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Efficiency and convenience are two most prominent factors driving APAC consumers to purchase products, says GlobalData

The Asia-Pacific (APAC) consumers have shifted their preference towards hyper-convenient, technologically advanced and environmental-friendly products across the fast-moving consumer goods (FMCG) range. This shift has upsurged to such an extent in the last few years that more than 63% of the consumers from the region are seeking for products that save their time and effort, […]
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Japan is the destination market with the most potential, says GlobalData

GlobalData recently released its Tourism Potential Index report, which aims to offer a clear view of the potential for growth of the main developed and emerging national tourism industries; Johnatan Vandesquille, Analyst, Travel & Tourism, at GlobalData, a leading data and analytics company, gives more detail about the outcomes of this research: “According to GlobalData’s […]
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Bira91 leads craft beer market in India, says GlobalData

The India Craft Beer market is projected to have reached 43 million litres in 2019 from 0.15 million litres in 2014. It has grown a staggering compound annual growth rate (CAGR) of 304% during the period 2014 and 2018, says GlobalData, a leading data and analytics company. According to GlobalData 2018 Q4 consumer survey, 55% […]
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China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s share, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Refinery Maintenance Review, 2019 – Asia Incurs Highest Planned Maintenance in the Year’, reveals that […]
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Nestle moves towards waste-free future by switching to food-grade recycled plastics, says GlobalData

Following the news that Nestle SA has pledged to invest US$2.07bn (CHF2bn) on food-grade recycled plastics in its packaging; Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “As society as a whole embraces environmental awareness and protection, consumers expect brands to reflect those and act responsibly in […]
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Asia and Middle East set to contribute 30% of global new-build crude oil trunk pipeline length additions by 2023, says GlobalData

Asia and the Middle East are expected to collectively contribute about 30% of the global new-build crude oil trunk/transmission pipeline length additions by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
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Asia to account for half of global petrochemical capacity additions by 2030, says GlobalData

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total […]
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