Emerging Government Activities to Impact the Growth of the Indian Alcohol Business

A leading research analyst at Future Market Insights discusses the potential trends in Indian alcohol market that are expected to impact the business of Indian alcohol makers in future

The rapidly proliferating urban population and the significant spending by consumers on alcoholic beverages, is creating major growth opportunities for Indian alcohol makers. Adoption of modern lifestyle across the urban landscape coupled with the temporary stress relieving benefits of alcohol has majorly boosted the consumption of alcohol. However, certain government activities and changing regulations are expected to stir potential transformations in the forthcoming years.

What are the storming transformations that are expected to impact the overall liquor business in India?

Maharashtra State Government issued a notification on 31st Dec 2018 for the amendment of Maharashtra Potable Liquor Rules, 1996, to hike the excise duty on Indian alcohol. On account of this, mid-sized and premium Indian Made Foreign Liquor (IMFL) will experience a hike of 20 to 25 %, small brands will experience a hike of 5 %, while the foreign liquor brands will face an excise duty of about 4 %. This change is expected to majorly impact the Indian alcohol business.

What segment of alcohol is gaining major popularity among the consumers?

The premium alcohol brands are gaining major preference by Indian consumers owing to the growing abundance of the middle-class sectors and the proliferating per capita spending of consumers. An official at the Indian distiller company, Radico Khaitan Ltd. expressed his view on the progressive Indian alcohol market, where he stated that Indian consumers are spending more on premium alcohol, including brandy, whisky, vodka, and rum.

What are some of the budding trends likely to influence the Indian alcohol market?

Companies operating in alcohol landscape are increasingly focusing on making innovative developments in their product portfolio to enter the dry states that prohibit alcohol. Leading alcohol brands such as Heineken, London Pilsner, and Kingfisher plan to introduce non-alcoholic beer in the Gujarat state and others. This is expected to stir new developments in the Indian alcohol market over time.

How are alcohol manufacturers differentiating in the Indian alcohol landscape?

Indian alcohol manufacturers focus on innovating in terms of flavor to best cater consumer demands. Owing to this, several Indian alcohol makers plan to offer its Indian customers with the country’s heritage liquor. Indian alcohol manufacturers including Native Brews, Agave India, and Cazulo plan to manufacture alcohol from agave plant, mahua flower, and feni. Their primary aim is to develop a national alcoholic beverage for the nation, similar to the Scotch whisky from Scotland, apart from making the Indian consumers aware of the native taste and flavor.

What are the new regulatory requirements that need to be addressed by the companies operating in the Indian alcohol market?

Regulations pertaining to alcohol are amongst the key factors that need to be addressed by the Indian alcohol market players. The Food Safety and Standards (Alcoholic Beverages Standards) Regulations, 2018 specify requirements for labelling including the declaration of alcohol content, no nutritional information, labeling of a standard drink, no health claims, etc.

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Consumers Display Increasing Interest towards Short-Term Yacht Rentals

With growing application in luxury cruise businesses around the world, the demand for yacht charters is largely reliant on the overall net worth on people around the world. Owing to the relative ease of use, better navigation and communications, motorized yacht charters are preferred more by users, despite the exotic allure of sailing yachts.

As per a recent study by Future Market Insights on the global yacht charter market, European countries hold more than half of the worldwide market share, particularly those which are located in the Mediterranean including, Italy, Greece, and Spain. This can be attributed to the rising marine tourism business in the region driven by favorable climates and eye-pleasing natural environs.

Businesses Focus on Geographic Presence and Improvements of Service

The market for yacht charters is consolidated with key businesses including Le boat, Sunsail, Dream Yacht Charter, Footloose, and Kiriacoulis operating primarily in Europe and North America that already have an established culture for recreational sailing. On the other hand, the Asia Pacific market is fragmented, owing to the numerous regional businesses that are operating in a limited number of countries.

With rising popularity of yacht chartering activities in the countries of the Asia Pacific, businesses are working towards expanding their operations here. For example, Fraser Yachts announced the initiation of its operations in Hong Kong, Indonesia, Vietnam, the Philippines, and Thailand, in February 2018 to take advantage of the quick growth observed in the region in recent years. In addition to expanding their operations across many regions, charter companies have also modified their vacation packages for prospective tourists to visit a wide variety of international holiday destinations.

A key activity that has witnessed increased adoption by yacht charter businesses is to constantly enhance the yachting experience and services for the travelers. Users are increasingly showing a preference to greater luxury with state-of-the-art amenities and personalized services. This has resulted in the addition of facility enhancements including internet connectivity, online ticket bookings, and superlative hospitality experiences.

Technological Advancements Encourage Use of Eco-Friendly Materials in Yacht Charters

Yacht charter businesses are increasingly emphasizing on the introduction of yachts with technologically advanced such as audio visual systems to improve the experience of consumers on board. Newer variants of sailboats are also equipped with multiple communication and navigation tools such as Satellite Phones, GPS, and Wi-Fi, in addition to making use of eco-friendly materials and designs for eco-friendly sustainability.

For example, Oceanco released its most technologically advanced super-yacht, the Black Pearl, which offers the first true zero-emission cruising operations for a yacht that is larger than 100 meters. The vessel makes use of three 70-meter mast and sails that have been designed to supplement the hybrid power supply system with optimal energy inputs from the wind. The yacht also has a revolutionary recovery system to absorb excess heat, and push it back into the ship to be used for powering electronic accessories, among other facilities.

Similarly, Newcastle’s Safira yacht is made completely from recycled, reclaimed, or scrap materials, in addition to running on biodiesel fuel combinations, without compromising on luxury.

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New Inclusions in Product Portfolios Create Opportunities for Production of Branded Generics

Sold off-patent, branded generics are increasingly finding applications in emerging economies, owing to their widespread use and recommendations by healthcare professionals. Moreover, branded generic drugs are an essential revenue building segment for most pharmaceutical companies.

As per a recent study by Future Market Insights on the global branded generics market, the lucrative opportunities available in developing countries such as Russia, Brazil, China, and India are anticipated to significantly drive up the demand of these products in the near future. A crucial factor that is boosting the worldwide branded generics market is the rising out-of-pocket health care spending by patients in countries across the globe. Moreover, the expiries of patents for most best-selling drugs is also contributing positively towards the growth of businesses involved in branded generics.

Increased Adoption of Branded Generics by Pharmaceuticals Companies to Boost Future Sales

Major pharmacy chains across Europe are increasingly adopting new drug variants, which is expected to significantly boost sales. The rising pervasiveness of branded generics greatly relies on the development of such medicines by pharmaceutical companies, especially in developed countries such as the U.K., Poland, and Germany.

In addition, businesses are displaying a rising focus on improving supply chains to gain better competitive benefits on the basis of enhanced profit margin, and faster access to the to the correct process of the supply chain. Furthermore, complex cytotoxic generic drugs are witnessing high production rates to makes the company’s product essential for consumers. With higher emphasis on the development of injectable formulations manufacturers are expected to gain in the terms of revenue.

For example, a recent study by Navigant of more than 2000 hospitals in the US, estimated a reduction in supply chain expense by nearly 18%, accounting for nearly $10 million for every hospital each year, through such measures.

Making use of captive business models and sales work force, significantly lessens the rate of attrition and boosts productivity, and the time taken to push the product in to the market noticeably, increasing the efficacy of company operations. Moreover, some manufacturers are making use of outsourcing processes, while risking the loss of technical knowledge.

Austerity Measures by Governments Restrain Use of Generics

Governments and insurance companies particularly in developing nations are encouraging the replacement of branded generics with cheaper unbranded generic variants to reduce regional healthcare costs. The increasing costs of public healthcare programs and private insurance face economic pressure owing to the costs arising from reimbursements for drug purchases.

Furthermore, manufacturers have initiated restrictions on distribution of non-REMS products, as a result of which, significant health care savings are missed. In addition, a number of developing economies such as South Africa, Turkey, and India are working to lower the ideal benchmark prices in comparison to that of developed countries cluster to drive down the prices.

As per a recent report by Amnesty International, such austerity measures result in large scale purchases of bigger amounts of cost-effective generic medicines to gain greater control over the expenditure of healthcare expenditure, actually result in deterioration of healthcare services through restructuring and co-payments.

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Farmers Harvesting Profitable Benefits with the Expansive Applicability of Bamboos

Recognized as multi-purpose and versatile, bamboos are superior forest produce that plays a major role in various end-user industries. Furthermore, factors such as sustainability are expected to promote its use in several sectors.

Versatility of Bamboos to Open New Avenues for Future

The bamboos are extensively used in various applications owing to the profitable attributes of the plant that include environmentally friendly and versatility. The multi-functionality of bamboos are therefore garnering the attention of customers in several sectors. Moreover, with the different types of materials developed with the help of bamboos are further contributing to the growth of various industries. For instance, bamboos are being utilized for distinct applications predominantly in lucrative markets, such as China and India. Bamboos have long been used to make a fishing trap for the purpose of catching fish in an Indian district called Rangpur.

Burgeoning Initiatives to Foster Bamboo Industry Growth

The bamboos landscape has witnessed several developments, one of which is the burgeoning support extended by the governing bodies, to further strengthen the application of the plant and cater to a large number of sectors. China, for instance, has reflected promising potential for the providers of bamboos. Moreover, the country’s government also plays a crucial part, as it provides major support for boosting the bamboo business. Emerging programs such as the ‘Belt and Road’ initiative by the Chinese government, which aim at building better infrastructure are providing new opportunities for bamboos market players as the grass is said to be strong enough for developing shock-resistant exteriors for bullet train carriages and storm drainage pipes. The government is also providing subsidies to the farmers to boost the annual value of the bamboo industry over the coming years.

Abundance of Bamboos to Boost Application

The vast availability of bamboos is expected to drive the growth of the bamboos market as it could result in more usability of the grass. The growing cultivation of bamboos across profitable regions is further boosting the availability of the grass. The plantation of bamboos on private lands is growing substantially in emerging economies such as India. For instance, the south Gujrat district of India has witnessed an upsurge in bamboo plantation recently. Post the reclassification of bamboos as grass by the central government, cutting bamboos without the permission of forest department was made possible. This has greatly triggered farmers to reap economic profits by proliferating plantation of bamboos.

Construction Sector to Reinforce the Future of Bamboo Application

Mitigating environmental issues has become a need of the hour globally. The need for sustainable and eco-friendly alternatives in sectors such as construction are further contributing to the adoption of bamboos. In the coming years, bamboos are expected to be used majorly in the construction sector. The National Bamboo Mission (NBM), first launched in 2006 by the Government of India was restructured in 2018 that would aim on supporting the development of the value chain of the bamboo industry. Moreover, the National Housing Scheme (PMAY) further promotes the use of bamboos as construction material, thereby helping the farmers to double their income by the year 2022.

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‘No Ownership’ Trend to Boost Online Clothing Rental Services in Developed Markets

Growing shopping convenience and ease of use along with major shift towards social acceptance of renting and buying pre-owned products are likely to be some of the major aspects contributing towards growth and development of online clothing rental market in 2019. Increasing penetration of internet has stimulated online clothing rental options, which makes it a commonplace norm for majority of the population across the world with benefits such as easy research ability, convenience as well as price comparison tools help in outweighing efforts needed for physically visiting usual bricks-and-mortar store. Several online clothing rental companies have been taking immense initiative towards enhancing their global market reach by means of internet and various advertising innovations such as rebate on the total costings for prior booking (a month) before use.

Thrifty Fashion Lovers and Social Networking Sites to Significantly Drive Sales Growth

Social networking sites such as Instagram, Facebook, Twitter and various other online communities have a broader impact on the growth and development of the overall online clothing rental market as the former enables in expanding awareness regarding startups and companies exclusively meant for online clothing rental. This in turn have spawned the consumers with high expenditure in the online clothing rental market along with growing urge for fashion. Accessory and designer grown online clothing rental trend earlier were an exclusive territory of the celebrities, which are now turning out to be a norm that is common to all. Moreover, budget conscious end-users across the millennials age cluster are a notable target market for online clothing rental industry. However, another ideal customer-base in online clothing rental market comprises of those individuals experiencing temporary stages of swift size changes such as the pregnant women.

APAC Online Clothing Rental Market to Hold Incremental Opportunities

Rapidly increasing usage of mobile technology and growing expenditure on fashion in developing regions such as China and India has attributed towards the strong growth rate of online clothing rental market in APAC. Constant developments and R&D in the online clothing rental market are witnessed as major dynamic factors contributing towards the expansion and growth of online clothing rental market. Apart from this, rising emphasis on sharing instead of owning as well as growing awareness regarding the positive environmental effects of sharing economy has led to further growth of APAC online clothing rental market.

Online Clothing Rental Companies Target Consumers with AI, Machine Learning

North America already holds established structure for the online clothing rental market. Online companies such as Amazon are the major purchase influencers in the purchase journey of fashion shoppers. Shoppers are witnessed as spending considerably more time on the company sites for product research and discovery purposes, thereby offering the retailers in online clothing rental market with insights regarding purchase decisions of the buyers. Machine-learning tools and artificial intelligence enables the retailers in leveraging affluence of the consumer data towards responsive designs as well as better product recommendations. This, in turn, helps the companies in the online clothing rental market in launching private-label fashion brands for the customers at entry-level stage. Apart from this, rapidly increasing fashion conscious populace with burgeoning adoption of the No Ownership trend with regards to clothes is likely to further stimulate the growth of North America online clothing rental market in 2019.

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Aromatherapy Market Gains from Growing Demand for Essential Oils

Modern lifestyle, rapidly increasing awareness regarding the therapeutic benefits of essential oils and growing preference towards natural products with steered issues such as stress, sleep disturbances, etc. have been attributed towards inflation of the aromatherapy market through 2019. As per HAA (Holistic Aromatherapy Association), clary sage for relieving pain, ginger for helping in digestion purposes and eucalyptus as decongestant are some of the most commonly used essential oils in aromatherapy. Aromatherapy is likely to gain traction amongst the population experiencing acne, menstrual problems and insomnia on an extreme basis.

Emergence of Cost-Effective Aromatherapy-Grade Diffuser to Expand Customer Base

With rapidly increasing need for improving sleep habits, manufacturers are developing products such as Ultimate Aromatherapy Bundle. This product for aromatherapy helps in enhancing aesthetics in the end-user’s room and the diffuser in the all-new aromatherapy product consists of nearly 7 mood lights and 15 diverse light modes, thereby enabling the end-user in adjusting setting ideally suitable for comfort zone and aromatherapy.

Healing Properties of Aromatherapy Trending Among Patients with Anxiety Disorder

Growing number of anxiety disorder patients especially amongst the millennial population is significantly driving the growth and development of aromatherapy market in 2019. As per American Anxiety and Depression Association, anxiety disorders have been recognized as the most common mental illness across US, affecting more than 40Million adults every year. With rising inclination towards inhalation of the essential oils, helps the patients with transformative power as well as transports the mind back towards the state of relaxation and calmness. Increasing awareness regarding ability of the essential oils in adapting to the individual specific body needs further stimulates growth and development in aromatherapy market. Moreover, many essential oils used in aromatherapy helps in increasing immunity as well as combats breathing and cold disorders.

APAC to Hold Potential for Aromatherapy Market

Growing prevalence of the chronic diseases as well as lifestyle associated diseases are majorly contributing towards the growth of APAC aromatherapy market. Medical tourism in nations such as India that holds traditional procedures for availing essential oil benefits through natural resources for treatments of disorders, thereby attracting the tourists, which in turn drives the demand for aromatherapy in APAC. Adverse effects of the pharmaceutical therapeutics is considered as a major reason behind growing shift of consumer interest towards usage of natural aromatherapy products.

Toxic Nature of the Essential Oils to Remain a Barrier

Essential oils such as Cineole used in aromatherapy is considered as poisonous as its overdose can lead to feeling of suffocation, rapid heartbeat, muscular weakness, dizziness, vomiting, nausea and epigastric burning. Swallowing of essential oil can lead to pneumonia as well. The WAPIC (Western Australian Poisons Information Centre) lately recorded a notable rise in the poisonings, which is the end-result of ingesting essential oils by children. With usage of the undiluted essential oil over sensitive skin or nostrils, possibilities of burns and irritation increases. In addition, susceptible people might develop allergic reactions and rashes on skin as well.

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Field-Oriented Control Systems Shape Future Designs of Cordless Power Tools

In recent times, building supply stores across the globe have seen some sweeping changes, especially in the garden appliance and power tool sections, for products such as saws, drills, lawnmowers, and vacuum cleaners among others.

The first major change which was introduced to the global power tools market was the cordless devices that were powered through portable batteries. This was followed by the inclusion of technological innovations such as brushless direct current motors and full-bridge drivers for brushed motors, which were aimed towards extending battery life and adopting very complex schemes for equipment control that integrated sensors with power drivers and controllers to manage switching sequences seamlessly.

Furthermore, recent innovations even provide power tools to be tracked wirelessly through a form of low energy Bluetooth connectivity, providing end-users with easier tracking of inventory and deterring theft of valuable devices. In the latest development, manufacturers have made revolutionary changes in the core design of microcontrollers and motor-control algorithms, which are increasingly being incorporated into various power tool designs.

Field Oriented Control Changes Brushless Direct Current Control Methods

Unlike brushed motors that make use of permanent-magnet stators, mechanical commutation, and wound armature, the brushless direct current (BLDC) stators comprise windings that are sequentially powered to generate a rotating electro-magnetic field. The BLDC rotor follows the movement of this field acting as a permanent magnet. Standard configurations comprise 6 symmetrical coils that are arranged into 3 distinct phases at intervals of 120-degrees.

The BLDC system is essential for switching electrical currents to the windings in a sequential manner for maintaining the movement of the rotor, which can be achieved with either trapezoidal commutation, or sinusoidal control, or the newest method which makes use of electro-magnetic field oriented control (FOC).

The FOC method was initially considered to be unsuitable for low cost applications, owing to costly sensors and high power consumption. However, improvements in the field have generated optimized opportunities for inclusion in different types of power tools.

FOC Provides Unique Advantages for Power Tool Designs

 Compared to other methods of commutation, FOC offers users with a number of exclusive advantages such as superlative dynamic behavior, improved operational efficacy, complete motor torque capabilities even at low speeds, decoupled flux and torque control, four quadrant operations, and overload capabilities for short periods of time.

The system offers optimal torque control through achieving constant phase lag at 90 degrees to the stator, under different loads, while simultaneously calculating rotor flux angles several times each second to optimally modulate the current, in comparison to the limited commutation options offered by conventional methods.

While FOC had many potential applications, it was largely considered to be impractical owing to the lack of accuracy in simple power tool devices to make use of the system in the right way. However, recently manufacturers have claimed to have developed a sensor-less version to circumvent this issue.

InstaSPIN Eliminates Complexities in Development of FOC Technologies

FOC systems are especially effective when used in power tools that integrate centrifugal mechanisms, scientific instrumentation, or high speed blowers or compressors, or those that are used in heat sensitive or portable applications. However, the complexity of developing algorithms to meet the requirements of every unique motor is a major challenge for designers.

InstaSPIN is a new FOC algorithm building tool by U.S. based Texas Instruments that, simplifies this challenge significantly, by providing ready to use blocks of algorithm functions that can be used by skilled developers to easily optimize power tool motor performance over a wide variety of operational conditions.

Torque/velocity control or position/velocity motion control is performed through automated identification of the type of motor being used, and the tuning of the torque controller without needing mechanical rotor sensors.

FOC Finds Extensive Use in Electric Drives in Power Tools

Field-oriented control (FOC) varies significantly from ordinary control mechanisms for electric motors by enabling enhanced precision in control capabilities on the basis of speed and torque. These aspects are highly relevant for modern electric motors that are being used in the numerous power tools and their applications.

Field of Control mechanisms can be utilized for durable, very reliable and supremely energy-efficient designs for motors in various power tool segments. Motors can be utilized at their optimal range of torque and speed in any situation, while simultaneously offering users very accurate and and fast regulation of motor speeds, which is very crucial for uses that are commonly impacted by dynamic load changes, in devices such as ventilators or pumps.

FOC also enables significant reductions in fluctuating torque, which leads to a much smoother rotation of motor components. As a result devices that make use of FOC emit lower levels of noise, which is especially important for electrically powered power tools that normally do not have a loud motor assembly. In addition, the smoother operations of such motors also noticeably reduces the wear and tear of the devices bearings, resulting in greatly enhanced robustness and reliability, enhancing the demand in the power tools market.

The field-oriented control method has been viewed by device designers as a very desirable combination to improve on performance features. However, the system was considered too expensive for low cost applications. However, with the introduction of Piccolo microcontrollers, and the internal InstaSPIN FOC module, FOC is finding widespread application in power tools.

On the other hand, the usage of FOC in power tools also has a number of disadvantages. The most impactful of these being the costs associated with the implementation of rotor sensor components, which is implemented either mechanically or in the form of a complex software, which so far have been considered to be the most unreliable part of such power tools. The unreliability of these components results in increasing costs or higher error rates, which is why the InstaSPIN development is of such importance.

Searching for new insights on the global power tools industry? For reliable and actionable forecast information on the terms of location and product, visit Future Market Insights’ recent study on the global power tools market. This report also talks about factors such as the competitive environment, key market share holders, industry hierarchy, and popular strategies.

O-Ring Motorcycle Chain Sprockets Gain Demand with Rising Recreational Motorcycle Activities

Motorcycle chain sprockets are a key component in the transmission system of a motorcycle. Motorcycle chain sprockets primarily comprise of various types of drive chains, including standard variant of roller type chains, along with specialized X-ring or O-ring chains. The drive chain are key elements of the drive chain that allows the transmission of power via a sprocket. Sprockets in turn transmit the impetus from the shaft’s rotation to the chain for efficient movement.

The rapid growth of the spending power of the global middle-class population is driving the demand for commercial motorcycles, and consequently, that of chain sprockets. Increasingly affordable prices, and environment friendly benefits are anticipated to generate a steady year on year growth rate of more than 5% as per a recent report by Future Market Insights on the global motorcycle chain sprockets market.

Preference for Affordable Transport Creates Demand for Standard Sprockets

The sales of standard motorcycles is showing constant growth, primarily owing their ability to provide significantly higher levels of fuel efficiency when compared to four wheelers, which is very important with the recent rise in the prices of gasoline.

Currently, the rising prices of gasoline and natural gas are anticipated to positively contribute towards the growth of motorcycle chain sprocket market, owing to increased number of consumers who choose two wheelers over four wheelers, for significant savings in money.

Standard motorcycle chain sprockets are anticipated to gain adoption with more than 6% CAGR. These chain sprocket variants are anticipated to account for nearly three quarters of the entire revenue share in the market by the end of 2019, most of which will come from the Asia Pacific countries owing to the high adoption of mass produced commercial motorcycle variants, particularly in India, Indonesia, and Philippines among others.

For example, data from the Society of Indian Automobile Manufacturers, states that the production and sales of motorcycles within India and China alone account for more than 20 million and 15 million respectively out of the global number of approximately 60 million.

Recreational Motorcycling Creates Need for O-Ring Chains

Currently, developed nations such as those in Europe, or the United States and Canada are witnessing a higher rate of adopting motorcycles for recreational and sporting activities, such as motocross, or cross country riding, that require motorcycles with superlative engine capacity.

This trend is propelling the requirement of O-Ring type chains. O Ring chain motorcycle chain sprockets are anticipated to grow at more than a 7% CAGR, with nearly 30% of the global revenue share by the end of 2019.

Notable reduction in stretching and a virtually maintenance-free nature, makes o-ring chain sprockets a preferred choice among sporting enthusiasts.

O rings are also gaining preference among motorcycle riders owing to the additional advantages such as better lubrication, noise reduction and protection from dust, and superlative durability, all of which arises from the rubber o-shaped fittings, installed by manufacturers.

Gain better insights on the dynamics of the worldwide motorcycle chain sprocket market, by clicking here.

Industrial Paper Sacks Demand to Grow Moderately in APAC, Projects FMI Study

Owing to their distinct applications in industries such as construction, agriculture, chemicals, food, and others, the global demand for industrial paper sacks is projected to grow at a moderate rate, generating a revenue of approximately US$ 5.5 Billion in 2019, as per a recent market intelligence report by Future Market Insights (FMI).

Proliferating Investments to Address Requirements in Promising Regions

The market for industrial paper sacks is spread across several emerging and developing regions, which contribute to the overall growth of the industrial paper sacks market, as per the report. It is also estimated that the emerging markets of APAC will hold maximum investment opportunities for industrial bulk sacks manufacturers.

This is further substantiated by the proliferating developments witnessed in this region by various companies. Strategic investments remain a major driving factor for the companies that aim to grab the potential opportunities in promising segments. For instance, KYM Holdings Berhad, a leading manufacturer and marketer of industrial paper bags and paper egg trays recently invested an amount of RM65 million to modernize its plant in Tapah, Malaysia. The company would further introduce a new high-end product line of industrial paper sacks, thereby boosting the export of industrial paper sacks to the Asian market. The investment is expected to boost the production capacity of the company’s fully-owned subsidiary, Hasrat Meranti Sdn Bhd.

Pinched bottom-type Industrial Paper Sacks Reflecting Major Growth

Amongst the available variants of industrial paper sacks, the pinched bottom industrial paper sacks are gaining major adoption in various sectors. Owing to the increasing utilization of pinched bottom industrial paper sacks are expected to register a substantial market value of nearly US$ 1.9 billion in 2019. Leading providers of industrial paper sacks are focusing on this industrial paper sacks type to benefit from the demand for the pinched bottom industrial paper sacks.

The Eurosac Grand Prix award-winner MailerBAG by the leading industrial paper sacks manufacturer, Mondi Group is made of a high-performance sack kraft paper. This product attained high sustainability rating for being a renewable, lightweight, reusable, recyclable product. This bag is available in the most promising pinch bottom or folder construction.

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Ginseng Consumption to Increase in 2019 as Applicability Widens

From its prolonged use in the traditional Chinese medicine to becoming an ultimate preference in healthy diet and lifestyle, the market has witnessed major developments over time. Ginseng has various health benefits including antioxidant and anti-inflammatory features, improving the brain functioning, reducing risks of virus and microbial infections, and others, owing to which the root finds its extensive application in food and beverage, pharmaceutical, healthcare, and other sectors. Moreover, the ginseng is also used in dietary supplements, thereby boosting the profitability for providers.

New Farms to Boost Production

The growth of the ginseng market is further supported by the burgeoning production of the root. The new emerging innovations are significantly contributing to the ginseng production growth. Similarly, Botalys, a ginseng producer in Western Europe, plans to make investments in the Ath, Belgium for the installation of a vertical farm that would cultivate rare plants. A 3 million euros raised for this project by the company shows that efforts towards boosting the production of unique plants including ginseng. The company stated that the newly developed hydroponics cultivation designed by company founders aims to obtain high quality and constant ginseng. Moreover, the process avoids the use of solvents, pesticides, or enzymes, making the cultivation process, a completely natural one, reducing the environmental footprint. Apart from this, the company has made several other contracts signed and aims to boost the production and also make significant developments in the industrial phase.

Promoting a Healthier Lifestyle with New Products

Owing to its health benefits ginseng has gained tremendous significance amongst consumers. Companies are focusing on utilizing the existing features of ginseng and innovating even further in terms of the ginseng benefits. On account of this, a leading ginseng producer in South Korea and a recognized player in the global landscape, Korea Ginseng Corporation (KGC) aims at the Malaysian market to get the Malaysian consumer base to adopt a healthier lifestyle. For this purpose, the company launched its new halal-certified Korean red ginseng product range. These new products are manufactured along the systematic cultivation management system and are well-designed to accommodate the busy and fast-paced lifestyles of modern consumers.

New Regulatory Law to Impact Ginseng Sale in West Virginia

While the ginseng landscape witnesses several developments in terms of production of ginseng, certain regulatory laws and requirements are expected to impact the business for ginseng providers in the respective places. Similar laws are imposed upon the sale of ginseng in West Virginia, a US-state. This new law was introduced in the season of ginseng in West Virginia, in 2018, that states that the ginseng sellers are expected to have a photo ID issued by the government to sell the ginseng to registered dealers. Moreover, the government has also stated laws to levy a fine on sellers that carry out ginseng sales without government-issued photo ID, ranging from $500 to $1,000 and up to $2,000. Furthermore, the government also implies several regulations such as prohibiting digging to ginseng on state-owned lands.

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