Usage of Automated Machines for Corrugated Box Manufacturing and Growth in Electronics and Consumer Appliances Industry has Supported Corrugated box Industry in China: Ken Research

Expanding end user segments including cosmetics, packaged food industry, pharmaceuticals, paints, pesticides, distillery products, introduction of colour variants in corrugated box and rising number of manufacturers has pushed China corrugated box market forward during the review period.

The report titled “China Corrugated Box Market Outlook to 2022 - By End Users (Electronics and Consumer Appliances, Food and Beverage, Beauty and Personal Care, Others), By Wall Type (Single Walled, Double Walled, Triple Walled), by Colored and Non Colored Boxes” by Ken Research suggested a growth at a CAGR of close to 9% in China corrugated box market by 2022.

The sale of corrugated box has increased registering an annual growth rate of close to 10% in 2017. The corrugated box not only caters to the packaging needs of the end user but also protects the environment as its products are 100% eco-friendly. Factors such as increasing demand from fresh food and beverages, home & personal products, electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging and growth of the E-commerce industry have propelled the growth of the Chinese corrugated boxes. During the period 2012-2014, the production of corrugated boxes increased by 10 million tons. The period saw an unprecedented level of growth from 2013-2014 when the production of corrugated boxes grew at a double digit growth rate. China’s economic slow-down affecting demand from the downstream industries, fluctuation in prices and tightening environmental regulation forced many small players to shut down their operations. Environmental concerns have been taken during the period such as developments in lightweight boxes and resource-effectiveness.

The period between 2016 and 2017 witnessed huge fluctuation in the prices of the corrugated boxboard paper prices. The price of the corrugated boxboard paper rose from RMB 4,810/ton in 2016 to RMB 5,690/ton in 2017. The price fluctuation trend is expected to be continued in 2018 because of the China’s imposed ban on the import of waste paper, which is an essential ingredient in the manufacturing of corrugated board, from western nations. The industry introduced new heavyweight products such as billerud flute semi-chemical fluting. Primarily, targeted at replacing wooden packaging, this product is also able to replace double-walled board with an overall lighter weight single wall substitute. These factors have together contributed in the development of the market.

Products Covered:

By type of box (single walled, double walled and triple walled), by end user (FMCG, Beauty and Personal, Electronics & Appliances and Others), by Type (Color and non colored) and by type of players (Organized and Unorganized)

Companies Covered:

Xiamen Hexing, MYS Group, Rengo, Shanying, Bingxin, Yeun Foong Yu, Pacific Millennium and Shengda Group

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/china-corrugated-box-market/152686-100.html

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Birthrates Controlling The Portugese Baby Food Sector Market Outlook: Ken Research

According to the study, ‘THE BABY FOOD SECTOR IN PORTUGAL, 2018’, sales of all baby food products have recently noticed an increase after a stall in past years. Also, the hectic modern lifestyle has created a demand for convenience products. Portugal has the second lowest birth rate in Europe after Italy but the involvement of the economic landscape of the country cannot be denied. Several years of recession had made families postpone their decision to have babies but now the country has reported reduction in population by a smaller margin.

Portugal’s baby food sector when reviewed presents quite a fluctuating trend. The birthrates in Europe had been declining for a long time even before the 2000s however, the situation changed a little when European governments welcomed immigrants and initiated cash benefits for young couples starting families. The situation seems to deteriorate once again and Portugal is among the countries bearing the brunt as its baby food consumption turns out to be lower when compared to that at the beginning of the decade. Additionally, increasing parental awareness about breastfeeding being superior not only in nutritional value but also in cost effectiveness has led to the hindrance in growth faced by the Portuguese baby food sector.

There still exists the section of working mothers that has actively opted for milk formula and this product is considered among the main growth drivers of this industry. Packaged or canned baby food such as baby rice and fruit is seen as a convenient substitute or supplement to homemade baby food.

Baby meals account for more than one-third of the baby food market in Portugal. First-stage milks continue to account for the largest share in volume terms. Second-stage milks have seen a decrease in their share due to the decline in births although it remains the second largest segment. Special dietary formulae are the smallest segment accounting for one-tenth of the sales in 2017. Plastic containers of baby food are offered by giants such as Nestle. The Swiss company Nestle with its subsidiary Nestle Portugal continued to lead sales in 2017 having nearly half of the entire value share due to its operations in various branches of baby food. DANONE and Milupa are also significant players. DANONE is famous for milk products and cereals. Milupa is a trustable company that has specialization in bottled milk formula such as Aptamil which is a highly renowned and widely used product. Mead Johnson Nutrition is an American company that has mainstream products such as Enfamil which are specialized products of milk formula for infants. The company is among the big players in Portugal’s baby food market. Despite intervention of many international players Nestle and DANONE are the two manufacturers that mainly control the supply of baby food in the country.

The improving economic conditions faced by the country are expected to positively affect the birth rate of the country. Parents’ willingness to adopt nutritionally improved foods that are organic in nature is believed to boost value sales. However, the demand for baby cereals is expected to show no overall growth.       

To know more click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/baby-care/the-baby-food-sector-portugal/150268-95.html

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Pharmaceuticals and Cosmetics industry to boost Asia Citral Products Industry: Ken Research

Citral is an aroma chemical used in the flavours and fragrance industry. 3,7-dimethyl-2,6-octadienal is its chemical name. Citral has the characteristics that of oils in lemon and Litsea cubeba and the chemical offers a citrus, fruity, green note. Citral is used in the synthesis of linear monoterpenes, sesquiterpenes, and diterpenes. It is a valuable intermediate for the synthesis of odorants, terpinoids, and vitamins in pharmaceutical sector. International Fragrance Association (IFRA) recommends that if any material used to impart perfume or flavour in products intended for human ingestion should consist of ingredients that are in compliance with appropriate food regulations and flavourings within the countries the product is sold. Citral is a chemical used in food products and producers need to keep a watch on the purity of the product. Few countries consider citral as a synthetic flavouring substances and adjuvants that are recognized as safe for use.

According to the study “Asia Citral Products Industry Situation and Prospects Research Report”, various types of citral available in the Asian markets are natural citral and synthetic citral. Citral obtained from natural sources is natural citral, whereas citral manufactured chemically in laboratories is the synthetic citral. Natural citral is more expensive compared to synthetic citral. Synthetic citral is manufactured using isobutylene and formaldehyde to form isoprenol. Therefore, majority of the synthetic citral is produced from isoprene. Additionally, citral market is categorized based on applications such as fragrance, flavour, and synthesis of vitamin A and E. Within the fragrance segment application, it is again categorized into cosmetics, detergents, perfumes, personal care products, and cleaners. The flavour segment is further categorized into confectionery, beverages, and others.

Geographically, Asia citral products industry is spread across China, India, Korea, Japan, Saudi Arabia and other regions. The leading players in Asia citral products industry are BASF, Kuraray, Kalpsutra Chemicals, Rajkeerth Aromatics and Biotech, Industrial and Fine Chemicals, Zhejiang NHU, Wuxi Lotus Essence, Shanghai Xianjie Chemtech, Guangzhou Ri Hua Flavor and Fragrance, Jiangxi Global Natural Spices and Chengdu Jianzhong Flavors and Fragrances.

Asia is the largest consumer of citral in the production of various products such as cosmetics, detergents, perfumes, personal care products, and cleaners. China is the leading producer of perfumed products, in which citral is majorly used. The major market challenge in Asia’s citral products market is the stringent regulations controlling the flavour and fragrance industry. Increasing demand for perfumed consumer goods and increase in disposable income of individuals has led to the expansion of Asia’s citral products market and will continue over the next few years.

To know more, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-citral-products-industry-situation-and-prospects-research-report/145737-101.html

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Technological Improvements to Drive Asia’s Chrome Steel Grinding Media Balls Market: Ken Research

Ball mill is typically a grinder used for grinding or mixing materials into extremely fine particles or powders. Ball mill works on the principle of impact where the grinding media are balls made of chrome steel, stainless steel or rubber. Ball mill is extensively used for grinding crushed materials in various production lines for powders such as cement, fertilizer, pyrotechnics, refractory material, silicates, paints, laser sintering, glass ceramics as well as for ore dressing of both, black and non-ferrous metals.

Chrome steel balls are used as grinding medium in ball mills because they are low cost and high energy-efficiency due to its low medium of grinding. Additionally, a ball mill adapts for open as well as closed circuit grinding and for batch and continuous operations. The major concern with most of the industries is the high maintenance costs of grinding mills which in turn contribute to excessive operating costs. The integrated drive system coupled with grinding chrome steel balls in the ball mill is extremely energy efficient helping operators to produce finished materials at the lowest possible cost per ton. It was observed that there is a huge demand for chrome steel grinding media balls due to technological improvements, optimum efficiency, reduced downtime and increased output. This trend is enhancing the production goals and operating economics.

According to the study “Asia Chrome Steel Grinding Media Balls Industry Situation and Prospects Research report”, various grinding media are used to finely grind materials to a size which allows recovery of the desired product. The different forms of grinding media are balls, cylpebs, rods or even beads.

The technical barriers of various grinding media are relatively not high, resulting in numerous leading vendors. Magotteaux, AIA ENGINEERING LIMITED, Estanda, Christian Pfeiffer, TOYO Grinding Ball Co, Scaw, FengXing, Ruitai, Qingzhou Dazhong, Zhangqiu Taitou, Jinchi Steel Ball, NingGuoXinMa, DongTai and Zhiyou are the leading vendors in Asia chrome steel grinding media balls industry.

Chrome steel grinding media balls are used in various industries due to its efficiency as well as durability in industries such as cement, metallurgy, thermal power, chemical engineering, ceramic & coating, papermaking, magnetic materials, and others. The major consumers of chrome steel grinding media balls are power plants and metallurgy industries which account for more than 70 % of the total. The varying applications of high chrome steel grinding media balls are paint industry, ink industry, cosmetics industry, and metal powder industry. The chrome steel grinding media balls possess properties such as high quality, reasonable price, on-time delivery, dimensionally accurate, durability and sturdiness.

All the leading players are focussing on technological innovations, equipment upgrades, and process improvements to improve quality at low cost. The improvement in energy, transportation cost, employee wages, and equipment depreciation has led to the decrease in the cost of chrome steel grinding media balls. Chrome steel grinding media balls are tough and long lasting that will help in reducing the processing cost within an industry. Steel, carbon, silicon, sulfur, manganese, phosphorus, chromium and others are used in the manufacture of high chrome steel grinding media balls. With industrialization and wide use in milling and processing applications has encouraged a positive growth in Asia’s chrome steel grinding media balls market and will continue over the next few years.

To know more, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-chrome-steel-grinding-media-balls-industry-situation-and-prospects-research-report/145734-101.html

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The Future Of Oil And Gas Industry In The G8 Countries Market Outlook: Ken Research

According to the study, ‘OIL & GAS GLOBAL GROUP OF EIGHT (G8) INDUSTRY GUIDE 2013-2022’, considering the G8 countries which excludes the Middle East, USA is the leader in the oil and gas industry producing huge amount of oil.

Global Oil and Gas Industry is growing year on year during the last decade due to increasing demand for oil especially from the developing countries such as India and China. Developing countries require crude oil in order to fuel their growth further. The primary hub for oil industry is the Middle East which holds most of the oil reserves thus putting them at an advantageous position. In January 2016, USA’s ban on export of oil was lifted and ever since the United States export of oil, liquefied natural gas (LPG) and refined products continue to rise. Although, United States is still a net importer of oil however, its recent advancements in the industry could potentially change its position in the international market. This would further change the USA’s stance on geopolitics and national security. Given Mexico’s geographical location and close proximity, it could prove to be a good market for USA’s oil and natural gas industry especially refined products but only if USA is able to maintain good relations with Mexico. The unconventional cost reduction that has been achieved by manufacturers in the United States is their major USP. Cost reductions are an important aspect of not just the oil manufacturers but also the natural gas industry where the producers have not been just able to reduce the cost but also sustain the lower cost. Some major companies that function in the USA include Exxon Mobil, Chevron and ConocoPhilips.

Various studies conducted by organizations in Russia, prove that the industry experts are satisfied with the current state of affairs of the Oil and Natural Gas Industry and expect this to industry to grow in the future. The cost of oil and gas industry in Russia is very stable which is expected to show stability in the future with no erratic shifts. This shall aid the industry in growth in the coming years as the current levels of production can grow easily. The Russian Industry aims to cash in on the growing demand globally with little focus on national demand which is growing at a slow pace. Companies in Russia are investing large amount in the R&D segment to improve on the quality of their produce.

As per the available data, Japan ranks among the top 5 countries which consume the maximum oil and its major oil dependency is met from the Middle East especially the United Arab Emirates. Recent steps by the Japanese government in order to develop the self development ratio (SDR) of oil in proportion to its oil imports which has given a boost to the oil and natural gas industry. These steps include providing financial assistance for sea exploration via the government agencies such as Japan Gas, Oil and Metals National Corporation and Japan National Oil Corporation.

Although the world might be shifting to renewable forms of energy however, with the entry of United States in the global market could potentially mean the changing of the entire industry landscape. The demand would also be met strongly from the Russian and Japanese companies who are producing huge amounts of oil and gas in order to enhance their market share.

To know more click on the link below:

https://www.kenresearch.com/energy-and-utilities/oil/oil-gas-industry-guide/149775-103.html

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China Corrugated Box Market Outlook to 2022-Ken Research

The report titled “China Corrugated Box Market Outlook to 2022 – By End Users (Electronics and Consumer Appliances, Food and Beverage, Beauty and Personal Care, Others), By Wall Type (Single Walled, Double Walled, Triple Walled), by Colored and Non Colored Boxes” provides a comprehensive analysis on the China corrugated box Market. The report covers various aspects including introduction and genesis to corrugated box market in China, China corrugated box market size by revenue, China corrugated box market segmentation by type of box (single walled, double walled and triple walled), by end user (FMCG, Beauty and Personal, Electronics & Appliances and Others), by Type (Color and non colored) and by type of players (Organized and Unorganized). Major players covered in the report include Xiamen Hexing, MYS Group, Rengo, Shanying, Bingxin, Yeun Foong Yu, Pacific Millennium and Shengda Group.). The report also covers Value Chain Analysis, investment model to set up a corrugated box plant in China, Government regulations, buying decision parameters from end user point of view, Snapshot on China Kraft paper market, Export and Import trade scenario, along with analyst recommendation and macroeconomic variables.

Market Overview

China corrugated box industry is an inevitable part of manufacturing sectors which rely heavily on corrugated packaging for finished goods transportation and handling. China corrugated box industry grew at a single digit CAGR during the period 2012-2017. Factors such as increasing demand from fresh food and beverages, home & personal care goods, electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging and growth of the e-commerce industry have propelled the growth of the China corrugated boxes market.

Market Segmentation

By Wall Type/Box

In 2017, Double Walled type of box has dominated the China corrugated box market with a majority share in terms of sales volume in 2017. Double Walled type of box has dominated the market as these boxes are now manufactured through fully automatic machines which increases the strength of the box and is used in place of Triple Walled and other type of boxes. Single Walled, Triple Walled and other boxes have contributed remaining share in the market.

By End User

In 2017, Electronics and Consumer Appliances have dominated the demand for China Corrugated box market. Electronics and Consumer Appliances contributed more than half of the share to the total sale of corrugated box market in terms of sales volume in 2017. Food and Beverage sector contributed second highest contribution to the total sale of corrugated box in terms of sales volume during 2017. Beauty and Personal Care contributed third highest share to the total sale of corrugated box in China in 2017.

By Non-Colored/Colored Box

In 2017, Colored box has contributed highest share in terms of sales volume in 2017. Non-colored boxes have second highest sales contribution in terms of sales volume during 2017.

By Organized and Unorganized Players

In 2017, unorganized players have dominated the market with a highest share in terms of sales volume while organized players contributed the remaining share in terms of production volume. This is owing to the fact that the corrugated box industry in China is highly fragmented with a lot of players with low production capacity, outdated technology and limited expertise. There are very few large enterprises which provide total comprehensive solution.

Competitive Landscape

The market for corrugated boxes in China is highly fragmented with the largest player having an insignificant share in the market. Xiamen Hexing Packaging & Printing Co., Ltd., Shengda Paper Packaging Co., and MYS Group are the leading companies in the China Corrugated Box market. Apart from manufacturing corrugated box, these companies also produce their own corrugated paper medium and corrugated paper boards. Shanghai Xingtonglian,Henan Gorgeous Paper Packaging, Wuhan Yudu Paper Packaging and Scihuan Kangli are some other leading corrugated box manufacturing companies in China.

Future Analysis and Projections

China corrugated industry is expected to increase at a single digit CAGR between the period 2018 and 2022 in terms of revenue due to the elevating demand from the end user segment in order to store and to transport their end products. Increasing the demand of safe and cushioned packaging of the product will augment the growth of China Corrugated box market. The market will undergo considerable change from its current fragmented state to a more consolidated one driven by increasing demand from the market regarding better quality corrugated box and support services. Demand for retail corrugated packaging has also been projected to increase due to growing number of supermarkets in the country.

Key Topics Covered in the Report:-

China corrugated box market introduction

China corrugated box market size

China corrugated box market segmentation by type of Box/box (Double Wall, Single Wall, Triple Wall), by end user (FMCG, Beauty and Personal Care, Electronics & Appliances and Others), by type of Box (Colored and Non-colored) and by type of players (Organized and Un-organized)).

Snapshot on China Kraft Paper Market

Competitive landscape in China corrugated box market

Company profiling for major players in China corrugated box market

Government regulation in China corrugated box market

Buying decision parameters from end user point

Export and Import trade scenario

China corrugated box market future outlook and projections

Analyst Recommendations

Macroeconomic Factors in China corrugated box market

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/china-corrugated-box-market/152686-100.html

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Understanding The Global Fashion Duty Free Retailing Market Outlook: Ken Research

According to the study, ‘GLOBAL FASHION DUTY FREE RETAILING, 2017-2022: MARKET & CATEGORY EXPENDITURE AND FORECASTS, TRENDS, AND COMPETITIVE LANDSCAPE’, major fashion brands that operate in this segment include Burberry, Calvin Klein, Ralph Lauren, Hugo Boss, Tommy Hilfiger. Owing to the huge investment that is involved in coming up with a duty free outlet, only companies that are very resourceful and possess great financial potential are able to venture in this segment of retailing.

Global Fashion Duty Free retailing includes the sales of clothing, footwear, luggage and leather goods which are all duty free. Duty free basically implies the goods that are exempt from the payment of duty that is required to be paid on purchase of an article. The global fashion duty free retailing market has recently reached a huge amount in terms of volume as well as value and the industry is expected to grow at a modest rate in the coming future. This increase has been mainly due to certain key factors driving the growth of this industry.

There are multiple key growth drivers for this industry and these include:

·         Increasing airport traffic: Major airports all around the world are witnessing a growth in the average passenger traffic annually. Since, many showrooms offer duty free fashion products at airports, this industry is booming corresponding to it.

·         Increasing brands: Studies suggest that the number of brands that offer duty free product has been constantly on the rise from the past 5 years. This is due to the fact that big organizations and companies have realized the demand potential from this segment. This has fuelled the growth of the duty free market of fashion products.

·         Increasing retail space openings: The average number of retail space openings across countries has been growing throughout the last decade. Since, the number of retail space opening increase, so do the number of brands that open their outlets not just for selling their products but also for selling their duty free products.

·         Increasing duty exemptions: The duty exemptions on products have seen an upward trend in the recent years. Increasing duty exemptions lowers the price of new products which automatically drives up the demand for these products.

Region wise trend has been the rising demand from the Asia – Pacific region. The major reason for growing trend from this particular region is the rise in tourism industry in Asian region coupled with rise in airport traffic. This leads to the highest growing demand from the Asia – Pacific region. Although, the overall industry is led by European region in terms of value as well as volume, South Korea currently remains the biggest market duty free fashion products and is expected to remain the highest growing market for the coming 5 years as well.

In the duty free fashion retailing segment personal care products such as razors, talcum, shampoo are one’s that have the highest demand and dominate the market segment. This trend shall witness no slowdown in the coming years and personal care products shall be the dominating product category.

While the overall industry is showing trends of modest growth in the future, there still remain many threats. All the companies new and existing carefully need to analyse these problems before making any move. The competition landscape is very tight primarily due to the increased cost of investment associated with duty free service outlets. They either cost way too much or the rental price is way too high. All the companies that hope to enter this segment could profit immensely if they could surpass this problem related to physical infrastructure.

To know more click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/global-fashion-duty-free/150623-95.html

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Demand for Premium and Toasted Wines to Claim Asia’s Cork Oak Stopper Industry: Ken Research

Cork is a material used as stoppers for majority of the bottle, especially wine bottles. Cork oak plantations are typical species that can survive in the western Mediterranean region for an average of 200 years. Cork oak is a material that is 100% natural, recyclable, reusable and renewable. Cork oak is harvested, in late spring or summer (middle of May to the middle of August). The raw material for cork products is harvested from the cork oak tree. Cork oak is the only plant species on Earth capable of producing corks in a sustainable manner and quality. Therefore, it is a unique industry in the world that helps in the preservation of the flora and fauna. Cork oak trees possess voluminous bark, good longevity of wood and an enormous capacity for regeneration. The outer bark of cork oak tree is homogeneous, formed by an impermeable, elastic tissue with thermal insulating properties. Cork is made up of bark which is removed without damaging the tree, enabling it to be regenerated. Cork oak tree is considered as the most endangered and emblematic species in the world. The cork oak bark renews itself after harvesting and no trees are cut down.

Cork oak forests are home to endangered species and are being protected and valued due to the centuries old demand for corks in the wine industry. However, the increasingly popular use of alternative bottle stoppers has threatened the environment and economically sustainable industry that leaves cork forests unprotected. Cork oak forests are found in Portugal, Spain, Algeria, Morocco, Italy, Tunisia, and France. The harvesting of cork oak is the finest examples of traditional and sustainable land use.

Cork oak stopper is a narrowing stopper which is used to plug wine, spirit bottles, and or lab flask, to avoid any leakage. These stoppers are moisture resistant and are also chemically inert. Various cork stoppers range from premium natural cork, agglomerated cork or the mixtures of two or more materials which are manufactured based on the requirement. The natural cork oak stoppers are the best stoppers for ageing of premium wines. These stoppers allow the right amount of oxygen in contact with wines, thereby, adding the desired flavour and aroma to the wines.

On the basis of product type, cork oak stoppers market in Asia is segmented into natural cork stopper, colmated cork stoppers, champagne wine cork stoppers, sparkling wine cork stoppers, agglomerated cork stoppers, technical cork stoppers, bar top cork stoppers, and multi-Piece cork stoppers. Cork oak stoppers market in Asia is used for various applications such as fluids, gels and others. Geographically, cork oak stoppers market in Asia is spread across China, India, Korea, Japan and other regions. The leading players in cork oak stoppers market in Asia are Nomacorc, Cork Supply, Corticeira Amorim, MaSilva, Lafitte, Rich Xiberta, Portocork America, WidgetCo and Jelinek Cork Group.

Cork oak consists of properties such as high buoyancy, elasticity, and flame retardant property. Cork oak material is impermeable and moisture resistant; thus, cork oak stoppers are employed in the storage of acids in laboratories. Additionally, the rise in investments in research and developments is boosting the cork oak stoppers market in Asia. Modernization, rising disposable income, emerging economies and industrialization are encouraging the beverage industry which is developing interests in wine consumption coupled with demand for cork oak stoppers. The increasing consumption of wines and beverages is propelling the growth in cork oak stoppers in Asia and will continue over the next few years.

To know more, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-cork-oak-stopper-industry-situation-and-prospects-research-report/145758-101.html

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