How Is Rising Deforestation Rate Facilitating Biochar Demand?

Biochar, a type of charcoal, is extracted through the process of pyrolysis and carbonization, where it is generated as a by-product. This charcoal helps in increasing agricultural output, preventing soil-borne diseases, and improving soil quality. The high carbon content of this charcoal helps in improving the soil quality. Biochar based on batch pyrolysis kiln, gasifier and cookstove, microwave pyrolysis, and continuous pyrolysis technologies is being increasingly used to improve soil quality, which is deteriorating due to the extensive use of chemical fertilizers, large-scale mining activities, and faulty agricultural practices.  

Moreover, the surging deforestation rate will also help the biochar market advance at an exceptional CAGR of 17.1% during forecast period. According to P&S Intelligence, the market generated $4.27 million revenue in 2015. Deforestation is primarily caused due to the large-scale adoption of commercial agriculture practices, such as the cultivation of oil palm and soya bean and cattle ranching, and local subsistence agriculture. The increasing use of forest land for agriculture practices weakens the topsoil layer and reduces soil fertility due to the loss of biodiversity.

In recent years, the governments of various countries and numerous non-governmental organizations have initiated multiple projects to encourage the usage of biochar in several soil-related applications. For instance, the International Biochar Initiative (IBI), a non-government organization, offers a platform for promoting stakeholder collaboration, environmental and ethical standards, and good industry practices to support biochar systems that are economically viable and safe. IBI aims to produce 1 billion tons of biochar per year up to 2056.

Globally, the North American region led the biochar market in the recent past due to considerable demand for agricultural products and the constant focus of the agrarian community on improving soil quality and increasing crop yield. Moreover, the rapid degradation in soil texture and quality, owing to the large-scale consumption of chemical fertilizers and extensive mining and deforestation, also enhances the consumption of biochar, because of its potential to reduce soil acidity and the quantity of nitrogen leaching into groundwater.

Thus, the degrading soil quality, escalating deforestation rate, and burgeoning demand for food crops are expected to create an enormous requirement for biochar globally.

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Booming Manufacturing Industry Driving Demand for Industrial Gases in Asia-Pacific

With the expansion of petroleum, heavy metal, healthcare, food and beverage, electronics, and chemical industries, the demand for industrial gases is shooting up. This is because these gases are extensively used in these industries. For instance, carbon dioxide (CO2) is heavily used in the food and beverage industry for carbonating beer and soft drinks and making decaffeinated coffee. Similarly, acetylene is also extensively used in the oxy-acetylene flame in the heavy metal industry for welding and cutting. 

Furthermore, the surging demand for petrochemicals is also driving the need for industrial gases across the world. For instance, Invest India, which is a national investment promotion & facilitation agency, forecasts that the demand for petrochemicals will grow at a CAGR of 7.5% between 2019 and 2023, with the demand for polymer advancing at a CAGR of 8.0%. As hydrogen is required in petroleum refining and chemical production, the soaring requirement for petrochemicals will fuel its demand in the coming years.

Due to the aforementioned factors, the demand for industrial gases is rising sharply, which is, in turn, fueling the growth of the global industrial gases market. As per the estimates of the market research company, P&S Intelligence, the market value will surge from $92,392.4 million in 2019 to $154,079.5 million by 2030. Furthermore, the market is expected to advance at a CAGR of 5.5% from 2020 to 2030. Amongst oxygen, hydrogen, carbon dioxide, helium, nitrogen, acetylene, and argon, the demand for hydrogen was found to be the highest in 2019.

This trend is also predicted to continue in the forthcoming years, primarily because of its extensive usage in the chemical industry for producing various products such as ammonia. This gas is also heavily used in the oil-refining industry for removing sulfur from fuels. Across the globe, the demand for industrial gases is expected to rise at the fastest pace in the Asia-Pacific (APAC) region in the upcoming years. This will be because of the expanding manufacturing industry and surging healthcare expenditure in the regional countries.

Hence, it is safe to say that the demand for industrial gases will rise tremendously in the coming years, mainly because of the surge in several end-use industries such as chemical, oil & gas, and food & beverage, rising requirement for petrochemicals, and the mushrooming adoption of renewable energy sources all over the world. 

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Rising Consumer Electronics Sales Propelling Usage of Conductive Polymers

According to several sources, the world is home to more than 3 billion people with smartphones. Originally introduced to the developed world, they are now more-widely used in developing countries owing to their shifting manufacturing base to the latter and their dropping prices as a result. Moreover, people around the world are witnessing a rise in their purchasing power, which has played a vital role in propelling the sale of such consumer electronics.

Thus, P&S Intelligence expects the conductive polymers market revenue to grow from $4,441.7 million in 2017 to $7,341.2 million by 2023, at an 8.7% CAGR between 2018 and 2023. This is because these materials have become essential for such products, especially the lightweight and high-performance ones. Simply put, conductive polymers are plastic-like materials that conduct electricity and show optical properties that can be modified as per requirement. Thus, with the rising sale of consumer electronics in emerging economies, the consumption of such materials will only surge.

Another emerging application area of such materials is prosthetics and artificial limbs. Here, conductive polymers could help modify the shape and size of muscles and artificial limbs as per the stimulus coming from the human brain. Being organic, such materials would be readily accepted by the host’s immune system. Moreover, by bonding biologically useful molecules to such materials, their properties could be tailored to a specific purpose. Currently, tissue engineering research is going on to stimulate the cells and tissues attached to such polymers, modify the properties of the polymers themselves after synthesis, and even use them as drug delivery systems.

However, the application where the usage of conductive polymers is set to increase the fastest in the coming years is solar cells. Specifically, these materials are being used in organic, perovskite, and dye-sensitized solar cells. In organic cells, conductive polymers are used as buffer layers, donor layers, and micro/nanostructures in tertiary and binary devices. In perovskite cells, they are used to adjust the crystallization and nucleation processes in perovskite films and as electron and hole transfer materials and interface layers to reduce recombination and improve carrier separation efficiency. Similarly, in dye-sensitized solar cells, they are used as film- and pore-forming agents of photoanode films, flexible substrates, quasi-solid-state electrolyte frameworks, and platinum-free counter electrodes.

Presently, North America is the largest conductive polymers market because of the extensive research being conducted to explore and widen the applications of such materials. The region is home to the most-advanced medical device sector, which is why most of the trials and research activities regarding the usage of conductive polymers in prosthetics and implantable medical devices are being conducted here. In the coming years, the demand for such materials is set to shoot up in Asia-Pacific (APAC), home to the largest consumer electronics sector in the world. Moreover, regional countries are rapidly creating solar power plants, which are a key application area of conductive polymers.

Therefore, with continuous research being undertaken to come up with advanced materials for a number of applications, the demand for conductive polymers will only increase.

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Why will Demand for Adhesive Tapes Surge in Asia-Pacific in Coming Years?

The expansion of the automotive industry is driving the demand for adhesive tapes across the world. This is because tapes having adhesive characteristics are extensively used in the automotive industry, primarily in the form of protection tapes and double-sided tapes. Moreover, automobile manufacturers are increasingly preferring to use automotive tapes having adhesive properties over the conventionally used mechanical fasteners in order to reduce the weight of the automobiles. As mechanical fasteners such as screws and bolts increase the automobile’s weight, they are being rapidly replaced by lightweight adhesive tapes.

Besides the aforementioned factor, the development of recyclable adhesive tapes is also creating lucrative growth opportunities for the players operating in the adhesive tapes market. Many countries are restricting or banning the use of hazardous chemicals, which are generally needed for producing adhesive solutions. Additionally, various end users are preferring eco-friendly products such as water-activated tapes, which are biodegradable, over the traditional solutions, which is further boosting the popularity of adhesive tapes all over the world.

Owing to the above-mentioned factors, the revenue of the adhesive tapes market is predicted to rise from $54,333.4 million in 2017 to $74,954.6 million by 2023, while the market is expected to demonstrate a CAGR of 5.5% from 2018 to 2023 (forecast period). Depending on type, the market is divided into specialty and commodity tapes. Between these, the specialty tapes category is predicted to record faster growth in the coming years. 

The Japanese Adhesive Tape Manufacturers Association (JATMA) and the China Adhesives and Tape Industry Association (CATIA) are the two major organizations that are developing adhesive solutions in APAC. Apart from these factors, the existence of numerous major manufacturing companies such as LINTEC Corporation and Nitto Denko Corporation and the increasing efforts being made by them for commercializing adhesive tapes are also propelling the growth of the market in the region.

Hence, it can be said without any doubt that the demand for adhesive tapes will surge sharply in the forthcoming years, mainly because of their growing requirement in the automotive industry, which is itself exhibiting huge expansion across the globe.

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Sales of Silane To Surge in Asia-Pacific in Near Future

The mushrooming requirement for silane in the paints and coatings industry is fueling its sales across the world. Silane exhibits high resistance to chemicals, ultraviolet (UV) rays, and water and provides excellent adhesion, which makes it ideal for use in paints. Owing to this factor, the soaring requirement for paints and coatings, on account of the surging automobile manufacturing, especially in countries, such as Thailand, Malaysia, Brazil, Indonesia, and India, is positively impacting the worldwide demand for silane.

According to the India Brand Equity Foundation (IBEF), the production of automobiles in India surged at a CAGR of 2.36% from FY2016 to FY2020, with the country witnessing the manufacturing of 26.36 million automobiles in FY20. Furthermore, the organization reported that the sales of automobiles grew in the country at a CAGR of 1.29% from FY16 to FY20, with the sales of automobiles reaching 21.55 million in the country in FY20.

Apart from the surge in the automotive industry, the increasing construction and infrastructure development activities in several countries is also expected to fuel the silane market at a CAGR of 4.3% from 2018 to 2023. With the soaring population level, especially in urban areas, and growing disposable income and improving living standards of people, the demand for better and more modern civic infrastructure and transportation and housing facilities is rising.

Since silane is used as a raw material in the production of paints for automobiles and buildings, the expansion of the automotive and construction industries is causing a sharp rise in its demand across the globe. As a result of these factors, the revenue of the silane market is expected to rise from $1,577.9 million in 2017 to $2,047.0 million by 2023. Alkyl, amino, sulfur, epoxy, vinyl, mono/chloro, and methacrylate are the most widely used silane products across the world.

Hence, the demand for silane will shoot up across the world in the coming years, mainly because of the surging requirement for paints and coatings in the construction and automotive industries.

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Booming Automobile Manufacturing Fueling Demand for Thermal Spray Materials

The mushrooming popularity of the aerial mode of transportation is fueling the expansion of the aerospace industry, which is, in turn, driving the worldwide sales of thermal spray materials. Moreover, the increasing defense expenditure of several countries, such as India, the U.S., Japan, and China is also propelling the growth of the aerospace industry. For example, as per various estimates, China will spend more than $1.1 trillion in aircrafts over the next 20 years. 

As thermal sprays are extensively used in coatings, which are applied on turbo-machinery, such as high-pressure turbine seals, rotor-path linings, bearings, compressor seals, airframe, engine components, and oil seals, in order to improve fuel efficiency and fluid dynamics, reduce maintenance expenses, and prevent wear and tear, the soaring sales of both defense and commercial aircrafts are driving their demand across the world. Apart from the booming aerospace industry, the rising urbanization rate, especially in the Eastern European and Asia-Pacific (APAC) regions, is also fueling the requirement for industrial machinery in construction, automobiles, and consumer product industries.

As these equipment need thermal spray materials for preventing corrosion, erosion, wear, and various other damages, their rising usage is predicted to fuel the growth of the global thermal spray materials market in the coming years. According to the forecast of the market research company, P&S Intelligence, the revenue of the market will grow from $1,860.8 million in 2018 to $2,869.2 million by 2024. Furthermore, the market is expected to demonstrate a CAGR of 7.4% from 2019 to 2024.

Geographically, the demand for thermal spray materials was found to be the highest in North America during the last few years. This was because of the existence of a thriving automotive industry, owing to the soaring sales and manufacturing of automobiles and automotive components in the region. In addition, the region is home to some of the leading military and civil aircraft manufacturing companies, such as Lockheed Martin Corporation, Bombardier Inc., and The Boeing Company, which is also boosting the demand for thermal spray materials.

Hence, the demand for thermal spray materials will shoot up in the years to come, mainly because of their growing usage in automotive and aerospace industries across the world.

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Benefits of Fiber-Reinforced Plastic (FRP) Pipes

Despite a strong focus on reducing the consumption of fossil fuels, the demand for crude oil and natural gas keeps increasing. For instance, oil imports to India grew from $70.72 billion in 2016–17 to $101.4 billion in value in 2019–20, says the India Brand Equity Foundation (IBEF). Similarly, according to the Organisation for Economic Co-operation and Development (OECD), worldwide crude oil production increased from 3.41 million tonnes of oil equivalent (Mtoe) in 2000 to 3.97 Mtoe in 2017. This has been possible because of the rampant exploration and production (E&P) activities being undertaken around the world.

As per P&S Intelligence, the rising E&P activities will be one of the many reasons behind the growth of the fiber-reinforced plastics (FRP) pipe market value to $3.8 billion by 2023 from $2,134.4 million in 2016, at an 8.4% CAGR between 2017 and 2023. This is because these pipes are widely used in the oil & gas industry as they conform to the safety requirements this sector has to meet. These pipes possess high tensile and impact strength and fire resistance, which make them suitable and reliable for oil & gas companies.

For the same reason, FRP pipes are widely integrated in chemical and industrial facilities. With the growing population and its increasing disposable income, the demand for a wide array of industrial products and chemicals is rising. Moreover, governments around the world are taking initiatives to boost their industrial sector, by offering incentives for setting up manufacturing plants. This is the most apparent in developing countries, which are trying to boost their economy by attracting foreign direct investments in the industrial sector. Thus, with the construction of new chemical processing and manufacturing plants, the demand for FRP pipes is rising.

Moreover, the old iron pipes being used for utility purposes are being rapidly replaced with those made of FRP. This is because iron pipes are heavy and the metal is itself corrosion-prone, which increases the cost of laying and replacing them. As most such pipes are laid beneath the ground, replacing a corroded iron pipe requires a lot of mechanical effort. Thus, FRP pipes are now being used as they are resistant to corrosion and lightweight, so not only are they easy to carry and transport but longer-lasting as well.

Currently, the FRP pipe market is led by Asia-Pacific (APAC), which is home to the most people and largest manufacturing sector in the world. In addition, urbanization is also the fastest in this region, with the UN saying that among the countries leading this demographic shift in the coming years, China and India will be two of the most significant. Already, Tokyo, Delhi, and Shanghai are number one, two, and three, respectively, on the list of the most-populated cities in the world, with Dhaka, Mumbai, and Beijing also prominent names on it.

Hence, with the booming urban population driving industrial production and demand for potable water, the adoption of FRP pipes will burgeon.

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Booming Sales of Pharmaceutical Products Augmenting Demand for Hexamine

With the expansion of the pharmaceutical industry, on account of the burgeoning requirement for medical products, the demand for hexamine is rising sharply across the world. This is because hexamine is extensively used in various industries such as rubber, pharmaceutical, fuels, and explosives. Moreover, the surging population in several countries is majorly responsible for the growing poverty, which is fueling the rise in the incidence of diseases such as neurological diseases and urinary tract infections.

As hexamine is heavily used as an antibiotic for the suppression of bacteriuria in patients suffering from neurological diseases and the treatment of people suffering from urinary tract infections, the rising prevalence of these illnesses is propelling the demand for hexamine. This chemical is also used in the production of automobile tires, owing to its ability to act as an accelerator in the manufacturing of vulcanized rubber. Because of this reason, the surging sales and manufacturing of automobiles, due to the growing disposable income of people, particularly in China, are positively impacting its worldwide demand. 

This is, in turn, fueling the expansion of the hexamine market, owing to which, the revenue of the market is predicted to surge from $315.4 million in 2017 to $394.2 million by 2023. Furthermore, the market is expected to advance at a CAGR of 3.7% from 2018 to 2023 (forecast period). There are mainly two types of hexamine used across the world—stabilized grade and unstabilized grade. Between these, the demand for unstabilized grade was found to be higher in the years gone by.

This was because of the large-scale usage of this grade in vulcanization of rubber, resins, fuel tablets, urinary antiseptics, coatings, sealing compounds, and adhesives. Both stabilized and unstabilized grade hexamine are used in rubber, explosives, fuels, fertilizers, paper, leather, laboratories, resin, and pharmaceutical applications. Out of these, the usage of hexamine was found to be the highest in resin applications in 2017. This is credited to the fact that there are several uses of resins in various industries such as adhesives and plastics and also as coatings and laminates. 

Thus, it can be said without hesitation that the demand for hexamine will rise tremendously in the coming years, primarily because of its soaring usage in various industries such as automotive, plastics, and adhesives, which are themselves registering rapid advancement, and the mushrooming requirement for pharmaceutical products, owing to the rising incidence of various diseases across the world. 

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Why is Use of AdBlue Shooting Up in Asia-Pacific?

The increasing implementation of stringent regulations by the governments of many countries, especially in Asia, Europe, and North America, for mitigating vehicular emissions and improving fuel efficiency is fueling the demand for diesel exhaust fluid (AdBlue). For instance, the U.S. upgraded its emission regulations from the United States Environmental Protection Agency (USEPA) Tier 2 to USEPA Tier 3 in 2017. This was done to achieve a huge reduction in the emission of greenhouse gases from vehicles. Likewise, Euro 6 standards were enacted in Europe recently and the region is in the process of enacting more stringent amendments in the forthcoming years for reducing greenhouse gas emissions.

Additionally, the extensive usage of medium- and heavy-duty commercial vehicles such as construction and mining vehicles and trucks, on account of the rising industrialization rate, increasing construction activities, and improving logistics infrastructure, is also propelling the requirement for AdBlue across the world. Moreover, these vehicles are being used for delivering goods in remote and far-flung areas. According to various reports, the sales of trucks will rise to nearly 4 million by 2023, which will, in turn, push up the requirement for diesel exhaust fluid. 

Many developing countries such as Brazil, Russia, India, and China are witnessing a massive rise in infrastructural development and construction activities, which are fueling the expansion of the transportation and logistics industries. This is subsequently augmenting the usage of heavy-duty vehicles such as trailers and trucks, in which AdBlue is heavily used for reducing emissions. Furthermore, several governments are enacting regulations in order to reduce the generation of emissions from passenger cars. This is why the soaring sales of passenger cars in many countries are also positively impacting the worldwide demand for AdBlue, which is, in turn, fueling the expansion of the global diesel exhaust fluid market.

This is credited to the large-scale use of this fluid by various heavy-duty vehicles such as trucks, in which storage tanks and drums are used for storing the fluid. Additionally, with the burgeoning need for product transportation, the number of heavy-duty trucks is soaring, which is driving the requirement for bulk storage solutions. Geographically, the demand for diesel exhaust fluid is expected to rise at the fastest pace in the Asia-Pacific (APAC) region in the upcoming years, owing to the surging requirement for transportation for facilitating the movement of goods in the region.

Hence, it can be said with surety that the demand for AdBlue will soar in the coming years, on account of the surging usage of medium- and heavy-duty vehicles such as trucks and trailers and the increasing implementation of stringent emission regulations by the governments of several countries around the world.

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How Is Booming Construction Sector Steering Genset Market Growth?

Factors such as the burgeoning demand for data centers and the flourishing construction sector are expected to accelerate the genset market at a CAGR of 5.8% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $17,592.6 million in 2019, and it is projected to generate $27,863.0 million revenue by 2030. Moreover, the low power production and rising grid uncertainty in various countries will contribute to the market growth globally.

The demand for gensets is driven by the burgeoning number of data centers across the world. The increasing usage of autonomous cars, intelligent personal assistants, accounting services, digital currencies, and the internet of things (IoT) is encouraging the construction of data centers owing to the large volume of data generated by such advanced technologies. Data centers deploy generators to meet their prime and auxiliary power requirements. The critical appliances of data centers, such as backup controls, security systems, servers, and heating, ventilation, and air conditioning (HVAC) systems, require a continuous power supply for efficient operations.

The application segment of the genset market is classified into residential, industrial, and commercial. In 2019, the commercial category accounted for the largest market share due to the surging public infrastructure funding, increasing number of smart cities, and flourishing retail industry owing to the mounting customer expenditure. This category is further categorized into hotels, retail establishments, hospitals, commercial offices, telecom towers, and others, such as amusement parks, party halls, public transport agencies, petrol pumps, and cold storage facilities.

Whereas, the Middle East and African genset market is expected to demonstrate the fastest growth throughout the forecast period because of the poor grid connectivity in several regional countries. Moreover, the growing commercial activities and escalating urbanization rate in the U.A.E., Turkey, Egypt, and Saudi Arabia will drive the demand for gensets in the region. Additionally, the expanding construction industry owing to the ambitious infrastructure projects, such as Saudi Vision 2030, and extensive government focus on diversifying their economies will catalyze the market growth in the MEA.

Therefore, the rising number of data centers and booming construction sector are the key contributors to the market advance.

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Why Is Oil and Gas industry Using Bromine?

The rising need for energy-efficient storage technologies owing to the burgeoning production of renewable energy will augment the consumption of bromine (Br) in the forthcoming years. In recent years, bromine-based technology has emerged as a cost-effective solution for clean energy storage due to the constant research and development (R&D) being conducted in the power sector. This clean technology is being deployed in power grids, as bromine-powered batteries do not require any alteration in their electroactive materials for recharging.

Additionally, the escalating use of clear brine fluids in the oil and gas industry drive the bromine market at a CAGR of 5.7% during the forecast period (2020–2030). According to P&S Intelligence, the market generated $1,864.3 million revenue in 2019. Clear brine fluids are being used during oil and gas drilling as they reduce the bottom hole temperature and pressure in the borewells. Numerous soluble salts are added to such fluids after considering the pressure and temperature freeze points, clarity, freezing points, and densities of the wells.

In recent years, bromine manufacturers have been focusing on capacity expansion to meet the increasing requirement for this substance. For instance, in July 2018, LANXESS AG unveiled its plan to invest $56 million for enhancing bromine production at its El Dorado plant in the U.S. Similarly, in September 2019, the Industrial Products division of Israel Chemicals Ltd. announced its plan to increase its annual Br and Br derivative production capacity to nearly 25,000 tons by 2021.

Geographically, the Asia-Pacific bromine market accounted for the largest share during the historical period (2014–2019), and it is expected to continue this trend throughout the forecast period. This can be primarily attributed to the high-volume consumption and production of bromine in China. Additionally, the soaring consumption of bromine-based flame retardants in electronic, plastic, and insulation products will supplement the market growth in the region. In the APAC market, China generates the highest revenue due to the mounting number of derivative manufacturing plants in the nation, owing to the abundant availability of bromine and cost-effective labor.

Therefore, the burgeoning demand for energy-efficient storage technology and increasing use of clear brine fluids in the oil and gas industry will fuel the consumption of Br derivatives worldwide.

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Rising Demand for PVC To Boost Chlorine Market Growth

A number of factors, such as the increasing consumption of chlorine in water treatment applications, surging demand for polyvinyl chloride (PVC) from end-use industries, and presence of several global players, are expected to drive the growth of the chlorine market at a CAGR of 5.2% during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $36,845.0 million in 2019, and it is expected to reach $63,121.6 million by 2030.

One of the prime factors propelling the chlorine market is the surging consumption of the chemical for water treatment. This is due to its ability to kill waterborne germs, pathogens, and microbes, to make it safe for sanitation, drinking, and irrigation purposes. Further, developing countries are gathering knowledge on the adverse effects of consuming untreated water, which include waterborne diseases like typhoid, hepatitis A and E, and cholera. This chemical has the ability to prevent such diseases, which, in turn, drives its demand across the world.

The application segment of the chlorine market is categorized into ethylene dichloride (EDC)/PVC, isocyanates & oxygenates, inorganic chemicals, chloromethanes, and solvents. Among these, the EDC/PVC category held the largest market share in 2019, and it is expected to witness the same trend in the coming years. This is ascribed to the high-volume usage of the compound in the chlorination process for the production of EDC/PVC. With the increasing requirement for EDC/PVC from several end-use industries, such as construction, automotive, medical, and electrical & electronics, the demand for chlorine is rising.

Geographically, Asia-Pacific (APAC) held the largest share in 2019, and the region is projected to maintain its dominance in the market in the coming years. This is due to the surging consumption of the chemical in developing countries, including India, China, and Thailand, for the production of EDC/PVC and in water treatment applications due to the rising awareness regarding safe water. Besides, the heavy usage of chlorine as a bleaching agent in the pulp & paper industry of the region is expected to drive its demand in the coming years.

Thus, the rising consumption of chlorine for water treatment and the increasing demand for PVC are expected to propel the requirement for chlorine during the forecast period.

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Extensive Quinoa Farming in Latin America Pushing Up Organic Fertilizer Sales

The proliferation of huge organic foods and beverages retail markets in Europe and North America is boosting the demand for organic fertilizers across the globe. As per the observations of the International Federation of Organic Agriculture Movement (IFOAM), in 2019, the sales of organic items were majorly concentrated in Europe and North America for a short period of time. The sales of these products were considerably in countries such as France, the U.S., and Germany. 

This was mainly due to the high per capita income of the inhabitants of these countries. Moreover, as per the IFOAM, the demand for these products would climb in the forthcoming years, which will, in turn, growth opportunities for the organizations operating in the global organic fertilizers market in the future. The surging acreage and the number of organic farmlands is also pushing up the demand for organic fertilizers all over the world. 

This is subsequently driving the expansion of the global organic fertilizers market. The market value is predicted to grow from $4,512.1 million in 2019 to $14,746.2 million in 2030. Industry experts predict that the market would exhibit a CAGR of 14.1% from 2020 to 2030. The major sources of these materials are animals and plants. Of these, the sales of animal-based fertilizers were found to be higher in the last few years.

The main reason behind the high sales of these fertilizers was the high nutritional value of the fertilizers made from animal bones and fish waste. Moreover, these fertilizers cause healthy crop growth, on account of their greater nutritional value than the plant-based ones. Farmers in various countries had high awareness about the several advantages of these fertilizers over the plant-based ones. This further boosted the sales of animal-based fertilizers in the past years.

Across the globe, the organic fertilizers market would demonstrate the fastest growth in the Rest of World (RoW) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. The biggest factor fueling the rapid advancement of the market in this region is the large-scale farming of quinoa, especially in the Latin American (LATAM) countries such as Uruguay, Argentina, and Mexico. This is because organic fertilizers are heavily used in quinoa farming.

Thus, it can be said with full confidence that the sales of organic fertilizers would shoot-up all over the globe in the years to come, primarily due to the rising demand for organic foods and beverages in various countries across the world.

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Why Can Packaging Sector Not Survive without Corrugated Boxes?

Corrugated boxes are one of the most-common packaging materials today. A lot of the stuff ordered online, including consumer electronics, books, and even processed food, is shipped in such packages. Hence, with the e-commerce industry spreading its wings, aided by the increasing internet and smartphone penetration, the demand for corrugated boxes is only going to rise. Moreover, online shopping websites allow people to compare a multitude of similar products, avail of lucrative discounts and offers, pay electronically, and have the products delivered at their homes.

Thus, with the growing e-commerce industry, the corrugated boxes market size is set to increase to $284.6 billion by 2030 from $180.9 billion in 2019, at a 4.3% CAGR between 2020 and 2030. The COVID-19 pandemic has only helped the e-commerce juggernaut, as the widespread lockdowns and movement restrictions made a large chunk of the population shift to online shopping. Since packaging is the cornerstone of any supply chain, the demand for corrugated boxes boomed in 2020 and booming still.

Moreover, in the past, e-commerce companies have organized several large shopping fiestas to boost their sales, or as a promotional strategy. For instance, during the Amazon Prime Day of July 2019, 175 million orders were received by this retail giant. Similarly, other online shopping portals, such as Amazon.com and Flipkart, host the Great Indian Shopping Festival and Diwali-special shopping festivals each year, which drastically increases the number of orders and, in turn, the consumption of corrugated boxes.

As a result of all these factors, Asia-Pacific (APAC) has led the corrugated box market till now, and it will keep doing so in the years to come. China and India, driven by their huge population, growing e-commerce industry, and rapid urbanization, are driving the demand for all kinds of packaging materials in the region. Moreover, the large manufacturing base of these countries and of Japan and South Korea leads to a high demand for corrugated boxes.

Hence, with the boom in online and store-based shopping activities, the consumption of corrugated boxes will keep going up.

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Why Does Indian Farming Community Rely on Single-Cylinder Pumpsets?

India is the second-most-populated country in the world, and soon, it will be the most populated, overtaking China! This is already having far-reaching implications, such as urbanization, air pollution, and starvation. The last one because with cities expanding, farmers are finding it hard to grow crops to feed the populace. Moreover, just two sowing cycles are not enough to cater to almost 1.4 billion people and the many more to be born in the coming years.

This is why, as per P&S Intelligence, the Indian single-cylinder pumpset market revenue will rise from $1,126.8 million in 2019 to $1,834.3 million by 2030, at a 5.3% CAGR between 2020 and 2030. This is because despite rampant irrigation in the last few decades, the majority of the country’s farming community still depends on seasonal rains. Therefore, with weather patterns becoming increasingly unpredictable due to climate change, rains have no surety of arriving on time and in the desired volume. Therefore, farmers are heavily dependent on pumps to source the groundwater or water from canals and channel it to the fields.

The end use segment of the Indian single-cylinder pumpset market is categorized into commercial, industrial, and agriculture. Among these, the industrial category held the largest share during the historical period (2014–2019). The key industrial applications of such machines are thermal power production, either via fossil fuels or nuclear reactors; and mining and oil & gas activities. Therefore, as much of the country’s electricity (almost 60% as per the Ministry of Power) is still produced from fossil fuels, the demand for such pumpsets is high.

On the basis of state, Uttar Pradesh dominated the Indian single-cylinder pumpset market in 2019, and it will continue doing so over the forecast period. It is the most-populated state of India and also its most agriculturally productive, which reflects a huge demand for pumpsets. Other important states for single-cylinder pumpset manufacturers are Punjab, Haryana, Maharashtra, and Karnataka, which also make significant contributions to India’s agricultural sector, therefore will witness a rapidly rising demand for such systems over the forecast period.

Thus, with the burgeoning demand for produce, the sales of single-cylinder pumpsets will rise in India.

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Why is Indian Metal Polish Market Booming?

The Indian metal polish market generated a revenue of $26.51 million in 2019 and it is predicted to reach $37.10 million value by 2030. Furthermore, the market will advance at a CAGR of 4.6% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. The market is being driven by the increasing focus of organizations on improving the appearance and aesthetics of metallic surfaces and the increasing usage of metal polishes in the marine industry.

With the increasing disposable income of people and the surging per capita spending of residents in India, the demand for better lifestyles has surged sharply, which has, in turn, augmented the need for materials that can improve the aesthetics of products and their durability. Polishes help organizations achieve this objective for metals, such as copper, stainless steel, brass, chrome, and aluminum, as they remove corrosion and make the surface smooth. Due to the various beneficial traits of metal polishes, their sales are predicted to soar in the upcoming years, thereby driving the expansion of the Indian metal polish market. 

In addition, these polishes provide a shine to the marine vehicle’s deck. Thus, with the expansion of the marine industry, owing to the increasing maritime trade, the demand for metal polishes is soaring in the country. Depending on distribution channel, the Indian metal polish market is categorized into supermarkets/hypermarkets and department/convenience stores. Between these, the department/convenience stores category dominated the market in 2019, and it is predicted to retain its market dominance in the forthcoming years. This is attributed to the growing preference of industrial workers and residential consumers for buying these items from nearby hardware and general stores. 

When end user is taken into consideration, the metal polish market in India is divided into automotive, marine, and residential categories. Amongst these, the automotive category is predicted to contribute the highest revenue to the market in the coming years. This will be because of the soaring demand for metal polishes for removing corroded material from various automotive components and parts, as it many affect the vehicle’s efficiency. In addition, the surging manufacturing of automobiles in the country is predicted to propel the requirement for metal polishes in the coming years.

Hence, it can be said with confidence that the demand for metal polishes will soar in India in the coming years, mainly because of their surging usage in the marine industry and the growing requirement for aesthetically pleasing products and surfaces in the country.

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