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The global acrylic acid capacity is poised to see considerable growth by registering a total growth of 19% by 2024. The acrylic acid capacity is likely to increase from 8.70 million tonnes per annum (mtpa) in 2019 to 10.35 mtpa in 2024. Among the regions, Asia leads the capacity additions and the region’s acrylic acid […]
South Korea’s packaging industry to grow at 1.3% CAGR through 2024, says GlobalData
The packaging industry in South Korea is expected to reach 51.7 billion units in 2024, growing at a compound annual growth rate (CAGR) of 1.3% during the forecast period 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Packaging Industry – Trends and Opportunities’, reveals that the industry is majorly driven […]
Asia to lead global Bisphenol A capacity additions by 2024, says GlobalData
The global Bisphenol A capacity is poised to register a total growth of 17% by 2024. The Bisphenol A capacity is likely to increase from 7.60 million tonnes per annum (mtpa) in 2019 to 8.89 mtpa in 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Bisphenol A Industry Outlook to 2024 […]
Japan’s packaging industry to reach 164.7 billion units in 2024, says GlobalData
The packaging industry in Japan is expected to reach 164.7 billion units in 2024, growing at a compound annual growth rate (CAGR) of 0.5% for the forecast period 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Packaging Industry – Trend and Opportunities’, reveals that the sector is majorly driven by growth […]
Convenient formats to drive Australia’s packaging market to 35.8 billion units in 2024, says GlobalData
Due to hectic lifestyles, consumers are increasingly opting for products that are offered in convenient packaging formats. In Australia, this shift is playing a primary role in the growth of the packaging sector, which is expected to reach 35.8 billion units in 2024, at a compound annual growth rate (CAGR) of 1.2% during 2019-2024, says […]
Indonesia’s packaging market to grow at 2.4% CAGR and reach 159.2 billion units by 2024, says GlobalData
The packaging sector in Indonesia is expected to reach 159.2 billion units by 2024 at a compounded annual growth rate (CAGR) of 2.4% for the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Packaging Industry – Trends and Opportunities’ reveals that the sector is majorly driven by growth […]
Malaysia’s packaging market to reach 18.5 billion units at 3.8% CAGR by 2024, says GlobalData
The packaging sector in Malaysia is expected to reach 18.5 billion units by 2024 at a compound annual growth rate (CAGR) of 3.8% for the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Packaging Industry – Trends and Opportunities’ reveals that the sector is majorly driven by growth […]
Philippines’ packaging market to reach 69 billion units at 3.3% CAGR by 2024, says GlobalData
The packaging sector in the Philippines is expected to reach 69 billion units by 2024 at a compound annual growth rate (CAGR) of 3.3% for the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Packaging Industry – Trends and Opportunities’ reveals that the sector is majorly driven by […]
Thailand’s packaging market to reach 74.5 billion units at 2.7% CAGR by 2024, says GlobalData
The packaging sector in Thailand is expected to reach 74.5 billion units by 2024 at a compound annual growth rate (CAGR) of 2.7% for the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Packaging Industry – Trends and Opportunities’ reveals that the sector is majorly driven by growth […]
China’s packaging market to reach 1,004.9 billion units at 1.8% CAGR in 2024, says GlobalData
Consumers are preferring and picking the time-saving and convenient options in food and drinks, which is driving the demand for innovative packaging options. The packaging sector in China is expected to reach 1,004.9 billion units in 2024, at a compound annual growth rate (CAGR) of 1.8% during 2019-2024, says GlobalData, a leading data and analytics […]
India’s packaging market to reach 422.3 billion units at 6.5% CAGR in 2024, says GlobalData
Changing lifestyle of consumers along with rising demand for products that offer an ease of convenience are the key attributes prompting the demand for portable packaging solutions. The packaging sector in India is expected to increase from 307.8 billion units in 2019 to 422.3 billion units in 2024, at a compound annual growth rate (CAGR) […]
Asia to lead global vinyl chloride monomer capacity additions by 2024, forecasts GlobalData
Asia is forecast to lead the global vinyl chloride monomer (VCM) capacity additions, which is likely to increase from 26.91 million tonnes per annum (mtpa) in 2019 to 31.25 mtpa in 2024 at an average annual growth rate (AAGR) of 3%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Vinyl Chloride […]
China seeks to overcome historical engine deficiency of aircraft, says GlobalData
The domestic development of new engines for China’s Y-20 aircraft could be an initial step towards remedying a historical shortcoming of its defense industry. The ability to produce efficient and effective aircraft engines is expected to improve the attractiveness of Chinese platforms for the foreign customers, offering China a greater opportunity to grow and strengthen […]
Vietnam activates renewable development spree, solar and wind to outshine others as cost declines, says GlobalData
The Vietnamese renewables industry has been gaining traction lately as the country considers renewable energy to play a pivotal role in achieving the optimistic Power Development Plan (PDP). The PDP is envisaged to improve electricity infrastructure and expand renewables in the power mix to accelerate decarbonization. Against this backdrop, solar PV and wind are expected […]
Temporary Chinese tariffs will severely impact Australia’s wine exports, says GlobalData
Following the news that China has announced tariffs of up to 200% on Australian wine from 28 November 2020; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The temporary tariffs which China has imposed on wine imports will severely impact Australian wineries and the wider Australian economy. Wine […]
Singapore’s ‘Travel Revive’ could be demonstrable example for MICE tourism recovery, says GlobalData
Singapore will not be able to rely on domestic tourism as only 176,000 domestic trips took place in 2019 when compared to 14.5 million international arrivals. Therefore, the country hosted the first physical travel trade show (Travel Revive) in Asia since the COVID-19 outbreak to boost inbound Meetings, Incentives, Conferences, Exhibitions (MICE) tourism. By collaborating […]
Renewable energy key to achieve ASEAN countries’ aspirational sustainability roadmap by 2025, says GlobalData
ASEAN countries have laid an aspirational five-year sustainability plan to improve the renewable energy (RE) capacity in the power mix to 35% to achieve the target of 23% of RE in the total primary energy supply by 2025. The renewables (including hydro) under this vision can witness a new capacity build of approximately 35-40GW by […]
Despite downturn, US shale operators finding new growth opportunities, says GlobalData
Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, a series of M&As were executed in the industry. Consequently, the US shale drillers have developed a renewed optimism and hence, could sense some new […]
Asia to lead global phenol capacity additions by 2024, says GlobalData
The global phenol capacity is poised to see considerable growth by registering a total growth rate of 17% by 2024. The phenol capacity is likely to potentially increase from 14.21 million tonnes per annum (mtpa) in 2019 to 16.64 mtpa in 2024. Among the regions, Asia leads the capacity additions and the region’s phenol capacity […]
Pace of economic recovery and demand dynamics to determine Southeast Asian plastics industry growth, says GlobalData
The COVID-19 continues to wreak havoc across the globe causing severe damage to the growth of the global and regional economies. Consequently, the Southeast Asian companies in the plastics industry are forced to downsize their capital expenditure (capex) for 2020 as a measure to sustain during the crisis. They are even compelled to undertake rationalization […]