Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Global Razor Market Set to Attain Over $20.0 Billion Revenue by 2030

Due to the increasing disposable income and the rising consciousness amongst men about appearance and personal grooming, especially with regards to facial and body hair, the global razor market attained a valuation of $18.0 billion in 2019. The market is also predicted to advance at a CAGR of 2.1% from 2020 to 2030 and generate a revenue of $22.5 billion in 2030, as per the estimates of the market research firm, P&S Intelligence.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/razor-market/report-sample

The increasing influence of the Western culture and the soaring advertisements in popular media about grooming are the main reasons behind the surging awareness amongst men about personal grooming and appearance, especially with regards to beard and hairstyles. According to the surveys of The Proctor & Gamble Company (P&G), 39% of the men belonging in the age group 25—34 years and 43% of the men in the age bracket of 18—24 years prefer the clean-shaven look.

 

On the basis of type, the razor market is categorized into cartridge razors, electric razors, disposable razors, safety razors, and straight razors. Amongst these, the cartridge razors category will hold the highest share, in terms of revenue, in the market in future. This is ascribed to the easier replaceability of the blades in these razors as compared to the blades in other razors. Additionally, the powerful marketing campaigns launched by the major cartridge razor producing companies contribute significantly toward the soaring popularity of these razors across the globe.

 

Apart from men, these razors are also used extensively by women all over the world. While the men will remain the main users of these razors in future, the utilization of the razors will also increase significantly amongst women over the next few years. Moreover, the women category is expected to register faster growth in the market than the men, under the consumer segmentation, in the forthcoming years. This is because of the rapid urbanization in developing nations and increasing disposable income of women in several countries around the world.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=razor-market

Besides being sold at retail outlets and personal grooming shops, razors are also being bought by people via subscription-based models all over the world. The subscription-based models allow the blades to be delivered to the houses of the consumers on a weekly or monthly basis. The major players operating in the market such as Dollar Shave Club and the Proctor & Gamble Company (P&G) are employing this method for attracting customers and expanding their operations.

 

Globally, the razor market recorded the highest growth in the Asia-Pacific (APAC) region in the past. The market is also predicted to exhibit the fastest and the highest growth in the Asia-Pacific (APAC) region in the upcoming years. The main factors fuelling the boom of the market in this region are the dense population and high urbanization rates in the various APAC nations and the soaring spending on several types of personal care and grooming products by the people in the region.

 

Therefore, it can be said with conviction that the market will boom all over the world over the next several years, because of the growing awareness amongst the people about appearance and personal grooming and the increasing spending power of men and women throughout the world.

 

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Seasonings and Spices Market to Register 6.0% CAGR during 2018–2023

Being experimental with food choices is a major trend in our society at the present time. As the income levels of people are increasing, their habits regarding food are also changing. Today trying out new dishes, which are at times expensive, that have new tastes and flavors has become an important part of get-togethers. As people continue to experiment with new cuisines, the popularity of Mexican, Continental, and Chinese cuisines is further gaining traction. It is primarily due to this factor that the demand for spices and seasonings is growing rapidly across the world.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/spices-and-seasonings-market/report-sample

As per a report by P&S Intelligence, in 2017, the global seasonings and spices market attained a value of $21,507.3 million and is projected to advance at a 6.0% CAGR during the forecast period (2018–2023). The two major products in this domain are ground, which includes white pepper, chili powder, marjoram, paprika, sage, turmeric, mint, oregano, coriander, basil, and black pepper, and whole, which includes chili flakes/pepper, cinnamon, dill, parsley, blue poppy seeds, rosemary, tarragon, saffron, aniseed, chives, cumin, fennel, white poppy seeds, sesame, thyme, vanilla, and ginger. Between these two, the larger demand during 2013–2017 was created for whole seasonings and spices, as they offer convenience of processing, in both residential and industrial settings.

Apart from adding flavor to the dishes, spices have medical benefits as well. Take for example cumin, which aids in improving digestion, immunity, treats skin disorders. In addition to this, cumin also helps in treating insomnia, anemia, boils, respiratory disorders, asthma, and bronchitis. Similarly, sesame seeds have cholesterol-lowering phytosterols, and help balance hormones, protect heart health, improve blood pressure and nutrient absorption, fight cancer, and burn fat. Furthermore, cinnamon aids in lowering blood sugar levels and reducing heart disease risk factors. Since consumers are have started opting for a natural, eco-friendly way of life, the demand for spices and seasonings has risen significantly.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=spices-and-seasonings-market

Among all the regions, namely Asia-Pacific (APAC), Europe, North America, and Rest of the World, the largest share of the seasonings and spices market was held by the APAC region during 2013–2017. The APAC region is the largest consumer and producer of seasonings and spices. The demand for these products in the region is increasing due to the heavy consumption of spies and seasonings in South Asian countries, increasing production of these products in Asian countries, and rising spice consumption in the East. The region is further projected to witness the fastest growth in demand for spices and seasonings during the forecast period.

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Mattress Market Projected to Register CAGR of 3.8% During 2018–2023

The growing disposable income of people around the globe has resulted in a rise in the home ownership rate. As per the Organisation for Economic Co-operation and Development, several government policies and the average annual growth rate of disposable income (over 2% worldwide) has led to affordable housing, which is a basic need for human beings. Now people are able to spend on things which make their lives more comfortable and easier, such as mattresses. According to a research conducted by P&S Intelligence, the global mattress market attained $31,181.5 million in 2017 and is expected to grow with a 3.8% CAGR during the forecast period (2018–2023).

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/mattress-market/report-sample

The various types of mattresses include latex, innerspring, and memory foam. Some other types include hybrid, gel, water, and air. Out of these, the innerspring mattresses are the most common and were the most in demand in 2017. However, the demand for memory foam mattresses is projected to increase significantly in the near future as people are becoming more conscious regarding their health. Memory foam mattresses conform to the user’s body and aid in relieving muscle pains and body stress. Mattresses come in different sizes to suits the needs of different users: king size, queen size, single size, and double size. Among these, the largest demand was created for queen size mattresses during 2013–2017.

Due to the surging need for mattresses, innovations in mattress manufacturing process are also taking place. As the awareness regarding healthy and hygienic sleep habits is rising, the demand for hybrid mattresses is also increasing. Hybrid mattresses are made up of different types of components, such as polyurethane foam, spring coils, layer of latex, and thermagel, which offer different benefits to the user. Apart from all this, the industry is also witnessing a shift in consumer preference for eco-friendly mattresses, owing to which the manufacturers are also coming up with innovative fabrics that are used in the outer covering of the mattresses.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=mattress-market

The rise in demand for eco-friendly mattresses is projected to significantly contribute to the growth of the mattress market during the forecast period. These mattresses are made up of environment-friendly materials such as natural latex, organic wool, organic cotton, and alternatives that have less ecological impact than the traditional mattresses. The demand for organic mattresses is rising due to the negative impacts of flame retardants, adhesives, off-gassing, and other chemicals that are utilized in the manufacturing process. Natural latex mattresses, natural memory foam mattresses, and natural innerspring mattresses are some of the eco-friendly mattresses available in the market at the present time.

Categories
Analysis Forecast COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Luggage Market 2020: Emerging Trends, Revenue Estimation, Global Size and Forecast Report

The lifestyles of individuals have changed significantly over the past few years. Due to technological advancements and strong economic growth in a number of countries, a larger number of people are now able to travel to different countries, which, in turn, has resulted in the swift growth of the tourism industry. On a global scale, the travel and tourism industry contributed about $2.9 trillion to the gross domestic product (GDP) in 2019. The U.S. travel & tourism industry alone was responsible for a contribution of $580.7 billion to the global GDP in 2019. The increasing business-related travel activities are further resulting in the growth of the tourism industry all across the globe.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/luggage-market/report-sample

Owing to this expansion of the tourism industry, the global luggage market is also predicted to advance at a substantial pace in the years to come. Luggage is an important part of travel and tourism activities, which is why the demand for luggage all across the globe is growing rapidly. The different product types of luggage include business bags, casual bags, and travel bags. Th demand for travel bags was the highest in the past, owing to the increasing travel and leisure activities, as mentioned above.

Other than this, the requirement for casual bags is also expected to rise considerably in the coming years, which can be ascribed to the increasing number of children pursuing higher education. Moreover, the younger generation, including sportspersons and students, mostly prefer casual bags. In addition to all this, technological advancements are also contributing to the rising demand for different luggage products. The manufacturers are increasingly focusing on developing bags that are lighter and are integrated with technologies such as global positioning system, Bluetooth-enabled locks, and universal serial bus ports for charging electronic devices including smartphones. These advancements are focused on increasing security and convenience for consumers.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=luggage-market

Internet sales, specialist retailers, and factory outlets are the major distribution channels for different luggage products. Some other distribution channels include small independent retailers, discounters, hypermarkets, and supermarkets. People are increasingly buying luggage from supermarkets and hypermarkets, as they get different product types under one roof. Geographically, Asia-Pacific (APAC) is predicted to emerge as the fastest-growing luggage market in the near future, which is because of the rising consumer spending that is boosting the expansion of the travel and tourism industry in the region. Japan, India, and China created the largest demand for different luggage products in APAC in the past.

In conclusion, the expanding travel & tourism industry and development of light weight and technologically advanced bags are resulting in the growing requirement for luggage all across the globe.

Categories
News

Denim Market to Register 5.8% CAGR during 2018–2023

The fashion industry is at the top of its game, especially at the present time, with the rising disposable income, increasing penetration of the internet, and surging utilization of social media platforms all around the globe. A major trend which is aiding the industry grow is that of the introduction of business casuals. Companies all across the world have started allowing casuals at workplace, so as to make the employees feel more at ease and relaxed. Attributed to this, manufacturers are increasingly using denim products for making formal pants and jackets.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/denim-jeans-market/report-sample

This is ascribed to the increasing number of high-net-worth individuals, rapid Westernization, and growing number of upper-middle-class people all across the world. The different channels via which denim products can be bought are exclusive stores, specialty stores, hypermarkets & supermarkets, department stores, and online platforms. The largest requirement for denim products was fulfilled by specialty stores in the past, owing to the fact that these stores provide a number of brands under a single roof, in addition to having attractive pricing. Apart from this, the sale of denim products via online distribution channels is predicted to grow considerably in the near future.

This rising trend of casualization at workplace is resulting in the growing demand for denim. As per a P&S Intelligence report, in 2017, the global denim market reached $56.1 billion, and it is predicted to attain a value of over $79.2 billion by 2023, advancing at a 5.8% CAGR during the forecast period (2018–2023). Apart from jeans and jackets, denim is also being utilized for making shirts and dresses. These products cater to the mass, premium, and standard markets. While the demand for mass-market products was higher in the past, premium products are also expected to register considerable rise in the years to come.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=denim-jeans-market

In the past, the demand for denim clothing was the highest in North America, which is on account of the increasing disposable income, rising need for superior-quality clothing, and surging promotion of denimwear by celebrities in the region. Other than this, the need for such products is rising swiftly in Asia-Pacific region, which is why it is projected to emerge as the fastest-growing denim market in the near future. This is due to the enhancing manufacturing processes, improving standard of living, growing working-class population, rapid urbanization, and rising disposable income in the region.

 

 

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Animal Pharmaceuticals Market to Grow Fastest in Asia-Pacific

Ever since people first domesticated animals, around 15,000 years ago, the health of animals has been quite an important thing to consider. Whether people are petting them or using them for milk, eggs or meat, keeping them healthy is necessary. While some diseases can spread directly between animals and people, some spread via meat, eggs, and milk. Thus, as long as the animal is healthy, people can stay healthy. Moreover, most people care for their pets as they would for other human members in the family, which is why they regularly take them to the veterinarian.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/animal-healthcare-market/report-sample

Therefore, with the increase in the number of animals being petted or domesticated, the animal pharmaceuticals market has a bright future ahead. Seeing the rising number of animal owners, including pet, cattle farm, and poultry farm owners, as well as the continuous evolution in animal diseases, pharmaceutical companies, including Merck & Co. Inc., Vetoquinol S.A., Boehringer Ingelheim GmbH, Zoetis Inc., Eli Lilly and Company, Virbac SA, Sanofi, Perrigo Company pLC, and Bayer AG, are investing in research and development (R&D) to come up with more-effective and cheaper drugs. This is especially being witnessed in emerging economies, where, encouraged by their increasing disposable income, people are petting animals.

In the past, North America was the most productive animal pharmaceuticals market, on account the rapid urbanization and higher living standards, which result in a high pet ownership rate. Additionally, a major part of the continent’s diet includes animal products, which is leading to an increase in the number of production animals. Similarly, owing to the rising awareness about diseases in production and companion animals, Europe has also been a significant consumer of animal pharmaceuticals.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=animal-healthcare-market

The demand for such drugs is expected to witness the sharpest rise in Asia-Pacific (APAC) in the near future, on account of the surging export of animals from the region to other parts of the world. This is impelling poultry and cattle farm owners to ensure the good health of the animals being exported, as before transportation, animals are rigorously tested for diseases. Failing to keep animals disease-free can lead to heavy fines for the owners or even the closure of their business.

 

Therefore, with the increasing awareness on the health of animals, the demand for drugs, for them, will also rise.

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Energy Market Price Analysis Market Reports Market Size

What are Major Global Genset Market Drivers?

The burgeoning demand for data centers is one of the key factors driving the progress of the market. Due to the creation of large volumes of data every day, the requirement of adequate data storage, analysis, and collation facilities is soaring rapidly across the world. Additionally, the increasing incorporation of internet of things (IoT), intelligent personal assistants, accounting services, digital currencies, and autonomous cars is fuelling the surge in the need for data centers, which is, in turn, causing huge sales of gensets and propelling the growth of the market.

From $17,592.6 million in 2019, the global genset market is expected to reach $27,863.0 million by 2030, witnessing a CAGR of 5.8% during 2020–2030 (forecast period).

Get  a sample copy of this report: https://www.psmarketresearch.com/market-analysis/genset-market/report-sample

Depending on fuel type, the market is divided into diesel, gas, and gasoline categories, out of which, the diesel category is predicted to account for the largest market share in the forthcoming years. This is attributed to the easier availability of diesel than gasoline and gas. In addition to this, the poor logistics of natural gas severely affects the sales of the gas-powered gensets even though these gensets are much cheaper in comparison to the diesel ones.

The ballooning utilization of gensets in the above-mentioned applications has massively increased the competition amongst the various genset manufacturing companies across the world. Many companies are taking numerous measures, such as frequently launching new products, in order to gain foothold in the genset market. For example, Mahindra Powerol Ltd., Atlas Copco AB, Caterpillar Inc., Cummins Inc., and many other genset manufacturing firms developed new gensets over the last few years for expanding their portfolio.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=genset-market

The ballooning utilization of gensets in the above-mentioned applications has massively increased the competition amongst the various genset manufacturing companies across the world. Many companies are taking numerous measures, such as frequently launching new products, in order to gain foothold in the genset market. For example, Mahindra Powerol Ltd., Atlas Copco AB, Caterpillar Inc., Cummins Inc., and many other genset manufacturing firms developed new gensets over the last few years for expanding their portfolio.

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Market Price Analysis Market Reports Market Size

Oleic Acid Market to Witness Growth due to Rising Preference for Healthier Food Items

The global pharmaceutical industry, which is responsible for the production, development, and marketing of medications, has been registering considerable growth since the past few years. This is due to the rising prevalence of chronic diseases, surging geriatric population, and increasing investment for research & development (R&D) in the industry. The industry is highly dependent on R&D activities, which is why major pharmaceutical organizations invest 20% or more than that in the R&D department. A major product which is being utilized widely in the pharmaceutical industry is oleic acid, and the due to the growth of the industry, the demand for oleic acid is growing as well.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/oleic-acid-market/report-sample

A significant demand for oleic acid was created in the past for surfactant and emulsifying agent applications, which is due to the wide utilization of these products in a number of industries. Cosmetic & personal care, chemical, textile, food & beverages, and pharmaceutical are the major end-use industries of oleic acid. The cosmetic & personal care industry created a significant demand for oleic acid in the past, which is ascribed to the surging population that is generating high requirement for grooming products. Other than this, the demand for oleic acid is also predicted to increase from the food & beverages industry, owing to the rising need for dietary supplements and functional food.

Geographically, the Asia-Pacific region is projected to emerge as a major oleic acid market during the forecast period. This is on account of the swift growth of different end-use industries in emerging economies, including Indonesia, China, and India. In addition to this, government approval for the utilization of oleic acid in the food & beverages industry is also leading to the expansion of the domain. As the consciousness towards health among people is rising, people are opting for the food items rich in protein and minerals, thereby resulting in the growing adoption of oleic acid.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=oleic-acid-market

Hence, the expansion of the pharmaceutical industry and growing adoption of healthier food items is leading to the increasing demand for oleic acid.

Oleic Acid Market Competitive Landscape

Some of the major companies operating in the global oleic acid market are Eastman Chemical Company, Berg + Schmidt GmbH & Co. KG, VVF LLC, KLK OLEO, Emery Oleochemicals Group, Wilmar International Limited, Oleon NV, White Group Public Co. Ltd., Croda International Plc, and Kraton Corporation.

Categories
News

Demand for Solar Trackers Growing due to Need for Increasing Efficiency of Solar Modules

As the demand for energy is increasing, the utilization of renewable energy, including solar energy, has risen significantly as well. Solar energy is one of the cleanest forms of energy all across the globe and significantly help in reducing carbon emissions. While before, solar was only being used in the commercial sector, owing to its high price, these days, the price of solar panels has decreased and they are also being installed in residential sectors. Governments of various countries, such as Japan, are also taking initiatives for increasing the adoption of solar energy.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/solar-tracker-market/report-sample

Attributed to this, the demand for solar trackers, which are used for enhancing the efficiency of solar panels, is rising as well. As per a report by P&S Intelligence, the global solar tracker market is expected to progress at a considerable rate in the years to come.

This is owing to the fact that solar trackers aid in increasing the energy generation considerably, thereby leading to the distribution of energy in an efficient manner. Geographically, North America is predicted to emerge as a major solar tracker market in the coming years. This is because of the reduction in the cost of solar panels and imposition of strict environmental regulations for reducing carbon emission level produced by non-renewable energy laboratory. For example, according to the National Renewable Energy Laboratory, the cost of commercial photovoltaic systems reduced from $1.88/W in 2017 to $1.83/W in 2018, registering a decline of about 3%.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=solar-tracker-market

Hence, the demand for solar trackers is growing due to the increasing utilization of solar energy and need for increasing efficiency of solar modules.

Based on region, the solar tracker market is categorized into North America, Europe, Latin America (LATAM), Asia-Pacific (APAC), and Middle East and Africa (MEA). Among all regions, North America holds considerable share in the market, owing to rapidly declining panel costs along with the implementation of stringent environmental regulations to reduce the carbon emission level generated by non-renewable sources. For instance, as per the National Renewable Energy Laboratory (NREL), module costs for commercial PV systems decreased from USD 1.88/W in 2017 to USD 1.83/W in 2018, witnessing a decline of around 3%.

 

Categories
Analysis Forecast Coronavirus COVID-19 Industry Impact Energy Market Price Analysis Market Reports Market Size

Demand for Pad-Mounted Transformers Increasing in Asia-Pacific

The need for using energy efficiently is increasing day-by-day, which can be ascribed to the surging population across the globe and inadequacy of existing energy resources to fulfill the needs of this population. In addition to this, because of excessive utilization of fossil fuels for generating energy the ozone layer has started depleting. Therefore, in addition to using efficiently, reducing carbon dioxide emissions is also crucial.  Energy efficiency can effectively decrease the consumption of power, thereby resulting in decreased electricity cost as well. Thanks to digitization, it has now become possible to make use of internet of things (IoT) and other technologies to achieve energy efficiency in an easier way.

Get a sample copy of  this report: https://www.psmarketresearch.com/market-analysis/pad-mounted-transformer-market/report-sample

Between these two, the demand for pad-mounted transformers with power rating less than 1 MVA is expected to be significant in the years to come, which can be attributed to the growing utilization of these devices in commercial and residential sectors. The number of power consuming devices in commercial spaces and houses is increasing, and since these devices need less energy than industries, transformer with lower power rating is suitable for them. Industrial, commercial, and residential are the major application areas of pad-mounted transformers, among which, the demand for these devices is projected to be high for industrial and commercial applications in the coming years.

This can be owing to the swift industrialization and increasing commercial construction activities, such as shopping malls, recreational centers, and hotels. Geographically, the Asia-Pacific region is expected to emerge as a major pad-mounted transformer market in the years to come. This is due to the presence of key players in developing countries, including India and China. Furthermore, the upgrading distribution and transmission network in India, Malaysia, and China is also creating increasing requirement for these devices.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=pad-mounted-transformer-market

Hence, the demand for pad-mounted transformers is growing due to the rising need for consuming less energy.

Geographically, the pad-mounted transformer market is categorized into North America, Europe, Latin America (LATAM), Asia-Pacific (APAC), and the Middle East and Africa (MEA). Among all regions, APAC holds substantial share in the market, due to the presence of rapidly emerging economies, such as China and India, which are currently witnessing increasing demand for pad mounted transformers to provide electricity to rural areas. Furthermore, upgradation of transmission and distribution network in Malaysia, China, and India also boosting the demand for the pad-mounted transformers.