Market Trends and Growth: June 2020

Wednesday 3 June 2020

Beer Glassware Market Worth $473.3 Million By 2025 | CAGR: 3.4%

The global Beer Glassware Market size is expected to reach USD 473.3 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.4% during the forecast period. Increasing consumption of craft beer as a result of shifting consumer preference towards flavored or low ABV beer is expected to expand the market reach. In addition, rising number of alcohol-serving restaurants, pubs, bars, and clubs in developing countries including China and India is projected to fuel the demand for various drinkware products including glasses.

Pint segment is expected to lead the market over the next few years. These traditional glasses are the most commonly used for drinking beer. Consumers prefer pints as they accommodate more alcohol and have large crowning heads. Majority of commercial places including restaurants, bars, and pubs use pints to serve beer, which is anticipated to further fuel the product demand.

The household application sector is expected to register the fastest CAGR of 4% from 2019 to 2025. Rising number of house parties coupled with popularity of drinking games among adults are anticipated to promote the product demand from the household sector in the upcoming years.

Online distribution channel segment is expected to witness the fastest CAGR of more than 4% from over the forecast period. Rapid rise in the number of smartphone users is anticipated to bode well for online shopping. Assured safety, safe transportation, and hassle-free product delivery among others are some of the major factor driving the adoption of this distribution channel.

In 2018, Europe held the largest market share of over 30% in terms of revenue. Increasing penetration of microbreweries in Germany, Poland, U.K., Netherlands, Spain, France, and Belgium, among other countries has been fueling the regional product demand. Furthermore, growing trend of home-brewing in Germany, Denmark, and Finland has been promoting the demand for beer glasses in Europe.

Key participants operating in the beer glassware market include Libbey, Inc.; Arc International; Bormioli Rocco; Corelle Brands, LLC; Oneida Group; Bayerische Glaswerke GmbH; The Boelter Companies; Shanxi Dahua Glass Industrial Co., Ltd.; Duralex USA; and Ocean Glass.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/beer-glassware-market

Further key findings from the report suggest:

Pints segment generated a revenue of more than USD 120 million in 2018owing to high convenience the product offers
Weizen glass is expected to account for 9.7% of the global revenue share by the end of 2025
Asia Pacific is expected witness the fastest CAGR of 6.2% from 2019 to 2025. Rise in working class population in emerging economies including China and India is projected to open new avenues Over the forecast period
Europe led the beer glassware market in 2018, accounting for a one-third of the global revenue share
Household application is expected expand at a CAGR of 4.0% from 2019 to 2025

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Electric Kettle Market Size Worth $21.0 Billion By 2025 | CAGR: 4.7%

The global Electric Kettle Market size is expected to reach USD 21.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% over the forecast period. Advanced features including perfect grip handle, quick heat up time, and easy light indicator of electric kettles are expected to expand the market size over the forecast period. Furthermore, demand for hot beverages is rising in developed economies including Germany and U.K. as a result of shifting consumer preference towards replicating the coffee shop culture experience in household. This, in turn, is expected to upscale the requirements of electric kettles in the coming years.

The commercial segment is estimated to be the fastest growing market with a CAGR of 5.5% from 2019 to 2025. The product is majorly used in the hotels and restaurants as it can quickly heat up the liquids and keep it warm for the next 5 to 6 hours. The tourism and hotel industries are witnessing significant growth in countries including China, Japan, Australia, and New Zealand due to favorable government policies on the establishment of new tourist destinations. This, in turn, is expected to expand the utility of electric kettles in the near future.

Stainless steel-based kettles generated a revenue of USD 7.0 billion in 2018. These types of products have the ability to keep the liquid warm for a long time. Furthermore, easy access to these products from retail stores as well as online channels is expected to remain a favorable factor for promoting the demand for stainless steel products in the near future. Plastic-based products are expected to witness high demand owing to rising product’s popularity for its lightweight and easy to carry characteristics.

Asia Pacific generated a revenue of USD 7.6 billion in 2018. High concentration of working class population, coupled with increasing consumer spending on kitchen appliances in emerging economies including China and India, is expected to remain a favorable factor for the electric kettles market growth. Furthermore, new product launches by electronics goods manufacturers including JOVEN are expected to open new avenues over the next few years.

Key industry participants include Aroma Housewares Company; Conair; Hamilton Beach Brands, Inc.; Groupe SEB; Cuisinart; Breville USA, Inc.; bonavitaworld; Chef's Choice; SUPOR; and Koninklijke Philips N.V. Product innovation is expected to remain one of the key strategies opted by the manufacturers to expand their market reach in the near future. In August 2018, Denmark-based Stelton launched cordless electric kettle under the brand name, EM77.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/electric-kettles-market

Further key findings from the report suggest:

The residential application segment generated a revenue of USD 13.2 billion in 2018
By product, plastic is expected to be the fastest growing segment with a CAGR of 5.9% from 2019 to 2025
Asia Pacific is estimated to emerge as the fastest growing electric kettle market from 2019 to 2025.

Baby Shampoo And Conditioner Market Size Worth $6.8 Billion By 2025

The global Baby Shampoo And Conditioner Market size is expected to reach USD 6.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% over the forecast period. The market growth is attributed to rising birth rate, growing expenditure on baby care products, increasing purchasing power, and rapid urbanization. Moreover, the need to remove flakes, prevent scalp infection, and combat tangle and knots in baby’s hair is a key factor driving the market.

Increasing literacy rate and growing working women ratio are increasing the awareness among the consumers to differentiate the usage of products for baby grooming. Moreover, due to rising concerns among parents over baby’s health and hygiene, manufactures are focusing on fulfilling the need and demand of the consumers.

Working women are the prime customers for the purchase of shampoos and conditioners. Softness, suitability, anti-bacterial properties, and pleasing fragrance are the factors on which manufacturers are focusing to add more value and credibility to the product. This, in turn, influences the purchasing and spending decision of the consumers.

For instance, Johnson's Head-to-Toe baby wash and shampoo is the most popular among consumers and is currently at no.1 position in hospitals in U.S. Moreover, the brand claims that it is paraben-free, phthalate-free, no more tears formula, and is as gentle as water on the baby’s eyes.

However, presence of harmful chemicals such as phthalates and formaldehyde in shampoos is acting as a restraint to the growth of the market. Innovation, regulation standards, and marketing are the challenging issues for manufacturers while launching products in the market. Affordability, easy availability, and low awareness about presence of harmful chemicals for the baby’s skin among consumers in rural areas are boosting the growth of non-organic segment.

Consumers prefer to use an organic shampoo for their kids, making sure that babies are not exposed to any kind of dangerous chemicals. This factor is positively influencing the growth of organic shampoo and conditioners. However, manufacturers are highlighting factors such as 'gentle bath'.

Most product endorsements focus on the softness of baby skin and its incompatibility with the products used on grownups. Thus, mild shampoos have become one of the sought after products and brands including Himalaya, Natural, and Mee Mee have used it to propose some of their products. These promise to keep the baby’s hair moisturized for better and healthy growth. Inclusion of specific herbs has also been appreciated by the brands. Chamomile is one such herb that is included in baby shampoo, Centaphil. The product is expected to bring soothing effects of centaphil.

Asia Pacific held the largest share of above 50.0% in 2018. It is anticipated to emerge as the fastest growing market over the forecast period. This substantial growth and enormous share can be attributed to the birth rate in the countries including China and India. According to a report by China's National Statistical Bureau, in 2016, 17.86 million infants were born, followed by 17.23 births in the year 2017. Similarly, according to the UN report released in July 2019, India's current population is 1.37 billion and by 2050, it is expected to grow by 273 million. The data showcases a consequential birth rate.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/baby-shampoo-conditioner-market

Further key findings from the report suggest:

By type, the organic segment is expected to witness the fastest growth in the forecast period owing to its health benefits and vitamin boosted products
Asia Pacific held the largest market share in 2018. It is expected to witness the fastest growth over the forecast period due to growing disposable income in developing economies such as China and India, along with increasing birth rate
Some of the key players operating in the global baby shampoo and conditioner market areJohnson & Johnson, The Himalaya Drug Company, Unilever, Burt’s Bees, Beiersdorf, and L’Oreal.

Playroom Furniture Market Report - Industry Growth, Opportunities, and Forecast

The global Playroom Furniture Market size is expected to reach USD 4.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. Shifting focus among parents towards the holistic growth of kids through fun is expected to promote the utility of playroom furniture.

The parents are becoming attentive towards giving kids a dedicated place for fun and learning together. The modern home design and layout is further fixated towards decluttering the house. Thus, the designers make it mandatory to focus on playrooms in houses where most kid related stuff can find a place.

Another trend that has been helping the playroom furniture market expansion is play dates organized among the kids. Most parents and child specialists have been focusing on helping kids in the development of their social skills. A well-furnished playroom makes it easier to invite kids to over one place and limit their fun to certain corners of the house.

The industry is expected to witness new product launches over the next few years. In January 2019, Interior Define collaborated with Monica + Andy to launch a kids line of furniture. This furniture are available in the signature pattern of Monica + Andy, which includes Peace, Palm, Blue Stripe, and Gray Stripe to cover the chairs and sofas. Each product has undergone stringent testing to ensure if they are safe for kids. These are made up of high density hypoallergic foam.

These products can be purchased through online channels as well as interior define stores in New York, San Francisco, Chicago, Boston, Los Angeles, Austin, and Texas. Kids wide chairs are available in the range of USD 500 to USD 1300. Similarly, in April 2019, Kathryn Dennis launched kids furniture that are suitable for playroom. The line comprises of 16 pieces that are available in 21 different fabrics. These products will be available in the price range from USD 600 to USD 4500 per piece.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/playroom-furniture-market

Further key findings from the report suggest:

By raw material, the wood segment generated a revenue of USD 1.7 billion in 2018
By product, chairs accounted for more than 30.0% share of the global revenue in 2018
The residential application segment accounted for more than 60.0% share of the global revenue in 2018
Online distribution channel is expected to expand at the fastest CAGR of 5.7% from 2019 to 2025
Hypermarket and supermarket distribution channel accounted for more than 50.0% share of the global revenue in 2018.

U.S. Antistatic Agents Market 2025 | 3M Company; Akzo Nobel N.V.; BASF Corporation

The U.S. Antistatic Agents Market size is expected to reach USD 84.9 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a 4.8% CAGR over the forecast period. Plastic materials and films used in packaging have a large surface area to volume ratio, which can lead to problems like static build up. Antistatic additives are used to counter this problem and to support safe handling of packaging during transportation and storage.

Antistatic agents avoid static build-up of charge in plastics used in various end-use industries such as automotive, food, textile, pharmaceutical, electronics, and others. In industrial and retail packaging, antistatic additives prevent dissipation of dust and optimize visual clarity of packaging. Static discharge is a common phenomenon in electronics, pharmaceutical, and food packaging. Sudden discharge of static electricity may damage functioning of electronic circuits and negatively impact electronic appliances such as trip computers, anti-theft devices, cellular phones, airbags, DVD players, Global Positioning Systems (GPS), and advanced sound systems.

Static electricity is used in printers and photocopiers. Although it is not harmful, sometimes it can prove to be dangerous in case of a significant amount of charge buildup that can abruptly discharge leading to a sudden spark. Possibility of sudden discharge of static electricity may have adverse effects on food packaging industry.

Demand for antistatic agents is growing swiftly led by growth in end-user industries, particularly food packaging. Global packaging industry is witnessing a significant growth owing to consolidated development of all sub-segments such as food and medical packaging. Despite the price inflation in 2016, demand for processed food was steady. Changing consumer lifestyles have resulted in growing demand for ready-to-eat food. This factor coupled with increasing number of retail stores selling packaged food is driving antistatic agents market growth.

The market is characterized by the presence of a vast number large-scale players such as 3M, BASF Corporation, and Evonik Corporation at the global level. Manufacturers such as Ampacet Corporation and Blend Colors Pvt. Ltd. are looking forward to increasing market scope by expanding their geographical footprint.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-antistatic-agents-market

Further key findings from the report suggest:

Ethoxylated amines accounted for 43.8% of the total revenue in 2016. Glycerol monostearate is also anticipated to witness steady growth over the forecast period
Diethanolamides are similar in composition to ethoxylated amines and are produced from amination of fatty methyl esters. They provide the best performance in LDPE and LLDPE applications and are compatible with polyethylene, polypropylene, acrylonitrile butadiene styrene, and non-corrosive to polycarbonate surfaces
Demand from polypropylene application is expected to grow to reduce build ups of static charges in handling goods made of propylene during loading, unloading, and packaging operations
Key players operating in the global antistatic agents market include The 3M Company; Akzo Nobel N.V.; BASF Corporation; Croda International Plc.; Arkema, Inc.; Ampacet Corporation; and Evonik Corporation.

Tuesday 2 June 2020

Modular Kitchen Market: Global Analysis by Häfele GmbH & Co KG; Nobia AB; Nobilia GB Ltd;

The global Modular Kitchen Market size is expected to reach USD 28.54 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.8% during the forecast period. Growing number of housing projects supported by the increasing purchasing power of consumers from developing nations including India, Thailand, and Brazil, is expected to drive the market. Furthermore, the rapid rise in the number of nuclear families on a global level is expected to promote installation of new modular kitchens in new constructions.

The L-shaped product design segment held the largest market share of more than 55% in terms of revenue in 2018. This design is the most popular among consumers due to its better flexibility and convenience. In addition, this design is well suited for small size kitchens.

Tall storage segment is expected to witness the fastest CAGR of 6.3% from 2019 to 2025. This product can store a large number of commodities in a single cabinet and also provides an attractive vertical look to the house. These factors are anticipated to bode well for the segment growth in the forthcoming years.

As of 2018, the wood products led the modular kitchen market in terms of raw material, accounting for over 60% of the global revenue. On the other hand, the fiber/plastic material is expected to register the fastest CAGR in near future as this material is waterproof, oil proof, and termite-proof. This material is available in a less expansive price range compared to other raw materials, which is expected to further drive the demand.

Europe held the leading market share of more than 30% in terms of revenue in 2018. The presence of prominent manufacturers and availability of a wide range of products is projected to drive the market in countries such as Germany, U.K., France, Italy, and Poland. On the other hand, Asia Pacific is expected to register the fastest growth due to the rapid growth of residential construction in this region. Rising purchasing power along with rapid urbanization in the countries, such as India, China, Japan, Malaysia, and Indonesia, is expected to fuel the product demand.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/modular-kitchen-market

Further key findings from the report suggest:

Floor cabinet held the largest modular kitchen market share of over 60% in 2018
In terms of raw material, wood products is expected to hold a market share of more than 40% by 2025
Online distribution channel is expected register the fastest CAGR of 6.2% from 2019 to 2025
Key market participants include Häfele GmbH & Co KG; Nobia AB; Häcker Küchen GmbH & Co. KG; Nobilia GB Ltd; LINEADECOR; Snaidero Cucine; Bulthaup; Boston Cabinets, Inc.; Pedini; SieMatic; and The Hettich Group

Ride Hailing Services Market: Industry Analysis and Trends, 2025

The global Ride Hailing Services Market size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.

In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances in the same service segment. Dallas-based Alto launched its ride hailing service in January 2019, through the funding of USD 14.5 million from companies including Road Ventures and Frog Ventures. The company will expand to more U.S. cities by the end of 2019.

Some of the automotive manufacturers are expected to enter the market to maintain their customer base over the next eight years. For instance, developing economies including China and India are expected to remain some of the favorable destination as a result of urbanization and expansion of middle-income population. Furthermore, other cab hailing services are entering the China ride sharing service market. For instance, in October 2018, SAIC Motor, Geely and Daimler jointly announced plans for new ride hailing services in China. Additionally, BMW initiated its premium service, ReachNow for China in January 2019. The new venture has a crew of drivers to chauffer rides in a fleet of 200 BMW 5 series. The organization plans to include Mercedes-Benz E-Class and Audi A6 in the fleet. The service will cost around USD 3 per kilometer.

In January 2019, Grab Holdings Inc. announced plans for commencing three new ride hailing services under the names, GrabShuttle, GrabCall, and GrabCall in Myanmar. GrabShuttle will be targeted at office workers and university students and GrabCall will allow booking cabs through call center agents. Grab Web Booking allows booking trips through online portals.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/ride-hailing-services-market

Further key findings from the report suggest:

E-hailing offering segment accounted for more than 50% of the market share in terms of revenue in 2018
Car rental offering segment is expected to register the fastest CAGR of 13.8% from 2019 to 2025
North America held a market share exceeding 35% in 2018 and is anticipated to register significant growth over the forecast period
Asia Pacific is expected to witness the fastest CAGR of 13.9% in the ride hailing services market during the forecast period

Clove Cigarettes Market: In Depth Analysis Report By Key Players

The global Clove Cigarettes Market size is expected to reach USD 135.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. The market is majorly driven by the increasing product launches driven by the growing demand for machine-made clove cigarettes.

Consumers trying to quit smoking are more inclined toward consumption of clove cigarettes owing to less harshness, blend of different flavors, and presence of low tar nicotine. Gauging the consumer preference for lighter cigarettes, companies are focusing on product launches. For instance, in 2017, Sampoerna, a subsidiary of PHILIP MORRIS INTERNATIONAL MANAGEMENT introduced a new product named Platinum A. Some of the common flavors blended with cloves and tobacco include cherry, vanilla, strawberry, pineapple, grape, orange, menthol, cocoa, and licorice with an objective to bring uniqueness in the product.

The spicy flavor of cloves along with attractive packaging of these cigarettes significantly attracts young smokers. In 2017, more than 5 million people in Indonesia used consumed clove cigarettes. Rising consumption of clove cigarettes especially among the young population in Indonesia is expected to offer lucrative opportunities for the companies operating in the clove cigarettes market.

Machine rolled full flavored clove cigarettes accounted for more than 45% market share in 2018. Clove cigarettes containing the lowest level of tar and nicotine content as compared to the full flavored variant, which is one of the unique selling points of these products. Low tar nicotine clove cigarettes is expected to register a CAGR of 4.9% over the forecast period.

Female end user segment is expected to expand at a CAGR of 3.4% over the forecast period, attributed to rising number of women smokers in regions such as North America, Europe, and Central and South America. Russian females accounted for more than 57.0% of the market share in 2018. Maximum women prefer clove cigarettes due to the presence of mixture of different flavors reduce the harshness of the products.

Asia Pacific held the largest market share of more than 60% in 2018. The growth is majorly supported by the significant production and demand for clove cigarettes in Indonesia, which accounted for about 92% alone in 2018. APAC clove cigarettes market has witnessed significant rise in demand in the recent few years. With the rise in consumer disposable income along with their willingness to try out unique and premium variants can be attributed to the regional product demand.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/clove-cigarettes-market

Further key findings from the report suggest:

APAC is estimated to expand at the fastest CAGR of 4.7% during the forecast period, driven majorly by the high demand from Indonesia
Machine rolled clove cigarettes together accounts for more than 80%, with full flavored category contributing a major share.
Some of the major players operating in the global clove cigarettes market include Philip Morris International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan Tobacco; British American Tobacco; and Wismilak Group