and is an alternative to petroleum-based plastics. It can reduce 30-70% of carbon dioxide emissions. It represents 42% reduction of carbon footprints. The production of bioplastic requires 65% less energy than conventional petroleum plastic.

Global Biodegradable Plastics Market to Reach USD 7.1 Billion by 2027


How Covid-19 Helped the Biodegradable Plastics Industry to Grow

The global biodegradable plastics industry witnessed a positive impact owing to the novel coronavirus lockdown globally. The number of medical items like sanitizer bottles, face masks, and gloves increased, creating huge plastic waste. This aspect has made a massive opportunity for biodegradable plastics to produce personal protective equipment and sanitizer bottles. Prominent industry leaders adopt different growth strategies like a geographical expansion to increase their capacity and productivity.


Global Biodegradable plastics Resin Market Drivers:

Worldwide, the increasing environmental concerns about plastic usage (as plastics contain toxic pollutants that harm animals, plants, and people) are propelling the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can perform as a transportation device for invasive species that disrupt habitats. This factor above is contributing to the growth of the market.

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Thus, the stringent regulations by various governments and federal agencies to reduce plastic waste and promote biodegradable plastics usage in packaging are expanding the demand of this market. The laws related to green packaging are rising. As a result, various FMCG companies are required to adopt biodegradable packaging to yield with the standards, which is propelling the blossoming of this market.


The use of Starch blends is stimulating the biodegradable plastics industry to blossom.

Based on material type, the biodegradable plastics market is divided into Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Starch Blends. Starch blends appeared as the global leader in revenue share in the biodegradable plastic market. This is accounted to its demand in flexible packaging and the agricultural sector. Starch blends are widely used to reduce the carbon footprint of conventional resins, thus enhancing demand growth.


Furthermore, the adoption of Polylactic Acid (PLA) bioplastic has increased tremendously across packaging and consumer goods applications due to the avant technical properties and functionalities. The demand for Polylactic Acid (PLA) bioplastics has gained tremendous traction in various plastic applications due to the favorable legislations implemented by many governments around the globe.


Moreover, there is an increased demand for bioplastic packaging for wrapping organic food and premium and branded products with specific needs. A combination of recycling components from conventional plastics, such as PET with bioplastics (bio-based PET), provides high-performance processing of bioplastics packaging. Biodegradable food packaging, certified as industrially compostable, was the first successfully commercialized bioplastic product.


North America is one the Biggest Consumer in Biodegradable Plastics

Regionally, the North American region is predicted to be one of the biggest consumers of biodegradable plastics, which is majorly credited to the extensive presence of packaged food manufacturers in Canada & the United States. Being environmentally conscious and increasing the spending power of the consumers is one of the significant drivers increasing the demand of the market in the region.

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


Further, the transition to a low-carbon and circular economy, more vital policy support for the economy, and raised consumer awareness for sustainable products and packaging are compelling the expansion of the market in Europe. The use of biodegradable plastics, primarily in European countries, also increases in other niche components, such as drug delivery systematical implants.


Key Players:

The global biodegradable plastic market is highly fragmented, as the international participants are driving toward inventing new technologies to manufacture pliable packaging material from different readily available natural resources. The players’ substantial investments in research and development to create innovative products generate high competition. The key players are Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK), and Green Dot Bioplastics.


Market Summary:

  • Material Type – Renub Research Report covers by Material Type in the 6 viewpoints (Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends and Others)
  • Applications – Our Report covers by Application in the 4 viewpoints (Packaging, Agriculture, Consumer Goods and Others)
  • Regions – This Report covers Market breakup by 5 Regions (North America, Europe, Asia-Pacific’s, Latin America and Middle East & Africa)
  • All the key  players have been shielded from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and Green Dot Bioplastics

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

China Automotive Vehicle Industry is expected to grow with a CAGR of 4.10% from 2021-2030

According to Renub Research report tittled “China Automobile Market, Size, Forecast 2021-2030, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” finds that the China Automobile Market was 27.71 Million Units in 2021. China is the largest automobile industry worldwide, both in demand and supply. The automobile sector is at a crossroads owing to changing customer behavior and direction. It is one of China’s most important economic sectors by revenue. China’s automobile industry has attracted many well-established foreign brands to invest in automobile production. Owning to technical development and lower production costs, various indigenous brands of China’s leading automobile manufacturers have gained popularity in the automobile market. The rapid growth of the Chinese domestic market has also further accelerated the automobile industry in China.

China Automobile Market to Reach 39.78 Million Units by 2027


Increasing Adoption of Electric and Hybrid Vehicles, due to Government Push

Based on category, the Chinese automotive vehicles industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle, and Petrol Vehicle. With accelerated urbanization and an increase in vehicle sales, China is planning to reduce exhaust emissions from vehicles. Meanwhile, the country also plans to reduce its dependence on oil imports, promoting electric vehicles.


In Addition, some major provinces and cities are imposing more stringent restrictions. For instance, Beijing only issues 10,000 licenses to register combustion-engine vehicles per month to encourage its citizens to switch to electric vehicles. Similarly, the Government of China had lifted taxes or given a substantial tax release on the purchase of EVs. These initiatives by the Chinese government had attracted a lot of customers to purchase EVs in this country. For instance, in 2020, the China government offered a 10% service tax waiver for electric vehicles to boost the demand in the automobile market.

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


Notwithstanding, there is a massive demand for the Plug-in Hybrid Electric Vehicles (PHEVs) due to their price compromise between large cars and small cars, and it is one of the several sought-after cars, after small SUVs. This is due to their compactness, price affordability, ease of use, and family friendliness. Besides, hybrid electric vehicles (HEVs) come with various benefits like reduced operational and maintenance costs and less pollution. With technological breakthroughs, the portfolio for electric vehicles is ever-expanding, with many consumers in China; different sectors preferring to go in for fully hybrid or mild hybrid vehicles due to their being less carbon-intensive.


COVID-19 Impact on China Automobile Industry

The COVID-19 pandemic had a swift and severe impact on the China automotive industry. Several Chinese vehicle parts plants had extended their seasonal shutdowns, and the automotive component supply chain has been disrupted, with some industrial areas in lockdown. Meanwhile, travel restrictions caused by COVID-19 have interrupted automobile material supplies that rely on imports, accelerating domestic substitute exploitation and inventory improvement for critical parts.


Additionally, massive lockdowns for controlling COVID-19 have disrupted productions and operations, which tends to expel small brands from the competitive market, concentrating China’s automobile industry on the leading brands. Finally, after the pandemic, the social distancing trend challenges automobile distribution channels with dealers, pushing automakers to develop innovative online selling channels.

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


Key Players Performance

The leading Chinese automobile market is the Toyota Motor Corporation, Volkswagen, Daimler AG, Ford Motor Company, and Honda Motor Company. In 2020, Honda Motor Company, Ltd. announced its deals of all-new Honda Fit Hybrid vehicles. It is adorned with Honda’s 2-motor hybrid system, which makes the vehicle with an electric motor, which results in better fuel performance and smooth drive.


Market Summary:

  • Category – Renub Research Report covered by Product Category in the 8 viewpoints (Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle, Petrol Vehicle)
  • All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Ford Motor Company, Volkswagen, Toyota Motor Corporation, Daimler AG, and 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

Follow on Twitter: @renubresearch

South Africa E-Commerce Industry is expected to grow with a CAGR of 9.83% from 2020 to 2027

According to the report by Renub Research, titled “South Africa E-Commerce Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis” the South Africa E-Commerce Market Size was USD 4.5 Billion in 2021. Technological advances and modernization have undeniably played a critical role in the adoption of e-commerce in South Africa. It has changed the face of economic trade and is gaining a foothold in the retail industry due to a low-cost way of conducting economic activities and building global business partnerships to interchange information through interconnected networks. E-commerce is a form of computerized commerce, enabling customers to buy products or services over the internet using a browser, regardless of distance and time.


Besides, several factors contribute to impressive e-commerce growth in South Africa as it has second-largest youngest population in the world. Thus, there is potential for a massive digital audience. In addition, internet penetration has been growing due to the broad expansion of smart phones and mobile devices in common. Indeed, various digital payments are becoming more widespread in South Africa. This is undoubtedly an essential aspect of e-commerce. As per research findings in 2021, User penetration is 41.1% in 2021 and will hit 53.1% by 2025.

South Africa E-Commerce Market to Reach USD 7.9 Billion by 2027


How Covid-19 Benefited South Africa E-commerce Industry

The corona virus pandemic accelerates the development of the e-commerce market in South Africa, changes the way consumers behave and increases the importance of e-commerce even more. Indeed, consumers who stay at home and shop online to avoid the risk of infection also look more favorably on e-commerce; this has led not only to growth in industries that are already popular (clothing, electronics), but also those that were marginal until the crisis, such as e-grocery in South Africa.


Fashion & Personal Care Products Segments have High Growth Potential

Further, the top e-commerce product categories in South Africa are Toys, Hobby & DIY, Furniture, Food & Personal Care, Fashion and Electronics & Media in South Africa. Fashion is the largest retail category in South Africa. The shift toward e-commerce is a vital, palpable movement in most economies. A quarter of spending on accessories, clothing and footwear (fashion) already occurs online and its rapidly growing. Online marketplaces, like takealot.com and superbalist.com Fashion United SA, are key purchase influencers in a fashion shopper’s purchase journey in South Africa.

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


Notwithstanding, the e-commerce platform is the most popular for personal care products in South Africa.  Personal care products are commonly purchased online due to the wide range of products available on online platforms. The time-saving aspect of the medium has contributed to the rise of the online retail phenomenon. Online media helps consumers benefit by spending on skincare and increasingly associating an attractive appearance with career success and professionalism through beauty products.


South Africa E-Commerce Industry to grow with a CAGR of 9.83% from 2020 – 2027

On the basis of payment mode, alternative payment methods such as Bank transfers, Cards, Cash on Delivery (COD), Direct Delivery and E-wallet are being used by digital buyers in South African countries. E-wallets are much more common in South African compared to COD. Mostly unknown in advanced economies, E-wallet represents a revolution in other markets, making financial services accessible throughout the country, including remote rural areas. E-wallet allows customers to receive, store, and spend money using a mobile phone even without internet access.


Although, a card like credit and debit cards are popular payment methods for e-commerce payments in South Africa. It is simple to use; the customer has to enter their credit card number and date of expiry in the appropriate area on the seller’s web page. Increased security measures, such as using a card verification number (CVN), have been introduced to online credit card payments to improve the security system.

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


South Africa’s e-commerce market is highly competitive and fragmented, with key market players such as Takealot, Superbalist, Woolworths, Amazon, Mrp. These key companies focus on expansions, acquisitions, and collaborations to strengthen their South Africa e-commerce industry.


Market Summary

  • Type – Our Report covers by type Market breakup by 5 viewpoints (Toys, Hobby & DIY, Furniture, Food & Personal Care, Fashion, and Electronics & Media)
  • Payment Mode – Renub Research Report covers by Payment Mode Market breakup by 6 viewpoints (Bank transfers, Cards, COD, Direct Delivery, E-wallet and others)
  • All the key players have been covered from 2 Viewpoints (Overview, Recent Development) Takealot, Superbalist, Woolworths, Amazon, and Mrp.

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

Brazil Tire Industry is predicted to grow with a CAGR of 6.25% from 2021 to 2027

According to the report by Renub Research, titled “Brazil Tire Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis” the Brazil Tire Market Size reached US$ 6.29 Billion in 2021. Brazil is home to one of the most pre-eminent automotive markets, including tire is the significant component of a vehicle interacting with the road. In terms of annual new registrations, the characteristics of tires mainly influence the performance of a vehicle. Tires affect a vehicle’s traction, handling, ride comfort, and fuel consumption. A tire is a ring-shaped component surrounding a wheel’s rim to transfer the vehicle’s weight from the axle into the wheel to the ground and provide traction on the surface.

In addition, the sales of tires have increased significantly over the years in Brazil, owing to a rise in the various types of automotive racing competitions, which serves as a major driver for the high-performance and ultra-high-performance tires business in Brazil. As per our research findings in 2020, Brazil ranks as the sixth-largest automobile market globally, with more than 38 Million automobiles in circulation in Brazil.

Growth in Demand for 15-20 Inches Tires due to Rising Preference for SUVs & Bigger Cars

Based on distribution channels, Brazil tire industry is segmented into OEM, Aftermarket and Sales. An OEM distribution channel is used as a platform of brand loyalty exhibited by OEMs and vehicle teams, which replace tires on their cars with the same brand as initially installed. Brazil has shown a strong demand for tires due to many OEM such as BMW, Volkswagen, Ferrari, Daimler, and Renault. These OEM regularly engage in motorsports events held in the continent and showcase their modern line of innovative outputs that cater to customers’ need for cleaner, safe and cost-effective vehicles and components.

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

Notwithstanding, tires in the aftermarket are mainly attributed to the faster wear and tear of softer rubber tires required to perform at extremely high speeds vehicles, boosting the aftermarket demand for tires in Brazil. Vendors are spending in marketing to improve their visibility as brands, especially to tap the productive aftermarket of the high-performance and ultra-high-performance tire.

Moreover, rim width and tire width are two closely related sizes such for < 15 inches, 15 – 20 inches and >20 inches is usually used in vehicles. In Brazil, many cars generally comprise 15-inch tires due to the rapid increase in innovative wheels with great rim sizes. For instance, models such as Volkswagen Polo, Hyundai Avante, VW Rapid, Hyundai Accent, and others are equipped with 15 rim size tires. Thus, the 15-inch type is greatly preferred by the customers to reduce carbon emissions and save fuels.

Brazil Tire Industry is predicted to grow with a CAGR of 6.25% from 2021 to 2027

On the basis of vehicle type, the Brazil tire market includes Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicles. A commercial vehicle is rising across Brazil due to its low maintenance cost, operating cost, and more fuel-efficient than the Heavy Commercial Vehicle (HCV). As the commercial vehicles have more extended running with heavy loads, it leads to heavy wear and tear of tires. Although, there is an increasing demand for passenger cars in Brazil South and South East region due to the hallmarks of all-season passenger car tires are a comfortable ride, year-round readiness and long tread life. Explosive fuel prices and the transportation infrastructure also tend to influence to purchase of passenger cars in South and South-East regions. Further, Brazil South and South East region makes up a small global electric vehicle market slab. JAC, Jaguar and BMW,   also ranked amongst the leading electric vehicle brands in Brazil.

Covid-19 Impact on Brazil Tyre Industry:

The raging COVID-19 pandemic across Brazil has made a drastic impact on the tire industry. The sales of tires have decreased steeply owing to the prolonged lockdown and variation in the investment budget. Also, the interruption in the import and export trades and shut down of manufacturing companies have emerged in the rise of raw material prices, consequently hindering the production capacities of the tire. Thus, the deterioration in tire selling is to restrict the industry amid corona virus in Brazil.

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

Brazil’s prominent tire manufacturers include Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires. These companies produce a wide range of tires and including innovative technology, multiple benefits, high quality, all-weather reliability, and affordable tires to their consumers across Brazil. For instance, in 2020, Goodyear launched a self-recharging design to develop the life of tires and make them highly versatile to different weather conditions.

Market Summary:

Distribution Channel – We have covered by Distribution Channel in the Brazil Tire Market breakup by 3 viewpoints (OEM, Aftermarket and Sales)

Rim Size – Our Report covers by Rim Size in the Brazil Tire Market breakup by 3 viewpoints (15 inches, 15 – 20 inches and >20 inches)

Season – Renub Research Report covers by season Brazil Tire Market breakup by 3 viewpoints (summer, winter and All Season)

Vehicle – This Report covers by vehicle in the Brazil tire market breakup by 4 viewpoints (Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicle)

Region – Report covers by Region in the Brazil tire market breakup by 5 viewpoints (South East, South, North East, Mid- west, North)

All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue) Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires

About the Company:

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

Contact Us:

Renub Research

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

Email: info@renub.com

Web: https://www.renub.com

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

Follow on Twitter: @renubresearch

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

According to the report by Renub Research, titled “Europe Automotive Vehicle Market Forecast 2021-2030, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” the Europe Automotive Vehicle Market size reached a value of 15.49 Million Unites in 2020. The European automotive industry continues to be a huge success for increasingly time efficient, safer, and more affordable. The automotive vehicle industry is crucial for Europe’s prosperity. The European automobile industry has a long tradition in development and production. Among its specific attributes belong an undoubtedly high level of technology, the emphasis on safety, and greater sensitivity to the environment. The automotive vehicle industry has been one of the fastest-growing branches of the manufacturing industry over the last decade in Europe.

Europe Automotive Vehicle Market will be 21.59 Million Units by 2030

Automotive Industry is one the Biggest Employment Generator in Europe

Further, the EU is among the world’s biggest producers of motor vehicles, and the sector represents the most significant private investor in research and development (R&D). To strengthen the competitiveness of the EU automotive vehicle industry and preserve its global technological leadership, the automobile industry is supported by several factors such as the availability of robust R&D centers, skilled labor at low cost, and low-cost steel production. As per European Commission in 2021, the automotive vehicle sector grants direct and indirect jobs to 13.8 Million Europeans, representing 6.1% of total EU employment. More than 2.6 Million People operate in the direct manufacturing of motor vehicles, representing 8.5 % of EU employment in manufacturing.

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

Electric Vehicles are Future of Automotive Industry in Europe

The industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The Mild Hybrid Electric Vehicle represents a technological leap in the European automotive vehicle market. MHEVs bring higher efficiency and lower running costs to flaming engines and could therefore provide promising opportunities for suppliers, OEMs, and customers until electric power train becomes ubiquitous. Also, European consumers’ new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities.


Furthermore, the adoption of plug-in electric vehicles ((PHEV) in Europe is actively encouraged by the European Union and several national, provincial, and regional governments in Europe. Various policies have been built to accommodate direct financial support to customers, subsidies for the deployment of charging infrastructure-monetary incentives and manufacturers and long term regulations with specific targets. As per findings, Europe wills registration new plug-in hybrid electric vehicles (PHEVs) under 200,000 units in 2021.


COVID-19 Impact on European Automotive Industry

The impact of COVID-19 has been widely visible across all the automotive vehicle industries around Europe. Although some sectors are struggling due to the pandemic, the automotive vehicle industry has seen a massive fall in demand for new cars during the lockdown period, and it is also due to travel restrictions. The corona virus (COVID-19) pandemic has brought the decade of expansion in the European automotive industry to an abrupt standstill. While, there have been more job cuts behind the sector, with plants and suppliers closing down in countries where the sales are slowest to recover.


Companies Performance

In addition, the European automotive vehicle market is moderately consolidated with existing players such as Toyota Motor Volkswagen, Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. As the demand for the automotive vehicle is growing in the region, the automotive manufacturers are trying to edge over their competitors by making joint ventures, partnerships and launching new products with advanced technology. For instance, in 2021, the Volkswagen brand plans to double the share of full-electric vehicles more than will have in its European sales by 2030, in a bid to accelerate the automaker’s shift toward battery-powered cars.

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


Market Summary

By Category – Report covers by category in the European automotive vehicle market breakup by 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 and Petrol Vehicle)


All the key players have been covered from 3 (Overview, Recent Development, Revenue Analysis Viewpoints Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and 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

Global Industrial Enzymes Market to Grow with 7.34% CAGR from 2021–2017, Propelled by Rising Demand for Enzymes from the Food Industry

According to Renub Research report “Industrial Enzymes Market, Global Forecast, Impact of COVID-19, Industry Trends, Growth, Opportunity By Types, Company Analysis” the Global Industrial Enzymes Market is expected to reach US$ 17.4 Billion by 2027. Enzymes are proteins that catalyze chemical resistance. As such, enzymes have been extensively used to facilitate industrial processes and create products, and these enzymes are referenced as industrial enzymes. Industrial enzymes are also increasing since they are being used in the production of biofuel and biopolymers. Yeast and E. coli of enzyme engineering is a powerful way to obtain large amounts of enzyme for biocatalysis to replace traditional chemical processes.

Industrial Enzymes Market to Grow with 7.34% CAGR from 2021 – 2017


How COVID-19 Impact helped Enzymes Industry Growth

The COVID-19 crisis is to have a positive impact on the global industrial enzymes market. This is attributed to the increase in demand for enzymes in nutritional & immunity boosting products, a rise in consumer focus on household care, and an upsurge in in-house food consumption. Thus, the overall impact is to remain positive for key market players in the industry due to increased awareness about preventive health and dietary solutions & formulations that support immune health over the entire pandemic phase.


Factors Driving the Industrial Enzymes Market

Worldwide, the expanding environmental concerns and rise in demand for bioethanol and advancements in R&D activities are oriented to the growth of the industrial enzymes market. In addition, the development in enzyme engineering & green chemistry and the introduction of genetically engineered enzymes have increased industrial usage globally. Some of the other factors the rising need for a sustainable solution, improvement in biotechnology sectors, inclination towards protein engineering among the vast population, and introduction of probiotic products.

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


Plant-derived Enzymes have High Growth Potential

Based on type, the industrial enzymes market involves Amylases, Carbohydrases, Cellulases, Proteases, and Lipases.  Carbohydrases enzymes are utilized in various industries, including animal feed, food and beverages and pharmaceuticals. Carbohydrases are predominantly applied as an impetus for transforming carbohydrates into sugar syrup, including glucose and fructose, which are further appropriated in the pharmaceutical, food, and beverage industries. Although protease is mostly used for protein breakdown, catalytic hydrolysis of protein peptides to amino acids, detergents, chemicals, and photography, serine, aspartate, threonine, glutamic acid, cysteine, papain, and metalloproteases are the commonly found types of proteases.


Microorganisms are the Good Source of Enzymes

On the basis of source, global industrial enzymes bifurcated into microorganisms, animals and plants. Microorganisms are the primary source of enzymes due to their easy availability and low production cost—Microorganism-derived enzymes segment due to their large-scale production, the emergence of genetically engineered microorganisms, and vast applications. Notwithstanding, plants are considered a prominent source of industrial enzymes. Plant-derived enzymes possess the highest growth potential due to the emergence of advanced purification technologies that require fewer investments.


Exclusive Enzyme Products are used in Food & Beverage Industries

Industrial enzymes play a vital role in various applications like Biofuel Enzymes, Cleaning Product Enzymes, Food Enzymes, Animal Feed Enzymes, Textile Enzymes and Specialty Enzymes. Customized solutions and exclusive enzyme products are used in fruit, cheese, and vegetable processing, grain processing, fats and oils processing, protein processing, and other food processing industries, such as baking, cereal extraction, dairy, and brewing. Specialized enzyme extracts assist food and beverage producers enlarge final products’ quality, optimize resources, manufacture higher yields, decrease costs, lower environmental pollution, and reduce wastage.


Moreover, amylases are widely used to eradicate deposits of starchy food products, such as mashed potatoes, spaghetti, custards, oatmeal porridge, gravies and chocolate. Those types of enzymes are applied in laundry detergents and chlorine-free dishwashing cleansers. Additionally, lipases are mostly utilized to eliminate greasy stains, such as salad oil, frying fats, lipstick, butter, tough stains on collars and cuffs, and sauces.


North America has Prominent Share in Worldwide Enzymes Market

Geographically, North America is a prominent regional market for industrial enzymes due to the definite presence of several end-use industries, such as pharmaceuticals, food and beverage, laundry detergent, and personal care and cosmetics, along with massive scope for research & development activities in the leading countries of the region. Besides, Europe is one of the influential producers of cosmetics products, pharmaceuticals, and medicine. The presence of significant pharmaceutical and cosmetic companies in the region is to propel the demand for enzymes.


In addition, descriptive company profiles of the leading market participants, including BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLCare are focusing on adopting environmentally and modern safe technologies to customize the product, enhance its features, and differentiate the final product from its competitors.

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

  • Types- Our Report covers by type Global Industrial Enzymes Market from 5 viewpoints (Carbohydrases, Amylases, Cellulases, Proteases and Lipases)
  • Source – Renub Research Report covers by source Global Industrial Enzymes market by 3 viewpoints (Microorganism, Plant and Animal)
  • Application – This Report covered by application Global Industrial Enzymes market by 6 viewpoints (Bio fuel, Cleaning Product, Food, Animal Feed, Textile and Specialty)
  • Regions –We covered by region Global Industrial Enzymes market from 4 viewpoints (North America, Europe, Asia Pacific and Rest of the World)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Developments and Revenue) BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLCare.

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