For instance, the development of additives, nutrient content of the cattle feed, efficient digestibility, and enhanced animal health are some of the market aspects that are getting a lot of attention. In fact, the rising demand for milk, for instance, is increasing concerns about the health of the cattle — thus, indirectly serving to the growth of the global cattle feed market.

Not to forget that the need for more sophisticated analytics and technology-driven products is increasing, too. With all these influences working together, it is estimated that the cattle feed industry will continue to expand in the years to come. Certainly, a lot of opportunities are waiting to be explored.

Market Overview

Holistically speaking, the animal farming sector is responsible for the annual growth of 40% in the global agricultural production value as per the Food and Agricultural Organization (FAO). This has a direct influence on the expansion of the cattle feed market. As it stands, the cattle feed market is evolving at a CAGR of 3.1% and would keep treading the same path, albeit steadily, until 2025.

But it is not just being regulated by a solitary source and has a variety of other sectors with influences:

• The rise in dairy products is advocating for the cattle feed market. Not to forget that livestock, too, has stood up as the major income source for almost 23% of the households working in the field of agriculture even to this day.
• Bovine milk use is on the rise. As per recent reports, this industry has witnessed an increase of 6.65%, with almost 176.4 million tons of milk being produced.
• Increased bovine protein demand is being observed given that lifestyle change is promoting consumption of increased meat and protein.

Looking at the current cattle feed market (valued at 942.4 billion in 2020), the vitality of the cattle feed industry in the global market and dominant market players, the sector can certainly be assumed to be a very lucrative option for investors.

Indian Market Status

• Market size: $942.4 billion in 2020.
• Forecasted market size: $460.322 billion by 2026
• CAGR: 12.5% between 2020 and 2026.

As elucidated above, dairy, bovine protein, livestock are not just the major driver but also the market players in the cattle feed industry. Moreover, the tough to differentiate segments of beef, dairy and other animals are driving the cattle feed market. Major concerns, however, are supply-demand disintegration in milk production, adverse weather conditions and the rising global population for livestock. But these all open avenues for investment opportunities and valuate the industry in a promising light.

Nevertheless, the key preference to invest in the cattle feed market lies in analysing the particular product segments and their current and expected growths along with the recent trends that affect their demand.

Market Segmentation Forecast

Growth of the Additive Market

The additive market is being driven by a multitude of factors. Their addition to the cattle feed is essential, and that is how it influences the cattle feed market.

• Vitamins: With a CAGR of 3.7% between 2021-2027, the market is presumed to attain a size of $28.6 billion by 2027.
• Antibiotics: With a CAGR of 8.1% between 2020-2025, the market is presumed to attain a size of $44.4 billion by 2025.

Ingredients Used to Make the Cattle Feed

Ingredients used to make the cattle feed play an important role in the global market, and their use will influence the production of cattle feed exponentially. Again, one must note that cattle feed production is not the sole reason for producing the raw materials used to make them.

• Grains: The grain market will grow at a rate of 6.4% between 2020-2025, and the biotechnological evolution will add impetus to it.
• Brans: The bran market is expected to grow by 4.5 % by 2025.

Growth of the End Products in the Market

The more the end product consumption will be, the more will be the supply and hence more the demand for cattle feed.

• Dairy product industry: Annual CAGR of 2.5% between 2020 and 2027.
• Meat industry: Annual CAGR of 6.24% between 2020 and 2027.

Conclusion

The cattle feed market is multi-dimensional, with varied and diverse segments. Its growth primarily depends on increasing demand for the products, which in turn will create new markets for both existing and future food processors. The industries will continue to search for new ways of increasing their profit margins while reducing the cost of production. With the potential market scope and opportunities, the cattle feed industry looks promising.

Factors such as – strict animal welfare norms, requirements of meat production coupled with the advancements in nutritional science – will add to the growth of this sector, not to mention the traction of the dairy industry.

The post Cattle Feed: Analysing Market Health and understanding the Opportunities appeared first on EIRI - eBooks and Project Reports.

In fact, more than 70% of the production of jaggery, i.e., Gur takes place in India. Considered to be viable for improving digestive health, preventing anaemia, detoxifying the liver, and improving immune function, jaggery has made its mark in the international market as a mainstay, predominantly in the health industry. 

With increased jaggery production demand, there is an ever-proliferating need to fulfil the same by making the most of jaggery units. The recent export data confirms the same. Between 2020 and 2021, India was responsible for $358.8 million worth of jaggery exports to the world. 

Besides, in 2020, the overall production of jaggery in India was noted at around 170 million metric tons. This is far greater than a decade ago when the production stood at 150 million metric tons. 

All the aforementioned factors contribute to the idea of investing in a jaggery plant that could help strike a balance between the traditional pressing and distilling approaches and modern-day technology. 

On average, a jaggery plant requires 300 meters square of space, and there is a good market for jaggery use and sale within the country. Data suggests that these plants can yield a profit of 40-60%, something that the modern-day jaggery plant could strive for.

Market Overview

Even though jaggery is a seasonal product, its market does well in the subcontinent. Asia and Africa together control 85% of the production, paving the way for growth in the associated industries like confectionery, beverages, and processed products.  

Different reasons for the increased use of jaggery and, in turn, of jaggery units:

1. Sugarcane and palm jaggery are important and have different properties and characteristics. Palm jaggery of two types- coconut palm and date palm jaggery. The typical taste of sugarcane jaggery is what makes its crystalline form so popular and also gives way to increasing its production.
2. Health-conscious people constantly shift from sugar to jaggery to make amends with excess sugar consumption.
3. Jaggery has a lot of minerals, including zinc and selenium, making it a strong immunity booster and propels the growth of the jaggery and jaggery units together.
4. The production of sugarcane has a marked influence on jaggery production.

Indian Market Status

Current market size: INR 48.7 billion, as of 2021

Forecasted market size: INR 107.6 billion by 2027

CAGR: 14.2% between 2021 and 2027

Different factors guide the market size, and these trends help increase the demand for jaggery units. Based on different factors, the total demand curve is formed. The steeper the curve, the higher the demand, and vice versa.

To that end, here’s a holistic insight into the estimates of how the adjoining industries pull the demand curve upwards for the jaggery unit industry.

1. Sugarcane production

With a CAGR of 4.3% in India and 5.3-6.0% globally, the production of sugarcane is expected to increase its presence in the Indian market, which will directly help the jaggery unit industry.

2. Jaggery unit equipment

The jaggery plant market will expand with a CAGR of 7.4% until 2026. It is further dependent on the availability of the unit materials that are needed for the jaggery processing. The investment is dependent on whether the processing unit is going to be for sale or for simple consumption on a household level.

3. Jaggery consumption

An impressive CAGR of 6% is expected during the forecast period of 2020-2027. It is further dependent on the availability of a jaggery unit and the rate of jaggery distillation.

4. Confectionery consumption

Indian confectionery consumption is expected to spike with an annual CAGR of 6.7% from 2019 to 2023. It is expected to have a substantial impact on the demand for jaggery units in terms of its production costs, which is then passed on to the consumers.

Wrapping Up

The jaggery unit market is rippling with opportunities, and the jaggery units are a definite way to cash in on the same. This is because there is a steady rise in demand for sugarcane, sugarcane processing equipment, as well as sugarcane distillation equipment. Besides, the global market is following suit and is depending on Indian jaggery unit manufacturers. 

With the right approach, it’ll be a cakewalk to create a profitable jaggery unit business.

However, it would be essential to be aware of all the regulatory requirements and also consider them as a one-time investment. There is a need to tune into the market, understand the specific challenges and challenges related to jaggery unit production, and how they can be overcome.

The right jaggery unit may be highly profitable for the company that produces it. But if it is not well marketed and marketed in the right ways, it can go really wrong. That said, reach out to the experts from the industry at EIRI for advice and guidance on how to go about it. 

The post Jaggery Unit: Analyzing Market Health and understanding the Opportunities appeared first on EIRI - eBooks and Project Reports.

Last year, the market size catapulted into a market valuation of $21.6 billion, and understandably so. The mustard oil industry has soared through the ranks in recent years thanks to the realizations that have dawned on people about various health concerns and the benefits of omega-3 fatty acids. 

Mustard oil contains omega-3 fatty acids and six different fatty acid compositions, including linoleic acid alpha-linolenic acid in a ratio of 10:1. This composition has many benefits to the body, most notably with its anti-inflammatory properties that can help improve the body’s immune system and reduce inflammation in the joints and muscles. 

Additionally, the pressing of the mustard seeds has seen changes and improvements over the last few years. That, too, has contributed to the increased production of mustard oil in the previous decade or so.

Market Overview

As elucidated above, several reasons are adding up to the increased production and use of mustard oil:

• North India, in particular, employs the oil for cooking purposes.
• The applications are immense in the beauty segment, where products like hair vitalizer need mustard oil for anti-bacterial and anti-fungal purposes. 
• Mustard oil also acts as an appetizer and stimulant used in industries producing such products.
• The pharmaceutical and health industry further present opportunities for mustard oil utilization.
• Different varieties of mustard, including white, black, and yellow mustard, are used in various segments, particularly for anti-fungal and anti-bacterial offerings.

Current Mustard Oil Market Status in India

Forecasted market size: 21.6 billionby 2026

CAGR: 3.8-4.5% during the forecast period (2022-2027)

Mustard oil comprises significant components of the oleochemical and medicinal product segment, which are consumed as anti-inflammatory, anti-allergic, anti-bacterial compounds. The growing cosmetic industry and the latest technological developments are also expected to maintain a significant market share during the forecast period.

Market Segmentation Forecast

The mustard oil market is heavily governed by industries where it’s a primary ingredient. The yield of mustard is dealt with appropriately, and the farming sector with its biotechnological innovations is punching in a lot of effort in this regard.

Here’s what the market’s segmentation looks like:

1. Cooking Oil Industry

The proliferation of the cooking industry is directly proportional to the growing population. Given the proven importance of omega-3 fatty acids, the cooking oil industry targets the growth of the mustard oil segment. At a CAGR of 3.25%, the market is expected to catapult a revenue of $2 56,200 million by 2027. The mustard oil will be a significant contributor with a CAGR of 3.8% between 2020 and 2026 and a $45 million market size by 2026.

2. Aromatherapy

The aromatherapy market size stood at $1.6 billion in 2020 and is expected to grow at a CAGR of 11.65% between 2021 and 2028. Again, mustard oil plays a crucial role in achieving the desired effect and has always been a significant contributor to the aromatherapy industry, where it is used for massage purposes and other related therapeutic applications.

3. Appetizer / Snacks

The market of appetizers and fast foods is ever-expanding, and there is supposed to be a rise in the demand for appetizers with the growing market size, recorded to be $78.13 billion in 2019. The reason is that a variety of appetizers can be prepared in minutes and are ready to offer as soon as they are dispatched. Mustard oil is believed to play a significant role in the success of this business section because of its vital role in the health factor. In addition to this, it has also been used to add nutritional value and texture.

4. Cosmetics

The beauty industry has evolved over the last few years, especially with the introduction of the organic and natural products segment. The organic segment is said to be growing in India at a CAGR of 4.23% between 2020 and 2026, making it the fastest-growing beauty industry segment. Mustard oil is used for hair care and hair treatment products, which are increasingly popular with their low pricing and high effectiveness.

5. Therapeutic application.

Different pharmaceutical and other therapeutic units will also show exhibit proliferation in the forthcoming period. Given the kind of environmental organization we are in, it won’t be easy to sustain health without proper care. That said, a YoY growth of 7.1% is expected in this segment during the forecast period, indicating how vivid mustard oil’s role will be as a therapeutic product.

Conclusion

Mustard oil is a vital ingredient and plays a significant role in several industries. It’s one of the most important oils in India, and its increased production only indicates how crucial it is to Indian businesses. In addition to being vital as a cooking medium, it presents a number of other avenues that can be explored in the coming years. To that end, the mustard oil market will be an advantage-focused market, where the manufacturers and traders will both realize the prominence of the associated products.

The post Mustard Oil – Analysing Market Health and understanding the variations appeared first on EIRI - eBooks and Project Reports.

No wonder, then, that the HDPE pipe market is expected to grow at a CAGR of 5% from 2022 to 2030, to reach $22 billion. Given the right set of circumstances, HDPE pipes can last for centuries without any significant deterioration. In fact, several water distribution systems worldwide are still using HDPE pipes that were put into use before 1980. These are impressive numbers for a product that was only commercialized in the 1960s. 

HDPE Pipes Market Segmentation

The global HDPE pipes market can be segmented based on geography, distribution channel, and material. More granularly, the market’s segmentation into product types, applications, and end-use industries is essential. It’s noteworthy that HDPE pipes are available in different strength variants, with PE80 and PE100 being the most commonly used. 

HDPE Pipes – Geographic Analysis

The APAC region, as it stands, is touted to be the largest market for HDPE pipes during the forecast period, with India accounting for a sizeable share of global demand. Analysis shows that India’s HDPE pipes market would experience growth of CAGR 10.41% at least until 2026, growing about 301.27th in volume in the same period. The neighbouring nations, too, will see market growth throughout the forecast period owing to the growing demand for HDPE pipes as a result of increasing urbanization and industrialization. Growing awareness about the benefits of HDPE pipes for use in water and wastewater infrastructure is a key market driver in the subcontinent.

HDPE Pipes – Distribution Channel Analysis

Retailers are the leading distribution channel for HDPE pipes. In the same vein, supermarkets and other retail stores generate the demand for HDPE pipes. They are made available at face value of the product and sold at a nominal mark-up in the retail market. Retailers use HDPE pipes as required by their customers, and they sell them at a premium that is determined by the quantity they provide.

HDPE Pipes Market Applications

As elucidated above, HDPE pipes are used to transport water and wastewater. However, their use isn’t limited to this. They are also used in the production of plastic products, agricultural implements, and other such applications.

1. Agricultural applications: From irrigation systems to root sprouts, agricultural implements made from plastic are used to sustain food crops. Farmers turn to HDPE pipes for use in these applications since they are strong and flexible, resistant to corrosion, and easier to assemble.

2. Chemical applications: This application segment includes HDPE pipes used to transport both toxic and edible oils and chemicals. These pipes are crucial for the operations of chemical plants, refineries, and other industrial sites that require safe and reliable transport of hazardous chemicals.

3. Compressed air applications: Pipes used to transport air at high pressure are also made from HDPE. Conveyance of air in compressed form is very important for many industries, including oil and gas exploration, pipeline construction, power generation, and health care.

Investment Opportunities

The winds of change are influencing the global market for these pipes. Market players need to closely track which type of applications will be most attractive to buyers, and they need to be able to satisfy those needs with a cost-effective product. At the same time, they need to keep the impact of the COVID-19 pandemic in mind, for it could be a major disruptor in the global HDPE pipes market. 

That said, market players can effectively adapt to changing market conditions by investing in startups, innovation, and integration of their business models with new technologies. They need to lay explicit emphasis on the type of product being retailed. For instance, standard ducts, micro ducts, pathways, etc., will be a massive draw if they can be supplied as per customers’ requirements. Even better, it would be great to be able to offer custom solutions for specific distribution systems. 

In a Nutshell

Developing a roadmap for sustained growth in the HDPE pipes market is imperative. Any company that looks to have a long-term vision and is willing to invest time and resources will be able to become a success story. Undoubtedly, companies that are focused on putting in place a sustainable growth plan will reap the benefits of market expansion in the coming years.

Curious to know more about the HDPE pipes market? Reach out to us.

The post All About the HDPE Pipe Market – Size, Segmentation, Applications and Opportunities appeared first on EIRI - eBooks and Project Reports.

The paver block market is one of the fastest-growing segments in the paving industry, and it has been doing maintaining that status for over a decade. The growth in this segment is due to its increasing popularity among homeowners as well as contractors. It is also gaining traction because it provides an aesthetically pleasing finish on driveways and walkways.

Market Scope and Potential

The best part about the paver block market is that it serves a variety of sectors, and as such, paves the way for tapping into numerous applicable segments (including residential and industrial).

Usually, paver blocks are made from concrete that is poured into forms. These blocks can be used to create any type of surface, including brick pavers, flagstone pavers, stamped concrete, etc. For that reason, they are available in various sizes and shapes, and they have different textures to them. There are many types of pavers available such as:

• Brick pavers – Brick pavers are usually rectangular or square-shaped with smooth surfaces. They are often used to pave sidewalks, patios, entryways, and driveways. 
• Flagstone pavers – Flagstone pavers are flat stones that are set in mortar. They are generally larger than traditional bricks and can be used to pave pathways, driveways, steps, and walkways. F
• Kerbstone pavers – Kerbstones are similar to flagstone pavers, but they are smaller and more compact. They are typically used to pave parking lots and other outdoor areas.
• Stamped concrete pavers – Stamped concrete pavers are usually rectangular in shape and feature a textured surface. They are commonly used to pave parking lots, driveways, walkways, and patio floors.

Paver Block Retail Pricing – A Gamut of Opportunities

The prices of concrete paver blocks could vary significantly based on their shapes, sizes, and applications. For instance, a conventional hexagonal paving block could cost INR 30 per sq ft. At the same time, an outdoor cement block of thickness 25mm could be retailed at INR 30 per sq ft. With thicknesses in excess of 40mm, Kerbstone blocks are always in demand for outdoor floors in institutional spaces and cost more than INR 130 per sq ft. Hence, there’s a wide range of opportunities for retailers in this market.

Market Dynamics

The global paver block market has been witnessing steady growth over the past few years. This growth can be attributed to the growing demand for hollow concrete blocks — a market that is estimated to constitute a value of $602 billion by 2027. That’s a considerable increase, considering that the market stood at just under $500 billion in 2019. The booming industrial construction sector and home renovation and remodelling projects are the biggest contributing factors to the market surge. The following section elaborates on these factors in more detail.

Key Growth Drivers

The key drivers for the paver block market include the rising construction activities across India, especially in urban cities. This is coupled with the growing number of homeowners who want to beautify their homes with attractive paved drives and walkways.

Furthermore, the government’s focus on developing infrastructure through public-private partnerships (PPPs) is expected to increase the demand for paver blocks. PPPs involve private sector investments in infrastructure projects that the government funds. The government provides land, while the private sector finances, builds, maintains, and operates these facilities.

However, the lack of awareness regarding the benefits of using paver blocks remains a major challenge for the industry. This is because most people still prefer to use natural materials like gravel, sand, and pea stone. This can be resolved on a more granular level, and going by the construction trends in the country, this challenge wouldn’t suffice for long.

What Does the Future Hold?

The paver block market is projected to grow at a CAGR in excess of 4% between 2021 and 2026. In addition, it is also expected to witness significant growth during the forecast period due to increasing construction activity across India. Thus, it wouldn’t be an exaggeration to say that the market will continue its upward trajectory in the coming years.

As per geographical distribution, North America is expected to remain the largest regional market for paver blocks. However, Asia Pacific is expected to register the highest CAGR during the forecast period.

Conclusion

The paver block industry is experiencing tremendous growth owing to several factors such as increasing construction activities, improving living standards, and changing consumer preferences. These factors have led to increased demand for paver blocks from both residential and commercial sectors. Furthermore, the construction sector is expanding rapidly in countries such as China, India, Japan, South Korea, Russia, Brazil, Mexico, Saudi Arabia, and Turkey. India, in particular, is one of the fastest-growing economies in the world; therefore, the country would contribute massively to the overall growth of the paver block market.

The post Paver Block Market – Everything You Need to Know Going Forward appeared first on EIRI - eBooks and Project Reports.

Let’s unveil the intricacies of the soft drinks market value, trends, opportunities, and future demand along those lines.

A Profound Look into the Market

Soft drinks, especially carbonated drinks, have always been linked to refreshment and relaxation. In fact, they have the potential to improve mood, boost energy, and give the consumer a more aesthetic impression. Given that they are consumed for hydration in most countries, it is no wonder that soft drinks contribute massively to the food and beverage segment.

Apart from carbonated drinks, energy and sports drinks and other non-carbonated soft drinks, too, command a significant amount of the total soft drinks market value. This is because these beverages are consumed by both children and adults alike.

Here’s a summary of how the market looks like in 2021:

1. Total Revenue – $3,260 million
2. Carbonated Soft Drinks – $1967 million
3. Non-Carbonated Soft Drinks – $1041 million
4. Energy & Sports Drinks – $173 million

Here’s a summary of the projected market in 2026:

1. Total Revenue – $4,042 million
2. Carbonated Soft Drinks – $2,514 million
3. Non-Carbonated Soft Drinks – $1,358 million
4. Energy & Sports Drinks – $170 million

Indeed, this is a fascinating analysis and reflects the potential of the soft drinks market value. Moreover, it highlights that carbonated soft drinks will still be neck-and-neck with non-carbonated soft drinks in terms of revenue.

A Look into the Trends

1. The Never-ceasing Inclination Towards Flavoured Energy Drinks 

Soft drinks, especially carbonated soft drinks, have long been a popular beverage choice for both adults and kids alike. To enhance their appeal, more and more soft drink products are becoming more flavoursome.

2. Holistic Well-being After COVID-19 Pandemic Scare (fewer preservatives)

As the COVID-19 pandemic scare continues, consumers worldwide are now more likely to switch over to natural and organic food and beverages, including soft drinks. As a result, more soft drink manufacturers are producing ‘healthier’ alternatives.

3. Rising Interest in New Sensory Experiences (taste exploration)

Avid soft drink consumers are being more adventurous and are searching for tastier alternatives. This is evident from the increasing number of carbonated drinks that are being marketed, developed, and distributed all across the world. Social media certainly takes a fair share of such marketing endeavours.

A Look into the Opportunities

1. Chance to Introduce low-fat, low-sugar Carbonated Drinks

For the soft drinks market value to reach its full potential, chances are that there will be increased incorporation of low-fat and low-sugar carbonated drinks. These come in handy for the obese, diabetic and those looking for a healthier alternative to sugar.

2. Diversify the Product Line (soft drinks for diabetics)

Given that diabetes is one of the most prevalent diseases in many countries, opportunities are ripe for exploring such products. Again, there needs to be more development of drinks that are low-calorie and low-sugar.

3. Chance to Derive Natural Taste from Natural Sweeteners

The proliferation of low-calorie and low-sugar drinks is anticipated to see natural sweeteners such as fruit juices, honey, and stevia being used for producing less-sweet beverages. Considering that the production volumes are set to cross the 6000 litres mark by 2025, there’s an opportunity for the manufacturers and suppliers to experiment with the ingredients.

4. Chance to Drive Sustainable Innovation for Branding

Considering the omnichannel approach, there is a golden chance to adapt and innovate in this sector. Again, companies are also looking at adopting CRMs, ERPs, and other technologies like blockchain in their enterprise-level strategies — opening multifaceted avenues for investors to explore and invest in. In fact, the mobile and desktop revenue share is worth highlighting with regard to the branding efforts. 

As of 2021: 

1. Mobile Sales Share: 83.2%
2. Desktop Sales Share: 16.8%

In a Nutshell

With the aforementioned intricacies, it should be clear that the soft drinks market in India is on its way to achieving a revenue of $4,000 million by 2022. This is a promising sign for investors, manufacturers and suppliers. It should be noted that the rising consumer consciousness will see soft drinks companies modifying their ingredients as well as production techniques to cater to consumer preferences. Again, there is an opportunity to launch low-fat and low-sugar alternatives in order to reach out to a wider consumer base.

Curious to know more about the market insights? What are the opportunities?

There’s a lot more to be said on the topic. The above information captures just the tip of the iceberg for investors, manufacturers and suppliers. The additional potential for growth can be exploited by anyone willing to invest in the soft drinks sector.

So, if you are interested in knowing more about specific aspects of this market, we’ve got you covered. Contact us now!

The post An All-Inclusive Analysis of Soft Drinks Market Value, Trends, Opportunities, and Future Demand appeared first on EIRI - eBooks and Project Reports.

This is precisely why enterprises and consumers alike categorically affirm the viability of implementing a metal roof, which is affordable and durable. In essence, metal roofing is a blanket term that has found its way into new residential housing units, warehouses, industrial units, and even commercial complexes.

A Look into the Market

Metal roofing is one of the most cost-effective alternatives in terms of longevity and performance, which opens up numerous applications beyond external architectural structures. It is also convenient for maintenance because it requires minimal to no upkeep.

That said, a number of reasons are attributed to the growth in demand for metal roofs. For instance, metal roofing is cost-effective, significantly extending the lifespan of the material. In addition to this benefit – albeit one that seems to be lost on many – metal roofs also offer durability and aesthetics.

Here’s a summary of how the Indian market looks like:

• Value – $986 million (as of 2020)
• Projected Value – $1,546 million (by 2026)
• CAGR – 7.9%

Here’s a summary of how the Global market looks like:

• Value – $7,721 million (as of 2020)
• Projected Value – $14,862 million (by 2027)
• CAGR – 11.53%

Certainly, the global metal roofing market is poised to grow exponentially in the next four years. With such huge market potential, it is no surprise that multiple companies are vying for a share of the pie, where opportunities for metal roofing contractors become immense.

A Look into the Trends

1. Design aesthetics

The design aesthetics for metal roofs is often a combination of aesthetic, durability, and functionality. Of course, aesthetics is a definite factor in awarding points to metal roofing, considering the proliferation of minimalist design trends.

2. Maintenance cost

Metal roofing is generally low-maintenance which is due to its resistance to corrosion, rust, and water damage. Therefore, it would come as little surprise that the number of buildings incorporating metal roofs as exterior cladding has increased over the years.

3. Fire protection

The fire risk for buildings’ exterior cladding is undeniably high, making metal roofing a must-have for commercial and industrial complexes needing fire protection components.

4. Environmental friendliness

The metal roofing industry is also making an effort to be more environmentally friendly. For instance, metal roofing manufacturers are incorporating sustainable initiatives into their business operations, ranging from producing solar panels, installing renewable energy sources, and recycling building materials. It would come as little surprise that metal roofs continue to gain popularity in the building sector.

5. Grain, Walnut and Metallic finishes

Typically, most metallic roofing materials are baked to achieve a glossy and smooth finish. However, some materials may take on a slightly grainy or even matte finish. Naturally, the final appearance of the roof will be based on aesthetic preferences and practical considerations such as weather conditions. 

A Look into the Opportunities

1. Maintenance

Companies that offer metal roofing services such as repair, inspection, and supply are poised to attract more customers. In fact, metal roofing contractors are expected to draw unprecedented growth in the landscape industry. It is also important to note that residential properties with metal roofs typically require minimal maintenance and often last longer than other materials. Hence, demand for metal roofing services will only increase over time.

2. Cost

As mentioned earlier, metal roofing is generally a cost-effective alternative to other materials such as tile. Metal roofing can even cater to commercial and industrial buildings that require extensive fire protection systems. Hence, demand for this type of material will only rise in the future.

3. Demand from Developing Markets

Manufacturers, contractors, and service providers are also expecting a higher demand for metal roofing products in the coming years from developing markets such as Asia-Pacific and Africa.

A Look into the Competition

• Building contractors and companies that offer metal roofing services to homeowners and businesses are major players in this segment. 
• Metal roof manufacturers are also major competitors in the market. Some have entered into strategic partnerships with other supplying companies such as distributors, contractors, and installers to tap into new markets like India, Poland and China.
• As a result, one major trend in this segment is to produce lightweight metal roofing such as steel or galvanized zinc. 
• Due to the increasing demand for metallic and steel materials, a growing number of companies offer these products.
• The market is expected to maintain its bullish growth over the next few years because of the increased demand for lightweight metal materials for various construction projects.

To Sum Up

Amid market proliferation, we can expect that contractors, as well as architects and construction companies, will be in for a real treat. By carefully navigating through this market genre, these professional players can achieve substantial revenue from this booming industry.

The post End-to-End Analysis of the Metal Roofing Market appeared first on EIRI - eBooks and Project Reports.

Currently, India stands as one of the biggest single-use-plastic generating nations, with over 5.58 million tonnes of material produced annually. China and the US lead the race with the produce of 25.36 and 17.19 million tonnes, respectively. 

Without a doubt, the industry is ripe for opportunities and has a great future.

To that end, let’s dig deeper into the granularities of the plastic waste market.

Industry overview

India generates 3.3 million metric tons of plastic every year, with states like Goa and Delhi soaring through the ranks due to population, tourism, and rapid industrialisation. The recycling of this plastic accounts for an estimated 9% of the total production. Even then, the recycling market is growing at a healthy CAGR of 6.5% and is expected to grow to $53 billion by the end of 2023.

Even though plastic waste is now seen as a significant problem affecting both human health and the environment, only 5% of Indian plastic waste gets recycled. The rest ends up in landfills or is burnt on a large scale. 

Even though the government has been trying to crack down on plastic waste for a long time, there is still a lot of work to be done – especially in India – before we can consider ourselves to have fully dealt with this issue.

And that’s precisely where the opportunity lies for a few savvy entrepreneurs.

Get a solution to the plastic waste problem.

While China may have the most prominent plastic product market globally, India is quickly catching up. The government is taking many measures to curb plastic waste, and understandably so.

What Other Avenues Exist?

While plastic recycling is one of the biggest industries within the waste management sector, there is much more to plastic than we think. For instance, investors can cater to end-user applications like:

1. Plastic packaging for consumer goods
2. Plastic bags for transporting goods
3. Take-away containers such as glass jars and take-home bottles such as milk and juice containers, etc. 
4. Packaging for pharmaceuticals and medical devices
5. Food trays and food containers
6. Plastic sheets for roofing materials, and
7. Others depending on the type of plastic being recycled and its usage i.e.

Vertical-Specific Insights

As mentioned above, a gamut of applications and industries can be associated with the plastic waste market. To give it a more concrete look, let’s profoundly explore them:

1. Plastic Waste Collection – As a part of urban waste management, companies involved in collecting and managing plastic waste stand to gain from an industry that aims to tackle the 300 million tonnes of plastic generated annually across the world.

2. Plastic Incineration – On average, 12% of plastic is incinerated. While this portion is not huge, the market for plastic incineration stands to gain from people’s increasing awareness on environmental issues.

3. Plastic Landfilling – On average, 18% of the plastic waste gets landfilled. The remaining collected portions are sent to recycling and/or composting facilities for use in petrochemicals or other products.

A lot of advancements have been made within the plastic waste industry over the last few decades. However, new technologies are still being developed, and new solutions for managing plastic waste are still being sought.

An Insight into the Market-Ready Technologies for Plastic Waste Management

1. Chemical Recycling

The technique involves the use of chemicals to facilitate the recycling of plastics. A number of chemicals are used to make the process of plastic recycling cost-effective and also environmentally friendly. As per Wood Mackenzie’s research, the rate for recycling PET (Polyethylene terephthalate) through chemical recycling will increase from 5% to 8% between 2021 and 2029. 

2. Pyrolysis

This technique involves breaking down plastic into fuels that can be used as energy sources. The process of separation is also done using the addition of heat. The pyrolysis market is estimated to be valued at $1.8 billion by 2027, which is almost double the market’s size today. 

Use Reports from EIRI to Navigate Through the Plastic Waste Market Opportunities

While most plastic waste management companies focus on the recycling aspect of plastic waste control, we think that for maximum returns, it is most important to also be aware of the end-user industries that are growing rapidly over the next few years. EIRI has already done all the extensive legwork for you to provide that sort of insight.

So, what are you waiting for?

Get the latest industry reports from EIRI and stay on top of the plastic waste market trends and advances in technology that are going to shape this dynamic industry even further.

The post An Analysis of the Plastic Waste Market appeared first on EIRI - eBooks and Project Reports.

The Global Wedding Venue/Marriage Hall Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026. if you wanted to start a marriage all, contact us for Detailed Project Report (DPR) on MARRIAGE PALACE (WEDDING VENUE)

Not to mention that the banquet halls, which are known for drawing or pooling the maximum revenue in this industry, are also being used for corporate and other family events/ceremonies. This customary use of halls is paving the way for investors and businesses to gain from the marriage hall market.

Not only this, but the wedding halls are also gradually gaining popularity as a business opportunity for those who would like to earn easy profits while owning/renting out their premises for public weddings.

And with COVID-19 restrictions being lifted, the marriage hall industry is gearing up to go places and is all set to be the next big thing! In fact, the entire $50 billion marriage sector in the country is back on track.

That said, let’s take a sneak peek at the marriage hall market and its potential. 

An Insight into the Market Drivers

A host of factors fuels the wedding hall market. Some of these include:

1. The elevated population levels in the South East Asian nations, including India, China, and Korea as the major contributors. More than 10 million weddings happen in India alone annually.
2. Increasing disposable incomes, especially considering that the average wedding cost ranges between 20 lakhs and 5 crores. That’s an enormous amount taking into account the average monthly salary of a person, which is INR 16,000 per month.
3. Increasing divorces, which are escalating marriage ratios as people often get married again.
4. The consumerist attitude among the young generation is also a deciding factor.
5. The rise of social media and its influence over the younger generations – especially in modern Asian countries.

The last point needs further elaboration since it paves the way for the discussion around the online dating market, which has the potential to reach a market value of $3.592 billion by 2025 at a CAGR of 8.26%. The dating industry directly contributes to the marriage market, which in return expands the need for banquet halls for marriages. 

Marring Hall Market – An Amalgamation of Several Industries

If you look at the wedding hall industry, it is guided linearly by the growth of the other adjoining industries more than any other sector.

By studying their growth, we can estimate how much the wedding hall industry will grow in the forthcoming period.

1. The bridal wear industry stood at $59.1 billion in 2020 and will reach $79.8 billion by 2027, with an annual estimated CAGR of 4.4% during the forecast period.
2. The wedding dress market will reach an estimated $4948 million by the year 2026 at a 6.3% CAGR from the 2020’s valuation of approximately $3421.8 million.
3. The wedding planning market is forecasted to maintain a steady 6% CAGR between 2021 and 2028.
4. The jewellery industry will soar through the ranks with a CAGR of 8.1% and worth $480.5 billion by 2025.
5. The food and hospitability industry are set to reach a market size of $479919 million by 2026 at a remarkable CAGR of 19.28%.
6. The catering industry is projected to maintain a CAGR of 4.45%, allowing it to grow to $104.92 billion by 2025.

The wedding hall market is also being regulated by other sectors like the wedding consultant industry. Even the sub-sectors like the Mehndi industry contribute significantly to the ascent of the wedding hall market. Indeed, one can derive a net estimation of the rise in wedding halls across the world as the other sectors grow.

The Opportunity to Invest in Marriage Hall Market

Due to the aforementioned sectors’ rapid expansion, marriage halls are slowly coming up even in rural parts of the world. An average investment of one crore can help create a 10,000 square feet hall, given the cost per square feet is 1000 INR. Naturally, numerous investors aim to bring up their marriage halls, given it is just a one-time investment reaping benefits for an extended period.

Conclusion

With the ever-expanding population, this is the right time to take a plunge in this business. But to get into the business, one must have the right data in place. Going with experts for acquiring data can channelize your investments in the right way. Establishing and flourishing in this industry requires an average estimate of every sector that deals with the marriage industry. Collect the right information, analyze the market in the right way and then create the business pool to expand it further in desired directions.

The post All You Need to Know About the Wedding Venue/Marriage Hall Market appeared first on EIRI - eBooks and Project Reports.

These products now account for a bulk of the total sale generated by land-based retailers and supermarkets, as they offer a wide range of options to suit the interests and budget of consumers. Thanks to eCommerce, the detergent soaps and powder industry have maintained its growth throughout the COVID-19 pandemic — a sign that reflects upon the sustained interest of the segment.

Market Size: $103.70 billion as of 2020

Projected market size: $207.56 billion by 2025

CAGR: 8.83% between 2020 and 2025

Click Here for Project Report on Soap Industries like Bar Soap, Herbal Soap, Bath Soap, Toilet Soap, Industrial Soap, Laundry Soap, Washing Soap, Liquid Soap, Fish Oil Soap, Metal Polish Soap, Nerol and allied Projects

Understanding the Market

There are two primary methods for marketing detergent soaps and powders. The first is via the direct sales channel, where manufacturers sell directly to consumers or through marketplace retailers, which act as shopkeepers for large-scale retailers. The second strategy is via wholesalers who act as middlemen between manufacturers and retailers. Wholesalers are more likely to purchase sufficiently large quantities of detergent soaps and powders from manufacturers, which provides them with competitive advantages over smaller companies.

As a matter of fact, the detergent soaps and powders industry can never run into a loss due to the following:

1. Implementation of standard GMP (Good Manufacturing Products) procedures has been made essential in hotels, restaurants, and healthcare sectors. These stringent healthcare measures have led to growing demands.
2. Industrialization of soap processing is another factor that has contributed to an increase in demand for raw materials and finished products in the market.

As such, the market for detergent soaps and powders is highly competitive now, with almost all leading brands competing on price, quality, service, variety, and distribution channels. These factors have been the reason for a clear delineation between market leaders and other players.

Not to mention that green strategy for the industry is also soared through the ranks since the advent of the COVID-19 pandemic. A study reports that more than 34.8% of the people are looking to make use of anti-bacterial soaps, and understandably. Along the same lines, a recent study by scholars at the National University of Singapore highlights how “biodegradable soap” seems to be the next best choice for many people.

Learning About the Market Forecast

Global market size:

• Market Size: $103.70 billion as of 2020
• Projected market size: $207.56 billion by 2025
• CAGR: 8.83% between 2020 and 2025

Indian Market Size:

• Market size: INR 42,827.4 crore as of 2019
• Projected future market size: INR 73,660.4 crore by 2027
• CAGR: 7.0% between 2020 to 2027

A multitude of ingredients are used in manufacturing soaps and detergent powders, and the industrial expansion of a few essential raw materials in this industry can itself create an impression of the future of the soaps and detergent industry.

1. Sodium benzoate: The sodium benzoate industry is estimated to grow almost up to $161.1 million by the year 2027. The CAGR is estimated to be 6.7%. Its simultaneous use in cosmetics and the soaps and detergent powder industry will drive its growth.

2. Cocamidopropyl betaine: The market expansion from $2043.19 million in 2019 to $2646.19 million in 2015 is expected at a CAGR of 4.39%. The wide market use of the betaine product in various fields will add to the upscaling of the production of the soaps & powder detergents.

3. Sodium LaurethSulfate: Due to its use in varying industries, the projected CAGR can reach 3.8%, with the industry touching an estimated value of $666.4 million by 2027. 

4. Methylisothiazolinone and methylchloroisothiazolinone

A targeted growth in the coming 5 to 7 years is estimated due to their extensive use in liquid cosmetics and personal care items. As such, the market forecast hints at a 5.15% to 6% CAGR growth in the forthcoming period.

5. pH adjusters

The global sale of pH adjusters is supposed to rise from $932.14 million (2017) to $1,531.16 million by 2025, at a CAGR of 5.87%. 

Reviewing the Overall Market

Considering the average growth of the chemicals used in soaps and detergent powders, a basic average estimate can be drawn towards understanding the industrial expansion of the soap and detergent sector. On average, the natural soap market will record an estimated growth of $383.4 million by 2025 at a CAGR of 8.1%.

Due to the increased preferential changes towards organic skincare products, this market will experience significant growth in the coming years, and that doesn’t come as a surprise considering the growing demand for products with natural ingredients. 

Wrapping Up

This industry can be termed as a relatively large market with multiple opportunities to explore, especially considering the future forecast for soaps and detergent powders. A few global factors such as stringent laws for food safety and hygienic standards, along with growing population and increased per capita income in developing nations, are expected to lead the demand of this industry. 

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