3 Key Insights on US$ 50 Bn Opportunity in the Global Oleochemicals Market: Ken Research

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Key trends driving market expansion include the recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and the growing demand from the end-user industry such as pharmaceutical, cosmetics, and food industries, the Global Oleochemicals Market is Forecasted to Reach US$ 50 Bn by 2028 says Ken Research Study.

Oleochemicals are chemicals created from the organic fats and oils found in both animals and plants. It is made by separating glycerol and fatty acids from the fats and oils' triglyceride structure. Different forms of oleochemical substances, such as fatty acids and fatty alcohols, are produced by hydrolyzing or methylating oils and fats.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Consumption of Renewable, Sustainable, and Bio-Based Chemicals in Various End-User Industries Has Created a Specialized Demand for Oleochemicals Products

According to Research estimates, the Global Oleochemicals Market – which was valued from around US$ 20 Bn in 2017 to nearly US$ 30 Bn by 2022 – is expected to grow further to more than US$ 50 Bn opportunity by 2028.

Oleochemicals are widely used in various end-user industries. These are widely utilized for the preparation of polishing, and treating agents in leather products, softeners, general industrial lubricants, vulcanizing agents, biodegradable base oils, hydraulic fluids, culture media, shampoos, creams, soaps, protective coatings, etc. Additionally, the opportunity to replace petroleum-based products is creating immense opportunities for the growth of the Global Oleochemical Market.

2. Oleochemicals as a Replacement to Petroleum-Based Products is Positively Impacting the Market Growth

Fossil fuels pose a negative impact on the environment as when burned, release a large amount of carbon dioxide, particularly petroleum. Governments are increasing regulations for petroleum's moderate use. Oleochemicals are a preferable substitute for chemicals derived from petroleum. Additionally, oleochemicals are environmentally beneficial and sustainable, resulting in reduced pollution. These factors are causing the oleochemicals market to grow steadily and are anticipated to continue doing so over the projected period.

According to a report published in Oil & Fat Magazine (magazine) in April 2021, the production of Biodiesel in Malaysia was 6.4 million tonnes in 2019 and in 2020 it jumped around 56% to become 1 million tonnes. By the end of 2021, biodiesel production in Indonesia is expected to reach 17 million tonnes.  

3. The emission of Volatile Organic Compounds (VOC) is a Major Concern Which Impedes the Growth of the Global Oleochemicals Market

Despite all of its benefits, Oleochemicals have a certain adverse impact on the environment such as VOC and other harmful gaseous emissions, wastewater release, hazardous waste release, etc. Volatile organic compounds are produced during the pre-treatment of poor-quality glycerin solutions or in vacuum generation systems. Also, Air emissions from fatty acids production mainly include fugitive emissions of volatile organic compounds. Volatile organic compounds can cause odor emissions due to the presence of low molecular weight decomposition products. These factors are expected to hamper its acceptance by end-users and consequently limit the growth of the market.

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According to research conducted by Aerosol and Air Quality Research (AAQR), in 2017, in California, USA, in rendering plants, the volatile organic compounds (VOCs) found at high concentrations are acetic acid (80–320 ppb), acetone (55–241 ppb, along with nine other aldehyde/ketone products ranging from 0.4–60 ppb), and ethanol (15–81 ppb). These constituents have low odor thresholds and thus contribute to nuisance odor problems.

Key Topics Covered in the Report

• Snapshot of the Global Oleochemicals Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Oleochemicals Market
• Historic Growth of the Overall Global Oleochemicals Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Oleochemicals Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• COVID-19 Impact on the Overall Global Oleochemicals Market
• Future Market Forecast and Growth Rates of the Total Global Oleochemicals Market and by Segments
• Market Size of Product Type / Application Segments with Historical CAGR and Future Forecasts
• Analysis of the Oleochemicals Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

• Emery Oleochemicals
• BASF SE
• Wilmar International
• Godrej Industries
• Cargill Inc.
• Kao Corporation
• Edenor Technology Sdn Bhd
• Oleon NV.
• IOI Group Berhad
• P&G Chemicals
• Twin River Technologies Inc.
• Croda International plc.

Notable Emerging Companies Mentioned in the Report

• Matrix Life Science
• VVF L.L.C.
• 3F Industries Limited.
• Vance Bioenergy Sdn. Bhd.
• EGC Reliant, Inc.

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

Global Oleochemicals Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on Competitive Landscape in the Global Microgreens Market: Ken Research

 Global Players Dominate the Market Holding ~40% Revenue Share Despite the Presence of about ~200 Competitors Comprising a large Number of Country-Niche Players and Regional Players, finds a recent market study on the Global Microgreens Market

Microgreens are small and delicate vegetables that are harvested when they form two cotyledons, a cotyledon is the first leaf of the plant to emerge from the seed after germination. It is widely used for improving the flavor of various cuisines such as salads, soups, flatbreads, pizzas, juices, and smoothies. Microgreens can be harvested using multiple farming techniques such as indoor vertical farming, commercial greenhouses, and more, and are often used for residential and commercial purposes.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, while Country-Niche Players Dominate Representing ~60% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global microgreens market is significantly competitive with ~200 players, including globally diversified players, regional players, and a significant number of country-niche players with their niche in microgreens. The majority of the global microgreen companies, including AeroFarms, Good Leaf Farms, Fresh Origins, Gotham Greens, and Chef's Garden maintained their leading positions in the market through multiple new products development and the adoption of new technologies for farming different types of Microgreens with low harvesting time.

• In September 2022, AeroFarms launched the World’s largest indoor vertical Aeroponic Smart Farm, Aeroponics is the process of growing plants in the air or mist environment without using soil or any other medium. The farm is capable of growing more than 3 million pounds of organic microgreens per year, which use 95% less water and 99% less land than traditional microgreens.

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Increasing public awareness of health issues and the use of indoor Farming Is Likely to Provide New Growth Opportunities For The Global Microgreen Market.

Detailed comparative analysis of key competitors available within the Research Study shows the rising demand for microgreens for residential purposes as they are rich in vitamins, minerals, antioxidants, and fibers provides new opportunities for the global microgreens market.

• Microgreens are highly rich in vitamins, fibers, and minerals, which help with numerous problems such as high blood pressure, high cholesterol, gastrointestinal distress, and more.
• Microgreens such as broccoli, chicory, and lettuce have high levels of vitamin E and vitamin A that contain several antioxidants that help the consumer to avoid severe diseases like cancer and heart disease.

Increasing Government Initiatives and Policies are Likely to drive the growth of the Global Microgreens Market

• In January 2017, the Department of Agriculture and Agri-Food Canada (AAFC) which is the Government department that regulates agricultural policies regarding the production, processing, and marketing of all farm, food, and agri-based products, funded the Greenbelt Microgreens with more than US$ 468 thousands to develop the greenhouse facility for the production of Organic microgreens.

In January 2022, the Indian Government has been providing a subsidy of up to 75% for urban Farming under the Kerala State Horticultural Mission (SHM), under which the farmer received 16 pots and fertilizers, and seeds. This will promote the production of safe vegetables and microgreens i.e. no pesticides and weedicides, in urban regions more easily.

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Key Topics Covered in the Report

• Snapshot of Global Microgreens Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Microgreens Market
• Historic Growth of the Overall Global Microgreens Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Microgreens Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Microgreens Market
• Future Market Forecast and Growth Rates of the Total Global Microgreens Market and by Segments
• Market Size of Farming Method/End-user Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Microgreens Market
• Major Production/Supply and Consumption/Demand Hubs within Each Major Country
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Key Players Mentioned in the Report

• AeroFarms
• Good Leaf Farms
• Fresh Origins
• Gotham Greens
• Madar Farms
• 2BFresh
• Farmbox Greens
• Living Earth Farm
• Metro Microgreens
• Chef's Garden

Notable Emerging Companies Mentioned in the Report

• FARM2FAM
• Leafood
• Plenty
• UGF Farming
• Living Food Company

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Microgreens Producers
• Microgreens Farm Owners
• Microgreens Industry Association
• Microgreens Marketing & Distribution Companies
• Microgreens Products Manufacturers
• Government Ministries and Departments of Agriculture
• Government Ministries and Departments of Food
• Government Ministries of Consumer Affairs, Food, and Public Distribution
• Venture Capitalists Targeting the Microgreens Industry
• Organic Farming Companies
• Organic Farming Cooperative Societies
• Farming Research Institutes

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Microgreens Industry: Ken Research

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3 Key Insights on Competitive Landscape in the Global Vegan Cosmetics Market

 Global Players Dominate the Market Holding ~45% Share, Despite the Presence of about ~500 Competitors Comprising a Number of Country-Niche Players, Regional Players, and, Global Players, finds a recent market study on the Global Vegan Cosmetics Market by Ken Research.

Vegan cosmetics are made from plant-based ingredients and do not contain animal-derived ingredients such as beeswax, milk, gelatin, or collagen. They are primarily high in vitamins, which help to naturally plump out the skin and provide the nutrients required for cell regeneration. In addition, the antioxidants found, such as aloevera, tea tree, and camomile in plants are transferred to the skin, and the natural anti-inflammatory effects of such antioxidants reduce redness and irritation.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”

Country-Niche Players Comprise ~65% of the Total Number of Competitors, While Regional Players Represent ~30% Share in Terms of the Total Number of Players in the Market.

A comprehensive competitive analysis conducted during the Research Study found that the Global Vegan Cosmetics market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to enhance the texture, and appearance of products. The majority of global players are utilizing green sciences to create biotechnological formulas and circular product packaging to meet the rising consumer demand for environmentally sustainable and natural products. For instance, in March 2021, L’Oreal adopts a ‘Green Sciences’ approach to its operations and commits to transforming its Research & Innovation. Additionally, the company also stated that by 2030, 95% of its ingredients will be derived from renewable plant sources, abundant minerals, or circular processes.

Country-Niche Players' and Organization’s Ongoing Efforts to New technological Developments are Prompting the Growth the of Cosmetics Industry.

Detailed comparative analysis of key competitors available within the Research Study shows that numerous vegan cosmetics company, such as Biossance, Iba Cosmetics, Daughter Earth, Asa beauty, Arata, and more are highly focused on expanding their vegan offerings with new and innovative formulations for face, hair, and body. Furthermore, numerous companies and organizations are aggressively investing in smart skin analysis solutions, cosmetics nanotechnology, blockchain beauty, and 3D Printing.

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• In October 2022, Biossance debuted online with Sephora, a French retail company, for the UK market. In addition, Biossance will be available at the flagship brick-and-mortar store in London, which will open in March 2023.
• In April 2022, Arata launched a product line of hair care products, particularly for curly hairs in Asian countries. In addition, the ingredients in the hair care products primarily include shea butter, murumuru butter, fenugreek oil, and grape seed oil.

Increasing Government Initiatives, and Strategies Aimed at Prohibiting Chemical Testing for Cosmetics are supporting the Growth of Vegan Cosmetics.

Previously, government-led investment and involvement in cosmetic industry operations were relatively limited worldwide, with the industry relying primarily on private funding. However, in recent years governments conceded that the structure needed to be changed. Several governments across countries have begun to support cruelty-free and natural consumer products by enacting legislation that prohibits cosmetics animal testing.

• In February 2022, 8 U.S. states, including California, Hawaii, Illinois, Maine, Maryland, Nevada, New Jersey and Virginia passed legislation prohibiting cosmetics animal testing. Additionally, 42 countries, including European Union, Australia, Colombia, Guatemala, Iceland, India, Israel, Mexico, New Zealand, Norway, South Korea, Switzerland, Taiwan, Turkey, the United Kingdom and several states in Brazil, also enacted laws limiting or prohibiting animal testing in cosmetics.
• In July 2020, the Australian government initiate ban cosmetics animal testing to protect public health, worker safety, and the environment while having the least impact on business.

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

Asia-Pacific Vegan Cosmetics Market

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3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market

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3 Key Insights on Competitive Landscape in the Global Coconut Milk and Cream Market: Ken Research

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Global Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players, and Country-Niche Players, finds a recent market study on the Global Coconut Milk and Cream Market by Ken Research

Coconut milk has a liquid consistency made from shredded coconut and water and pureed until smooth, whereas coconut cream is comparatively much thicker and richer. Coconut cream is made from four parts of shredded coconut and one part of water simmered until it thickens.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Regional players constitute ~40% of the Total Number of Competitors and hold ~35% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Coconut Milk and Cream Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Coconut Milk and Cream. The global players comprise ~5% in terms of the number of companies and hold about 25% of the market share. Most of the global players are strategically launching new coconut milk and cream products in the market to fulfill consumers’ demands and hold a significant market share.

2. Leading Global Players Strategically Launching New Products in the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Danone SA, Nestlé, and PACIFIC FOODS OF OREGON among others are highly focused on strategic developments including product launches, expansion, and others to fulfill the growing demand for coconut milk and cream among consumers. Furthermore, several companies are focusing on introducing new coconut milk and cream products in the market to expand their company’s product portfolio, which is expected to boost the growth of the Global Coconut Milk and Cream Market.

• In June 2022, M&S Food Industries launched a new coconut cream product under its brand named “M&S Coconut Cream”. The new product has a creamier texture and is rich in flavor, suitable for various cuisines that need a creamier taste and rich texture. The company aimed to expand its product portfolio with the new product launch.
• In May 2021, Only Earth, a Singapore-based company, launched oat and coconut milk in India. The company is offering its products through several online stores including Amazon, Big Basket, and QTROVA. The product is valued at Rs 300 per liter and is also available at stores such as Nature’s Basket and Foodhall in some Indian cities. The company aimed to expand its presence and fulfill the growing demand for cruelty-free products.

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3. Increased Government and Manufacturers Initiatives Promote Coconut Milk and Cream Growth and Development 

• Coconut Development Board of India implemented schemes with the objective to enhance the production and supply of high-quality coconut. The government implemented these schemes to encourage the private sector and other agencies and provide financial assistance to establish coconut nurseries. The governmental body also implemented the scheme named “Expansion of area under control”, where the government is offering financial assistance depending on various factors. The main objective of the scheme is to enhance the production and productivity of coconut by removing diseases in advance, replanting with quality seedlings, and other practices.
• In October 2020, Goya Foods, Inc., invested US$ 80 million to expand its production and distribution facility in Texas. The company aimed to double its production to fulfill the growing demand for consumers. The company also offers coconut milk and cream products.
• In September 2019, the government of Nigeria initiated plans to make the country self-sufficient in coconuts. Nigeria offers a perfect climate for the growth of coconuts, but the country had been importing nearly 70% of the coconuts. To meet self-sufficiency, Nigeria launched a coconut planting initiative in Badagry to promote coconut as a cash crop. This initiative is led by the National Coconut Producers, Processors, and Marketers Association of Nigeria.

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

Global Coconut Milk and Cream Industry

Germany E-Commerce Logistics Market Analysis, Trends, Challenge and Outlook to 20206: Ken Research

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Market Insight

The report titled “Germany E-Commerce Logistics Market Outlook to 2026F- Driven by Rising Online Population, Technological Advancements and Demand for Sustainable Deliveries” by Ken Research provides a comprehensive analysis of the E-Commerce Logistics market of Germany. The report covers an overview and genesis of the industry, E-Commerce Logistics market size in terms of revenue generated, and by type of Shipments, Delivery Area, and the type of Company; trends and developments, technological advancements, government regulations, issues, and challenges. The report finally concludes with a competitive landscape including the competition scenario, cross comparison, strengths and weaknesses and company profiles of major players in the E-Commerce market, and analyst recommendations.

Germany E-Commerce Overview

E-Commerce Overview:

E-commerce in Germany is popular and doing well. As many as 94% of Germans actively use the internet, and 83% of them buy something online at least once a year. With a population of around 84 million people, almost 69 million Germans are shopping online – that’s a big market with great opportunities to explore. In 2020, according to Statista – 29% of German consumers shopped online at least once a week, and 31% at least once a month. There is no doubt that Germans like shopping online and that investing in this market if done right, can be very profitable. One of the best channels to reach potential customers are social media platforms – 78.7% of Germans use them regularly. Every day, an average German spends almost 5.5 hours online, so you have a lot of time to attract their attention.

How Is E-Commerce Logistic Market Positioned In Germany?

Market Overview:

Germany’s E-Commerce Logistics market was evaluated to grow at a double-digit CAGR during 2017-2021. The market is currently in the growth stage owing to the rising popularity of online platforms and increasing awareness amongst the population along with increasing government initiatives and investments in the sector. The increase in smartphone and social media penetration rates along with social media platforms such as Instagram, Facebook, and YouTube are also a major driver for growth. Also, innovative technologies are being introduced in B2C services, driving growth in the market. These technologies ensure growth in terms of competitiveness and better customer services which is driving the E-Commerce logistics in Germany.

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Germany E-Commerce Logistic Market Segmentations

By Types of Shipments: Domestic orders dominate the German type of shipment market. The international shipping cost from Germany usually includes partner fees, including fuel surcharges and customs handling charges.

By Delivery Area of Domestic Shipments: The number of intercity orders is more compared to Intracity. The reason is that Germany has an efficient logistics system in place and the people of Germany are not worried about the delay in deliveries.

By Mode of Shipment: Delivery by Land dominates the Germany Market. The last-mile delivery concept by land is efficient in regulating the traffic in the city, minimizing the negative impact on the environment. Majority of International parcels were from Netherlands, Poland and Austria. FedEx and DHL are amongst some companies that delivery by air.

By Delivery Period: The average transit time for first delivery attempt is around 1.3 days. ~% of the parcels are picked up from the collection point within 24 hours. ~% of the parcels are delivered within 1 business day. Around ~% of parcels were delivered at first attempt.

By Type of Company:

3PL is preferred by companies because it helps in cost saving and scales labor and transportation according to current inventory. 3PL allows access to cutting edge technologies in logistics and helps in improving scalability and customer satisfaction.

Snapshot on E-Commerce Retail Market

By E-commerce Retail GMV:

The gross merchandise value or total sales monetary-value for merchandise sold through a particular marketplace has increased over time.

By Germany E-Commerce Market Shipments: 24/7 availability of the products is also one of the reasons for the growth of e-commerce retail sales.

By Germany E-Commerce Market Average Order Value:

The increase in smartphone and social media penetration rate are major driver for growth.

Snapshot on Germany E-Commerce Warehousing Market

By E-Commerce Warehousing Market:

Rise in E-Commerce and demand for same day deliveries is expected to create growth opportunities in the warehousing sector in Germany.

Competition Scenario in Germany E-Commerce Logistics Market

The E-Commerce logistic market is consolidated and is home to multiple-digit E-Commerce companies and logistics services. Additionally, E-Commerce logistic companies are competing on parameters such as the Size of the Shipment, Standard Shipping (Last-Mile) (Euro), Weights, and Weighted Average. Iincreased technological innovations, expansion of warehousing by major companies, and existing market leaders like DHL and GLS have added more competition parameters in the market.

Germany E-Commerce Logistics Market Future Outlook and Projections

Germany’s E-Commerce Logistics market is expected to register a positive CAGR during 2021-2026F owing to an increase in the competition and customer expectations. Various technological advancements related to IoT, AI, and LiDAR are expected to drive the market in logistics where it will reduce human intervention and help in cost saving in logistics companies. The market for Standard Delivery is expected to lead in the coming future due to the fact that express deliveries are expensive compared to standard deliveries, however, there will be a growth in terms of express deliveries owing to the fact that companies will offer cost-effective express deliveries.

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Key Segments Covered: -

Germany E-Commerce Retail Market

By Market Sizing

GMV

Order Value

  Shipments

Germany E-Commerce Logistics Market:

By Type of Shipments

Domestic Shipments

International Shipments

By Delivery Area:

InterCity

IntraCity

By Mode of Shipment:

Land

Air & sea

By Delivery Period:

Express (Next Day)

Standard (1-2 Days)

By Type of Company:

3LP

Captive

By Product Category:

Fashion

Electronics

Furniture

Toys, Hobby and DIY

Beauty, Health, Personal & Household Care

Media

Food

Beverages

Germany E-Commerce Warehousing Market:

By Prime Locations

Prime Rents

Average Rents

Key Target Audience

E-Commerce Companies aiming to establish in Germany

Germany’ E-Commerce logistics industries

Government Bodies & Regulating Authorities

E-Commerce Industry

Logistics industry

Shipping company

Warehousing Companies

E-Commerce users

Industry Associations

Time Period Captured in the Report:

Historical Year: 2017-2020

Base Year: 2021

Forecast Period: 2022F– 2026F

Companies Covered:

E-Commerce Logistics Company

DHL

Hermes

DPD

GLS

UPS

Havi

Dascher

Royal Mail

FedEx

Mondial Relay

Amazon

PostNL

ITG GmbH

Lufapak GmbH

Penske Truck Leasing Co.

pfenning Logistics

Rhenus SE & Co.

FIEGE Logistik Stiftung & Co

E-Commerce Companies

Amazon.de

Otto.de

Zalando.de

Notebooksbilliger

Mediamarkt

Amazon.de

Otto.de

Zalando.de

Notebooksbilliger

Mediamarkt

Key Topics Covered in the Report

Germany E-Commerce Retail Market Overview, 2021

Germany E-Commerce Retail Market Sizing (GMV, Order Value, Shipments), 2021

Germany E-Commerce Logistics Market Overview and Genesis, 2021

Germany’s E-Commerce Logistics Market Ecosystem

 Timeline, Evolution, and Business Cycle of Germany’s E-commerce Logistics Market

Germany E-Commerce Logistics Market Sizing (Revenue, Shipments), 2021

Germany E-commerce Logistics Market Segmentation (By Type of Shipments, By Delivery Area, By Mode of Shipment, By Delivery Period, By Type of Company), 2021

Germany Warehousing Market Overview, 2021

SWOT Analysis of the Germany E-Commerce Logistics Market

Trends and Development of the Germany E-Commerce Logistics Market

Challenges and Restraints of the German E-Commerce Logistics Market

Government Regulations of the Germany E-Commerce Logistics Market

Impact of Covid-19 on Germany’s E-commerce logistics Market

End User Analysis of the German E-Commerce Logistics Market

Competition Framework for the German E-Commerce Logistics Market

Future Outlook and Projections for Germany E-Commerce Logistics Market, 2021-2026

Market Opportunities and Analyst Recommendations

For More Information on the research report, refer to below link: -

Germany E-Commerce Retail Industry

Related Reports by Ken Research: -

Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F: Ken Research

Malaysia E-Commerce Shipments Market Outlook to 2026: Ken Research

UAE E-Commerce Logistics Market Outlook, UAE E-Commerce Logistics Operating Model - Ken Research

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3 Key Insights on US$ 60 Bn Opportunity in Global Packaging Machinery Market: Ken Research

 Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increasing Demand for Efficient Packaging Machinery in Various Industries Encourage Market Growth

Packaging Machinery is widely adopted by manufacturers of various industries such as food & beverages, pharmaceuticals, personal care, and others to package goods. The increasing popularity of the e-commerce sector coupled with the rising penetration of the internet and online retailing in the different sectors is likely to boost the demand for packaging as well as packaging machinery. However, the requirement for high initial investment may impede the growth of the market.

The advancement in new technologies for packaging machinery to make it more efficient and environmentally friendly is creating immense opportunities for the growth of the Global Packaging Machinery Market.

According to Ken Research estimates, the Global Packaging Machinery Market – valued at around US$ 35 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is expected to grow to around US$ 60 Bn opportunity by 2028.

2. Growing Popularity of the E-Commerce Sector is Driving the Market Growth

The change in consumer purchasing behaviour for goods such as food & beverages, medicines, nutraceuticals, chemicals, and others along with the wide adoption of e-commerce service due to its convenience is expected to boost the demand for packaging, which in turn increases the demand for packaging machinery among manufacturers. In addition, millennials and Gen-Z prefer purchasing products online as it offers convenience, discounts, price comparisons, and other advantages. The increase in demand for consumer goods and increased penetration of the internet in the industry is expected to boost the demand for packaging machinery to package goods efficiently and temper proof.

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The below graph depicts the penetration of online services in retail industry in India.

3. Requirement for High Initial Investment in Packaging Machinery Pose the Most Significant Barrier to the Growth of the Market.

Automated and semi-automated packaging machines are highly expensive and difficult to afford for small and medium-scale manufacturers of any industry, which may hamper the growth of the market. Moreover, packaging machinery requires a lot of space to set up as they are huge and they need constant maintenance, which adds up to the cost of packaging machinery. The manual process for packaging is time-consuming and not feasible for any manufacturers. Thus, the requirement for a high amount of initial investment to purchase packaging machinery is expected to restrict the growth of the Global Packaging Machinery Market.

The below graph depicts the average cost for semi-automatic and automatic packaging machinery cost in US$.

Key Topics Covered in the Report

• Snapshot of the Global Packaging Machinery Market
• Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market
• Market size and Segmentation of the Global Packaging Machinery Market
• Historic Growth of the Overall Global Packaging Machinery Market and Segments
• Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Packaging Machinery Market
• Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Packaging Machinery Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Krones AG
• Robert Bosch Gmbh
• Coesia
• M.A. Industria Macchine Automatiche S.P.A. 
• Langley Holdings Plc
• KHS Group
• CKD Corporation
• Barry-Wehmiller Companies
• The Adelphi Group of Companies
• Fuji Machinery Co.,Ltd.

Notable Emerging Companies Mentioned in the Report

• Tetra Laval
• Marchesini Group
• Aetna Group
• BERHALTER AG
• Syntegon Technology GmbH
• PAC Machinery
• Multivac

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

Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on Competitive Landscape in the Global Cultured Meat Market: Ken Research

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Country-Niche Players Dominate the Market Holding nearly 70% of the Revenue Share Despite the Presence of about 100 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Cultured Meat Market by Ken Research

Cultured meat, also known as cultivated meat, is animal meat that is produced by cultivating animal cells in laboratory conditions. Different kinds of techniques including cell culture media, scaffold-based techniques, and others are used to grow cultured meat.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country-Niche players constitute ~90% of the Total Number of Competitors and hold ~70% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Cultured Meat Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the Cultured Meat Market. The regional players comprise ~8% in terms of the number of companies and hold about 25% of the market share. Key players in the market are focused on producing slaughter-free meat and are engaged in extensive research and development for advanced production methods or on reducing the prices of culture meat products to gain significant market share.

2. Leading Players Gaining Investment for Research and Development of  Cultured Meat Products

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Upside Foods, Aleph Farms, and Eat Just, Inc. among others are highly focused on gaining investment as well as on getting approval for their cultured meat products to introduce it in the market. Furthermore, big giants like Cargill, Tyson Foods, and others are investing heavily in startups of cultured meat to speed up the research and development process of cultured meat products., which is expected to boost the growth of the Global Cultured Meat Market.

• In January 2022, Tyson Foods announced the investment in Memphis Meats or Upside Foods, a food tech startup in cultured meat. Tyson aims for the investment to broaden its exposure to innovations and novel ways to produce meat to fulfill the growing demand for protein-rich products among consumers. Upside Foods aimed to use the investment to accelerate product development.
• In December 2021, Future Meat, an emerging cultured meat company based in Israel, raised US$ 347 million in investment. The investment round was co-led by ADM, an undisclosed tech investor, and Manta Ray Ventures. The company aimed to build a large-scale production facility in the USA as well as focused on obtaining USA approval for its cell-based chicken.

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3. Increased Government and Manufacturers Initiatives Promote Cultured Meat Market Growth and Development 

• In June 2021, the Chinese government announced a three-year government-funded initiative called “High-efficiency biological manufacturing technology of artificial meat”. Chinese government feels that cultured chicken production is in the national interest and thus funding various programs to accelerate the development process of cultured meat.
• In December 2020, Eat Just, Inc., a manufacturer of healthier and more sustainable food products with the help of cutting-edge science and technology, gained its first regulatory approval for its cultured chicken from Singapore. The company aims to deliver tasty, nutritious, and safe cultured chicken products to consumers and to extend its product line.

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

Global Cultured Meat Industry

KSA Debt Collection Companies | KSA Debt Collection Market Trend – Ken Research

 Overview:

NPLs (Non-Performing Loans) by Saudi banks as a percentage of total gross loans have witnessed steady rise over the last five years thereby creating market opportunity for debt collection companies catering to the financing segment.

Debt collection companies strongly prefer to resolve debt collection matters without going to court. However, all collection companies have partnered with law firms to resolve cases through litigation.

Market:

The Debt Collection market in KSA is expected to grow at a double digit CAGR between FY ’21 and FY ’26 with new entrants facing fierce competition from the existing major players in the market.

Motor Insurance claims has the highest percentage share among net claims incurred by insurance companies in KSA. The major source of revenue for debt collection companies is the commission charged on recovered amount.

By Segments

Financing segment accounted for majority of debt collected, however, the non-finance segment has major share in total number of cases settled. With a low-ticket size of SAR 4,000, Non-finance segment have major share in total number of cases settled. With high ticket size of SAR 18,000, financing segment has low share in total cases settled.

By Geography

Cities of Riyadh, Jeddah and Dammam are the major geography from where debt is collected in KSA.

By Type of Firm

Debt Collection Firms have majority share in terms of amount of debt collected as well as number of cases settled as compared to Law firm cum Debt Collection Companies.

By Age of Firm

 

Relatively mature companies (12 years – 17 years) have highest share in debt collection as well as cases settled; likely due to recurring contracts from existing clientele.

By Sub-segmentation of Insurance

Motor insurance within insurance segment have majority share in terms of total debt collection & number of cases settled.

By Sub-segmentation of non-Finance

Telecommunication services and Utilities are the major sub-segments for debt collection within the non-finance segment.

By Sub-segmentation of Finance

Real estate within non-finance segment has majority share in terms of total debt collection & number of cases settled.

Competitive Landscape

The market is fragmented with presence of a large number of debt collection companies and law firms. The existing players in the market are majorly headquartered in the cities of Riyadh, Jeddah and Dammam. These companies vary largely on the basis of collection agents, Lawyers, number of employees. Apart from debt collection services, companies are also providing credit reporting/business advisory as value-added services to meet client requirements.

There exists a moderate threat of new entrants as they have to overcome various challenges like licensing requirements, capital requirements, access to a network of collection agents and lawyers, etc. However, as offerings of existing players are not much differentiated, new players can enter the market with competitive pricing and spending on marketing campaign.

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What Is the Future of KSA Debt Collection Market?

The Debt Collection Market in Saudi Arabia is anticipated to grow at a positive double digit CAGR for the period FY’21-FY’26F.

Future Trend: Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years.

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

Establishing A Debt Management Office in KSA

Related Reports

Collateralized Debt Obligation Market Research: Global Status & Forecast by Geography, Type & Application (2017-2027)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

3 Key Insights on US$ 2.5 Bn Opportunity in the Global Microgreens Market: Ken Research

 Driven by the Increasing public awareness of health issues and the use of indoor Farming techniques, the Global Microgreens Market Is Forecasted to Reach nearly US$ 2.5 Bn By 2028 says Ken Research Study.

Microgreens are small and delicate vegetables that are harvested when they form two cotyledons, a cotyledon is the first leaf of the plant to emerge from the seed after germination. It offers numerous health benefits such as heart disease, Alzheimer’s, diabetes, and cancer. In addition, it can also be used in various dishes like soups, pizzas and pastas as a garnishing agent. Microgreens can be harvested using different farming techniques such as indoor farming, vertical farming, commercial greenhouses, and more, and are often used for residential and commercial purposes.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. The Microgreens Market Is Witnessing Steady Growth Owing to The Adoption of Microgreens for A Better and Healthy Lifestyle.

The microgreens market is witnessing steady growth owing to the increasing public awareness regarding health issues, which led to the adoption of microgreens for a healthy lifestyle. As microgreens are highly rich in fibers, antioxidants, minerals, and vitamins which significantly reduce the risks of severe problems like high blood pressure, high cholesterol, diabetes, and more. Furthermore, microgreens are widely used in restaurants for adding flavors to salads, soups, pizzas, and more as microgreens are very sweet-scented in nature.

According to Ken Research estimates, the Global Microgreens Market – valued at around ~US$ 1 billion in 2017 and estimated to reach nearly ~US$ 1.5 billion by 2022 – it is further expected to reach a market size of ~US$ 2.5 billion opportunities by 2028.

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2. The Rise in the Adoption of Indoor Vertical Farming Is Driving the Growth of the Global Microgreens Market.

Indoor farming refers to the production of agricultural products in a controlled environment, such as a building, where crops are given the necessary conditions, such as the right temperature, light, water, and growth media. Indoor Farming allows producers to take output in any season as well as increases land productivity, thus it is gaining significant popularity worldwide. Microgreens are said to be the ideal crops for indoor farming as it is small in size with rich in nutrients, minerals and vitamins also microgreens have short growth periods as compare to other vegetables thus making its harvesting time less and farmers is able to deliver new product per week to the market.

The below graphs depict the average harvesting time taken for microgreens indoor and outdoor (in days).

3. The Need for Soil Testing and high Production cost for microgreens Acts as a Major Challenge for the Market.

High initial cost and the lack of nutritional shortages in the soil such as nitrogen, and phosphorus acts as a major challenge for microgreens market. Soil provides the major source of nutrients to plants for growth. Soil nutrients such as nitrogen, phosphorus, and potassium are most important for healthy plant growth.

Thus, to check the required fertility and nutrients in the soil many countries are now providing soil tests which will help the farmers to check the health of the soil and use various methods to improve the fertility of the soil. Soil test is most important for the microgreens farming as the soil is only used once for each batch, thus top-quality soil is needed. Such that proper and authorized labs are required for reliable test results that can help farmers with microgreen farming.

The below graphs depict the Number of Soil Test labs in India Authorised by Indian Government (Top Five States).

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Key Players Mentioned in the Report

• AeroFarms
• Good Leaf Farms
• Fresh Origins
• Gotham Greens
• Madar Farms
• 2BFresh
• Farmbox Greens
• Living Earth Farm
• Metro Microgreens
• Chef's Garden

Notable Emerging Companies Mentioned in the Report

• FARM2FAM
• Leafood
• Plenty
• UGF Farming
• Living Food Company

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Microgreens Producers
• Microgreens Farm Owners
• Microgreens Industry Association
• Microgreens Marketing & Distribution Companies
• Microgreens Products Manufacturers
• Government Ministries and Departments of Agriculture
• Government Ministries and Departments of Food
• Government Ministries of Consumer Affairs, Food, and Public Distribution
• Venture Capitalists Targeting the Microgreens Industry
• Organic Farming Companies
• Organic Farming Cooperative Societies
• Farming Research Institutes

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Microgreens Market: Ken Research

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Debt collection platforms integrated with latest technologies like configurable dashboards, automated report generated & artificial intelligence for regulatory compliance is transforming the debt recovery process in the Kingdom of Saudi Arabia: Ken Research

 KSA Debt Collection Market

Key Findings

• Increase in use of customer self-service (CSS) platforms offers tangible benefits, such as, lenders and collectors can get a single view of each consumer and their payment status, including automated follow-up actions and recommendations to streamline the collection process.
• As accounts are processed, they automatically move to the next activity based on defined rules, policies and procedures — while enforcing business rules through robust workflow policies and permissions.

Rise in Digital Collection Techniques:

For decades, the debt collection sector has used a phone-first technique, relying on the customer’s availability and willingness to respond to the debt collection action. However, this results in a terrible customer experience. Debt collection companies are resorting to digital collection techniques. This successfully engages customers by removing negative thoughts and emphasizes that the lenders are there to assist them.

Increasing Use of AI and ML for Recovery Predictions:

Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years.

Distinctive Role of Collection Agents:

As the use of automation increases, the role of collection agents will become more nuanced. Collection agents will have to be adept at gauging consumer situations and providing them with solutions that are feasible, encouraging, and more likely to show results.

The report titled “KSA Debt Collection Market Outlook to FY'2026 – characterized by fierce competition and high growth prospects” provides a comprehensive analysis of the potential of the Debt Collection industry in Saudi Arabia. The report covers various aspects including the current debt collection scenario and status in KSA, market size on the basis of debt collected, number of cases settled and revenue, market share of debt collection companies, Market segmentation by the segments, by type and age of firm, by sub-segmentation of insurance, finance and non-finance segment. Major trends and developments, issues and challenges, government regulations, competition landscape and cross comparison. The report concludes with case studies, analyst recommendations and key market opportunities.

Key Segments Covered in KSA Debt Financing Market:

• By Segments
  • Insurance
  • Financing
  • Non-Finance

• By Type of Firm
  • Debt Collection Companies
  • Law Firm cum Debt Collection Companies

• By Age of Firm
  • 2-7 years
  • 7-14 years
  • 12-17 years

• By Geography
• Riyadh Province
• Maddah Province
• Eastern Province
• Al Baha Province
• Al Jawf Province
• Northern Borders Province
• Qassim Province
• Ha’il Province
• Tabuk Province
• Aseer Province
• Jizan Province
• Najran Province

• By Sub-Segment of Insurance Segment
• Motor
• Property/Fire
• Accident & Liability

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By Sub-Segment of Non-Finance Segment

• Commercial and Professional Services
• Consumer Services
• Energy
• Food & Beverages
• Real Estate Management and Development
• Telecommunication Services
• Transportation
• Utilities

• By Sub-Segment of Finance Segment
• Real Estate Financing
• Retail Real Estate Financing
• Corporate Real Estate Financing

Companies Covered

• Alwasl National Debt Collection Co.
• Alkhorayef Collection
• Future Solutions
• Taswia
• Fuel Collection
• Estrdad Alassol Co. Ltd.
• Marsoom (Sadad)
• Ejada
• Maharah Debt Collection
• Excellent Solutions Co.
• Hololona Company Ltd.
• Qemma
• Hazim Al Madani Law Firm
• Abdullah A. Al Fallaj Law Firm
• Eyad Reda
• Alaskari Law Firm

Key Target Audience

• Existing Debt Collection Companies
• Law Firms
• Financing Companies
• Non-Financing Companies
• Insurance Companies
• Debt Collection & Management software providers
• Government Agencies
• Finance Consultants
• Others

Time Period Captured in the Report: -

• Base Year: 2021
• Forecast Period: 2022-2026F

Key Topics Covered in the Report

• How is the Debt Financing Market positioned in KSA?
• Overview of Insurance, financing and non-finance sector in KSA
• KSA Debt Collection Market Ecosystem
• Growth Drivers, Trends and Developments in the market
• Government Regulations
• Porter’s Five Forces Analysis for KSA Debt Collection Market
• Market Size and Segmentation, 2021-2026F
• Competitive Landscape of KSA Debt Collection Industry
• Cross Comparison of Major Players using fundamental, operating model, clientele, geography and service offering parameters
• Case study & Analyst Recommendations
• Research Methodology

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

Debt Collection Services in Saudi Arabia

Related Reports

Collateralized Debt Obligation Market Research: Global Status & Forecast by Geography, Type & Application (2017-2027)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249