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Recycled Plastic and Plastic Waste to Oil Market Report, 2027

Global Recycled Plastic and Plastic Waste to Oil Market: Key Highlights

  • The global recycled plastic and plastic waste to oil market was valued at ~US$ 37 Mn in 2018, and it is anticipated to expand at a CAGR of ~10% during the forecast period.
  • Among the fuels, the diesel segment held a dominant share of the global recycled plastic and plastic waste to oil market in 2018, primarily due to the application of diesel in numerous industries such as manufacturing and automotive. Diesel offers high energy density that enables it to extract higher amount of energy than the same volume of gasoline. Also, diesel offers higher efficiency and cost effectiveness. These factors are anticipated to augment the growth of the global recycled plastic and plastic waste to oil market during the forecast period.
  • Among the plastic types, the LDPE segment held a major share of the global recycled plastic and plastic waste to oil market in 2018, as LDPE exhibits the same physical properties as those of petroleum products such as petrol and diesel.
  • The recycled plastic and plastic waste to oil market in Asia Pacific is likely to expand at a substantial pace during the forecast period, due to strict regulations pertaining to the handling and disposal of plastic waste in the region.

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Key Drivers of Global Recycled Plastic and Plastic Waste to Oil Market

  • Rising investments in the manufacturing sector are significantly increasing the demand for plastic for use in packaging across the globe. The constant demand for plastic has caused plastic waste to accumulate in landfills. This has raised issues related to environment protection. In order to overcome these issues, several efforts have been made by researchers to develop innovative processes, such as pyrolysis, which can reduce the accumulation of plastic waste by converting single-use plastic waste into value-added products. This, in turn, would reduce the adverse impacts of climate change. As per the U.S. Department of Energy, pyrolysis technology can reduce greenhouse gas emissions by up to 14%, and up to 96% in case of traditional energy, as compared to ultra-low sulfur diesel (ULSD) obtained from conventional crude oil.
  • Thus, rise in the demand to minimize the accumulation of plastic waste in landfills and carbon emissions associated with it, by converting it into value-added products, is expected to propel the global recycled plastic and plastic waste to oil market during the forecast period.
  • Increase in the demand for fossil fuel imports to fulfill the demand for crude oil across the globe, especially in developing countries, is expected to drive the global recycled plastic and plastic waste to oil market during the forecast period. Increasing crude oil consumption can be attributed to the surge in investments in the infrastructure sector, increase in disposable income, and rise in the standards of living.

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Asia Pacific to Lead Global Recycled Plastic and Plastic Waste to Oil Market

  • Asia Pacific accounted for ~45% share of the global recycled plastic and plastic waste to oil market, in terms of revenue, in 2018, due to the presence of a wide manufacturing base across the region. Some of the major players actively operating in the market in the region are Agile Process Chemical, Pyrocrat Systems LLP, Anhui Oursun Resource Technology Co., Ltd, and Klean Industries Inc.
  • China dominated the recycled plastic and plastic waste to oil market in Asia Pacific in 2018, and the market in the country is anticipated to witness significant growth during the forecast period, due to rise in the focus on reduction of GHG emissions associated with the accumulation of plastic waste at landfill sites.

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Major Developments in Recycled Plastic and Plastic Waste to Oil Market

  • In October 2018, PLASTIC ENERGY announced its plans to open its headquarters in the U.K. The move is aimed to enable the company to expand its presence across the world.
  • In 2018, PLASTIC ENERGY announced its plans to establish manufacturing facilities in Europe and Asia. This would help the company expand its business across the world.
  • In January 2017, Agilyx Inc. announced its plans to construct a production facility near Portland, Oregon. The facility would be using the company’s proprietary commercial pyrolysis system to convert polystyrene scrap (including foam cups, packaging materials, and Styrofoam) into styrene monomers. This new facility would enable Agilyx Inc. to expand its presence, worldwide.
  • In 2017, Northwood Exploration Israel Limited announced its plans to build a new plant in Southern Israel for the production of oil and electricity from oil shale. The plant would be producing 800,000–900,000 barrels of oil every year, and generating 15 megawatts of electricity for usage by the company as well as sale to customers. The new plant would enable the company expand its business across the Middle East.

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Global Recycled Plastic and Plastic Waste to Oil Market: Competition Landscape

  • The global recycled plastic and plastic waste to oil market is led by multinational players operating across the globe.
  • Prominent players operating in the global recycled plastic and plastic waste to oil market are Vadaxx Energy, Nexus Fuels, Plastic2Oil, Agilyx, MK Aromatics Limited, Northwood Exploration Israel Limited, RES POLYFLOW, Plastic Advanced Recycling Corporation, OMV Aktiengesellschaft, Niutech, Agile Process Chemicals LLP, and PLASTIC ENERGY.
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Energy News

COVID-19 Impact Bunker Fuel Market to hit US$ 177.8 Bn by 2027

Bunker Fuel Market: Introduction

The global bunker fuel market was valued at US$ 143.97 Bn in 2018 and is anticipated to expand at a CAGR of 2.5% during the forecast period. Based on fuel, the High Sulfur Fuel Oil (HSFO) segment held a dominant share of the global bunker fuel market in 2018, as HSFO is a widely used bunker fuel by fleet owners due to its lower price than other types of fuels. However, implementation of the IMO 2020 regulation is expected to restrict the use of HSFO owing to the high sulfur content. The new global limits on sulfur content for marine fuels are estimated to significantly impact bunker fuel market.

In terms of seller, the leading independent sellers segment accounted for a dominant share of the global bunker fuel market in 2018. Leading independent distributors have well-established setup that includes blending facility, storage terminals, and own physical assets. Based on application, the tanker fleet segment constituted prominent share of the global bunker fuel market in 2018, due to the rise in demand for crude oil, petroleum products, chemicals, and liquid raw material in various regions. The tanker fleet segment comprises specialized purpose-built vessels designed to carry liquefied petroleum gas (LPG) or liquefied natural gas (LNG) under pressure. The bunker fuel market in Asia Pacific is likely to expand at a substantial pace during the forecast period, owing to rapid urbanization and industrialization in the region.

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Key Drivers of Bunker Fuel Market

Rise in international seaborne trade is boosting the global bunker fuel market. The global seaborne trade is performing well, supported by the upswing in the world economy. Seaborne trade leads to shipping, intercontinental trade, bulk transport of raw materials, and import/export of affordable food and manufactured goods. Increase in offshore exploration and production, due to the rise in demand for resources such as crude oil, coal, steel, and iron, is estimated to propel the demand for bunker fuel in the near future. Rapid technological development has boosted oil & gas exploration activities at deep offshore locations and other marginal oil & gas fields.

Companies supplying bunker fuel have strategically opened bunkering divisions in ports that are close to major offshore hydrocarbon basins, as bunkering requirements are significantly high for some offshore support vessels. Thus, growth in offshore exploration and production activities is projected to drive the global bunker fuel market in the near future.

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Asia Pacific Offers Lucrative Opportunities in Bunker Fuel Market

Asia Pacific is anticipated to be a highly attractive region of the global bunker fuel market during the forecast period, due to rapid industrialization and urbanization in the region, especially in countries such as China, India, and Japan. Furthermore, ports in China account for nearly a third of global container traffic. The country has the largest merchant fleet in the world in terms of number of ships. However, Singapore dominates the bunker fuel market in Asia. Around 48 million metric tons to 50 million metric tons of bunker fuel were sold in Singapore in 2018, making it the world’s largest bunkering hub. The country dominates the market due to its vast commercial storage capacity and fuel blending capabilities.

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Major Developments in Bunker Fuel Market  

In March 2019, BP Marine announced that it would begin to retail low sulfur bunker fuel that meets new MARPOL regulations that limit the sulfur content of marine fuels. The company is introducing a new very low sulfur fuel oil (VLSFO), with maximum 0.5% sulfur content, following successful sea trials with fuel manufactured and supplied in the Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs.

In October 2019, Total launched its first large liquefied natural gas (LNG) bunker vessel. The bunker vessel is expected to operate in Northern Europe and supply LNG to commercial vessels. The use of LNG sharply reduces emissions from ships, resulting in significant improvement in air quality, particularly for communities in coastal areas and port cities.

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Competition Landscape

The global bunker fuel market is dominated by multinational as well as small players operating across the globe. Prominent players operating in the global bunker fuel market include Total, Neste, Marathon Petroleum Corporation, Brightoil Petroleum (Holdings) Limited, BP., Saudi Arabian Oil Co., Gazprom, LUKOIL, BP Sinopec Marine Fuels, Chevron U.S.A. Inc., Exxon Mobil Corporation, Royal Dutch Shell plc, World Fuel Services Corporation., GAC, and BUNKER HOLDING.

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News

Impact of COVID-19 Outbreak on Battery Recycling Market to reach US$ 8 Bn by 2027

Battery Recycling Market: Introduction

  • The global battery recycling market was valued at US$ 3.45 Bn in 2018 and is anticipated to expand at a CAGR of ~10% during the forecast period
  • Based on battery chemistry, the lead-acid segment held a dominant share of the global battery recycling market in 2018. Secondary lead obtained from recycling is of high quality and low cost.
  • In terms of spent battery source, the automotive segment accounted for major share of the global battery recycling market in 2018. Increase in demand for automobiles, especially electric vehicles, across the globe is anticipated to boost the automotive segment during the forecast period.
  • Based on end use, the extraction of materials segment constituted a significant share of the global battery recycling market in 2018. This can be ascribed to benefits of extraction of materials from used batteries, as the extracted material can once again be used as a raw material for various products (including batteries).
  • The battery recycling market in Asia Pacific is likely to expand at a rapid pace during the forecast period, owing to high investments in the automobile sector from countries in the region such as China and India

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Key Drivers of Battery Recycling Market

  • Raw materials used in the manufacturing of batteries such as lead, mercury, and cadmium pose a high threat to the environment and human health. Improper disposal of these materials in landfills increases the chances of these hazardous heavy metals finding their way and contaminating groundwater and surface water sources.
  • The battery manufacturing industry has identified environmental hazards caused by improper disposal of these materials. It has taken initiatives to recycle batteries.
  • The commercial value of raw materials used in the manufacture of batteries is high. These raw materials are also non-renewable. However, raw materials can be recycled indefinite number of times. This helps maintain a supply of these raw materials from used batteries.
  • Several non-profit organizations have also taken initiatives to increase awareness about battery recycling. This has boosted the flow of lead-acid battery scrap for recycling purposes. These non-profit organizations have collaborated with various automotive companies, battery manufacturers, and service providers for the same.
  • Thus, rise in awareness about environmental and health hazards is expected to drive the global battery recycling market during the forecast period

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Asia Pacific Leads Battery Recycling Market

  • Asia Pacific dominated the global battery recycling market in 2018. Dominance of Asia Pacific can be ascribed to the increase in demand for motor vehicles in the region, owing to rise in the per capita income. Approximately 10.65 million passenger light commercial vehicles were sold in Asia Pacific in 2018.
  • China accounted for leading share of the battery recycling market in Asia Pacific in 2018. This was primarily ascribed to introduction of stringent regulations for setting up recycling facilities for batteries of electric cars. In 2018, the Chinese Ministry issued provisional regulations mandating manufacturers of electric vehicles to set up a network for the collection and recycling of used batteries.
  • In terms of market share, Europe follows Asia Pacific in the global battery recycling market. Enactment of stringent government regulations to minimize environmental impact is a key factor boosting the battery recycling market in the region. Furthermore, rise in awareness about the benefits associated with battery recycling is expected to propel the battery recycling market in Europe.

Major Developments in Battery Recycling Market

  • On May 22, 2018, Gravita India Ltd. signed an agreement with Amara Raja Batteries Limited for collection and recycling of lead-acid battery scrap. As per this contract, the former would be collecting/purchasing lead-acid battery scrap from designated locations of the latter. It is a joint initiative toward achieving environment protection and sustainability, wherein used batteries would be recycled and pure lead/lead alloys would be supplied back to Amara Raja Batteries.

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Competition Landscape of Battery Recycling Market

  • The global battery recycling market is dominated by several mid & large size players operating across the globe
  • Prominent players functioning in the global battery recycling are Johnson Controls International PLC, Battery Solutions LLC, East Penn Manufacturing Company, G&P Batteries, Retriev Technologies Inc., EnerSys, Umicore N.V., Exide Technologies, LI-CYCLE CORP., American Manganese Inc., Kinsbursky Bros. Supply, Inc., Call2Recycle, Inc., Gravita India Ltd., and uRecycle

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News

COVID-19 Impact on CHP (Combined heat and power) Installation Market Report, 2027

Key Highlights

Combined heat and power (CHP) installation capacities have increased on the back of the growing inclination of governments in numerous countries to increase the share of CHP in modern energy generation. The drive for CHP, also called cogeneration, installation stems from the urge to meet the burgeoning needs of electricity.

Advances in CHP configurations have reduced the cost and complexity of their deployment in manufacturing facilities, especially in developed nations, thereby underpinning evolution of the CHP market. The governments of these countries in collaboration with energy companies are making concerted efforts to adopt cutting-edge turbines and reciprocating engines. The growing role of CHP installations in reducing carbon emissions is paving way to new revenue streams for stakeholders in the CHP installation market.

Over the past few years, business propositions of CHP installation have risen on the back of the increasing trend of using decentralized form of energy supply. The role of CHP thus gain significance for power small commercial and educational establishments. This is a key trend reinforcing the prospects of the CHP installation market. Advent of new turbine technologies has raised the hopes of stakeholders in the market.

As per a Transparency Market Research study, the global CHP installation market will grow at a steady 4.05% CAGR (Compound Annual Growth Rate) from 2019-2027. In 2018, the CHP installation market was valued at US$836.6 bn and is expected to reach US$1,198.8 bn by 2027.

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North America to Lead the Global CHP (Combined heat and power) Installation Market over the Forecast Period

The demand for CHP installation market is estimated to increase at a fast pace in North America during the forecast period. Demand for CHP installation market in the U.S. is rising at a significant pace due to the year-on-year growth in mineral exploration activities and infrastructure development activities in the country.

In order to acquire higher market share, companies operating in North America and Asia Pacific are rapidly expanding their production facilities of CHP installation market in these regions. According to the U.S. Government, the industrial sector is set to become one of the driving forces of the development of infrastructure. The industrial sector in the country is anticipated to continue to expand owing to the increase in demand for real estate and infrastructure projects.

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Leading & Renowned Companies Dominate the Global CHP (Combined heat and power) Installation Market

Leading players dominate the market. Key players operating in the CHP installation market include Siemens AG, General Electric Company, Cummins Inc., Generac Holdings, and Capstone Turbine Corporation, 2G Energy Services, and Wärtsilä Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

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Global CHP (Combined heat and power) Installation Market – Key Developments

  • In 2017, Cummins sales of the products which includes CHP in power systems segment increased 15% due to higher demand for all product lines from industrial end-users in the global mining and the oil & gas industries in North America
  • In November 2017, Capstone Turbine Corporation received an order for two C200 micro turbines to provide combined heat and power (CHP) to a hotel in Jamaica. The company aims to provide clean energy in South and Central America.
  • In October 2017, Capstone Turbine Corporation won a contract from the Government of Taiwan to provide micro turbines. Micro turbines are expected to be utilized to generate biogas fuel. It is anticipated to help Taiwan achieve low emissions in order to curb environmental pollution
  • In August 2016, Aegis Energy Services announced a strategic alliance with Japanese company Yanmar for expanding its domestic availability of combined heat and power systems

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News

Fortified Rice Market is estimated to exceed US$ 25,000 Mn in by 2026

As per analysis by Transparency Market Research (TMR) the global fortified rice market has an intense competitive vendor landscape. Key players such as Cargill Incorporated, Bunge Limited, Bühler AG, General Mills, Inc., BASF SE, and Wilmar International Ltd are operating in the global fortified rice market. In order to survive in the competition, the players are entering in to mergers and acquisitions for widening their product portfolio. Thanks to these strategies, the market is witnessing increased level of competition in the fortified rice market.

According to the report by Transparency Market Research, the fortified rice market is projected to reach a value of US$25,000 mn by 2026-end.

Based on the technology, the coating & encapsulation segment dominated the global fortified rice market and is expected to remain dominant over the forecast period. Based on the region, the Asia Pacific dominated the global fortified rice market and is expected to remain dominant over the forecast period. This growth is attributable to the presence of the agriculture-based countries such as India and China, which is leading to boost the fortified rice production.

 

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Rising Demand for Nutrient Rich Food to Propel Market Growth

Outstanding advancement happening in sustenance innovations, particularly as far as advancement of fortified rice benefits, is in charge of driving the global fortified rice market. In addition, a rising interest for fortified rice as a key wellspring of vitality and supplements also has made the market increase quick-paced development. Formulas that make utilization of fortified rice are generally being seen everywhere throughout the world.

Additionally, significance connected to utilization of fortified rice-rich nourishments likewise has ended up being useful to the global fortified rice market. Besides, a rising tendency of purchasers for fortified rice is relied upon to make the market observer taking off development sooner rather than later. In conclusion, new creation strategies and trial preliminaries are being directed to upgrade the generation of fortified rice for vast scale generation, subsequently extending the global fortified rice market.

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Low Availability of the Fortified Rice to Restrain Market Growth

However, preparing fortified rice items isn’t yet accessible on an extensive scale premise in many immature and rising economies. This factor is incredibly ruining the fortified rice market, particularly from a provincial point of view. Additionally, staggering expenses required to set up plants that oversee everything extending from isolating crude rice material to thinking of the last item considered safe for selling, could end up being costly for the end clients. This is outstandingly preventing the worldwide fortified rice market as well. By the by, numerous organizations are relied upon to present savvy arrangements in future, which could lessen impacts of the limitations following up on this market.

This information is encompassed in the report by TMR, titled, “Fortified Rice Market (Micronutrients – Vitamins, Minerals, and Other Fortifying Nutrients; Technology – Drying, Extrusion, Coating & Encapsulation, and Others; End-Users – Commercial, and Residential; Sales Channel – Modern Trade, Convenience Stores, Departmental Stores, Drug Stores, Online Stores, and Other Sales Channel) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026.”

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Coronavirus Market Reports

Packaging Equipment Market Huge Growth Opportunity by 2026

Global Packaging Equipment Market: Overview

Growing demand for the advance packaging food and beverages due to growing urbanization and middle class population base is boosting growth of the global packaging equipment market. Additionally, rising awareness about maintaining product quality by improving its packaging is encouraging adoption of the packaging equipment and is likely to propel growth of the global packaging equipment market.

The trends, macroeconomic aspects, and challenges are discussed and explained in the research study based on the packaging equipment market. The market dynamics of the packaging equipment market show the current market growth scenario coupled with opportunities for future growth in the global packaging equipment market. It offers in-depth competitive analysis of the market by including various market segments across the major geographies.

Global Packaging Equipment Market: Drivers and Restraints

Growing demand for the novel packaging solutions from the food and beverages industry has encouraged numerous companies to adopt the advanced packaging solutions. The beverage industry has increased rigid packaging solutions such as filling and palletizing machines. Growing adoption of this equipment is aiding growth of the global packaging equipment market.

Growing disposable income and improving standard of living is augmenting growth of the packaging food, which in turn is propelling growth of the packaging equipment market. Additionally, growing demand for the advanced packaging during transfer of goods from one place to another is propelling growth of the global packaging equipment market.

Additionally, growing automation of packaging systems is leading propel growth of packaging equipment market. However, lack of budgets to adopt the advanced technique in the numerous small-scale industries mainly in the emerging economies is fuelling growth of the global packaging equipment market.

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Global Packaging Equipment Market: Geographical Analysis

On the basis of region, the packaging equipment market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, North America is expected to dominate the global market for packaging equipment owing to growing uptake of smart packaging equipment for packaging purposes in number of end use industries. However, the market in Asia Pacific is expected to expand with the impressive CAGR over the forecast period. The growth in the Asia Pacific region is attributable to the increasing investments in numerous end use industries and growing automation in the end use industries.

Global Packaging Equipment Market: Companies Mentioned

Some of the key players operating in the packaging equipment market are Bosch Packaging Machinery, CKD Group, Fuji Machinery Company, Barry-Wehmiller Companies, Inc., and Bradman Lake Group. These companies are focusing on product improvement, strengthening the sales through improving distribution channels in order to improve their geographical and customer reach.

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.

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Coronavirus Market Reports

Dosing Caps Market Industry Analysis, Top Players, Revenue and Market Share Report

Global Packaging industry continues to grow at an impressive rate. As a result, caps & closure market is undergoing huge change with specialized focus on offering innovative capping tools/products to various industries. Caps & closures are primarily made to provide product safety, maintain product quality, extend product storage and for several other aspects. One of the most promising innovation that caps & closure market has witnessed in recent time is the introduction of dosing caps.

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Dosing Caps are generally used to store dry or liquid supplements separately from water. The main objective associated with dosing caps is to store the supplements separately from the water, as it forms a vitamin or energy drink and sometimes even a medicinal drink, when the supplement is released from the bottle.

Dosing Caps Market – Market Dynamics:

One of the significant factors contributing towards the growth of the dosing caps market is the rampant growth in beverage industry. Moreover, growing preference for liquid nutrient in medicine sector, as it is generally claimed that pills & capsule release only 10-15% of the nutrient value while travelling through the body, whereas liquid nutrient can release up to 80-90% of the nutrient value, fuels the growth in the liquid nutrient market.

Furthermore, consumer generally prefer drinking their supplements than taking pills or capsule, which is expected to drive the market for liquid nutrient which in turn boosts the demand for dosing caps market. Increasing demand for ready to drink nutritional product such as energy and protein drink across the globe is further expected to drive the market for dosing caps over the forecast period.

Low barriers to entry has resulted in increasing competition in the global caps & closure market. This has encouraged the manufacturers to introduce new and advance form of caps & closure. As a result most of the dosing caps companies are providing customization and innovation in their current product portfolio as per the changing needs of the customers.

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Dosing Caps Market- Market Segmentation:

Global dosing caps market is segmented on the basis of material, product type and end use. On the basis of material, dosing caps market can be segmented into Plastic, Metal and others. Adding to this metal is further segmented into aluminum & steel. On basis of product type dosing caps market can be segmented into flip top, push down, push pull and dispensing cap. On the basis of end use, dosing caps market is segmented into Beverages industry, Food industry, Healthcare industry, Cosmetics & toiletries and others.

Dosing Caps Market – Regional Outlook:

Geographically, the global Dosing Caps market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global Dosing Caps market is expected to witness a significant CAGR over the forecast period of 2016-2024.

Moreover, APAC dominates the global dosing caps market and the trend is expected follow the same over the forecast period due to growing food & beverages market in this region. Additionally, the evolution of the retail sector in the growing economies such as India & China is further expected to boost the sales of dosing caps market in Asia Pacific by the end of the forecast period of 2016-2024. Europe is expected to follow APAC in dosing caps market over the forecast period, while rest of the world is expected to witness a steady growth during the forecast period.

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News

Rice Flour Market will reach US$ 1,003.1 Million at 4.4% CAGR by 2025

The global rice flour market is expected to experience steady growth in coming years, according to a Transparency Market Research (TMR) report. Given the low entrance obstacles due to less early investment, several businesses operate on the rice flour market.

Vendors in the global rice flour market are benefitted from the emergence and increasing awareness of gluten-free food products. Due to the extensive use of traditional rice flour in bakery and processed food items, the standard segment will dominate the market. Due to increased consumer preference and increased consumer inclination towards organic products, organic segments will, however, develop at a greater CAGR during the forecast period. Consumers are increasingly aware of the advantages of organic products, which are supposed to lead to the development of the organic sector in the marketplace.

A study by Transparency Market Research world-wide on the rice flour market finds that the forecast period from 2017 to 2025 is steadily rising to 4.4 percent CAGR. The market value is anticipated to rise in this speed, from USD 712,9 million in 2017 to $1003.1 million by 2025-end.

The dominance of both value and quantity is expected to be in ASia Pacific. By the end of 2025, rice flour is anticipated to increase as staple food on the market in the region as well. In addition, New Zealand and Australia are also anticipated to see remarkable development on their markets, aside from the Oriental countries in the Asia Pacific, known to eat rice.

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Popularity of Gluten-Free Food to Bolster Rice Flour Market

In 2016, hospitalizations for coeliac illness rose more than 600 percent from 1998 to 2013, according to DDW (Digestive Disease Week). The increased preference of rice flour over wheat flour is increased globally. Wheat and gluten sensitivity instances The growers are also accelerating the demand for rice flour as well as other gluten-free flours by applying white rice flour to a broad spectrum of flour based products as a gluten-free ingredient. With an increasing consumer base, baked and snack foods have become more tractable since the latest past, with enhanced, healthier, easier to cook and ready-to-eat choices for food to fit their busier lifestyle. This is expected to create immense demand in the global rice flour market in the coming years.

The volatility of grains prices due to climate change is one of the main problems for the development of the worldwide rice flour industry. Climate irregularity and seasonal changes have an important effect on plants, which influence crop yields in many areas adversely, ultimately leading to input and price differences in production. Furthermore the volatility in crop prices is also due to fluctuating energy, chemicals and fertilizer expenses.

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Organic Rice Floor to Emerge as Key Market Trend

Organic rice flour obtained from organic rice cultivated in accordance with organic farming laws and instructions and cultivated without any pesticides, synthetic fertilizers, chemicals or other noxious substances. In recent years there has been considerable worldwide growth in demand for organic flours such as organic wheat flour, organic rice flour and organic maize flour.  Increased consumer awareness of organic products and powerful public support for developing natural and nutritionally rich products are main factors driving demand for organic products on the world market. The demand for organic rice flour for bread, cookies, processed food, sweets, meats and sauces and other organic products is high.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Rice Flour Market (Source – White Rice, Brown Rice; Type – Long Grain, Medium and Short Grain, Pre-gelatinized; Origin – Organic, Conventional; Application – Bakery and Confectionary, Breakfast Solutions, and Baby Food; Sales Channel – Direct Sales and Indirect Sales) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”

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Potential Impact of COVID-19 on Commercial Flour Market projected to reach US$ 52,518.6 Mn by 2025

The global commercial flour market depicts a highly fragmented and competitive vendor scenario, notes Transparency Market Research (TMR). This competitiveness can be attributed to the emergence of a large number of small- and large-scale vendors in the commercial flour market. Bay State Milling Company, Red Mill Natural Foods, Hodgson Mill, and ConAgra Foods are leading players operating in the global commercial flour market.

Many large-scale companies in the market are adopting various strategic alliances for strengthening their foothold in the global commercial flour market. These players are also working on enhancing their product quality in order to outshine their rivals between each other. A few effective strategies adopted by medium sized vendors in the global commercial flour market include constant product improvement and expanding their geographical boundaries. Such strategies help the market players to gain lucrative opportunities in the future in terms of revenue generation. The competition among players is getting intensified due to the entry of several local players who are concentrating on manufacturing state-of-the-art flour products.

According to experts from TMR, the global commercial flour market is expected to gain revenue worth US$8.93b52, 518.6 mn by the end of 2025. The market was valued US$44,008.3mn in 2017. Experts project this growth to occur at a promising CAGR of 2.2% during the forecast period from 2017 to 2025.

Among various types of products in the market, the wheat flour segment is expected to boost the global commercial flour market during the forecast period. This is because of the increasing buyer’s demand for wheat flour related food. With respect to geography, Asia Pacific and Europe are expected to account for a leading share in the global commercial flour market in the coming years. This is attributed to the rising per capita consumption of commercial flour in these regions.

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Soaring Demand for Food Products Made of Quality Flour to Boost Market

Wheat is the most common and widely produced cereal in the globe. Wheat flours are extensively used as a crucial ingredient in the making of bakery items, bread, and crispy coating of fast food and fried food. Wheat flour is also widely used in making several mouthwatering food items include burgers, donuts, fried meat, and cakes. Growing demand for quality flour among consumers and rapidly changing lifestyles of consumers from traditional to modern are the factors majorly driving the global commercial flour market. Along with this, rising health concerns for consuming high-protein flour and growing consumers’ inclination towards gluten-free flour alternatives are also provide an impetus to the growth of the global commercial flour market.

Furthermore, rapidly changing consumers’ preference towards tasty foods and rising sales of confectionary and bakery products are also boosting the global commercial flour market. Apart from this, increasing demand for convenience food products and growing advanced retail platforms such as food shopping centers and supermarkets for selling various food items are also propelling expansion in the global commercial flour market.

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Versatility in Products’ Costs May Hinder Market’s Growth

Rapid emergence of instant food products has reduced the utilization of natural flour. Along with this, variance in costs and low accessibility of crude materials are another factors hindering the growth of the global commercial flour market. Nonetheless, persistent demand for tasty and crispy food and mushrooming food industry worldwide is believed to help overcome such challenges in the near future.

The review is based on a market research report by TMR, titled, “Commercial Flour Market (Type – Wheat Flour, Corn Flour, Rye Flour, Rice Flour, and Others; Nature – Organic, Conventional; End-use – HoReCa, Food Industry) – Global Industry Analysis and Opportunity Assessment, 2017-2025”.

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Amino Acid Based Formula Market to reach US$ 1,900 Million by 2026

Growing availability of amino acid-based formula in pouches, in tandem with smaller conventional containers such as tubs, their sales have witnessed a remarkable rise. Manufacturers are focusing on employing innovative packaging solutions for infant formulas, such as ready-to-use plastic bottles that facilitate firm grip. This further appeals to convenience of busy parents, who find it hard to prepare multiple bottles while tagging along time-constraints.

A recently published analytical report of Transparency Market Research (TMR) elucidates key companies underpinning growth of the global amino acid based formula market, which include Nestlé S.A., Mead Johnson Nutrition Company, Danone, Abbott Laboratories, and Ausnutria Dairy Corporation Ltd. A key trend gaining momentum is development of organic infant formulas based on amino acid, such as Earth’s BEST Organic Infant Formula and Baby’s Only Organic Dairy Formula, which meet FDA regulations for infant nutrition.

According to the report, the global amino acid based formula market will register a splendid volume CAGR of 8.5% between the period 2017 and 2026. Revenues from worldwide sales of amino acid based formula market are envisaged to close in on nearly US$ 1,900 Mn by 2026-end.

 

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Proliferation of Premium Products to Influence Demand

With the rise in GHDI of consumers in developing countries such as China, India, and Singapore, discretionary spending of households has gained an uptick. This has significantly reflected on demand for premium products among consumes. Parent want to offer their children with the best provision available in the market, and premium infant formulas are no exception.

Several premium amino acid based infant formula have been introduced in the market, such as PurAmino, and The Honest Company Organic Premium Infant Formula. Penetration of premium amino acid based infant formula is further expected to gain momentum, with growing cases of hypoallergenic diseases, malabsorption, and malmetabolism among young infants worldwide.

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Increasing Women Workforce to Create Demand for amino acid based formula market?

Steady narrowing of gender gap in employment statistics and the labor market has been recorded since the recent past. According to the International Labor Organization (ILO), participation of women in jobs reached nearly 50% in 2015, and the number is likely to exhibit steady surge in the upcoming years. With the lifestyle of these women becoming busier, its influence on birth rate as well as breastfeeding has been remarkable. This is significantly rubbing off on demand for infant formulas, such as amino acid-based infant formula.

With rapid growth in health and wellness industry worldwide, probiotics have gained a paramount importance in food products, and in infant formulas as well. As probiotics enrich beneficial microbes in human stomach for proper gut functioning, they are being considered as vital ingredients in infant formulas. Recent studies have showcased effective management of hypoallergenic diseases and modification of gut microbiota in children when fed with amino acid based infant formula containing probiotics. Preference for such infant formulas have therefore increased among parents worldwide, which in turn is paving lucrative avenues for infant formula manufacturers.

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Key Research Findings from TMR’s report on Amino Acid Based Formula Market

  • North America will continue to spearhead the global amino acid based formula market, in terms of value as well as volume. Asia-Pacific excluding Japan (APEJ) will record the fastest expansion in the market through 2026.
  • On the basis of product type, revenues from sales of amino acid based formula market with lactose content will remain significantly larger than those from its lactose-free counterpart. However, mounting incidences of lactose-intolerance among neonates have meant that, sales of lactose-free amino acid-based formula will register a relatively faster sales expansion through 2026, in terms of both value and volume.
  • Based on application, amino acid based formula market will continue to seek the highest sales in new born segment. Infants will also prevail as a major application area of amino acid based formula.

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