Monday, January 13, 2020

Rise in Prevalence of Cardiovascular Diseases Projected to Drive Global Herbal Medicine Market over the Forecast Period: Ken Research

Herbal medicine is a type of dietary supplements extracted from different parts of the plant including leaves, bark, berries, seeds, and roots. It is also called botanical medicine or phytomedicine. It involves various herbal supplements, herbs, herbal preparations, and complete herbal products. It is available in various dosage forms for instance tablets, extracts, dried plants, and others.  It is classified as detoxification medicine, antipyretic medicine, Digestant medicine, blood circulation medicine, and others.
The key benefits are included strengthen the immune system, stabilizes the hormone & metabolism, easier to obtain than prescription medicine, and many more.
According to study, “Global Herbal Medicine Market Size study, by Product (Root, Leaf, Flower, Other), By End-User (Western Herbalism, Traditional Chinese Medicine, Others) and Regional Forecasts 2018-2025” the key companies operating in the global herbal medicine market are Madaus, Arizona Natural, Tsumura, Blackmores, Schwabe, Arkopharma, Weleda, Bio-Botanica Inc., Dabur Ltd., Zand, Blackmores, Haiyao Co., Ltd., Guangzhou Pharma Co, Imperial Ginseng, Genius Nature Herbs Pvt. Ltd, TASLY, Taiji, JZJT, Yunnan Baiyao, Potter's Herbals, Nature's Answer, Inc., Sanjiu Medical & Pharmaceutical Co., Ltd., TASLY, Zhongxin, Kunming Pharma, PT Industri Jamu and Pharmaceutical Sido Muncul, and Tbk. Key players are responding to new opportunities by increasing their global presence &product offerings. Additionally, manufacturers are dedicated to lowering the manufacturing cost, trying to provide more qualified products to customers and broaden the applications of herbal medicine.
Based on product type, herbal medicine market is segmented into medicine function, medicinal part and active ingredient. Based on source type, market is segmented into leaf, fruit & vegetables, barks, roots and others.  Based on medicine type, market is segmented into detoxification medicine, blood circulation medicine, antipyretic medicine, aigestant medicine and others. Based on type of medicinal plants, market is bifurcated into Curcuma Longa, Marrubium Vulgare, Actaea Racemose, Vaccinium Macrocarpon, Aloe Vera, Echinacea, Cocos Nucifera, Camellia Sinensis, Cinnamomum Spp, Zingiber Officinale, Allium Sativum and others. Based on application, market is segmented into traditional Chinese medicine, western herbalism and others. In addition, based on end-use, market is segmented into personal care, pharmaceuticals and food & benerages.
The herbal medicine market is driven by rise in prevalence of cardiovascular diseases such as liver & heart diseases, followed by increase in aging population in both the developed & developing countries, rise in research funding for herbal medicines, and growth in current good manufacturing practices for dietary supplements. However, lack of awareness among individuals regarding the use and dosage of herbal medicines may impact the market. Moreover, rise in technological advancements and increase in research & development (R&D) investment in healthcare sector are key opportunities for market.
Based on geography, the Asian-Pacific is the dominant region in the herbal medicine market owing to rise in consumption of herbal medicine in developing countries and growth in funding for research on medicinal plants in the region. The European and North-American regions are estimated to witness substantial growth rate due to rise in demand for natural therapies and growth in disposable income of the individuals over the forecast period. It is predicted that the market will be reached at rapid pace on account of increase in awareness of preventive health care techniques during the forecast period.
To know more, click on the link below:-
Global Herbal Medicine Market Research Report
Related Reports:-
Global Herbal Medicine Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use
Global Herbal Medicine Market Status and Future Forecast 2015-2024
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Increase in Prevalence of Diabetes Anticipated to Drive Global Diabetic Neuropathy Market over the Forecast Period: Ken Research

Diabetic neuropathy is a nerve destructive disorder associated with diabetes mellitus. It is defined by the presence of proteinuria. It is a form of chronic kidney disease which occurs when the kidney is exposed to persistent hyperglycemia.  It is damage caused to the nerve due to diabetes that often leads to pain & numbness in feet or lower legs. The pain can be experienced in other parts of the body for instance wrist, hips, and back depending upon the effect of neuropathy. It affects about 20-40% of patients with diabetes mellitus.
According to the study, “Global diabetic neuropathy Market Size study, by Disorder Type (autonomic Neuropathy, peripheral neuropathy, proximal neuropathy, and focal Neuropathy) Treatment (drugs, physiotherapy, radiotherapy, and others) Distribution Channel (clinics, hospitals and pharmacy) and Regional Forecasts 2018-2025” the key companies operating in the global diabetic neuropathy market areMEDA Pharma GmbH & Co. KG, Cephalon, Inc., Pfizer Inc., Eli Lilly, and Company, Janssen Pharmaceuticals, Inc., Abbott Laboratories, Daiichi Sankyo Company Limited, ACTAVIS, NeuroMetrix, Inc., Novartis AG, Johnson & Johnson Services, Inc., Lupin Limited, GlaxoSmithKline. The key vendors are progressively focusing on the development of disease-modifying drugs to treat diabetic neuropathy owing to its growing prevalence. Vendors are also focusing on the introduction of injectable gene therapy aimed at enduring pain relief associated with diabetic peripheral neuropathy.
Global Diabetic Neuropathy Market
Based on disorder type, the global diabetic neuropathy market is segmented into autonomic neuropathy, peripheral neuropathy, focal neuropathy, and proximal neuropathy. The autonomic neuropathy segment affects body function such as blood pressure, heart rate, digestion, and perspiration. Peripheral neuropathy affects the legs and feet. Focal neuropathy affects the nerves, foot, wrist, and thigh. Proximal neuropathy affects hips, thighs, legs, and buttocks. Based on treatment type, the market is segmented into physiotherapy, drugs, radiotherapy, and others. Drugs segment is further sub-segmented into antidepressant (Selective Nor-epinephrine Reuptake Inhibitors (SNRIs), Tricyclic Anti-depressants (TCAs), Selective Serotonin Reuptake Inhibitors (SSRIs)), analgesics (opioids (morphine and others), topical (capsaicin and others) and non-steroidal anti-inflammatory drugs (NSAIDs)) and anticonvulsants (topiramate, pregabalin, gabapentin, and others). Additionally, radiotherapy is further sub-segmented into TENS and others. In addition, based on the distribution channel, the market is segmented into retail pharmacies, hospitals, online pharmacy and clinics.
The global diabetic neuropathy market is driven by a rise in the prevalence of diabetes, followed by a change in lifestyle habits, rise in urbanization, growth in awareness regarding diagnosis & treatment of diabetes, approval of new drugs, rise in demand for the development of better neuropathy drugs, the presence of a strong drug pipeline and change in genetic composition. However, the high cost of diabetic drugs, lack of absolute treatment, side effects with the diabetic neuropathy treatment and lack of awareness among the patients may impact the market. Moreover, growth in the prevalence of obesity & numerous cardiovascular diseases is a key opportunity for the market. Furthermore, favorable reimbursement scenario and new therapeutics for the treatment of neuropathy is a major trend for the market.
Based on geography, the North-American region holds the leading position in diabetic neuropathy market owing to improvement in healthcare infrastructure, an increase in the prevalence of diabetes and a rise in research and development (R&D) activities for drug discovery in the region. Whereas, the Asian-Pacific and European regions are expected to witness higher growth rate due to the increase in aging population and improvement in healthcare services in rural areas over the forecast period. In upcoming years, it is estimated that the future of the market will be bright on account of growth in the development of novel biologics to treat diabetic neuropathy and the launch of a new medication to manage the symptoms of chronic diabetic neuropathy during the forecast period. It is expected that the market will be reached at the US $5.8 billion by 2025.
To Know More, Click On The Link Below:-Global Diabetic Neuropathy Market Analysis
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Friday, January 10, 2020

Combination of Rational Strategy and Precise Market Research to Assist New Product/Service Development: Ken Research

New product Development Strategy:
Product development strategy is the process of adding innovation to consumers from thought to test. New product is a result of a creative and unique idea that makes consumers satisfied. In a new product development.
How to Plan New Product/service Development:
Launching of new product or a service to the market, should have robust marketing plan before setting of product launch marketing, organization goals and establishment of a new product launch to have several key metrics and the marketing campaigns.
Description of target market with planned value addition, sales, market share and profit goals.
Outline of product’s planned to be manufactured, distribution and marketing budget for the first year
The long-term sales plan, profit targets and marketing mix strategy.
The product development process also involves a review of sales, costs and profit projections for new product or factors satisfying company’s goals.
Organizations depend on new product development for staying competitive within the industry. However, such process can be exciting, lengthy for the new products and service which allow organizations to grow and expand their market reach. To ensure that the time and price invested for the new product development shouldn’t go waste, it’s essential for organizations to take informed decisions based on actual market opportunity and the customer understandings. Our Market research studies have dedicated teams having insights and information about major updates of the market. The following activities are carried for Market Research for New Product/Service Development
Primary Market Research:
Sale effectiveness
Determining quality offered by competitors
Recognizing competitors and the active competition in the market
Any other relevant primary information required
Secondary Market Research
Analyzing Company Data Reports
Conducting Studies or Surveys
Sorting and Consulting Newspaper Reports
Any Other relevant Available Information
Market Research Process
Analyzing the Similar Research has Already Conducted.
Study of the Existing Data meeting organization goals.
Deciding how existing data can be used.
Figure out how company needs to perform any primary market research
Any other relevant information about the market
Plan New Product Development in the phased manner
The new product development in the phased manner includes the sequence wise information for developing product which should undergo from conceptualization to final addition into the market. Certainly, depending on the specific situation, process which may be handled in a flexible manner to overlap phase of new products should include the following phase.
Idea Phase
Research phase
Development Phase
Testing Phase
Analysis Phase
Release phase
Businesses can also measure their repute with the key market research, as well as finding problems with their service, branding, packaging, website or other influential feature of the product. The use of market research analysis for new product development can aid by bringing the useful insight into the current & future trends where the market might be heading.
New Service Development Strategy
The entire process of forming service deals with the key concepts rather than the physical objects. The service development is an end to end process of developing and launching of new service to be sold to customers, which primarily involves market research, customer experience, operations and new service ideas. The method of new-service strategy development and testing must also recognize the abstract, and the nature of services associated to it.
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Rise in Demand for Tablets & Smartphones projected to Drive Global Mobile Augmented Reality Market: Ken Research

Augmented reality or AR is an innovative technology that displays an upgraded perception of present reality which is increasingly picking up acceptance over enterprises. Mobile augmented reality uses AR technology to increase the interactive experience of a real-world environment. In this technology the virtual and real elements are combined and have precise alignment of virtual objects in the world. The tremendous growth in mobile technology includes computational resources, sensors, built-in cameras, and mobile cloud computing that enables the use of augmented reality in mobile devices. Mobile augmented reality integrates the digital information with the real environments therefore the users are able to experience an environment which is surrounded by objects that exist in a virtual environment.

According to study, “Global Mobile Augmented Reality Market Size study, by Component (Hardware Component and Software Component), by Application (Smartphones, Tablets, Personal Digital Assistants (PDAs)/Handheld Game Consoles, Smart Glasses and Wearables) by Vertical (Consumer Vertical, Aerospace & Defense, Medical, Commercial and Industrial) and Regional Forecasts 2018-2025” the key companies operating in the global mobile augmented reality market are Infinity Augmented Reality Inc., Blippar.Com Ltd., Google Inc., Catchoom Technologies, Qualcomm Technologies Inc., Metaio GmbH, Microsoft Corporation, Atheer Inc., Samsung Electronics Co. Ltd., HP Reveal, Aurasma, Wikitude GmbH, Daqri LLC.

Based on implementation, mobile augmented reality market is segmented into market-based augmented reality and marker-less augmented reality. Based on component, market is segmented into software components and hardware components. Hardware components include sensor, display, 3D camera and semiconductor component. Sensors include gyroscope, proximity sensors, Global Positioning System (GPS), accelerometer and magnetometer. Semiconductor components include integrated circuit and controller or processor. Based on application, market is segmented into Personal Digital Assistants (PDAs)/handheld game consoles, smartphones, smart glasses & wearables and tablets. In addition, based in vertical, market is segmented into commercial, aerospace & defense, consumer vertical, medical, industrial and others. Commercial segment includes e-learning, tourism & sightseeing and e-commerce & marketing. Consumer vertical includes sports & entertainment and gaming. Furthermore, industrial segment includes architecture & building design (BIM), automotive, enterprise solutions and geospatial mining.

The mobile augmented reality market is driven by growth in demand for smartphones & tablets, followed by decline in prices of hardware components, increase in demand for AR apps in the e-commerce sector, growth in widespread interest for the mobile gaming for instance Pokemon GO, ARrrrrgh, Ingress, and many other role playing games and rise in interest of large tech companies in AR. However, low adoption rate due to privacy issues & complexities in the design and limited user interface affecting the navigation performance of AR applications may impact the market. Moreover, growth in adoption of 3D cameras for 3D generation models of real objects, rise in investments in the research & development (R&D) activities and growth in next generation of devices are key opportunities for market.

Based on geography, the Asian-Pacific dominates the mobile augmented reality market owing to rise in urbanization, high demand for tablets & smartphones and growth in economic developments in the region. The North-American and European regions are predicted to exhibit higher growth rate due to rise in scope of applications of augmented reality and growth in investment in the production of smart devices over the forecast period. In upcoming years, it is estimated that the market will be reached at fast speed as a result of rise in sales of wearable & hands-free devices, presence of numerous PC game development companies and increase in disposable incomes during the forecast period.

For more information, click on the link below:
Global Mobile Augmented Reality Market

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Ankur Gupta, Head Marketing & Communications
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Increase in User Engagement on Internet & Websites Anticipated to Drive Global Aviation & Defense Cyber Security Market: Ken Research

Aviation & defense cyber security solutions are software suites designed to defend aviation computers, networks, databases from cyber-attacks or cyber-crimes & unauthorized access. The industry relies heavily on information technology (IT) infrastructure for its ground & flight operations. Its security directly impacts the operational safety & efficiency of the industry and indirectly impacts the reputation, service, and financial health.
According to study, “Global Aviation & Defense Cyber Security Market Size study, by Component (Solution Type, Security Type and Aerospace and Defense Cyber Security Service) and by Deployment (On-Premise Deployment and On-Cloud Deployment) and Regional Forecasts 2018-2025” the key companies operating in the global aviation & defense cyber security market are Lockheed Martin Corporation, Northrop Grumman Corporation, International Business Machines Corporation (IBM), Airbus Defence and Space SA, General Electric Company, BluVector Inc., General Dynamics Corporation, Palo Alto Networks, Inc., Rockwell Collins, Inc., root9B Holdings Inc., Unisys Corporation, The Raytheon Company, Honeywell International, Inc., BAE Systems PLC, Cisco Systems, Inc., Harris Corporation, SITA, Thales Group, Computer Sciences Corporation,
Based on component type, aviation & defense cyber security market is segmented into security type, solution type and aerospace & defense cyber security service. Security type segment is further sub-segmented into network security, application security, endpoint security, wireless security, content security and cloud security. Solution segment is further sub-segmented into identity & access management, data loss prevention, risk & compliance management, next generation firewalls, encryption, Intrusion Detection System/Intrusion Prevention System (IDS/IPS), unified threat management, security & vulnerability management, antivirus & anti-malware, Distributed Denial of Service (DDOS) mitigation, disaster recovery and web filtering. Additionally, aerospace and defense cyber security segment is further sub-segmented into consulting, risk & threat assessment, design & integration, training & education and managed security services. Based on deployment, market is segmented into on-cloud deployment and on-premise deployment. On-cloud deployment segment holds major share in market owing to lower cost, change in industry trends of cyber security services & solutions, and rise in shift from on-premise deployment to on-cloud deployment. In addition, based on application, market is segmented into airport management, air traffic management, airline management, air cargo management and others.
The aviation & defense cyber security market is driven by rise in use of internet/websites, followed, growth in demand for technological advancement to protect & support passenger traffic, increase in user engagement on internet & websites, increase in severity of cyber-attacks and stringent government regulations. However, lack of skilled workforce and lack of knowledge may impact the market. Moreover, rise of 3G & 4G technology, growth in next-generation cyber security solutions and rise in demand for integrated security solution are key opportunities for market.
Based on geography, the North-American regions holds major share in aviation & defense cyber security market owing to rise in demand for advanced & efficient cyber security solutions and services in the region. The Asian-Pacific and European regions are estimated to exhibit higher CAGR due to rise in cyber-threats and growth of new airline services over the forecast period. In forthcoming years, it is anticipated that future of the market will be optimistic due to introduction of many new low cost carrier airline services during the forecast period. It is predicted that the market will be reached at US $95.2 billion by 2025.
To know more, click on the link below:-
Global Aviation & Defense Cyber Security Market Research Report
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Rise in Usage of Webcams & Digital Cameras Anticipated to Drive Global Image Sensor Market: Ken Research

An image sensor is a sensor that detects & conveys the information that forms an image. It converts the variable shrinking of light waves into signals; small explodes of current that convey the information. The waves can be light or electromagnetic radiation. It includes millions of photosensitive diodes, called photo sites. These sensors are used in electronic imaging procedures of digital & analog types such as camera modules, digital cameras, medical imaging equipment, night vision equipment, for instance, thermal imaging devices, sonar, radar, and others.
According to the study, “Global Image Sensor Market Size Study, By Application (Consumer Electronics, Security and Surveillance, Industrial/Defense, Automotive and Medical) By Technology (CMOS and CCD), By Processing Type (2D Image sensor and 3D image sensor), and Regional Forecasts, 2017-2025 (USD Billion/Million)” some of the major companies that are currently working in the global image sensor market are Canon Inc., Aptina Imaging Corporation, Omnivision Technologies Inc., Samsung Electronics Co., Ltd., CMOSIS N.V., Toshiba Corporation, Ambarella, Fastree 3D SA, Hamammatsu, Himax, STMicroelectronics N.V, ON Semiconductor Corporation, Sony Corporation, AMS, Panasonic Corp.,Sharp, PixArt Imaging Inc., Galaxy Core Inc., Airy3D, SK Hynix, Sharp, Teledyne DALSA Inc., PixelPlus.
Global Image Sensor Market
Based on technology, the global image sensor market is segmented into Charge-Coupled Device (CCD), CIS (contact image sensor), Complementary Metal-Oxide-Semiconductor (CMOS), hybrid image sensor, and others (Silicon & Diode Array). A CCD image sensor is further sub-segmented into frame transfer CCD image sensor and interlines transfer CCD image sensor. CMOS image sensor is further sub-segmented into a passive pixel image sensor and active pixel image sensor. Based on components, the market is segmented into wire bonds, sensor chip, cover glass, contact pads, and package. Based on the optical format, the market is segmented into 1/5.9 to 1/4 inch image sensor, 1/10 to 1/6 inch image sensor and 1/3.9 to 1/2 inch image sensor. Based on linearity, the market is segmented into linear and non-linear. Based on the processing type, the market is segmented into 2D or two-dimensional image sensors and 3D or three-dimensional image sensors. Based on the spectrum, the market is segmented into the visible spectrum and non-visible spectrum. Visible spectrum possesses high resolution & capture full-color pictures with less power consumption. Non-visible the spectrum includes x-ray light and infrared non-visible spectrum. In addition, based on the mode of application, the market is segmented into security & surveillance, automotive, medical (x-ray imaging, endoscopy, artificial retina, wireless capsule endoscopy, external observation, laboratory equipment), consumer electronics (wearable, desktops &laptops, residential surveillance, biometrics, toys, service robots, commercial drone, photography & videography) and industrial & defense.
The image sensor market is primarily driven by an increase in usage of webcams & digital cameras, followed by a rise in the usage of image sensors in medical applications, growth in adoption of dual camera mobile phones & other smartphones and rise in surveillance & security concerns. However, the decline in demand of still camera, high maintenance costs of image sensors and dynamic nature of semiconductor industry may impact the market. Moreover, growth in gaming devices (specially associated with virtual reality), rise in digitalization and increase in innovations in technologies are key opportunities for the market.
Based on geography, the North-American region holds the major share in the image sensor market owing to the rise in demand from consumer electronics applications including smartphones & tablets, cameras, wearable electronics, and computers in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to growth in demand for improved medical imaging solutions over the forecast period. In upcoming years, it is probable that the global image sensor market will be developed quickly on account of rising in need for minor pixel devices and stringent safety-related mandates during the forecast period.
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Increase in Incidence of Healthcare Data Breaches Anticipated to Drive Global Blockchain Technology in Healthcare Market: Ken Research

Blockchain technology is defined as a distributed system that includes the potential to transform health care system by recording & storing transaction data. It is used to collect & track information about transactions on real time basis. It works as a digital ledger and tracks all activities carried out within the network. It provides privacy, security, and interoperability to health care data. It relies on cryptographic techniques to allow every individual in a network to interact without pre-existing trust between partners. It acts as a health information exchange system that helps to remove the friction and cost of current intermediated.

According to study, “Global Blockchain technology in Healthcare Market Size study, by Application (Supply Chain Management, Claims Adjudication & Billing Management, Clinical Data Exchange & Interoperability and other applications), End-users (Healthcare Payers, Healthcare Providers, Pharmaceutical Companies and Other End Users) and Regional Forecasts 2018-2025” the key companies operating in the global blockchain technology in healthcare market are Pokitdok, Patientory, IBM Corp., Medicalchain, Microsoft Corp., Chronicled, Guardtime, Simplyvital Health, Hashed Health, Gem, Factom, Isolve, Blockpharma, Proof.Work, Farmatrust, Blockchain Health, Hong Kong Applied Science and Technology Research Institute Company Limited, BLOCK M.D., HealthCombix.

Based on type, blockchain technology in healthcare market is segmented into private blockchain, public blockchain and consortium blockchain (permissioned blockchain). Private Blockchain segments are the permissioned systems whereas public Blockchain systems are commonly used for data management. Private Blockchain segment holds major share in market owing to increase in demand for highly secured supply chain network. Based on application, market is segmented into supply chain management, data exchange & interoperability, billing management, claims adjudication and others. Supply chain management segment is predictable to hold largest share in market owing to rise in stringent regulations such as Drug Quality and Security Act (DQSA) and Falsified Medicines Directive (FMD) with an Artificial Intelligence (AI), to address increasing incidences of counterfeit medicines during the forecast period. In addition, based on end-user, market is segmented into healthcare payers, research & academia, pharmaceutical companies, healthcare providers and others.

The blockchain technology in healthcare market is driven by rise in adoption of Blockchain-as-a-Service (BaaS), followed by increase in incidence of healthcare data breaches, rise in transparency & immutability of the distributed ledger technology, growth in threat of counterfeit drugs and increase in cost-effective & secured data interoperability through blockchain. However, lack of a central entity & common set of standards and reluctance to disclose data may impact the market. Moreover, significant increase in funding through venture capital investments & initial coin offering (ICO) and rise in government initiatives are key opportunities for market.

Based on geography, the North-American region holds the leading position in blockchain technology in healthcare market owing to rise in prevalence of advancements in technology, growth in healthcare expenditure coupled with well-established healthcare management systems in the region. The Asian-Pacific region is projected to emerge as the fastest growing region rise in focus to adopt advanced technologies in healthcare and increase in generic pharmaceutical industry over the forecast period. It is estimated that future of the market will be bright on account of rise in need for affordable healthcare services and increase in awareness about the implementation of Blockchain technology during the forecast period. It is expected that the market will be reached at US $293.3 billion by 2025.

For more information, click on the link below:
Global Blockchain technology in Healthcare Market

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Growth in Chemical Industry Expected to Drive Global Chemical Logistics Market over the Forecast Period: Ken Research


Chemical logistics is defined as the warehousing, transportation and distribution of chemicals from manufacturing facilities to the point of sale. It pertains to the supply chain operation of chemical products from the obtaining of raw material to the end distribution channels till the clients. It is generally responsive, adaptable and supple. It provides innovative services to respond to market changes quickly and efficiently.

According to study, “Global Chemical Logistics Market Size study, by Service (Transportation, warehousing and others) and Regional Forecasts 2018-2025” the key companies operating in the global chemical logistics market are Deutsche Post DHL Group, Montreal Chemical Logistics, Agility, DB Schenker, BDP International, Schneider National, CT Logistics, BASF, Univar, C.H. Robinson.

Based on type of logistic provider, chemical logistics market is segmented into 1st party logistics, 2nd party logistics, 3rd party logistics, 4th party logistics and 5th party logistics. Based on services, market is segmented into storage & warehousing, transportation & distribution, freight logistics, customs & security, contract logistics, green logistics, technology, consulting & management services and others. Storage & warehousing segment is further sub-segmented into packing & labelling, quality assurance, inventory management, parts logistics, assembly services and others. Transportation & distribution is further sub-segmented into inbound to manufacturing, multi-mode transport, carrier sourcing, claims management, planning & execution, outbound (direct-to-customer and to distribution channels), product return or recall and others. Freight logistics segment is further sub-segmented into freight brokerage, freight forwarding, cargo insurance, weighing & filing and others. Customs & security segment is further sub-segmented into risk assessment, customs brokerage, international trade document management and others. Contract logistics segment is further sub-segmented into control of procurement or manufacturing & inventory, maintenance & repair, supply chain operations and transportation & management aftermarket material. Green logistics is further sub-segmented into optimizing environmental footprint, carbon emission reporting, carbon offsetting and others. Technology segment includes Transportation Management Systems (TMS) and others.

Additionally, consulting & management services segmented are further sub-segmented into supply chain optimization, sustainable logistics, warehouse & distribution design and supply chain management. Based on method of transport, market is segmented into road, ship, rail, air, and intermodal. In addition, based on end-use industry, market is segmented into chemical industry, cosmetic industry, pharmaceutical industry, oil & gas industry, coating industry, specialty chemicals industry, and others.

The chemical logistics market is driven by rise in demand for modernized green warehouses in chemical industry, followed by growth in demand for energy conservation and increase in shifting of chemical manufacturers from its traditional centers. However, growth in market competition and high cost of operations may impact the market. Moreover, growth in chemical infrastructure is a key opportunity for market.

Based on geography, the Asian-Pacific dominates the chemical logistics market owing to rise in urbanization, growth in chemical industry and increase in disposable income & rapid industrialization in the region. The European and North-American regions are expected to witness higher growth rate due to growth in focus to develop industrial infrastructure over the forecast period. In upcoming years, it is anticipated that future of the market will be bright as a result of rise in number of trade deals between governments of many countries across the globe and step taken to decrease trade barriers during the forecast period. It is expected that the market will be reached at US$ 3.6 trillion by 2025.

For more information on the research report, refer to below link:-
Global Chemical Logistics Market

Related Report:-
Global Chemical Logistics Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

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