Thursday, 24 September 2020

Halal Cosmetics Market: Consumption, Sales, Production, and Other Forecasts 2020-2025

Halal is an Arabic term which means lawful or permissible. Halal cosmetics are body and skin care products which are known to be free from the materials that are forbidden by the Islamic society. Halal cosmetics are based on the concepts of Halal and non-Halal, Najis and Mutanajis, safety and quality. Halal cosmetic is considered as an innovation to the cosmetic industry as it introduces new external and internal operations that will serve the growing customer needs. Halal cosmetics are concerned towards halal compliance that are basically applied upon the entire supply chain which ranges from sourcing of raw materials to manufacturing, transportation, freight handling and warehousing.

Growing consciousness among the consumers regarding the usage of ingredients in cosmetic products are resulting to the increase in halal cosmetics products. Government had identified halal cosmetics as certified halal by the Islamic Religious Department in Malaysia without the use of animal fat, gelatin or other chemicals. Halal cosmetics are known to be safe for Muslim as well as the non-Muslim consumers in terms of process, nature of the products and the knowledge of the ingredients used. Health hazards such as cancer and other distortions associated with the cosmetic products containing nano-particle ingredient resulted to a shift in consumer preference towards halal cosmetics products.

The global halal cosmetic products market has been segmented into different product types into skin care products, hair care products, make up products and others. Hair care products segment is expected to grow at a rapid rate in terms of revenue as compared to the other type of products. Skin care segment and make up products are expected to lead the market during the forecast period..The rise in demand for halal cosmetics is manly prejudiced by the halal logos. Manufacturers of halal cosmetic products are engaged upon continuous research and development in order to develop new products and conducts regular survey in order to know the customers concerns towards halal cosmetics. Increasing number of Muslim population and preference towards consumption of beauty products is considered to be a major driver for the global halal cosmetics market.

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However lack of knowledge regarding the halal cosmetics among the consumers leading to lower adoption rate is holding back the market for hala cosmetic products. Monopoly of the non-Muslim companies and government’s stringent rules and regulations are restraining the global halal cosmetics products market.

Additionally, South Asian halal cosmetics market are generating opportunities due to the presence of large Muslim population and high awareness regarding the halal cosmetic products. Growing number of women working population are generating business opportunity for more investment in the halal cosmetic industry.

The market for halal cosmetic products has been segmented into by geography namely North America, Europe, Asia Pacific, Middle East, Africa and Latin America. Asia Pacific is anticipated to capture the largest market share due to the presence of emerging countries such as Indonesia, Malaysia, India, Bangladesh, Pakistan and Maldives coupled with their improving socio economic factors. Malaysia consists of great potential to emerge as a global halal hub due to the rising demand of cosmetics and toiletries products. Middle East which includes United Arab Emirates, and Saudi Arabia among others is expected to have an important customer base due to their improvement in income levels coupled with structured Islamic society. Manufacturers use halal certification logo a way to inform and reassure their target customers

Global key participants in the industry includeDarling MMA Bio Lab Sdn Bhd, Ivy Beauty Corporation Sdn Bhd, Talent Cosmetic Co., Limited, The Halal cosmetics company, PHB Ethical Beauty, Sampure Minerals Amara Cosmetics Inc., Inika, Maratha Tilaar Group, Clara International, Saaf Skin care, Prolab cosmetics, IBA Halal Care, NUTRALab, Zelcos, Nizona Corporation, Croda among others.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Ballast Water Treatment Systems (BWTS) Market: Verified Value and Volume Forecasts up to 2027

Transparency Market Research delivers key insights on the global ballast water treatment systems market. In terms of revenue, the ballast water treatment systems market is estimated to expand at a CAGR of ~10% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the ballast water treatment systems market report.

In this market report, TMR predicts that increase in sea trade worldwide is one of the major factors driving the growth of the ballast water treatment systems market, as 90% of global trade is carried out through the sea route. Marine transport is a crucial part of economic growth. This transport option is more cost effective and convenient compared to other forms of transportation. Rising industrialization and liberalization of several economies have encouraged free trade across the world. This has prompted the demand for container vessels and cargo ships. Demand for ballast water treatment systems is anticipated to grow during the forecast period with increasing demand for such vessels.

Additionally, ballast water also results in serious ecological issues, due to the multitude of marine species carried in ballast water of ships. Ballast water includes bacteria, microbes, eggs, small invertebrates, as well as cysts and larvae of various species, which once released into a new environment survive and reproduce and become invasive species. Many a times, such species become dominant and result in the extinction of the native ones. All these factors result in the growth of the ballast water treatment systems market.

However, presence of multiple regulations coupled with lack of standardized regulations are some of the challenges hindering the growth of the ballast water treatment systems market. Different countries have different legislative requirements for ballast water treatment management. For instance, the U.S. has its own set of regulations mandated by the U.S. Coast Guard (USCG). Under such circumstances, it becomes difficult for ships from different countries to operate in U.S. waters. Hence, lack of implementation of standardized regulations is restraining the growth of the ballast water treatment systems market.

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However, ratification of guidelines as per the IMO Convention by several Asia Pacific countries is anticipated to be a key business opportunity for the ballast water treatment systems market. Asia Pacific dominates in terms of sea trade. According to UNCTAD statistics, sea trade of the Asia Pacific region accounts for roughly 64% share of the developing economies. With increasing trade, ratification of guidelines by countries, such as China and several other Southeast Asian countries, is anticipated to boost the ballast water treatment systems market for the next couple of years.

In terms of treatment type, chemical treatment segment dominated the ballast water treatment systems market in 2018. However, physical treatments are anticipated to grow during the forecast period. Physical treatments, such as UV irradiation is becoming popular among ship manufacturers, due to its efficiency and it is harmless to the marine environment.

In terms of tank capacity, the 1500 – 5000m3 segment dominated the market and is further anticipated to grow during the forecast period. Increasing demand for consumer goods, and economic factors such as trade taxes and freight charges have resulted in demand for large capacity container vessels that can ferry maximum containers at one go. Demand for ballast water treatment systems having large tank capacity is anticipated to increase in the near future, due to rising demand for large container vessels.

In terms of application, stationary ballast water treatment systems are a preferred option for ballast water treatment worldwide. Such systems are permanently utilized inside vessels to treat ballast water during long voyages.

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Ballast Water Treatment Systems Market: Prominent Regions

North America and Europe dominated the ballast water treatment systems market in 2018 and are further anticipated to dominate the market over the next couple of years. Increasing awareness about the harmful impact of ballast water on the marine environment has resulted in the dominance of these regions. Additionally, sea trade is prominent in these regions, leading to the dominance of the ballast water treatment systems market.

Ballast Water Treatment Systems Market: Key Players

Key players operating in the global ballast water treatment systems market include Wärtsilä Corporation, Damen Shipyards Group, Alfa Laval, atg Evoqua (Evoqua Water Technologies), GenSys GmbH, Evac, Coldharbour Marine Ltd., Ecochlor, GEA Group Aktiengesellschaft, ERMA FIRST ESK Engineering S.A., Ferrate Treatment Technologies, LLC, Veolia Water Technologies, Hitachi, Auramarine Ltd., and Bawat a/s.

Natural Cosmetics Market: Top Challenges to Face in 2020-2027

The assessment period from 2019 to 2027, the global natural cosmetics market will grow at a robust rate, taking the market worth up and producing new opportunities of growth to present to the market players marking its landscape. One of the most prominent factors leading to growth in the market is growing preference for eco-friendly products. Technological innovation is also taking the market towards a higher trajectory. Marketing initiatives highlighting benefits of using natural cosmetics is also helping the market grow.

Global Natural Cosmetics Market: Competitors Landscape

The global natural cosmetics market is rife with notable developments – a product of proactive measures taken by its numerous players, operating its playfield, driving the growth trajectory upward and forward. The fragmented vendor landscape has the following key players marking its competitive landscape:

  • Burt’s Bees
  • 100% Pure
  • Korres S.A.
  • Bare Escentuals Beauty Inc.
  • L’Oréal SA
  • AVEENO
  • Weleda AG
  • Arbonne International LLC
  • Avon Product Inc.
  • Coty Inc.
  • Tata Harper

The market players resort to a variety of growth strategies in order to battle out stiff competition. These include both organic and inorganic moves by these players. Some of these include a sharp focus on marketing, forging key alliances, and product improvement. A number of brands are directing efforts towards use of new and better ingredients – a measure to launch new products with a potential to capture a higher market share. Therefore, it does not come as a surprise that technological advancement and research and development are key growth determinants in the market

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Global Natural Cosmetics Market:  Key trends and drivers

A number of growth factors are marking the market landscape of natural cosmetics. One of the most prominent ones is growing perception among the consumers that these do not have any side effects. An overview of other prominent trends and drivers is provided below:

  • Increase in disposable income, particularly in developing regions of the world, is a significant factor of growth in the global natural cosmetics market over the forecast period. As affordability increases, people switch to premium products. This is a result of nations doing well on the economic front, pacing way for improved lifestyle.
  • Social media is a critical influence over people. As a number of influencers take to promotion of natural and organic products, demand curve for natural cosmetics market sees an upward curve. Additionally, it is quite significant to note here that a higher, more difficult to attain standard of beauty has also been established by social media. This is leading people to better care of themselves – their skin, hair, etc. This is a significant growth propeller in the global natural cosmetics market.

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Global Natural Cosmetics Market:  Regional Analysis

Europe has been a significant region in the global natural cosmetics market, owing to numerous reasons. The trend of dominance is set to continue into the forecast period. This will translate to a number of gainful growth opportunities in the region for market players to make the most of. It is significant to note here that the dominance is primarily an outcome of ban imposed by European Union on 1300 chemicals that were used in cosmetic products. Additionally strict laws regarding proving efficacy of products are also contributing to this growth positively. Improved momentum in the beauty industry of Asia Pacific region is also set to generate a slew of new and lucrative opportunities of growth over the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on clear cone bags market segments and geographies.

Facial Mask Market: Top Trends to Look for in 2020-2025

Facial masks are seamless skin care therapy or treatment for different skin concerns. The use of an appropriate facial mask can help remove excess oil, hydrate the skin, improve the appearance of pores on the face, and also help pull out impurities. Healthy skin care treatment incorporates daily use and weekly use of skin care products. Facial mask can be used once a week or more depending on the skin and related skin care concerns. Facial mask can be used by both women and men. Appling a facial mask has several other benefits such as it provides relaxation, deep cleaning, unclogs pores, and imparts glowing skin.

The global facial mask market is driven by various factors such as increasing availability of customized products, their ease of use, lifestyle changes, and growing number of beauty shops which are estimated to increase the demand for facial masks during the forecast period. Facial mask is the simplest way to get healthier skin in a few minutes. Furthermore, the benefits advised by the new product which includes advanced treatment solution and it is also available for different skin type which are the key drivers that are estimated to grow the overall facial mask market in the near future. However, health issues are projected to hinder the facial mask market during the forecast period. Increasing penetration of new players in the market provides an opportunity to drive the facial mask market during the forecast period.

The global facial mask market has been segmented in terms of packaging, mask type, distribution channel, end-user, and region. In terms of type of packaging, the market has been divided into tubes, sachets, jar, and containers. Based on mask type, the market can be segmented into natural ingredient mask, clay mask, peel off mask, warm oil mask, cream mask, and self or thermal heating mask. Based on distribution channel, the market is bifurcated into online and offline.

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Online distribution channel comprises company websites and e-tailer websites. Offline distribution channel includes retail store, hyper market, super market, specialty stores, drug and pharmacy stores, direct selling, and others. The end-user segment is further segregated into general consumer use, salon, spa, beauty clinic, and others.

In terms of geography, the facial mask market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. The market in Asia Pacific is projected to grow the fastest during the forecast period as compared to other regions. This is mainly due to increasing facial mask brands in China from the past few years which is predicted to grow in the coming years.

Major companies functioning in the global facial mask market includes New Avon LLC., Reckitt Benckiser (Clearasil), Clinique Laboratories, LLC., Decléor Paris, Estée Lauder Inc., Garnier LLC, L’Oreal Paris, Johnson & Johnson (Neutrogena), Unilever (Simple), The Boots Company PLC (Soap & Glory), Unilever United States (St. Ives),The Body Shop International PLC, 7th Heaven (Montagne Jeunesse), Procter & Gamble (Olay), The Smooth Skin Company, Avalon Natural Products, Inc. (Alba Botanica), BORGHESE, Paula's Choice, Eminence Organic Skin Care, Mario Badescu Skin Care, Inc., Arbonne International, LLC, Cosmedix, and Bioxidea Paris. +

Companies in the facial mask market are projected to see growing demand for facial mask treatment during the forecast years due to rising consciousness about appearance among the public. Players in the facial mask market are introducing new products which include economy to premium product brands. The market is estimated to witness an upsurge in the trend of growing sales due to higher purchasing power by women. This, in turn, is expected to drive the adoption rate of facial masks.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Temperature Controller Market: Deep Company Profiling of Leading Players 2020-2027

Temperature controller is a device used in a network to maintain the temperature.  It is used to control or maintain temperature without human comprehensive supervision. These are deployed in various research and industrial applications such as preserving food items, heat-treating applications, packaging and production of plastics. In a control system, a controller is given with an input in the form of a thermocouple or RTD. This input is then compared to the set level or the required temperature, regardless of the temperature around. A control component is then supplied with an output. The temperature controller constantly checks the temperature of the medium and adjusts it to the optimal temperature. Various organizations, scientific research companies and institutes are making significant investments in order to obtain efficient temperature controllers and simplify laboratory automation.

Temperature controller market – Competitive Landscape

  • In April 2017, Yokogawa introduced an improved version of the network-based STARDOM control system consisting of parts such as HMI and FAST/TOOLSTM SCADA. Monitoring, operation, control, information collection and storage are the main control system applications
  • In April 2017, Gefran released a new series of PID controllers that includes three models: 850/1650/1850. This new series offers various integrated functions that reduces the number of devices installed on a machine and also simplifies the configuration, therefore, saves time and money
  • Founded in 1933, Omron Corporation, headquartered in Kyoto, Japan is an electronic company that manufactures and sales electronic equipment and automation components, and is also known for medical equipment such blood pressure monitors, digital thermometers and nebulizers. Omron Oilfield & Marine, subsidiary of Omron Corporation is a provider of AC and DC drive systems and custom control systems for oil and gas and related industries.

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    Delta Electronics

    Incorporated in 1971, Delta Electronics is based in Neihu, Taipei. Delta Electronics is an electronics manufacturing company. The company also manufactures power management and thermal solutions. As an energy-saving solutions provider with core competencies in power electronics and automation, Delta's business segments include power electronics, automation, and infrastructure. Company offers some of the most energy efficient power products in the industry, including switching power supplies with efficiency, telecom power and PV inverters.

    Honeywell International Inc.

    Established in 1906, Honeywell International Inc. is a manufacturer of variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments

    ABB Ltd.

    Founded in 1836, ABB Ltd. established in 1988, headquartered in Zurich. Switzerland, is a company that operates in electrification, industrial automation, motion, and robotics & discrete automation.

    Some of the significant players in the temperature controller market are Eurotherm (Schneider Electric), RKC Instruments, Omron Corporation, Autonics Corporation, Honeywell International, Watlow Electric Manufacturing Company, Panasonic, Hanyoung Nux, Delta Electronics, Yokogawa Electric Corporation, Durex industries, and ABB Ltd. among others.

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    Temperature Controller Market - Dynamics

    Introduction of Hybrid Temperature Controller and Various Advantages offered By Temperature Controller is driving the Global Market Growth

    Factors such as communication capacity in temperature controllers and the introduction of a hybrid temperature controller as an option to a PLC machine is expected to drive the development of the temperature controller industry. Companies use instruments such as artificial intelligence, cognitive skills in machine learning, and architectural instruments to save time, money and minimize the human error. In industrial environments, accurate control of these variables is critical as it increases product quality while allowing automation, allowing smaller employees to monitor and control complicated procedures from a key place. Increasing deployment of temperature controllers is observed due to its comprehensive use in various sectors such as oil & gas, petrochemicals, food, etc.

    There are many advancements in temperature controllers such as the reduction in the size of controllers and in communications it is the ability of the temperature controllers to control them remotely. These features of temperature controllers will significantly contribute to the growth of the global industrial temperature controllers market during the forecast period. However, there are some limiting factors for the temperature controller industry, such as increasing worldwide price rivalry, slowdown in the worldwide economy, and competition in technology. The global temperature controller market has some evolving trends such as display trend charts and allow data logging, miniaturization of temperature controllers and use of software to maintain the data which are expected to boost the market growth in coming years.

Food Container Market: Growth Opportunities to Tap into in 2020-2024

The emergence of packaged food as one of the most lucrative segments of the global food and beverage industry in the past few years has fueled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging. 

This report on the global food containers market presents a thorough overview of the present state of the market and forecasts the future growth prospects of the market and its key segments over the period between 2016 and 2024. The report also includes rich qualitative and quantitative data pertaining to historical facts and values of market and its segments. The report includes a detailed analysis of factors such as growth drivers, threats, popular trends, and opportunities in the market, presenting before the reader a holistic picture of the aspects expected to have the most profound influence on the development of the market in future years. 

The global food containers market research report segments the market on the basis of criteria such as product type, application, and geography. The report provides details such as growth opportunities, growth challenges, and promising regional markets for each of the segments and sub-segments discussed in the report. The report also allows the reader to gain a deeper insight into the vendor and competitive landscape of the market with the help of detailed business profiles of some of the key vendors operating in the market. The exhaustive data in the report is expected to help the reader gain a clear idea about the growth potential in new and emerging regional markets or segments in the near future.

Global Food Container Market: Drivers and Restraints

The global market for food containers is expected to be chiefly driven due to the significant rise in food output globally. The increasingly sophisticated consumer today is demanding convenient packaging that is easy to carry, store, and allows ready consumption of food. Hence, it has become highly important for food container manufacturers to keep pace with these changing consumer preferences. 

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The rising number of women in workforces, increased number of families consuming packaged foods, and a vast surge in double-income families are also key to the healthy growth prospects of the global market for food containers. Other crucial factors expected to drive the market for food containers include the rising population across urban settings and the increasing number of single-person households. 

Global Food Container Market: Segmentation

The report segments the market in terms of product into food container varieties such as paperboard food containers, bags and pouches, plastic food containers, metal food containers, glass food containers, and raw materials food containers. Of these, bags and pouches are expected to witness high demand from consumers owing to benefits such as visual appeal, ease of portability, convenience, and freshness protection. Ease of product differentiation and excellent branding opportunities make bags and pouches amongst food companies as well. These factors are expected to compel food container companies to focus more on this segment in the next few years. 

The segment of paperboard food containers is expected to witness a slowdown in global demand as applications mature and novel packaging options such as flexible packaging gain an edge. In terms of application, the segment of frozen desserts and ice creams is expected to exhibit a slightly different dynamics, with paperboard tubs and folding cartons retaining their positions as most preferred containers. 

Companies Mentioned in the Report

The global food container market features a highly fragmented vendors landscape and intense competition in terms of product variety and cost. Some of the notable vendors in the market are Alcan Packaging Food Americas, Caraustar Industries Incorporated, Anchor Glass Container Corporation, Constar International Incorporated, Plastipak Holdings Incorporated, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group, Sonoco Products Company, and Printpack Incorporated.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Smart Card Market | Size, Share, COVID – 19 Outbreak and Forecast to 2027

The global smart card market stood at US$ 32.5 bn in 2018. Due to increasing technological changes, the market is expected to reach US$ 79.8 bn by the end of 2027. Due to consistent growth and increasing use of smart cards, this market is estimated to rise at a CAGR of 10.5% during the forecast tenure between 2019 and 2027.

Key players driving the global smart card market are NXP Semiconductors NV, Gemalto NV, Infineon Technologies AG, and Giesecke & Devrient (G&D) GmbH. These companies hold hold dominant share in the global smart card market. Some of the new entrants such as Watchdata and Eastcompeace Technology Co. Ltd. are making significant efforts to give a tough competition to the existing players in the market. New players are providing solutions based on consumer preference.

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Global transaction value via digital payment method was above US$ 3 trillion in 2019. Moreover, age group between 15–34 also has a robust keenness for new technologies that has changed digital solutions from being a accessibility to an important part of how people transact. This is one of the key trend of the growth in smart card sales.

In terms of type, the global market for smart card can be segmented into contactless cards, contact cards, hybrid smart cards, and dual interface. The demand for contact smart cards is expected to keep rising as customers become more inclined towards an improved digital landscape. Based on component type, the global market for smart card can be segmented into microcontroller-based smart cards and card-based smart cards. The demand for microcontroller-based smart cards is increasing on account of the need to track transactions. 

Increasing Demand for Cashless Payment

Rising demand for cashless transaction in the developing economies in order to control and manage average spending is driving the product demand. It is a convenient option for companies to make their daily payment through smart card. According to a study. Canada, Sweden, U.K., France and U.S. are the top five cashless economies in the world.

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The information presented in this review is based on a TMR report, titled Smart Card Market (Type - Contact Smart Cards, Contactless Smart Cards, Hybrid Smart Cards, Dual-interface Smart Cards; Component –Microcontroller) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019– 2027”.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...