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The Malaysian hot drinks market is projected to grow from RM6.3bn (US$1.5bn) in 2020 to RM8bn (US$2bn) by 2025 at a compound annual growth rate (CAGR) of 4.9% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Hot Drinks – Market Assessment and Forecasts to 2025’ reveals that the […]
Hot drinks sector of Philippines to reach US$2.4bn by 2025, forecasts GlobalData
The hot drinks sector in the Philippines is projected to grow from ₱78.5bn (US$1.6bn) in 2020 to ₱121.8bn (US$2.4bn) by 2025 at a compound annual growth rate (CAGR) of 9.2% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Hot Drinks – Market Assessment and Forecasts to 2025’ reveals […]
Financial insecurities to slowdown APAC retail sales growth rate in 2021, says GlobalData
The general impact of COVID-19 pandemic in the Asia-Pacific (APAC) region is still of great concern for most of the consumers with 66%* of the respondents expressing deep concerns about their financial situation uncertainties, thus restricting the shoppers from spending freely on retail goods, says GlobalData, a leading data and analytics company. Among the concerned […]
COVID-19 proving lucrative for Korean food brands in India, says GlobalData
While the Korean culture wave or ‘hallyu’ has been slowly making inroads into urban India since many years, the COVID-19 pandemic has accelerated the demand for Korean cuisine. This growing fascination for Korean food reflects the openness of the Indian youth to embrace foreign culture and cuisine, as revealed by GlobalData’s Q2 2021 consumer survey*. […]
Toyota bets big on hydrogen for transition to carbon-neutrality, says GlobalData
Toyota is betting big on hydrogen technology in automobiles, both through fuel-cell EVs (FCEVs) and the hydrogen-powered engines, in a bid to become a carbon-neutral company, observes GlobalData, a leading data and analytics company. Recently, Toyota, Kawasaki, Subaru, Mazda and Yamaha have collaborated for production, transportation and use of hydrogen, the carbon-neutral fuel in the […]
Festive excitement boosts online retail sales in India, says GlobalData
With the festive excitement boosting the online sales, and tier 2/3 cities contributing more than before, the online retail sales in India are expected to grow from INR3,317bn (US$46.2bn) in 2020 to INR3,936bn (US$53.8bn) in 2021, forecasts GlobalData, a leading data and analytics company. Flipkart reported record sales in its ‘Big Billion’ days 2021 with […]
Asia to dominate global bisphenol A capacity additions by 2025, says GlobalData
Asia is expected to dominate the bisphenol A (BPA) capacity additions with a capacity of 2.09 mtpa by 2025. China accounts for 55% of capacity additions within Asia and the country is expected to lead the global BPA capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Bisphenol A […]
Mahindra & Mahindra eyes leadership in SUV and EV segments with new products line-up, says GlobalData
Following the news that Indian automaker Mahindra & Mahindra announced its plans to launch 13 new products by 2027 including eight EVs; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With these mid-term plans, Mahindra and Mahindra (M&M) eyes leadership in the core SUV segment […]
Pakistan to add significant LNG regasification capacity through 2025 to meet rising gas demand, says GlobalData
Pakistan is expected to register significant LNG regasification capacity additions in Asia between 2021 and 2025, contributing about 11% of the region’s total capacity additions by 2025. The increasing gas demand from the domestic and industrial sectors, especially from the power generation segment, is driving the regasification capacity additions in the country, says GlobalData, a […]
More CPG brands to launch recyclable toothpaste tubes in APAC to meet growing sustainable packaging demand, says GlobalData
Dow Packaging and Specialty Plastics, the China-based business division of the multinational materials science giant Dow, has recently introduced new recyclable toothpaste tubes for oral hygiene brands. Recyclable toothpaste tubes are just one among the wide range of innovative solutions that consumer packaged goods (CPG) brands are embracing to meet the growing consumers’ demand for […]
Market deregulation and rising demand drive China to dominate LNG regasification additions in Asia through 2025, says GlobalData
China is expected to drive liquefied natural gas (LNG) regasification capacity additions in Asia between 2021 and 2025, contributing about 36% of the region’s total capacity additions by 2025. Ever-increasing natural gas demand, need to reduce carbon emissions and liberalization of domestic gas market (leading to growth in investments in regasification segment from non-government companies) […]
Friction between HoReCa operators and food aggregators intensifying in India, says GlobalData
Indian food service operators and food aggregators have been at loggerheads for years over the latter’s commissions, lack of data sharing and policy changes. Even as online food orders have surged, the rift between the two continues to widen over a new clutch of issues including a new cancellation policy, and the recent Goods and […]
Nissan deepening footprint in India with new subscription service roll-out, says GlobalData
Following the news that Japanese automaker Nissan has partnered with car sharing company Zoomcar and leasing giant ORIX for vehicle subscription program in India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “So far, it has been a bumpy ride for Nissan as many of […]
India to lead global expandable polystyrene capacity additions by 2025, says GlobalData
India is expected to register the major expandable polystyrene (EPS) capacity additions globally between 2021 and 2025, contributing about 60% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All […]
India to dominate global styrene-butadiene-rubber capacity additions by 2025, says GlobalData
India is expected to register the highest styrene-butadiene-rubber (SBR) capacity additions globally between 2021 and 2025, contributing about 95% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Styrene-Butadiene-Rubber (SBR) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and […]
China to lead Asia LNG regasification capacity additions through 2025, forecasts GlobalData
China is expected to lead the Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions and Capex Spending in […]
Education and awareness initiatives to improve migraine treatment, says GlobalData
Gepants and monoclonal antibodies (mAbs) against calcitonin gene-relate peptide (CGRP) have transformed the treatment paradigm for migraine. Despite the availability of a plethora of drugs in the market in recent years, key barriers still stand in the way of their widespread use – particularly a low migraine diagnosis rate. Therefore, closing the diagnosis gap is […]
Falling Bundesliga club revenues and media rights may open gates for private equity investments in German league, says GlobalData
Germany’s premier domestic soccer competition has witnessed the ‘club sponsorship’ revenues fall by 9.4% in 2021/22 as the domestic media rights revenue has stagnated, down US$400m over four years, paving the way for a potential private equity partnership, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Business of the Bundesliga 2021/22’ reveals […]
India to account for 21% of APAC LNG regasification capacity by 2025, forecasts GlobalData
India is expected to register the second highest LNG regasification capacity additions in Asia between 2021 and 2025, contributing about 21% of the region’s total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global LNG Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All […]
Cibinqo impending approval to shake up EU atopic dermatitis market with heightened competition, says GlobalData
Pfizer’s Cibinqo (abrocitinib) is likely to be approved by the EU for the treatment of ‘moderate to severe’ atopic dermatitis (AD) by this year-end ensuing a positive European Medicines Agency’s (EMA’s) Committee for Medicinal Products for Human Use (CHMP) opinion on 15 October 2021. Following the approval of Lilly/Incyte’s Olumiant (baricitinib), and more recently AbbVie’s […]