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China is set to register the highest polyethylene capacity additions in Asia, contributing about 41% of the region’s capacity additions by 2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polyethylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Anunced […]
Philippines baby food market to decline by 4.5% CAGR through 2028, says GlobalData
The Philippine government’s efforts to improve public access to contraceptives and family planning have triggered a decline in childbirth rates, which is expected to lead to a decrease in the overall volume and value of sales of baby food in the country. Rising inflation will further constrain spending on baby food products in the immediate […]
Peru needs challenging targets for non-hydro renewables to overcome dependency on conventional power, says GlobalData
The National Energy Plan of Peru set a target of 60% power generation from renewable sources by 2025 and it includes 55% generation from large hydro. By 2030, the country expects that the non-hydro renewable energy contribution will increase from 5% to at least 20%. The 2025 target has already been achieved, and the 2030 […]
Potential association between ROBO2 and anthracycline-related cardiomyopathy in childhood cancer survivors holds important implications, says GlobalData
A genome-wide association study (GWAS) published in the Journal of Clinical Oncology has identified a potential association between a genetic variant, ROBO2, and anthracycline-related cardiomyopathy in childhood cancer survivors. The study has important implications as anthracyclines are a widely used chemotherapy drug class to treat various forms of cancer, with 50-60% of children with cancer […]
Redbubble Australia’s move to cut costs may provide relief in short run but high inflation could still weigh, says GlobalData
Australian retailers are cutting down on costs in an attempt to appease consumers who are becoming more price sensitive due to the high levels of inflation seen in the country. Redbubble Group, an online marketplace for gifts and merchandise, announced a cost-cutting program that involves laying off 20% of its employees in January 2023. The […]
Indian policymakers’ vision will boost AI startup ecosystem, says GlobalData
Following the news that Nirmala Sitharaman, India’s finance minister, has proposed three centers of excellence (CoEs) for artificial intelligence (AI) in the Union Budget for 2023; Shri Charan Padala, Principal Analyst in the Thematic Intelligence team at GlobalData, offers his view: “The Union Budget 2023 has sparked a new era in India’s rapidly evolving technology […]
Upstream fields to dominate upcoming oil and gas project starts in UK during 2023-2027, finds GlobalData
The upstream fields segment is set to dominate upcoming oil and gas projects in the UK, accounting for more than 65% of the total project starts anticipated between 2023 and 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Europe Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development […]
Asia to account for over half of global refinery CDU capacity additions by 2027, says GlobalData
Asia is set to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 52% of the total global CDU capacity additions by 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, “Refineries Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion […]
Türkiye earthquake losses will impact profitability of insurers and reinsurers, says GlobalData
Following the news that the series of earthquakes which struck Türkiye on 6 February was among the strongest in the last 100 years and have caused a massive death toll, and damaged nearly 8,000 buildings; Md. Shabbir Ansari, Senior Insurance Analyst at GlobalData, offers his view: “The preliminary estimate of economic loss due to the […]
Approved CD19 CAR-T agents to treat over 13,000 cancer patients annually by 2031, driving sales of Breyanzi and Yescarta, says GlobalData
The number of blood cancer patients receiving CD19-directed chimeric antigen receptor T-cell (CD19 CAR-T) therapies is set to boom over the next decade from approximately 3,700 patients in 2021 to nearly 13,500 patients in 2031. As such, Bristol-Myers Squibb’s Breyanzi and Gilead’s Yescarta are set to enjoy a lucrative period of high annual sales over […]
New Zealand’s buy now pay later market to reach nearly $2 billion in 2026, estimates GlobalData
Buy now pay later (BNPL) has become a popular payment tool in New Zealand, due to increasing demand for short-term credit coupled with growing consumer preference for online shopping. Given its popularity, the BNPL market in the country is estimated to grow by 28.3% to reach NZ$1.7 billion ($1.2 billion) in 2023, forecasts GlobalData, a […]
EU Parliament’s proposed deforestation law sparks interest in lab-grown alternatives to palm oil, says GlobalData
The EU Parliament’s proposed deforestation legislation mandates the prevention of the sale of products linked to forest destruction inside the EU bloc. This move is expected to significantly impact imports of several commodities, including palm oil. Moreover, the EU’s renewable energy directive which requires palm oil-based fuels to be phased out by 2030 will further […]
Asia to dominate global polyethylene capacity additions by 2027, says GlobalData
Asia is set to lead the global polyethylene industry capacity additions with a share of 42% by 2027, as it gains capacities from new-build and expansion projects between 2023 and 2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Polyethylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
Sub-Saharan Africa’s rising debt levels cloud construction growth in 2023, says GlobalData
Construction output in Sub-Saharan Africa grew by an estimated 1.7% in 2022, compared to a growth of 3.2% registered in 2021. The industry is forecast to record growth of 3.2% in 2023, however, significant downside risks persist, most notably the rising debt levels across the region, says GlobalData, a leading data and analytics company. GlobalData’s […]
Hydrogen market growth to surge in 2023 despite slowing global economy, says GlobalData
Hydrogen development, given its application across various industries, is indispensable to attain energy transition, meet decarbonization goals, and position leading companies as market experts. In 2022, green hydrogen production capacity reached over 109 kilo tons per annum (ktpa) worldwide, representing 44% growth compared to 2021, says GlobalData, a leading data and analytics company. GlobalData’s recent […]
H2 2022 sees 10 billion drop in total forecast sales of COVID-19 vaccines between 2021 and 2028, says GlobalData
Despite the continued success of prophylactic vaccines such as Pfizer/BioNTech’s messenger RNA (mRNA) vaccine Comirnaty and spikes in COVID-19 case numbers over the winter, prophylactic COVID-19 vaccine sales forecasts have seen an average decline between H1 2022 and H2 2022 of 7% in their predicted total forecast sales between 2022 and 2028, says GlobalData, a […]
Australia to spearhead ‘paperization’ of confectionery packaging in Asia-Pacific, says GlobalData
Leading multinational confectionery makers, Nestlé and Mars Wrigley Australia are set to test-launch their iconic chocolates and candy brands in paper packaging in Australia in 2023. The move, if successful, will trigger the ‘paperization’ of confectionery packaging in Australia, and potentially the Asia-Pacific (APAC) region. With this, paper & board packaging can challenge the dominance […]
Janssen and Eli Lilly collaboration to address lack of pediatric therapies could rescue mirikizumab program, says GlobalData
In recent years, there has been a steady increase in the number of agents approved to treat inflammatory bowel diseases (IBD), which has provided physicians with an increasing number of options to treat Crohn’s disease (CD). However, this progress is not reflected in the number of approved treatments for pediatric IBD patients. Of the seven […]
WH Smith’s partnership with Holland & Barrett will strengthen its already robust travel division, says GlobalData
Tash Tesseyman, Retail Analyst at GlobalData, offers her view on the announcement that WH Smith will trial a partnership with Holland & Barrett in three key travel locations: Heathrow Terminal 2, Gatwick North Terminal and London’s Euston Rail Station: “The addition of Holland & Barrett concessions in WH Smith travel stores has the potential to […]
Latham & Watkins and Kirkland & Ellis top M&A legal advisers by value and volume in power sector in 2022
Latham & Watkins and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the power sector in 2022 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised. Based on […]