Global Personal Protective Equipment Market - Rising Concerns over Occupational Safety Drive Growth

A report published by Transparency Market Research (TMR) on the global personal protective equipment market estimates the market to register a CAGR of 7.30% between 2014 and 2020.  The market is likely to increase from an overall value of US$34 bn in 2013 to an expected value of US$55.5 bn by the end of the forecast period. The study is titled, “Personal Protective Equipment Market - Global Industry Analysis, Trend and Forecast 2014 - 2020.

Personal protective equipment (PPE) refers to wearable equipment that protects the wearer's body from injuries, infections, and various physical, electrical, heat-borne, fire-borne, chemical-borne, and perils of airborne particulate matter. Protective clothing, goggles, industrial footwear, and helmets are some of the commonly used personal protective equipment. In the recent times, this equipment has witnessed a remarkable rise in demand. The increased concerns over the safety of employees at work have propelled the global market for personal protective equipment significantly.

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According to the report, the worldwide personal protective equipment market is likely to gain significant impetus from the untapped opportunities present in the developing economies of Asia Pacific and South America over the forecast period. However, the growth of this market is anticipated to be restricted in the coming years, as the rising automation of manufacturing processes has started to limit manual interference in operations.

The report analyzes the worldwide personal protective equipment market on three fronts: Its regional spread, type of equipment, and application. Europe, the Middle East, North America, South America, Asia Pacific, Russia, and Africa have been identified as the key regional markets for personal protective equipment in this research study.

Based on the type of equipment, the market has been classified into face, head, and eye protection equipment, hand protection, fall protection, respiratory protection, hearing protection, protective clothing, professional footwear, and other personal protective equipment. Among these, the professional footwear segment acquired the leading position in 2013 with a whopping US$7 bn. However, the fall protection segment, which stood at US$2.7 bn in 2013, is likely to post the fastest growth rate during the forecast period at a CAGR of 8.80%, notes the study.

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By application, the report has segmented the market into transportation, pharmaceuticals, food, chemicals, oil and gas, manufacturing, construction, and several other application. In 2013, the manufacturing segment exhibited the highest consumption of personal protective equipment, accounting for a total revenue of US$6.7 bn. However, the application of such equipment in the transportation industry is likely to increase at the fastest CAGR of 7.80% during the forecast period. The rapid increase in the logistic operations around the world is projected to stimulate the demand for personal protective equipment in this industry over the next few years.

Alpha Pro Tech Ltd., COFRA Holding AG, Oftenrich Holdings Co. Ltd., Uvex Safety Group, JAL Group, Avon Rubber Plc, Honeywell Safety Products, Rock Fall Ltd., 3M Co., and Ansell Ltd. are the major international manufacturers of personal protective equipment, mentioned in this report.

Greater Precision and Sophistication in Automation is the Way Ahead for Pharmaceutical Packaging Equipment Market, reports TMR

Transparency Market Research, in a report titled “Pharmaceutical Packaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that the global pharmaceutical packaging equipment market is anticipated to develop at a 6.80% CAGR from 2015 to 2021, rising from a value of US$5.1 bn in 2014 to US$8.1 bn by 2021

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This market is fueled by the rapid growth of the global pharmaceutical sector, stringent government regulations, rising demand for integrated packaging technologies, and increasing opportunities in developing countries. In contrast, the use of revamped packaging equipment is anticipated to hamper the development of the global market.

By product type, the pharmaceutical packaging equipment market is categorized into liquids, solids, and semi-solids. The segment of liquids packaging equipment enjoyed the largest share of over 45.0% in 2014, fueled by its favorable features such as reliability, efficiency, and easily coordinated filling and packaging.

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The pharmaceutical packaging equipment market is bifurcated into primary and secondary packaging equipment based on package type. 

Enjoying the larger share in the overall pharmaceutical packaging equipment market, the segment of primary packaging equipment is driven by the rising demand for unit dosage forms and favorable features such as ease of shelving and handling. This segment comprises equipment for bottle filling and capping, soft tube filling and sealing, aseptic filling and sealing, blister packaging, and sachet packaging. The segment of secondary packaging equipment includes equipment for case packaging, cartoning, and wrapping.

The global pharmaceutical packaging equipment market is geographically divided into North America, Asia Pacific, Europe, and Rest of the World. In 2014, North America emerged as the leading market for pharmaceutical packaging equipment, accounting for a 32.20% share.

 This regional market is fueled by the rapid development of the pharmaceutical industry, rising investments in the development of novel medicaments, and growing demand for sophisticated packaging and innovative drug delivery techniques. Accounting for a share of close to 30.0% in 2014, Asia Pacific is the second largest market for pharmaceutical packaging equipment, fueled by growing investments by existing manufacturers of pharmaceutical equipment.

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Multivac Group, IMA S.P.A., Korber A.G., Uhlmann Pac-Systeme GmbH & Co. KG, Romaco Pharmatechnik GmbH, Robert Bosch GmbH, Mg2 S.R.L., Bausch and Strobel Maschinenfabrik Ilshofen GmbHCo. Kg, Marchesini Group Spa, and Optima Packaging Group GmbH are the most prominent players competing in the global pharmaceutical packaging equipment market.

 These vendors are profiled in the report in a detailed section dedicated to the vendor landscape. Major players are identified and profiled based on aspects such as company and financial overview, business strategies, product portfolio, and recent developments.

Socks Market-Changing Competitive Dynamics 2015 – 2023

According to a new market report published by Transparency Market Research “Socks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the global socks market was valued at US$5.6 bn in 2014, at a CAGR of 8.5% from 2015 to 2021 to account for US$11.6 bn by 2023.

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Socks account for a small, but significant part of the apparel market and one’s dresser. Socks are consumer products. However, the global socks market is expected to experience exponential growth due to rising demand for high-end and luxurious socks.

The robust boom in the socks market has led to the entry of large and small scale companies. The socks market has recorded higher growth rate as compared to the overall apparel market in the past few years, driven by the changing fashion trends and rising per capita expenditure on socks.

Based on product type, the global socks market has been segmented into specialty socks, athletic socks, trouser socks, women’s socks, knee-high knitted socks, and others. Demand for various socks types is driven by demand for different footwear. For instance, high demand for athletic shoes is expected to boost demand for athletic socks. Specialty socks were the largest product segment, driven by their diversified use.

The socks market is booming as compared to the apparel market. Although a commodity item, socks have upgraded into fashion pieces owing to product development & diversification and commercialization. The socks market in developing regions is majorly driven by local players. However, the retail market is growing rapidly in the developing regions especially in Asia Pacific and Latin America which is expected to augment sales of socks during the forecast period. Moreover, introduction of novelty socks and improving retail network is likely to drive demand for high-end socks.

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Different types of fibers are used to manufacture socks. Usage of synthetic fibers to manufacture socks is expected to be high during the forecast period due to low cost and low moisture-holding capacity. Nylon and polyester socks account for considerable share of the global socks market. Demand for natural fibers such as cotton and wool is expected to decline, especially in the developing economies. Demand for synthetic socks has outpaced their natural fiber counterparts. However, demand for natural fiber knitted socks is considerably high in developed economies such as the U.S., Germany, the U.K., and France.

The men’s segment dominated the global socks market in 2014. Around 71% men wear socks every day. Driven by extensive usage of socks by men and improving fashion statements, the men’s segment is projected to witness steady growth at a substantial rate.

The socks market is fragmented, with presence of both large and small players owing to low entry barriers. However, high degree of coexistence and partnerships has been witnessed in the global socks market. For instance, Thai Socks Co. Ltd., a major supplier of socks in Thailand and Asia, has supply agreements with key players in the market such as Nike, Inc., Converse, and Paul Smith. Major players in the global socks market include Adidas Group, Nike, Inc., Puma SE, Cole and Parker Co., and RY International.

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Earthenware Market - Current Market Trends Forecast 2014 - 2020

Earthenware is a ceramic material that has a variety of purposes ranging from decorative objects, tableware to pottery. Most modern craft and amateur pottery is earthenware. Until porcelain became very widely used in the modern period, the great majority of pottery from the earliest times onwards was of types classed as earthenware. Earthenware has been made for over 9,000 years all over the world, and it continues to be a popular type of pottery. There are several types of earthenware, including: creamware, terracotta, faience, tin-glazed pottery, victorian majolica, yellowware, ironstone ware, raku and delftware among others.

 Earthenware is made by heating the clay at a range of 1000 and 1150 degrees Celsius and gloss fired from 950 to 1050 degree celcius. The blend of materials in earthenware varies, depending on the region, but it generally includes minerals such as feldspar, quartz, ball clay, and china clay or kaolin. Earthenware is less expensive than porcelain but they can also break easily as they are prepared at a temperature lower than porcelain. 

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Applications for earthenware include art ware, tableware, and other home decorative items. Terracotta is clay-based glazed or unglazed ceramic, where the fired body is porous. It is used in water and waste water pipes, vessels such as flower pots, along with sculpture such as Greek terracotta figurines and the Terracotta Army. Creamware is cream-coloured earthenware with a lead glaze over a pale body. It was created about 1750 by the potters of Staffordshire, England and serves as an inexpensive substitute for the soft-paste porcelains being developed by contemporary manufactories. Delftware denotes blue and white pottery made in and around Delft in the Netherlands and the tin-glazed pottery made in the Netherlands from the 16th century.

Delftware includes pottery objects of all descriptions such as ornaments, tile and plates. Faience is type of earthenware of high quality, which is made to look like Chinese porcelain with its opaque white glaze. Yellowware is type of earthenware named after the yellow appearance given to the clay used for its production. This earthenware originated in the UK in the late 18th-century and was produced in the US from the late 1820s. Ironstone is a type of vitreous pottery first made in the UK in 18th century. It has appearance and properties similar to fine stoneware. It was developed in the 19th century by potters in Staffordshire, England as an alternative for porcelain.

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The earthenware industry is driven by generic trends in home decorations. Opportunities can be found in niche markets where the high design products are promising. However, availability of modern low cost alternatives can hamper the growth of this market. 

Asia Pacific remains a lucrative market for the pottery and earthenware industry. China India, Thailand, Singapore, Philippines and Malaysia are the primary consumers of earthenware due to rising demand for home decorative items from a growing middle class population. Crafts made with earthenware are popular in these countries and the demand is expected to grow substantially in the coming few years. 

The vendors in the earthenware industry have to invest in logistics system and high-quality production processes, that guarantee fast delivery and the development of creative earthenware products in order to keep market share. Some of the key players in this market are Ceradyne, Stryker, Asahi Glass, CeramTec, Kyocera, CoorsTek and Corning among others. 

Biometric Systems to Become Key Target Segment of Companies in Global Digital Door Lock System Market, reports TMR

The global market for digital door lock systems features a highly competitive and fragmented competitive landscape, with low entry barriers for new ventures and intense price pressures owing to the dominance of local players across several regional markets, states TMR in a recent report. However, the high concentration of buyers in key regional markets is expected to lead to sustainable growth opportunities for established as well as new vendors in the market in the next few years. Low initial investment required for venturing into the field is expected to attract many new companies, especially in emerging economies. Some of the key vendors operating in the global market presently are Godrej & Boyce, Assa Abloy Group, Allegion PLC, and Siemens AG. 

Transparency Market Research states that the global digital door lock system will exhibit an excellent 32.8% CAGR over the period between 2016 and 2024. Expanding at this pace, the market is expected to rise from a valuation of US$920.7 mn in 2015 to US$11.23 bn by 2024. The volume-wise growth of the market is expected to surpass market’s revenue-wise growth, with the former expected to remain more than 52% CAGR over the period between 2016 and 2024. 

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Biometric Systems to Remain Most Preferred Product Category

Of the key varieties of digital door lock systems, the ones with biometric door locking capabilities are presently the dominant product segment, accounting for nearly two-thirds of the overall market in 2015. The segment is also expected to remain the dominant product variety in the global market over the near future as well, chiefly owing to the high rate of deployment of biometric verification modalities such as fingerprint recognition globally. On the basis of geography, Europe is presently the dominant regional market but is expected to lose prominence to Asia Pacific, which will exhibit expansion at the fastest pace, from 2016 through 2024. 

Vast Rise in MSMEs and Rapid Industrialization across Emerging Economies to Drive Market

It is estimated that there are more than 120 mn micro-, small-, and medium-sized enterprises across the globe, with nearly 89 mn of these operating in emerging economies such as China, India, and other Southeast Asian countries. The density of MSMEs is growing in low and middle-income countries at a faster pace than high-income or developed economies. In the next few years, the rising numbers of MSMEs will lead to vast rise in demand for efficient and low-cost digital door security solutions for workplaces. 

Along with this factor, the fast-paced industrialization in emerging economies is also a key factor driving the overall global demand for digital door lock systems. Geographic expansion of industries such as banking, IT, and ITes is leading to the need for new office spaces, presenting immense growth opportunities for digital door lock security systems market. 

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High Cost of Advanced Digital Door Security Systems to Restrict Potential Consumer Base

The relatively higher costs of product varieties manufactured by well-known brands and that incorporate advanced technologies as compared to the products manufactured by newer brands or with elementary technologies are limiting the potential consumer base of the market to a certain extent. Moreover, the high costs required for timely maintenance, troubleshooting, and repairs makes the use of digital door lock systems a costly affair. The high costs of digital door lock systems are especially limiting their mass adoption across emerging economies and low-capital companies. 

This review is based on a new market research report by Transparency Market Research, titled “Digital Door Lock System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Advent of 3D Printing Compels Specialty Printing Consumables Manufacturers in U.S. to Focus on Product Innovation, Observes TMR

With the advent of 3D printing, the U.S. consumer markets are witnessing a revolution in the packaging of products, finds Transparency Market Research. The 3D printing technology is experiencing a widespread adoption in a number of industries, thanks to reduced production wastage, it provides with. Leading specialty printing consumables manufacturers, such as DIC Corp., Xerox Corp., Canon Inc., HP Development Co., and Eastman Kodak Co. are working aggressively on product innovation to meet the increasing expectations of consumers. For instance, Canon has recently unveiled new resin 3D printer concept, which is, as Canon says, well suited for rapid prototyping as well as rapid manufacturing.

Over the coming years, the leading participants in the U.S. specialty printing consumables market will have to focus on strategic coalitions and forming partnerships with companies in other sectors in order to expand their product sale

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Rapid Expansion of Domestic and Industrial Markets in U.S. Influences Demand for Specialty Printing Consumables

The demand for specialty printing consumables in the U.S. is highly influenced by the rapid expansion of the country’s domestic and industrial markets. As these consumables are widely utilized in facilities such as offices, hospitals, schools, and colleges, new construction as well as expansion of these facilities offer a considerable growth potential to their manufacturers.

Going forward, the rise in the IT and the industrial sectors will boost the demand for specialty printing consumables significantly in the nation over the next few years. The widespread application of printing for the purpose of business communication and other business processes too will accelerate the sale of these consumables in the coming years.

Apart from this, the demand for these consumables will also be stimulated by the surge in the U.S. printing industry, propelled by the growing demand for attractive packaging.

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Specialty Printing Consumables Find Maximum Application in Office and Professional Usage

Analysts at TMR estimate the opportunity in specialty printing consumables in the U.S., which stood at US$24.1 bn in 2015, to rise at a CAGR of 4.40% during the period from 2016 to 2024 and reach around US$35.7 bn by the end of the forecast period. These consumables have found most of their application in the office and professional usage in this country and the trend is likely to remain the same over the next few years.

 Among all the specialty printing consumables, toners witness the highest demand. In 2015, they accounted for a share of approximately 48% in the market’s total revenue. Analysts expect this segment to remain dominant throughout the period of the forecast; however, the demand for specialty substrate is likely to register the fastest growth during the same period.

Similarly, the demand for lithographic printing is projected to remain the highest between all types of printing processes; however, digital printing will notice a significant surge in its application, making it the fastest growing segment.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Specialty Printing Consumables Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Decline in Milk Prices and Soaring Production Push Raw Milk Vending Machines’ Popularity Upward in Europe

Three companies collectively rake in a sizeable portion of revenues in the Europe raw milk vending machines market, limiting the scope for new entrants to thrive, reports Transparency Market Research in a new study. The three leaders, DF Italia S.R.L, Brunimat GmbH, and ProMeteA S.R.L, held 86.6% of the market in 2015. 

However, both large and small players are now focusing on strengthening their dealer network and adding value to their product portfolios to attract a wider consumer base. Improving the sanitation of these vending machines and enhancing their ergonomic features along with making a few customizations to cater to changing consumer demand will help these companies win bigger market shares, says TMR.

Increasing Milk Consumption and Plummeting Prices to Have Positive Impact on Sales

The positive impact on the rise of the raw milk vending machines market is being created by the plummeting milk prices and the soaring milk production. “The total milk production in Europe approximated 216 mn tons in 2013,” says a TMR analyst. The decline in the average price of milk and rising production levels have created an unprofitable situation for milk farmers. This will consequently lead them to explore alternative revenue methods. More farmers are thus investing in raw milk vending machines as they eliminate the need for middlemen by directly catering to the customers.

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The raw milk vending machines market is also likely to be boosted by the increasing consumption of milk due to growing awareness about its health benefits. Furthermore, indirect consumption of milk through chocolates, cheese, butter, and ice-creams are also poised to add to the escalation of milk sale in the near future, thereby complementing the installations of raw milk vending machines.

Fear of Bacterial Growth and Food Poisoning act as Impeders

The milk vending machine market in Europe does face restrictions such as the possibility of bacterial growth in milk containers. Studies have evidenced that raw milk is easily susceptible to the growth of Salmonella spp., M. Bovis, B. melitensis, and TBEV amongst others. Owing to these reasons, the high chance of food poisoning due to consumption of raw milk from vending machines is adversely impacting sales.

The possibility of selling other dairy products such as buttermilk, yogurt, cheese, and chocolate through these vending machines does, however, open up new avenues for growth. Thus, vending machine manufacturers are looking at adding additional compartments to sell other milk-related items, which have a fairly longer shelf life. Furthermore, vegetables can also be sold through these kiosks as they are refrigerated. The growing demand for convenient shopping options across Europe will create several opportunities for this market.

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 Transparency Market Research report states the opportunity in the Europe raw milk vending machine market will be worth US$17.97 mn in 2024 as compared to US$6.45 mn in 2015. Through the forecast period of 2016 and 2024, this market will expand at a CAGR of 12.5%. The fastest growing regional segment of the raw milk vending machine market is EU7, which accounted for US$2.89 mn in 2015. However, Rest of Europe is anticipated to rise at the highest CAGR between 2016 and 2024.

The analysis in this press release is based on the findings published by Transparency Market Research report, titled “Raw Milk Vending Machine Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Raw Milk Vending Machine Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 

Key Takeaways:

·         Key players collectively held over 86% of the raw milk vending machine market in Europe in 2015.

·         EU7 countries are the key contributors to the market with increasing milk consumption and dropping prices.

·         Manufacturers recommended to modify designs to alter vending machines to sell other dairy products to increase sales.

The raw milk vending machine market is segmented as below: 

Raw Milk Vending Machine Market 

By Geography

·         EU7 (The U.K., Italy, Spain, France, Germany, Belgium, and the Netherlands)

·         Commonwealth of Independent States (CIS)

·         Rest of Europe

Saudi Arabia Personal Protective Equipment Market Driven by Expanding Oil and Gas Sector, to Exhibit 7% CAGR 2015-2021

Transparency Market Research (TMR) has announced the release of a new report on the Saudi Arabia personal protective equipment market. The report contains detailed information on the historical trajectory of the market up to 2014 and studied forecasts regarding the market’s development from 2015 to 2021.

 The report is titled ‘Personal Protective Equipment Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’ and is available for sale on TMR’s official website.

According to the figures presented in the report, the Saudi Arabia personal protective equipment market generated revenue of US$275.1 mn in 2014. TMR analysts expect the market to exhibit a sturdy 7% CAGR in the 2015-2021 forecast period. This will result in the market’s annual revenue rising to US$444.2 mn.

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Personal protective equipment consists of various devices and contraptions that protect an individual from accidents in the workplace. Saudi Arabia has emerged as a promising market for personal protective equipment in recent years due to the rising incorporation of rules set by the Occupational Safety and Health Administration (OSHA) and the increasing awareness about worker safety. The Saudi Arabia market for personal protective equipment is expected to exhibit steady growth in the coming years and drive the overall personal protective equipment in the Middle East as a result.

The oil and gas sector is the major end user of personal protective equipment in Saudi Arabia. The industry accounted for 40% of the Saudi Arabia personal equipment market in 2014 and is expected to remain the leading end-use segment of the market for years to come. The rising demand for petroleum fuels is the primary driver for the Saudi Arabia oil and gas industry, thus indirectly driving the Saudi Arabia personal protective equipment market.

Based on product type, the report segments the Saudi Arabia personal protective equipment market into head protection, eye and face protection, professional footwear, protective clothing, fall protection, hand protection, respiratory protection, and hearing protection. Of these, professional footwear accounted for a dominant share in the Saudi Arabia personal protective equipment market in 2014. The dominance of the professional footwear segment can be attributed to its high demand from the oil and gas sector.

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Head protection equipment is expected to exhibit a robust growth rate in the coming years. The rising awareness about the importance of head protection is responsible for the growing demand for head protection equipment.

While the Saudi Arabia market for personal protective equipment is driven by the rising regulatory support and growing awareness, the increasing production of off-brand local products is a threat to the organized personal protective equipment market.

On the basis of geography, the Eastern province of Saudi Arabia accounted for the majority share in the personal protective equipment market. The established presence of oil and gas, construction, and chemicals giants in the Eastern province is responsible for the growing demand for personal protective equipment.

Condom Market - Low Costs and Perception of Higher Safety Working in Favor of Latex Condoms

China Condom Market: Snapshot

The China market for condoms has registered a strong growth trajectory in the past two decades. The government’s role in endorsing condoms as a safety measure post 2002 as compared to the earlier stand on endorsing condoms mostly as a hygiene concept has worked in favor of the market. This is evident from the tenfold rise in the yearly output of condoms in the country over the period between 1995 and 2015. The overall consumption of a variety of condoms has also significantly increased in China in the past few years, primarily owing to the active role of government bodies in educating masses about the use of condoms for preventing HIV and other sexually transmitted diseases.

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In 2015, however, the announcement of the country bringing an end to the one child policy has resulted in a sizeable reduction in the country’s overall annual consumption of condoms. A massive dip in shares of condom manufacturers’ revenues from countrywide sales of condoms was also observed by the end of 2015. Nevertheless, TMR analysis suggests that the awareness about condom’s role in preventing the risk of health complications will be a higher-impact trend than that of lessened use of condoms for the purpose of pregnancy prevention.

TMR states that the China condom market will expand at a healthy pace of over 12% over the period between 2016 and 2024 in terms of revenue. The market, which had a valuation of US$1.84 bn in 2015, is expected to rise to US$5.04 bn by 2024 at this rate.

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Low Costs and Perception of Higher Safety Working in Favor of Latex Condoms

Of the vast variety of materials used for manufacturing condoms, latex seems to be the most preferred choice among manufacturers. Consumers have shown the highest inclination to latex condoms, with the segment accounting for over 50% share in the market’s overall revenues in 2015. In terms of volume, latex condoms accounted for over 60% share in the overall market in terms of available product varieties in the same year.

The low costs of latex condoms combined with their promise of high level of protection and easy customization with the use of flavors, colors, and warming lubricants have worked well in the favor of this segment. In the next few years as well, latex condoms will constitute the largest share in the overall market in terms of revenue as well as volume by 2024. Concerns regarding certain allergic reactions resulting from latex condoms will have little impact on their appeal.

Development of Multifunctional Products Presents Promising Opportunity for Sun Care Product Manufacturers, says TMR

The global sun care market is extremely concentrated among key players such as Beiersdorf AG, Groupe Clarins, Johnson and Johnson, Coty Inc., Shiseido Company Ltd., L’Oreal, Bioderma Laboratories, Estee Lauder, Burt’s Bees, and Unilever. Transparency Market Research has found that companies in the sun care market have been engaged in enhancing skin protecting components and working toward the development of innovative products with the hopes of reaching out to a wide customer base. 

In June 2016, COTY Inc.’s brand Lancaster introduced a line of beauty and skin products with Full Light Technology. This technology is said to target 100% of the sun’s spectrum and absorbs, neutralizes, and reflects various light waves to reduce their harmful effect on the skin. 

Growing Threat of Skin Cancer Driving Sales of Sun Care Products

Sun protection is no longer the sole priority and consumers look for multifunctional products that can serve a number of requirements. The growing demand for multifunctionality in products is a key factor driving the global sun care market. “When buying a sun care product, added features and benefits, such as dark spot reduction, acne control, spot correction, skin renewal, moisturizing, and anti-aging are crucial for consumers,” the author points out. “Manufacturers are innovating their products in line with changing consumer demands and this has given sales a significant boost.”

The growing need for sun protection, backed by the rising concerns regarding the risk of skin cancer, has also influenced the market to a great extent. “The harmful effects of UVA and UVB rays are more of a concern now owing to alarming levels of global warming and depletion of the ozone layer,” the lead analyst comments. Skin cancer due to exposure to the sun is a major threat today and to combat this, consumers have stepped up the consumption of sun care products.

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On the other hand, the increase in cheap synthetic products, especially in North America, has emerged as a restraint to the growth of the sun care market. In addition to this, the strict imposition of labeling rules by the US FDA has rendered it difficult for manufacturers to sell their products. This is acts as a major deterrent.

Revenue-based Growth in Sun Care Market to Rise at 5.8% CAGR by 2024

The global market for sun care products is expected to register a 5.8% CAGR during the forecast period, with the opportunity in the market rising from US$15.8 bn to be worth US$24.9 bn by 2024. By type, sun protection products led the overall market in 2015 and is projected to generate a revenue of over US$15 bn by the end of the forecast period. After sun products are anticipated to register the highest CAGR of 6.2% from 2016 to 2024. Although self-tanning products are forecast to record modest growth in the coming years, their increasing demand in North America as well as Europe is likely to help them sustain in the overall sun care market.

By form, the sun care market is led by sun care creams. “However, this is a rather mature market and the growth rate of this segment will decline over the coming years,” the TMR analyst predicts. Sun care gels and sprays are likely to witness immense popularity through the forecast period, driven by rising consumer demand. By region, North America is the leading revenue generator in the sun care market, with Asia Pacific expected to register the fastest growth.

This review is based on the findings of a TMR report titled “Sun Care Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” 

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Online Clothing Rental Market: Drivers and Restraints Forecast 2016 – 2024

Online Clothing Rental Market: 

Online clothing rental comprises services through which individuals can rent items of clothing for a predefined period. These services are of benefit to individuals participating in occasionally conducted events, such as wedding parties, theme parties, corporate parties, and photoshoots and filmmaking. Fashion-conscious individuals lacking the financial resources to purchase the clothing of their choice can also make use of online clothing rental services. Moreover, online clothing rental services are also of use for individuals going through temporary changes in their physique, such as pregnant women. Rental services provide a cost-effective option for these demographics, which has driven the demand from the global online clothing rental market.

Online Clothing Rental Market: Drivers and Restraints

The primary driver of the global online clothing rental market is the increasing ease of use of online retail. Thanks to the rapid advancement observed in telecommunications technology, Internet shopping portals have grown in popularity rapidly over the last decade. The advancement in mobile Internet technology has further driven the demand for online shopping by making the process even more convenient. The rapidly growing middle class and corporate sector in developing economies has also expanded the target demographic for the online clothing rental market. Both these factors are expected to retain a strong influence on the trajectory of the global online clothing rental market in the coming years.

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Increasing Internet penetration in developing countries with a promising demographic breakdown, such as India, China, Brazil, etc. is also helping the online clothing rental market post a strong growth rate. While mobile telephony in these countries still lags behind developed regions such as North America and Western Europe, broadband Internet is becoming easily available for an increasing portion of the population, which has driven the demand for online shopping and online rental services.

The major restraint on the global online clothing rental market is the lack of customizability. In contrast to purchased items of clothing, which can be refitted according to the individual’s measurements or even customized before buying, rental clothing can’t be adjusted to precisely fit the customer’s needs. This leaves significant scope for discontent among users of online clothing rental services. In response to this, many companies in the online clothing rental market are starting to offer innovative features. Live chats with stylists are becoming an increasingly common feature, while some companies offer the same item in two sizes so that customers may try them on and choose the better fit. Such innovative solutions are making this inherent restraint on the online clothing rental market less cumbersome for market players.

Online Clothing Rental Market: Geographical Overview

The global online clothing rental market is led by North America, followed closely by Europe. Western Europe is by far the dominant segment of the Europe market, thanks to the high purchasing power and fashion consciousness of consumers in developed countries such as France, Italy, Germany, and the U.K. The easy availability of broadband Internet in these regions has also been a major factor in the growth of the online clothing rental market.

However, the larger population of dynamic Asian countries such as China and India is expected to swing the balance in the favor of Asia Pacific in the coming years. The purchasing power of APAC consumers is on the rise due to the growing GDP of developing economies in the region, while Internet penetration is also increasing at promising rates across the region.

In terms of competition, Rent the Runway, Share Wardrobe, Elanic Services Private Limited, Secoo Holding Limited, Stylish Play, FlyRobe, Walkin Closet, and Secret Wardrobe are the major players operating in the global online clothing rental market.

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

Declining Infant Mortality Rates and Strengthening Economies to Give Baby Diaper Sales in East Africa a Fillip, states TMR

Markets for baby diapers in most countries across East Africa are consolidated, with companies such as Procter and Gamble, Kimberly Clark, and Unicharm Corporation accounting for a large share in the markets’ revenues, states TMR in a new report. In Kenya, the largest contributor to the East Africa baby diapers market in terms of revenues, Procter and Gamble, held a share of 22% in 2015. Product cost being a key determinant of growth in the East Africa baby diapers market, with most countries falling in the developing category, companies have adopted strategies that can help cut down the final selling price of products. 

Favoring employment of their own distribution agents against the normal strategy of selling products through third party distribution channels is one such strategy that has worked for companies in East Africa. Market players are also focusing on the development of products with biodegradable materials to appeal to the environmentally conscious parents and innovative designs capable of tackling issues concerning effects of diapers on the health of infants. Among the other key vendors in the East Africa baby diapers market are Indevco Group, SCA Hygiene, Johnson and Johnson, Interconsumer Products Ltd., and Mega Soft (Fujian) Hygiene Products Co. Ltd. 

Rising Awareness about Personal Hygiene and Decline in Infant Mortality Rate Fuel Demand for Diapers in East Africa

In the past few years, awareness regarding the need for diapers as a personal hygiene measure for infants and babies has significantly increased among the urban dwelling population in East African countries. Active efforts undertaken by government and non-government organizations to educate the rural population about the need for maintaining hygiene to prevent the outbreak and contracting of infectious diseases has also significantly increased the usage of baby diapers across many countries in East Africa. 

Rise in disposable incomes and a notable decline in infant mortality rate have also emerged as key factors stimulating the demand for baby diapers in East African countries in the past few years. In developing countries, such as Kenya and Uganda, especially, infant mortality rates have substantially reduced in the past few years. In Kenya and Uganda over the period between 2013 and 2015, infant mortality rates have gone down from 38 to 35.5 and from 41.6 to 37.7 per 1,000 births, respectively. Birth rates are also rising considerably in other East African countries such as Tanzania, Rwanda, and Burundi. 

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The factor of declining infant mortality rates and rising birth rates is expected to have a strong impact on the market for baby diapers in East Africa in the near future. However, the factor will have a moderate impact on the market’s growth in the long-term scenario owing to rising awareness about population control in East African countries.  

Concerns about Potential Health Issues Make Parents Wary of Baby Diapers, Hinder Market’s Growth

Owing to the superior absorption capabilities of baby diapers, a tendency to change diapers after long gaps is rampant among parents. The extreme saturation in the diapers owing to longer in-between changing times causes rashes and other skin troubles to the delicate skins of infants. Some studies have also estimated that baby diapers, especially the disposable ones, lead to infertility as well as testicular cancer in males. Scientists believe that the high amount of heat created in soiled diapers can play a key role in developing such risks. These concerns among parents are restraining the overall development of the East Africa baby diapers market to a certain market