Market Trends and Growth

Thursday, 6 August 2020

U.S. Disposable Face Mask Market Size is Projected to Register 60.3% CAGR till 2027

The U.S. Disposable Face Mask Market size is anticipated to reach USD 6.21 billion by 2027, expanding at a CAGR of 60.8% over the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to the rapidly surging number of Covid-19 (coronavirus) cases in the country.

The widespread impact of the novel coronavirus in U.S. has been driving the demand for disposable face masks. According to the Centers for Disease Control and Prevention (CDC), the total number of cases in U.S has reached more than 1.48 million as of May 18, 2020. Many of the small and medium manufacture have also entered in the market to cater to the rapid surge in demand for the product.

Additionally, increasing government spending coupled with ease in the documentation pertaining to manufacturing face mask with immediate effect will immensely help the market growth. For instance, the U.S. government signed an USD 8.3 million emergency spending bill aimed to boost virus-prevention efforts in the country. Furthermore, the enforcement of the Defense Production Act, in order to increase domestic production and distribution of PPEs, is expected to further augment the industry growth over the coming months.

The protective masks segment emerged as the largest product segment and accounted for over 35.0% revenue share in 2019. Protective masks are specially designed to offer the wearer a physical barrier between their mouth and nose, restricting potential contaminants in the environment from entering the body. The mouth and nose are two of the most vulnerable entry points for foreign particles; thus, the demand for these masks has been high in the industrial and medical sectors.

Among applications, the industrial application segment dominated the market for disposable face masks in U.S., with a share of nearly 80% in 2019. The increasing demand for the product in industries such as automotive, construction, and beauty and personal care can be regarded as a major factor driving the product demand in the industrial application segment. The personal use segment, however, is expected to expand at nearly double the CAGR of 85.1% during the forecast period.

The industry is currently characterized by supply shortages, manufacturers ramping up production capacities, and suppliers raising the price of disposable face masks. The hike in prices can be attributed to the rapid surge in demand. For instance, Hatfield and Company, a Texas-based supplier of N95 disposable face masks, has increased the price of its face masks from USD 1 to USD 6. The company sold about 2 million masks to a major U.S. oil company in the early week of March 2020.

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U.S. Disposable Face Mask Market Report Highlights

In terms of product, the U.S. non-woven masks segment is expected to hold nearly 38% revenue share by 2027
The personal use application segment is expected to expand at a CAGR of 85.1% during the forecast period, far outpacing the growth of the industrial segment, to reach a market size of over USD 4 billion by 2027
In April 2020, 3M, Honeywell International, and a unit of Owens & Minor Inc. received contracts from the U.S. Department of Defense to make 39 million N95 face mask for medical workers. Under the terms of this contract, 3M would receive USD 76 million
In April 2020, 3M received a contract from the Donald Trump Government to import more than 165 million N95 face masks from its manufacturing unit in China for healthcare workers in U.S over the course of three months

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Crawler Camera System Market Trends, Segmentation and Future Scope, 2027

The global Crawler Camera System Market size is anticipated to reach USD 309.2 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.3% over the forecast period. Increasing demand for technology to perform video inspections of large municipal and commercial sewer main lines and service lines is likely to escalate the growth of market in coming years.

Crawler camera system is compact and portable and can be remotely controlled. The operator remains in mobile control station above ground while camera crawls into pipeline or into canal as directed by operator. With technological advancement in video and recording, inspecting drainage or pipelines with crawler camera has become easier and more accessible. It provides the convenience desired by end users by offering real-time footage of drainage or pipelines.

This system helps to identify the blockages and drainage issues, which can potentially cause extensive damage if they are not repaired in a timely manner. They are beneficial for municipal, industrial, residential, and commercial end users to analyze the pipelines, drainage or other area and take preventive measures in order to avoid any damage. Such factors are likely to drive demand for these systems over the forecast period.

Inspection conducted through crawler camera system is relatively quick and the tubes remain intact throughout the process, making it a non-destructive testing method. As this system is compact, portable, and controlled remotely, the required manpower is reduced, making it an economical inspection process. It is likely to fuel the growth of market in coming years.

The pipeline inspection application segment is expected to be at the forefront by accounting for more than 2/5^th share of the overall revenue over the forecast period. Crawler camera is a compact, portable, and convenient system to inspect pipes to look for areas of concern and mark out problem areas. Many end users use this system to maintain proper function of pipeline and avoid blockage, deterioration, and structure collapse, which always pose potential risk. Thus, crawler camera is a suitable option for remotely surveying pipe lines and taking preventive measures in case of any area of concern.

North America will continue to enjoy its leading position in the market during the forecast period. Continuous expansion of industrial and municipal area, along with growing need for periodic inspection of pipe and drainage lines to ensure environmental protection, is likely to drive demand for crawler cameras. Increasing number of pipeline accidents in the region and growing concerns to avoid such damages with periodic inspection are expected to ensure positive outlook for the regional market in coming years.

As per the incident reported by the Pipeline and Hazardous Materials Safety Administration (PHMSA) and the National Transportation Safety Board (NTSB), in November 2019, a newly installed gas pipeline exploded and burned in Pepper Pike, Ohio, U.S. As per the preliminary investigation undergone by the Public Utilities Commission of Ohio, U.S., the welding failure caused the rupture, which led to the explosion.

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Crawler Camera System Market Report Highlights

By application, pipeline inspection is projected to expand at the fastest CAGR over the forecast period owing to growing area of concern in large pipelines, such as contamination from toxic gasses or hazardous waste, which possibly leads to hazardous accidents
The municipal end-user segment is projected to witness the fastest growth over the forecast period due to increasing usage of crawler camera in municipal sewer lines to maintain its proper function with periodic cleaning schedule.

Vacation Rental Market Trends, Segmentation and Future Scope, 2027

The global Vacation Rental Market size is expected to reach USD 113.9 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.4% over the forecast period. Travelers are more inclined towards vacation rental property and homes over hotels owing to the comfort, low cost, additional privacy, kids and pet friendly nature of accommodation. Rising expenditure on travel, vacations, and accommodation among millennials is driving the market. As per the report published by Airbnb, millennials and younger generations will account for 75% of all consumers and travelers by 2025.

Low cost compared to accommodation in hotels with all the similar amenities available in vacation rental homes is acting as a major factor for the growth of the market. As per the TurnKey Vacation Rentals survey, 65% of millennial travelers ranked cost as the most important factor in choosing a vacation rental. Moreover, consumers are more inclined towards preparing their own meal while on vacation and having children friendly stay. As per the report of iPropertyManagement, 71% of travelers with children preferred access to cooking their own meals.

Increasing supply of properties is lowering the accommodation price and is driving consumers’ inclination towards low cost vacation rental properties over hotels. As per Vacation Rental Marketing, the average number of Airbnb units is said to be doubling year on year, whereas hotel supply increased by only 1.1% in 2018. Moreover, according to CRBE, Airbnb accommodations account for 9% of the total lodging units in the 10 largest U.S. markets and is adding units at a substantially faster rate than the U.S. hotel industry.

In terms of accommodation type, the resort/condominium segment is estimated to be the fastest growing segment with a CAGR of 4.4% from 2020 to 2027. Rising popularity of tourism owing to increasing number of travelers seeking to unwind while enjoying luxury amenities is expected to fuel the growth of segment. Availability of various facilities such as function rooms, barbeque pits, games, KTV and multi-purpose rooms, clubhouses, tennis, squash and basketball courts, and swimming pools fuels the growth of this category. As per iPropertManagment, 12% of millennials plan to stay in a villa/estate in the next year vs. only 6% of Boomers and 9% of Gen Xers.

Europe dominated the market for vacation rental with a revenue-based share of 35.9% in 2019. The growth is majorly attributed to rising consumer expenditure on glamping and booking accommodation in resort and condominium. In 2018, Marriott International announced the launch of Homes & Villas by Marriott International via Tribute Portfolio Homes platform. In April 2018, the program was launched in partnership with U.K.-based property management group Hostmaker and debuted with an inaugural 200-plus homes in London. Later in October 2018, company expanded the Tribute Portfolio Homes portfolio, adding homes in Paris, Rome, and Lisbon.

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Vacation Rental Market Report Highlights

By accommodation type, home is expected to reach USD 55.02 billion by 2027
Online booking mode was valued at USD 25.06 billion in 2019
Asia Pacific is expected to register a revenue-based CAGR of 5.6% from 2020 to 2027

Wednesday, 5 August 2020

Spiced/Flavored Rum Market Worth $9.39 Billion By 2027

The global Spiced/Flavored Rum Market size is expected to reach USD 9.39 billion by 2027, expanding at a CAGR of 4.3% over the forecast period, according to a new report by Grand View Research, Inc. Shifting consumer inclination towards flavored alcoholic beverages is fueling the growth of the market across the globe. Furthermore, escalating cocktail culture has widened the growth opportunity for spiced/flavored rum worldwide. As a result, manufacturers have been introducing innovative products to cater to the growing demand.

In terms of product, the fruit-based spiced/flavored rum led the market with over 55% share of the total revenue in 2019. This spirit blends well with the fruits, such as lime, pineapple, coconut, and orange. Over the past few years, companies have introduced several products under the fruit category. For instance, in July 2019, Cruzan Rum brand of Suntory Holdings Limited introduced its watermelon flavored premium product.

Asia Pacific dominated the market for spiced/flavored rum in 2019 and held more than 45% share of the global revenue. Increased demand for premium and innovative drinks in China, India, South Korea, Japan, Philippines, and Australia has fueled the market growth in the region. Europe is projected to witness the fastest growth over the forecast period.

Key competitors in this industry include Diageo; Bacardi Limited; Suntory Holdings Limited; Destilería Serrallés; Admiral Nelson's Rum; Tanduay Distillers, Inc.; Pernod Ricard; Maine Craft Distilling, LLC; Altitude Spirits, Inc.; Davide Campari-Milano S.p.A.; Heaven Hill Distillery; SEASPIRITS; and Sazerac Co. Merger & acquisition and new product launch are the key strategies adopted by the manufacturers in the industry. For instance, in September 2019, Davide Campari-Milano S.p.A. acquired Rhumantilles, from Chevrillon Group. Rhumantilles is the owner of Maison La Mauny and Trois Rivières rum brands. This acquisition will enhance Davide Campari-Milano’s high-grade aged inventory and strengthen its position in France.

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Spiced/Flavored Rum Market Report Highlights

By product, fruit-based spiced/flavored rum dominated the market with more than 55% share of the global revenue in 2019 due to increasing consumer inclination towards alcoholic beverages fortified with oranges, grapes, and apples as they are easily mixed with other fruit drinks
Off-trade distribution channel is expected to expand at the fastest CAGR of 5.2% from 2020 to 2027. Rising preference for drinking at home among millennials during weekends and after-office hours is expected to promote the scope of off-trade channels, including supermarkets and bar shops, as shopping media
Asia Pacific dominated the spiced/flavored rum market in 2019 with more than 45% share of the global revenue. Strong consumer base of middle-class groups in countries, such as China and India, is expected to remain a favorable factor for the industry growth in this region
Europe is expected expand at the fastest CAGR of 5.0% from 2020 to 2027 owing to growing demand for the premium alcoholic beverages in countries, such as Germany, U.K., and France

Tuesday, 4 August 2020

Sensitive Toothpaste Market Size, Share & Trends Analysis Report

The global Sensitive Toothpaste Market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rapidly growing demand for organic and natural oral care products for teeth sensitivity is driving the growth of the market.

Unhealthy lifestyle habits are the major causes of tooth sensitivity such as aggressively brushing of teeth with hard bristled brush. Food like citrus fruits, hot and cold food, sugary food, sticky food such as caramel and toffee can lead to the teeth sensitivity. In addition, some people under stress make unhealthy life style choices such as smoking, consumption of alcohol, and sugary food can increase sensitivity and oral diseases like cancer, gum diseases, and tooth decay. Unhealthy lifestyle habits and their side effects will drive the market for sensitive toothpaste. However, low awareness about technological innovation about oral care may hinder market growth.

Nonetheless, the manufacturers are launching sensitive toothpastes offering multiple benefits such as repair and protection, deep clean, whitening, herbal multi care, and fresh mint. Increasing adoption of whitening toothpastes is high due to multiple benefits. Such toothpastes brighten the teeth by removing the stains and provide protection from harmful effect of dietary acid erosion. Therefore, by implementing innovative marketing strategies, major vendors are driving the market for sensitive toothpaste.

Asia Pacific held largest market share in 2019 owing to several initiatives taken by government for the development of oral health care. According to WHO, more than 34% people of India are suffering from oral sensitivity problem. Therefore, GSK brand Sensodyne has decided to focus on oral care with the help of largest media agency from the GroupM stable. Growing awareness about oral hygiene and natural care products is driving the growth of the market.

Middle East and Africa is expected to witness the highest CAGR due to rising teeth decay problem among children in this region. Further, growing urbanization, rising disposable income, and focus towards organic personal care products comprising oral care products in the countries such as Saudi Arabia, South Africa, UAE will drive the market.

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Further key findings from the report suggest:

The rapid relief segment is expected to exhibit highest CAGR of 7.2% as it relieves sensitivity pain in just 60 seconds coupled with benefits including cavity protection and breath freshening
The supermarkets/hypermarkets segment accounted for largest market share of 66.4% in 2019 owing to availability of wide range of products
Online distribution channel is projected to witness fastest CAGR of 7.1% due to growing penetration of e-commerce sites and several offers available on online platforms across the globe
Asia Pacific dominated the industry in 2019 and is likely to witness fastest growth over the forecast period owing to several initiatives taken by government for oral care awareness
The market is highly dominated with few players accounting for a significant market share, whereas wide distribution network and brand value help these players to sustain in the competitive market.

Fish Hunting Equipment Market Trends, Growth Opportunities and Overview

The global Fish Hunting Equipment Market size is anticipated to reach USD 20.75 billion by 2027, expanding at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising preference for recreational outdoor sports owing to growing trend of travel and leisure is boosting the growth of the market. In addition, sport fishing serves as the most prominent outdoor activity in the U.S. after jogging. This is eventually helping in increasing awareness regarding activities like fish hunting, thereby ramping up the sales of the fish hunting equipment over the forecast period.

Increasing popularity of fishing as the second-most popular outdoor activity in America, after running, jogging, and trail running is fueling the growth of the market. According to Outdoor Recreation Participation Topline Report, in the U.S., 31.5 million adults who were 25 and older participated in fishing in the year 2016. Moreover, increased spending on fishing equipment and accessories as a result of rising number of participants is ramping up the sales of such products. According to American Sportfishing Association (ASA), 22 out of 30 tackle categories have observed spending increases in the past decade, with the highest increase at 45% in 2018. In addition, spending on hard-bait increased at 8.5%, while soft-bait witnessed a spending increase of 0.4% in 2018.

Rising prominence of various fly fishing spots in Asia Pacific is increasing the number of anglers in countries, such as Japan and Australia. Moreover, major cities such as Tokyo and Osaka have found space for urban fishing, which is a reminder of how influential the activity is. This scenario is projected to boost the sales of fishing accessories and equipment, including fish hunting equipment, in the forecast period.

In terms of product, fishing reels held a dominant share in the market in 2019. This product comprises three basic styles, such as casting reel, spinning reel, and fly fishing reel. Substantial contribution of women to the fishing industry is offering growth opportunity for the product segment. Offline distribution channel dominated the market for fish hunting equipment and held the largest share of 87.6% in 2019. Preference for offline shopping is increasing among anglers as it offers hands-on experience of the product.

North America dominated the fish hunting equipment market in 2019. The number of anglers in the U.S. outnumber the population of every U.S. state, which is a key factor driving the demand for fish hunting equipment in the region. Moreover, anglers spend more on fishing gear and trips as compared to their spending on Valentine’s Day, Easter, and Halloween, according to a report by the American Sportfishing Association.

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Further key findings from the study suggest:

By product, fishing reels led the market in 2019 and accounted for a share of more than 28.2%. Baits & lures are expected to expand at a CAGR of 4.7% from 2020 to 2027
Offline channel held the largest share in 2019 owing to increasing preference for offline shopping among anglers
Europe is expected to register a revenue-based CAGR of 4.6% from 2020 to 2027
Top players operating in the fish hunting equipment market include Van Staal, Globeride, Inc., Sensas, Maver UK Ltd., PRADCO Outdoor Brands, Inc., Eagle Claw, Costa Del Mar, Inc., Pure Fishing, Inc. and Newell Brands.

Monday, 3 August 2020

Deodorizer Bags Market Analysis Report by Application, 2025

The global Deodorizer Bags Market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.

The market is driven by increasing demand for the premium and quality products due to the natural ingredients present in them. Moreover, growing working class population and rising disposable income are likely to drive the demand for the products over the forecast period.

Enhanced freshness and capability of deodorizer bags to remove unpleasant odor are driving the product demand. Moreover, increasing number of product launches by the manufacturers is boosting the market growth. However, high cost of these products as compared to the other deodorizing agents has been a factor restraining the growth of the market.

The market in North America is anticipated to grow due to the rise in the sales of natural products, along with increasing product launches. The growth in the region is also attributed to growing health awareness among consumers and rise in the economic factors, such as disposable income and purchasing power for the consumers. Moreover, increasing sales in the automotive and footwear sector are anticipated to drive the product demand in Asia Pacific over the forecast period.

Growing interest in the natural and quality products among the working population due to their various health benefits will fuel the product demand in the market. Companies are expanding their geographical reach and developing novel products in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, limited extension, and online sales and developments, endeavored by the key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions.

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https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market

Further key findings from the study suggest:

Based on application, the cars segment is projected to expand at a CAGR of 9.8% over the forecast period. The residential segment dominated the market with an overall share of 72.3% in 2018
North America dominated the market in 2018 and accounted for 49.3% share of the overall revenue. This trend is projected to continue over the next few years owing to growing automotive industry, which is attributed to rise in mobility, mainly in developed countries
The deodorizer bags market in Asia Pacific is anticipated to witness growth due to increasing disposable income in countries, such as India, South Korea, China, and Japan
The industry is highly competitive due to presence of key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com