Ginseng Market to Discern Magnified Growth of 4.8% CAGR During 2018-2027

Future Market Insights (FMI) delivers key insights on the global ginseng market in its upcoming outlook titled, ‘Ginseng Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027‘. In terms of value, the global ginseng market is projected to experience a healthy CAGR of 4.8% during the period of forecast, due to various factors such as globalization and increase in consumer acceptance for oriental and Asian flavors and demand for Chinese herbal medicine.

Ginseng is a very popular herbal medicine, and has been used for more than 4,500 years. Many research studies provide support for the use of ginseng in the management of heart problems, diabetes, hypertension, hyperlipidemia, and various other health issues. It has been used as a herbal medicine in China for a very long time. On the basis of source, the ginseng market can be segmented into wild and cultivated ginseng.

The availability of wild ginseng has declined in various regions around the world, including China, South Korea, etc., due to less seed germination, slow maturation, and overexploitation, and therefore, there has been a meteoric rise in the price of wild ginseng. As there has been a limitation in the availability of wild ginseng, the cultivation of ginseng has increased to fulfill the needs of consumers. The prices of cultivated ginseng are less as compared to wild ginseng, and depend on the age of the ginseng root. The demand for cultivated American ginseng is increasing across the world, with China as one of the leading consumers.

Organic Ginseng Entices Health-Conscious Consumers

The excessive use of chemicals during crop cultivation causes degradation of the soil, and therefore, has an adverse effect on crop productivity. These chemicals further enter the food chain and can cause side-effects in humans and other living organisms. The awareness among consumers about the health hazards due to these chemicals has increased, and therefore, they prefer the use of organic products. Due to this trend, manufacturers have started producing organic ginseng products to satisfy the requirements of consumers.

The Emergence of Ginseng in the Personal Care Industry

Ginseng has applications in food, beverage, nutraceutical, and pharmaceutical industries. Recently, it has been used in personal care products such as moisturizers, cleansers, softeners, exfoliators, serums, essences, etc. It has an antioxidant property that can help cure dry and damaged skin. Ginseng also provides anti-aging benefits and improves the blood flow, which enhances the natural glow of the skin. In recent years, the use of beauty and personal care products has increased amongst various age groups, which is likely to have a favourable impact on the demand for ginseng. Due to changing lifestyles and the influence of Western culture, the demand for personal care products is anticipated to increase in the Asia Pacific region. The use of ginseng in a variety of beauty products is likely to increase during the forecast period. Europe and North America are also expected to provide profitable growth opportunities for the ginseng market. The utilization of ginseng in the personal care industry is expected to grow at a CAGR of 4.7% in revenue terms during the forecast period.

This report covers the trends that are driving each segment, and provides analysis and insights of the potential of the ginseng market in particular regions. Asia Pacific is expected to register a high growth rate between 2018 and 2027, and China, which is one of the largest importers of ginseng, is expected to set the pace for ginseng demand over the forecast period. According to market attractiveness, China and South Korea are relatively more attractive regions in the ginseng market.

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Detailed profiles of the players have also provided in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the ginseng space. Key ginseng players include Korean Ginseng Export Corporation, Organika Health Products Inc, Daedong Korea Ginseng Co., Ltd., Ilhwa Co. Ltd., Korea Ginseng Corp., Ningbo Gianon Biotech Co., Ltd., RFI Ingredients, Inc., Koshiro Co Ltd., Sino-Nature International Co., Ltd., and Shanghai FanPharma Co., Ltd., amongst others.

Neurosurgery Surgical Power Tools Market Projected to Gain Significant Value of US$ 123.2 Mn by 2028

Technological advancements in electrical neurosurgical drills power tools over the years have resulted in reduced post-operative pain and discomforts, which is expected to contribute to the growth of the global Neurosurgery Surgical Power Tools. Technological advancements, coupled with increasing number of skull-based surgeries and craniotomy procedures are projected to increase the adoption of Neurosurgery Surgical Power Tools globally.

According to the latest research by the company, the global Neurosurgery Surgical Power Tools market is expected to account for over US$ 123.2 Mn, in terms of value, by 2028 end. The report further projects a steady growth rate for the neurosurgery surgical power tools market through 2028. The neurosurgery surgical power tools efficiently reduce the number of activities during a surgery due to their light weight and adjustable speed. They reach the smallest regions of the brain and skull.

Increasing prevalence of neurological disorders—brain injuries and cerebral disorders—presence of large patient pool, and advent of new neurosurgery surgical power tools are factors expected to drive the growth of the neurosurgery surgical power tools market during the forecast period.

The companies operating in the market are adopting strategic approaches in order to increase their product reach in the global neurosurgery surgical power tools market. The need to make improvements in the surgeries to avoid mishaps, reduce post-operative pain and trauma is the prime factor expected to increase the adoption of neurosurgery surgical power tools.

Increasing product approvals of neurosurgery surgical power tools and number of neurosurgeons opting for modern devices are also expected to boost the growth of the neurosurgery surgical power tools market. Neurosurgery surgical power tools are available with attachments that help in deciding the least damaging routes. The new neurosurgery surgical power tools have replaced the older versions with reduced thermal warming and integrated motors, which are much more reliable. 

Neurosurgery surgical power tools market is consolidated in nature with three players accounting for majority of the global revenues.  The companies operating in the market are focusing on launching new electric Electrical Neurosurgical Drills to further increase precision during surgeries. The manufacturers are conducting product awareness and training programs for surgeons and practitioners to boost end user product penetration and gain maximum revenue share in the global neurosurgery surgical power tools market.

According to the Neuroscience Institute, around 3,600 neurosurgeries are performed annually. Experts note that device operating risks associated with neurosurgeries are projected to hamper the growth of the neurosurgery surgical power tools market. This factor is expected to negatively impact the growth of the global neurosurgery surgical power tools market over the forecast period.

According to the report, the electrical neurosurgical drills segment accounted for over 58% revenue share in the global neurosurgery surgical power tools market in 2017. Furthermore, the pneumatic neurosurgical drills segment accounted for 42.1% revenue share in neurosurgery surgical power tools market. Moreover, the popularity of electrical neurosurgical drills is also increasing, which is expected to limit the growth of other segment of neurosurgery surgical power tools in the near future. Electrical neurosurgical drills in the Asia Pacific market is expected to be the lucrative segment over the forecast period in the global neurosurgery surgical power tools market.

The company has segmented the global neurosurgery surgical power tools market into electrical neurosurgical drills, which offer high speed and torque, and pneumatic neurosurgical drills. In terms of revenue, the electrical neurosurgical drills segment in the neurosurgery surgical power tools market is expected to hold significant revenue share over the forecast period.

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The company’s report tracks some of the key companies operating in neurosurgery surgical power tools market, including Stryker Corporation, ADEOR MEDICAL AG,  AYGUN CO., INC, B. Braun Melsungen AG, De Soutter Medical, Johnson & Johnson Services, Inc., ACRA-CUT Inc., KARL STORZ SE & Co. KG, and Medtronic plc., among others.

Steel Drums Market to Remain Lucrative by 5.4% CAGR During 2018-2027

FMI delivers key insights on the global steel drums market in its published report, titled “Global Steel Drums Market”. In terms of revenue, the global steel drums market is estimated to grow at a CAGR of 5.4% during the forecast period – 2018-2027, owing to numerous factors, about which FMR offers thorough insights and forecasts in this report. The Asia Pacific steel drums market is expected to remain in the foremost position, during the forecast period.

Steel drums are used for storage and transportation of both hazardous and non-hazardous materials such as chemicals, coatings, paints and oil, etc. The main factor driving the steel drum market is its ability to be reconditioned or recycled for reuse. This factor ranks steel drums high in sustainability and leads to significant back-end cost savings.

The two main categories of steel drums are tight-head steel drums and open-head steel drums. 55-gallon steel drum is used as a standard as it provides high convenience. It is considered that, 55-gallon steel drums can be handled easily without the use of special tools or machines.

In the report, FMI suggests that the chemical & solvents segment by end use is expected to play a crucial role in the growth of the steel drums market during the forecast period. Dye, glues, and various other solvents are considered under the chemical segment. The steel drums market is expected to witness significant growth in many developing countries owing to the rise in demand for steel drums in the chemicals as well as oil and solvent industries.

Research also suggests that the oil and lubricants segment is estimated to have promising potential in the development of the steel drums market. The growth is primarily credited to the contribution of countries like China, India, and ASEAN countries in the APEJ region. Manufacturers in the market are expanding their production capacity and introducing new specifications in steel drums to ensure secure transportation.

Europe is expected to have high potential growth, considering that most of the manufacturing sector has been captured by the chemical segment in steel drums. Countries in the APEJ region with strong agricultural output are improving their export volume by implementing effective means of storage, transport, and packaging solutions.

The outlook for the global steel drums market is thus expected to be positive during the forecast period. However, the fluctuation in raw material prices may hamper the steel drums market globally. According to the research done by FMI, the steel drums market has witnessed significant growth in the last ten years due to the swift demand from end-use industry.

High sustainability & eco-friendliness of steel drums is a major factor driving the market. The growing chemical industry, which is propelling the demand for high-capacity drums, is an important factor in the growth of the global steel drums market.

The growth in intercontinental trade is also escalating the demand for steel drums. The burgeoning demand from end-use applications such as chemicals, oil, and lubricants industries is also escalating the steel drums market. Steel drums maintain international shipping standards, according to the U.S. Department of Transportation.

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The key players in the steel drums market are focusing on expansion through organic and inorganic methods such as mergers, acquisitions, and collaborations. Key manufacturers in the market are innovating by introducing new specifications to the products. The manufacturers of steel drums are likely to eye the lucrative regions of China and India in APEJ during the forecast period.

Key players considered in the report on steel drums market include Grief Inc., Sicagen India Ltd., Mauser Group B.V., Industrial Container Services, TPL Plastech Ltd, Orlando Drum and Containers Corporation, Milford Barrel Co. Inc., Balmer Lawrie & Co. Ltd., Clouds Drums Dubai LLC, Sonoco Product Company, Patrick J. Kelly Drums, Myers Container, LLC, C.L.Smith, Eagle Manufacturing Company, Three Rivers Packaging Inc., Fibrestar Drums Limited, Meyer Steel Drum, Inc., Enviro-Pak Inc., Peninsula Drums Cc, and Great Western Containers.

New Opportunities to Fuel the Expansion of Waterproof Speaker Market at 7.0 % during the forecast period (2018-2027)

According to a market report published by Future Market Insights titled ‘Waterproof Speaker Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027,’ the revenue generated by the market is estimated to be valued at US$ 6740.55 Mn in 2018, which is projected to increase at a CAGR of 7.0 % during the forecast period (2018-2027).

In the global waterproof speaker market, companies across the globe are focusing on research & developing and the launching of new product variants, which is a key factor driving demand for waterproof speakers across the globe. Companies operating in the market are constantly investing a significant amount on research and development activities to cater to the evolving needs of customers who are seeking authentic and specialised products. Waterproof speakers have standard features such as style, basic functionality and durability. Technological advancements in several audio devices has changed the manner in which people appreciate and play music. An increase in the demand for wireless-based audio devices, which include portable waterproof speakers with different connectivity options such as Bluetooth & Wi-Fi, sound-bars, headphones and microphones, has been witnessed in the audio industry. Moreover, the demand for waterproof speakers and similar other devices from end users is gaining traction. This has expected to drive the North America market over the forecast period.

The manufacturers of waterproof speakers have also adopted some key differentiating strategies. For instance, brands operating in the market are targeting mass consumers. They are also offering waterproof speakers with advanced features at competitive prices. The manufacturers of waterproof speakers are also seeking product innovation due to an increase in the awareness of consumers with respect to different brands in the waterproof speaker marketplace, as well as to maintain a proper value chain to reach the proper target audience and to reduce the cost of the final product. Manufacturers are focused on developing high-value waterproof speakers due to the rising consumer demand for better and more effective value-added products. Furthermore, the rising diversity of premium waterproof speakers on retail shelves is also expected to contribute to the increasing value share of the market in the near future.

Features, such as long-range connectivity, robustness and the availability of products on e-commerce platforms, are expected to boost the market. The functionalities of multi-room sharing via small devices, i.e., the pairing of multiple portable waterproof speakers via a single device to make compact devices produce louder sounds, are increasing the demand for waterproof speakers in the market. The rising popularity of waterproof speakers among the millennial population is also a major driver of the waterproof speaker market.

The global market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the North America and Asia Pacific excluding Japan regions are estimated to have a substantial value share. The North America region is expected to grow with the highest growth rate of 8.3% owing to the growing number of smart homes in the region. In terms of revenue, the value of the market was US$ 6,327.4 Mn in 2017.

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Key Players in the Waterproof Speaker Market

Detailed profiles of companies are also included in the global waterproof speaker market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global waterproof speaker market study include Bose Corporation, HARMAN International, Apple Inc., Yamaha Corporation, Sony Corporation, Logitech International S.A., LG Electronics Inc., Samsung Electronics, Panasonic Corporation, Sound United LLC, Philips, LIXIL Group, Anker, Ematic, G-Project Gear, 808 Audio, ROCKVILLE, FosPower, AOMAIS and Altec Lancing.

Cement and Mortar Testing Equipment Market to Flourish with an Impressive CAGR During 2018-2027

MEA & Latin America to emerge attractive for cement & mortar testing equipment APEJ secures top market position, says FMI research.

Increasing demand for process automation across industries is primarily fueling the adoption of cement and mortar testing equipment in construction industry. Poised to see just-under 5% yearly growth in the revenue, the global market for cement and mortar testing equipment is likely to cross the value of US$ 550 million in 2019.

Developing Asian Economies Remain the Hotbed of Opportunities

With more than 1/3rd share of the total market revenue, APEJ remains the most lucrative region for cement and mortar testing equipment manufacturers and distributors.

Although an important market for cement and mortar testing equipment penetration, Europe is likely to demonstrate steady year on year revenue growth in 2019 and ahead.

Whereas developing regions such as Latin America and MEA are poised to display promising performance in coming years – says a newly released market research intelligence study by Future Market Insights.

“China, India, and Singapore are serving a vital role in boosting the growth of cement and mortar testing equipment market across Asian region,” says a senior market research professional at the company.

Manufacturers to Discover High Potential Opportunities in R&D Sector

Accounting for around half the market value share, on-site material testing has been the largest area for adoption of cement and mortar testing equipment. However, the report prompts at a rapidly emerging opportunity for manufacturers in the R&D sector.

Looking at the rate of revenue generation emerging in R&D sector, it is more likely that research and training laboratories would register relatively higher demand for cement and mortar testing equipment in coming years, according to the report.

Tightening Regulatory Standards for Construction Materials Push Market Growth

Product type assessment of the cement and mortar testing equipment landscape reaffirms continued dominance of compression machines, followed by tensile testing machines.

The analyst explains, “A growing number of strict regulatory standards emerging for quality testing of construction materials including cement and mortar is subsequently creating a positive outlook for further penetration of cement and mortar testing equipment. With growing significance and criticality of adoption of appropriate material testing equipment across the construction industry, compression machines and tensile testing machines are expected for higher growth over other equipment types”.

The machine type analysis of global cement and mortar testing market reveals that lightweight, easy-to-transport, and low maintenance portable cement and mortar testing equipment is currently accounting for over 60% share in the global market value, followed by stationary cement and mortar testing equipment.

Key Insights Drawn from Competitive Landscape Analysis

  • R&D of advanced technology based testing equipment is likely to help manufacturers enhance their existing portfolio of offerings.
  • Long-term contractual distribution partnerships with regionally or globally leading distributors are expected to strengthen distribution networks of leading market companies.
  • Digital testing equipment offering additional features such as digital data recording, and increased automation of equipment delivering higher level accuracy are likely to remain on the radar of key players.

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The top 10 ranking players in cement and mortar testing equipment market account for around 45% share of the total market revenue, leaving the competitive landscape fragmented. The global cement and mortar testing equipment market report offers thorough profiles of leading companies with an objective to shed light on their key strategic developments in recent years.

Some of the players covered in cement and mortar testing report include Humboldt Mfg. Co., NL Scientific Instruments SDN BHD, Controls S.p.A., ELE International, EIE Instruments, Accro-Tech Scientific Industries, Cement Test Equipment, Aimil Ltd., Qualitest International Inc., and Matest.

In an effort to address a longstanding challenge of the lack of skill to efficiently and accurately operate cement and mortar testing equipment, Controls Group – one of the leading suppliers of material testing equipment – recently organized a training session for consumer companies, on the details of operating cement and mortar testing compression machines, in Italy.

‘Go Green’ Trend Fuels Demand for Renewable Construction Chemicals

The India construction chemicals market has witnessed a significant increase in its growth rate in the past few years. However, the construction industry in the country has still not reached maturity. Construction chemicals find applications in improving the functionality of different construction materials to enhance performance, workability, functionality, and chemical resistance for increasing the longevity of buildings or other structures.

Recent years have witnessed exponentially expanding infrastructure development activities, and high monetary investments in residential and commercial buildings along with renovation processes of historical monuments, and civil service infrastructure such as dams and bridges have resulted in a relatively higher use of construction chemicals in India.

As per a recent study by Future Market Insights on the Indian construction chemical market, the growth of this industry still is at a developmental phase and is gaining attention from foreign and local market participants such as chemical manufacturers, infrastructure developers, and related vendors who are investing in the setting up of production facilities for construction chemicals positively contributing to the manufacturing sector of the country.

Bio-based Construction Chemical Gain Importance

Government regulations in recent times have emphasized on the promotion of ecologically sustainable materials and processes through the concept of the Green Revolution, which in conjunction with rising foreign investments, growing urbanization and increasing use of ready-mix materials are considered as key aspects that are propelling the demand for construction chemicals within India.

Moreover, rising public and private investments in research and development activities, the higher activity of new producers, increasing adoption of sustainable chemicals and innovative advancements in technology are generating good prospects for the sector.

For example, the Building Materials and Technology Promotion Council (BMTPC) of India promoted the use of construction chemicals and materials that are sourced from agro-industrial waste, natural fiber, residue, and agricultural by-products that are cultivated on a large scale within the country. This has resulted in the creation of corrugated sheets sourced from bamboo, concrete made using rice husk ash, bricks of recycled plastic, and particle boards made from agricultural bagasse.

Increasing Construction of High Rises with International Standards Drives Demand

With expansion of tier 1 cities in the countries and numerous construction projects involving high rise buildings in these regions, the use of construction chemicals in concrete, to improve on corrosion resistance, and durability of construction materials, consequently leading to manufacturers focusing on the ratio of performance to price instead of just the price alone.

Rising awareness amongst businesses in the construction sector about the mandatory compliance with international building standards is anticipated to boost the use of prescribed best practices in the industry. The government’s move on banning the mixing of cement onsite and mandatory usage of ready to mix cement in metro city areas are essential factors that are expected to have a major impact on the growth of the construction chemical sector. On the other hand the industry is being hampered by the lack of skilled labor, as most construction chemicals require precise handling and technical expertise for appropriate use.

For more detailed insights on the constantly evolving Indian construction chemicals industry, click here.

3 Major Technological Innovations from the Global Power Tools Market

Power tool manufacturers across the world are constantly working towards the development of new innovations in products to enhance aspects such as usability, durability, and safety. Power tool suppliers are emphasizing on features that help save time and money through, low power consumption and ease of use among others.

Cordless Technology to Improve Productivity

Innovative advancements in stable platforms for operating cordless technology such as motors, batteries, and digital electronics have been instrumental in the development of new solutions for increased productivity. Cordless technology finds higher levels of applications owing to the requirements of a continuously evolving workplace and the demand to improve on the delivery of solutions that assist in faster and smarter work and versatility of use. As a result of this, technological breakthroughs in conventional motors, Lithium-ion batteries, and new-age electronics are being integrated into every day tools to allow effective cordless solutions within the power tools market.

As per a recent study by Future Market Insights on the global power tools market, cordless power tools are gaining in popularity despite being more costly in relation to corded power tools, owing to increased ease of use and improved safety features, especially among DIY enthusiasts. The demand for cordless power tools is expected to rise steadily in the near future, as their adoption rate improves even in developing economies.

Bosch Optimizes Organized Tool Storage Solutions

Apart from the demand for enhanced performance of cordless power tools, recent times have revealed a major need for improved tool storage organization and portability solutions. High user preference for operational freedom, performance, power, and higher run time are generating opportunities for improvement for power tool manufacturers.

Towards this end, Bosch has recently revealed its range of L-BOXXes, which make use of its patented Click & Go system, which solves 3 major problem areas of storage, organization, and mobility. Available in 5 unique sizes, the innovative system of L-BOXXes can store all kinds of hand tools, and relevant parts, and accessories that are used with power tools and other equipment. Each box can be simply clicked in place on top of each other and they offer better mobility by being fixed onto movable platforms.

These storage boxes also comprise different sizes of small, color coordinated internal cups that provide optimized flexibility for users to customize their tool kits in the way they want. Smaller iBOXX variants of storage cases also feature similar cups that have clear lids for quick storage and retrieval. All of these storage boxes can be used separately or be fit into Bosch’s specialized shelf units to move multiple tool kits at the same time.

Metabo Creates Low Profile Headed Grinders for Increased Safety

Metabo Corporation released its range of flat-head grinders that have a low profile design for easy access in confined areas and narrow angles that conventional grinders cannot reach. These grinders use patented gear drives for this purpose, ultimately reducing the risk of power tool operators working in such difficult conditions.

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Rising Industrial Automation Drives Demand for Digital Transformation in MENA

Digital technology is revolutionizing businesses across the world of all types, forcing the evolution aspects such as value chains and customer interaction through the utilization of tools such as online platforms and mobile devices. Digital transformation in the Middle East and North African countries is involving the integration of digital technology into the diverse aspects of business to redefine the working principle of the products, operational processes, and strategies by taking advantage of present day technological innovations.

Consultancy Services for Digital Upgrades Rise

Business entities in the region are competing intensely by providing customers with improved services at all levels, which is boosting the requirements for boosting efficiency through innovations in digital strategy, thereby expanding the MENA digital transformation market.

In addition, public and private entities in the region are emphasizing on providing digital services to consumers including online billing, process notifications and offer updates, which is creating lucrative opportunities for service providers here.

Banking, financial services and insurance (BFSI) services along with public transport are end use sectors in the region that are making the most use of digital transformation. Moreover, the major entities in the BFSI sector are increasingly enhancing their online service capabilities and customer relationship management to attract business which is strongly propelling the demand for digital transformation in MENA.

Government Regulations and Infrastructure Development Boost Demand

Among the different countries within MENA, Qatar’s contribution to digital transformation is projected to be very significant in the near future. This can be attributed to new national regulations being imposed by the government that support the use of e-transactions and e-commerce creating major opportunities for service providers in the region.

As per a recent study by Future Market Insights on the MENA digital transformation market, the United Arab Emirates is estimated to lead the MENA digital transformation scene on the basis of revenue generation. Rising digitization & development of content and higher rates of adoption for relevant software & services are some of the key influencers that are boosting the growth of the sector.

Patent Applications and Infrastructure Improvements to Drive Future Developments

The future for digital transformation is fairly promising, with estimates for exponential growth rates in the region. High consumer interest in digital tools and processes is expected to generate a good growth potential in the years to come, as consumers demand for digital offerings is already strong. Businesses in the sector are emphasizing on increase patent applications and improving service infrastructure to enhance its information and communications technology applications.

The digital market across the Middle East if unified could contribute significantly to local GDP, while also having a positive impact on social issues such as poverty reduction, improved education and healthcare, and reduction of environmental pollutants.

With the active participation from all parties ranging from government bodies to private agencies, given the rapidly increasing innovations in technology and its potential to constantly shape business practices and lifestyles, digital transformation has a bright future in MENA for years to come.

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Burgeoning Biomass Projects to Drive Wood Pellets Demand

Elimination of CO Emissions with Stored Wood Pellets

Clarkson University recently discovered all-new process for eliminating release of the toxic CO (carbon monoxide) gas from the stored wood pellets. The usage of wood pellet stoves and boilers for replacing older wood boilers, and heating oil is an initiative towards supporting nation-leading energy targets for reducing the emission of greenhouse gases by approximately 40% by 2030-end. This breakthrough discovery is a solution to the crucial safety and health concern that enables New Yorkers in using wood pellet boilers and stoves, thereby safely storing the wood pellets. This is a major initiative towards clean and heating with the wood pellet boilers and stove.

Commitment of Clarkson University for enhancing research that drives the healthy global solutions along with the vision of North Country Regional Economic Development Council for creating greenest energy economy across the New York state have been in complete alignment. Sources form the research institute is of the point of view that advanced technology heating systems have been enabling consumers in using local wood pellets as well as cordwood as fuel in an improved, cleaner and more effective way.

Wood Pellets by Enviva to Help In Power-Plant Conversion

Enviva, distributor of utility-grade wood pellets in US is planning to supply wood pellets to Mitsubishi Corp., Japan for its new biomass power plant conversion in Japan. Enviva will be supplying nearly 630,000 metric tons of the wood pellets every year to the Japanese firm. Enviva had stated, the long-term imported biomass fuel supply to Aioi Bioenergy Corp. that is planning to convert present oil-fired power plants to biomass. This major initiative has been taken for eliminating impacts of the climate change. The company will be supplying sustainable wood pellets fuel to Aioi facility, which is one amongst the biggest reserved biomass project in Japan.

Furthermore, the project will also convert the Unit 2 of the overall Aioi Power Station in the Hyogo Prefecture from the usage of very heavy or the crude oil to the wood pellets. According to inside company sources, the unit will be beginning the generation of power by means of biomass fuel by January 2023 and the operations will last for nearly a 20year time span.

Strategic Acquisition by Lignetics to Enable Expansion of Presence in New England

Lignetics Inc. recently announced acquisition of the New England Wood Pellet LLC that is inclusive of the manufacturing plants in Pennsylvania, Youngsville, New York, Deposit, New York, Schuyler, New Hampshire and Jaffrey. With this strategic expansion, Lignetics will place a strong position in mid-Atlantic as well as New England markets. With this strategic acquisition, the acquiring company will expand its footprint across the US and continue to be a leading player in residential wood pellet industry.

A recent study by Future Market Insights on wood pellet market indicates rapidly increasing carbon emissions and growing number of dedicated biomass power plants are expected to boost revenue sales in wood pellet market.

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Favorable Healthcare Programs Turns Need of the Hour in Pet Care Management

Canines to Taste Premium Packaged Foods By Nestle

Nestle will be selling packaged food for the canines in India, starting with the premium packaged foods. The company has introduced premium dog food products under Supercoat brand. The new brand consists of wide-ranging array for complete as well as balanced food, inclusive of wholesome combination of the higher-quality natural ingredients that are free from artificial flavors, colors or preservatives. In the initial phase, the pet care products will be sold by means of retail outlets in 12 cities across India.

Note: Pet Care is comparatively new business for the Nestle brand, on a global basis.

Nestle further has plans to sell specified veterinary diet products. Pet care is a considerably small industry in India and Nestle is taking immense efforts in elevating its position in the Southeast Asia pet care market on a broader perspective. Nestle is witnessing huge potential in India’s pet care and food industry with growing awareness regarding pert nutrition and rapidly increasing digitization in Southeast Asia. Indian veterinarians are taking immense efforts in attending pet care programs in order to obtain more awareness regarding pet foods.

Free Pet Care Programs to Enhance Diabetes Management

Zoetis, Purina and Merck Animal Health for the fifth time in a row have joined forces for offering free tools and diabetes education to the veterinarians. According to recent revelations by the three companies, diabetes mellitus has been affecting nearly one in every 230 cats as well as one in every 300 dogs. With the beginning of this program, sponsoring companies have been assisting the veterinarians in the screening of thousands of pets as well as offers resources benefitting the diabetes management.

With enrollment in Diabetes Pet Care Alliance program, the veterinarians are obtaining access to resources and tools, which help them in enhancing awareness with regards to diabetes, which in turn leads to initiating screening of pets as well. Most of all, the pet owners that have pets diagnosed with diabetes through the program have received free disease management kit from the participating clinics. Conclusively, Diabetes Pet Care Alliance program has been enrolling new practices that is likely to continue in the forthcoming months as well.

New and Innovative Parasite Preventive to Protect Pets against Ticks

Zoetis recently announced Revolution Plus, a sarolaner and selamectin topical solution that is 6-in-1 feline parasite preventive, protecting against ticks, has received approval from FDA. Revolution Plus is a protection against

  • Fleas
  • Gulf Coast tick
  • American dog tick
  • Ear mites
  • Roundworms
  • Hookworms
  • Heartworms

The new product can be used in kittens and cats as young as eight weeks as well as weighing nearly 2.8 lb. With FDA approval of the pet care products, pet owners, practice staff and veterinarians can enhance special bond between the human families and cats by catering to threat of ticks without compromising in the broad-spectrum effectiveness from feline Revolution. Most of all, addition of sarolaner to selamectin is an innovative combination product with wide-ranging endo as well as ectoparasiticide spectrum for kittens and cats.

A recent study by Future Market Insights on Southeast Asia pet care market indicates growing adoption of the private label brands and increasing number of healthcare programs and pet humanization is likely to positively impact on the revenue sales in southeast asia pet care market.

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