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Following today’s (25 June) news about Japan signing the regional comprehensive economic partnership (RCEP) trade agreement involving China, Australia and the Association of Southeast Asian Nations (ASEAN): Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The trade deal marks the first trade agreement of Japan with its […]
Haircare market in India to grow at 9.1% CAGR during 2020-2025, forecasts GlobalData
The Indian haircare market is projected to grow from INR320bn (US$4.3bn) in 2020 to INR494.3bn (US$5.9bn) by 2025 at a compound annual growth rate (CAGR) of 9.1% over the 5-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Haircare – Market Assessment and Forecasts to 2025’ reveals that the Indian haircare […]
Thailand packaging market to reach 67.6 billion units in 2025, reveals GlobalData
The packaging sector in Thailand is expected to reach 67.6 billion units in 2025, registering a compound annual growth rate (CAGR) of 1.5% during 2020-2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Packaging Industry – Market Assessment, Key Trends and Opportunities to 2025’ reveals that the sector is majorly driven by […]
Food, beverage startups must understand evolving market dynamics to meet growing demand for alternative protein products, says GlobalData
Soaring appetite for livestock-based products are creating prolonged and persistent environmental and social issues. As a result, changing consumer behavior towards alternative protein options—due to health awareness as well as animal welfare, disruptive R&D technologies, new product launches, and subsequently venture capital (VC) investments are driving the growth of the global alternative protein industry. In […]
Growing urbanization to drive Malaysia’s packaging market at 2.5% CAGR through 2025, reveals GlobalData
The Malaysian packaging industry is forecast to grow at a compound annual growth rate (CAGR) of 2.5% from 17.6 billion units in 2020 to 20.2 billion units in 2025 due to growing urbanization and hectic lifestyles of consumers, reveals GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Packaging Industry – Market Assessment, Key […]
Mobile service revenues in Malaysia to stagnate over next five years, forecasts GlobalData
Malaysia’s mobile service revenue is expected to grow at a negligible compound annual growth rate (CAGR) of 0.7% from US$5bn in 2020 to US$5.2bn in 2025 given the steady decline in mobile voice and mobile messaging service revenues, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Malaysia Mobile Broadband Forecast […]
Indian startups raise US$8.1bn VC funding during January to May 2021, finds GlobalData
Indian startups stood next to Chinese counterparts in terms of venture capital (VC) funding value among the Asia-Pacific (APAC) countries during January to May 2021. A total of 499 VC funding deals were announced in India during the period while the corresponding disclosed funding value of these deals stood at US$8.1bn, according to GlobalData, a […]
Australian foodservice market to witness notable growth through 2025 with ‘home deliveries’ increasing further, says GlobalData
Australia’s foodservice profit sector is expected to register a noticeable growth, reaching A$88.7bn (US$65.7bn) in 2025 from A$57bn (US$39.6bn) in 2020 at a compound annual growth rate (CAGR) of 9.3%. The growth in home deliveries is likely to be instrumental in driving the foodservice growth, says GlobalData, a leading data and analytics company. Growing demand […]
Fleet electrification provides long-term solution for last-mile delivery in India, says GlobalData
Following the news that Hero Motors Company’s electric vehicle (EV) arm Hero Lectro has partnered with logistics firms Fast Despatch Logistics (FDL) and Turtle Mobility to deploy e-cargo bikes for last-mile delivery; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “India has been lately witnessing […]
India’s foodservice profit market to witness strong growth rate through 2025 with ‘home deliveries’ playing a key role, says GlobalData
Indian foodservice profit sector is forecast to grow strongly at a compound annual growth rate (CAGR) of 15.5% from INR8,366.6bn (US$117.5bn) in 2020 to INR17,220.3bn (US$219.4bn) in 2025. Increasing affinity among the consumers for home deliveries will drive the growth of delivery service providers like Zomato, which will be instrumental in pushing up the overall […]
Malaysia’s fixed broadband service revenues to register 10.1% CAGR over next five years, forecasts GlobalData
The total fixed broadband service revenue in Malaysia is expected to increase at a compound annual growth rate (CAGR) of 10.1% from US$1.6bn in 2020 to US$2.5bn in 2025, mainly supported by the growth in fiber-to-the-home (FTTH) subscriptions, according to GlobalData, a leading data and analytics company. GlobalData’s Malaysia Fixed Communication Forecast reveals that fixed […]
Malaysia pay-TV services market revenue to reach US$1.2bn in 2025, forecasts GlobalData
Pay-TV service revenue in Malaysia is expected to grow at a compound annual growth rate (CAGR) of 2% from US$1.1bn in 2020 to US$1.2bn in 2025, supported by growing direct-to-home (DTH) and Internet-protocol-television (IPTV) subscriptions, according to GlobalData, a leading data and analytics company. GlobalData’s Malaysia Pay-TV Forecast indicates that the average monthly spend per […]
Global vehicle market disappointing in May, says GlobalData
Although the global vehicle market is in recovery in 2021, the month of May was a reminder of ongoing demand fragility, according to the latest analysis by GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “Global light vehicle sales increased 36.2% in May versus last year, but in the […]
UK-based insurance giants reported highest top-line decline among their global peers in 2020, says GlobalData
The top 20 global public insurance companies reported aggregate revenue of $1,923.9bn, a year-over-year (y-o-y) decline of around 5%, in their top-line performance in 2020. There were 11 players that reported a drop in revenue and the most notable were UK-based insurers Prudential, Aviva and Legal & General, says GlobalData, a leading data and analytics […]
Green themes will dominate telco marketing agenda for rest of year, says GlobalData
Following news that Vodafone has confirmed that its entire European operations – including mobile and fixed networks, data centres, retail and offices – will be 100% powered by electricity from renewable sources from 1 July 2021; Emma Mohr-McClune, Service Director Technology at GlobalData, a leading data and analytics company, offers her view: “This is a […]
Malaysian foodservice profit market to grow by a CAGR of 10.9% driven by economic rebound, says GlobalData
Malaysia’s foodservice profit sector is forecast to recover strongly and grow from RM64.9bn (US$16 bn) in 2020 to RM109.08bn (US$27.08bn) in 2025 at a compound annual growth rate (CAGR) of 10.9%, says GlobalData, a leading data and analytics company. The industry growth is expected to recover with an increasing number of transactions as the economy […]
Increasing investment in wind power to lead UK’s transition from thermal power to renewables, says GlobalData
Renewable power capacity in the UK is expected to increase from 46.7 GW in 2020 to 110.5 GW by 2030, growing at an impressive compound annual growth rate (CAGR) of 9%. One of the prominent drivers for the renewable segment in the country is the growth of wind power, says GlobalData, a leading data and […]
Japanese packaging industry to reach 172.3 billon units in 2025, forecasts GlobalData
The packaging industry in Japan is forecast to reach 172.3 billion units in 2025, registering a compound annual growth rate (CAGR) of 0.7% during 2020-2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Packaging Industry – Market Assessment, Key Trends and Opportunities to 2025’, reveals that the sector is majorly driven by […]
Rigid plastics to drive China’s packaging market at 2% CAGR through 2025, says GlobalData
The packaging industry in China is forecast to reach 131.5 billion units in 2025, growing at a compound annual growth rate (CAGR) of 2% over the forecast period 2020-2025, driven by growth in the rigid plastics packaging, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Packaging Industry – Market Assessment, Key Trends […]
Australian packaging market to grow at 1.7% CAGR through 2025, forecasts GlobalData
The packaging industry in Australia is forecast to grow at a compound annual growth rate (CAGR) of 1.7% during 2020-2025 to reach 37.3 billion units in 2025 due to growing popularity of novel/unique packages and rising awareness about environment preservation, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Packaging Industry – Market […]