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Asia set to contribute 56% of global new-build LNG regasification capacity growth by 2023, says GlobalData

Asia is expected to lead the global new-build Liquefied Natural Gas (LNG) regasification capacity additions from the planned and announced (new-build) projects. These additions are expected to contribute around 56% of the global new-build regasification terminals’ capacity during the outlook period 2019 to 2023, says GlobalData, a leading data and analytics company. The company’s report […]
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Top clean-packaging trends of APAC food and beverage industry in 2019, according to GlobalData

The packaging sector has undergone a significant transformation over the past decade and it continues to evolve. Against this backdrop, brands are exploring new strategies in line with consumers’ desire to lead an environmental-friendly, sustainable and more hygienic lifestyle. Sumit Chopra, Consumer Research Director at GlobalData, a leading data and analytics company, highlights the top […]
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Experience-driven APAC consumers willing to pay more for enhanced brand experience, says GlobalData

‘Experience Economy’ is one of the key drivers in the fast moving consumer goods (FMCG) consumption in the Asia-Pacific (APAC) region. Therefore, brands are making efforts to upscale their products and create ‘consumption experiences’ to engage new consumers, says GlobalData, a leading data and analytics company. GlobalData’s 2018 Q4 Consumer Survey reveals that 39% consumers […]
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Hengli Petrochemical (Dalian) to lead global purified terephthalic acid capacity additions by 2023, says GlobalData

Hengli Petrochemical (Dalian) Co. Ltd. is expected to lead the global planned and announced purified terephthalic acid (PTA) capacity additions during the period 2019 to 2023, contributing around 22% of the global growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to […]
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Asia set to lead global Acrylonitrile-Butadiene-Styrene capacity additions by 2023, says GlobalData

Asia is set to lead capacity growth in the global Acrylonitrile-Butadiene-Styrene (ABS) industry from planned and announced projects between 2019 and 2023, contributing around 74% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Acrylonitrile-Butadiene-Styrene (ABS) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts […]
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Brands relying on digital tools to simplify shopping needs of young APAC consumers, says GlobalData

Today’s consumers live in a rapidly digitizing world that is becoming seamlessly integrated into everyday life. In line with this, brands are embracing latest digital technologies and online platforms to create more engaging experiences for young consumers in Asia-Pacific (APAC), says GlobalData, a leading data and analytics company. GlobalData’s report, ‘TrendSights Overview: Smart & Connected – […]
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Nippon Paper looks to challenge Visy with Orora’s fiber packaging business in Australia, says GlobalData

Following the news that Japanese Nippon Paper Industries has agreed to buy Australian packaging company Orora Limited’s Australasian fiber business for US$1.15bn, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view:  “The Australasian fiber business includes B9 Paper Mill, units of fiber converting, specialty packaging, cartons, bags, functional […]
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Inbound health and wellness tourism to China set to double by 2022, says GlobalData

The number of tourists venturing to hotel/resort spas within China is forecast to double from 7.5 million in 2018 to 14.8 million by 2022, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight: China – Analysis of source markets, infrastructure and attractions and risks and opportunities’, states that […]
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India leads with 18% of global LNG regasification capacity additions from new-build projects by 2023, says GlobalData

India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – India Continues to Dominate Global […]
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Indian bakery and cereals industry is poised to grow at a high value CAGR of 9.9% over 2018–2023, says GlobalData

Growing economy and rising disposable income are driving the bakery & cereals sector in India, which is estimated to grow at a high compound annual growth rate (CAGR) of 9.9% from INR491.7bn (US$7.2bn) in 2018 to INR787.8bn (US$10.6bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Bakery & Cereals […]
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