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Thailand’s food and beverage (F&B) industry is undergoing a significant shift towards sustainability as regulatory pressures and consumer demands for eco-friendly packaging continue to rise. With sustainability increasingly at the forefront of business strategies, industry leaders like Tetra Pak Thailand are taking significant steps to drive the adoption of circular packaging solutions. Underlining the trend, […]
Advancements in robotics continue to transform oil and gas operations, says GlobalData
With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data […]
Global partnerships to foster Singapore Project RESET against cardiovascular diseases, says GlobalData
Given the rising prevalence of cardiovascular diseases (CVDs) among Singapore’s aging population, the National University of Singapore (NUS) Medicine has taken proactive steps with initiatives such as MOMENTUM-CVD and Project RESET to develop preventive measures. International collaborations are expected to strengthen these efforts, considerably advancing cardiovascular research in the country, says GlobalData, a leading data […]
Precision fermentation to boost Australia’s dairy alternatives sector growth, says GlobalData
Plant-based dairy drink alternatives, such as grain, nut, rice, and seed, have seen a significant increase in popularity among Aussies in recent years, largely due to their health benefits. Nonetheless, the growth of this category is being restricted by shortcomings in flavor, texture, aroma, and high costs. The emergence of new technologies, such as precision […]
AI will supercharge efficiency throughout agriculture sector, says GlobalData
Artificial intelligence (AI) is disrupting multiple industries with its decision-making capabilities and ability to interact with the physical world. With an ability to support precision agriculture, automate labor-intensive tasks, verify the sustainability of supply chains, and even accelerate the gene editing of crops, the technology has the potential to supercharge efficiency throughout the agribusiness value […]
APAC automotive doors market to reach 54.7 million units by 2029, forecasts GlobalData
The automotive industry is constantly evolving, with advancements in technology driving innovation in various aspects of vehicle design and functionality. One key component that has seen significant evolution over the years is automotive doors. The volume of automotive doors is projected to increase steadily over the next decade, reaching 54.7 units in the Asia-Pacific (APAC) […]
Vietnam debit card payments market to surpass $65 billion in 2028, forecasts GlobalData
The Vietnamese debit card payments market is forecast to register a compound annual growth rate (CAGR) of 13.7% between 2024 and 2028 to reach VND1,559.6 trillion ($65.6 billion) in 2028, supported by rise in banked and card penetration as well as constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics […]
Goldman Sachs and Houlihan Lokey top M&A financial advisers by value and volume during Q1-Q3 2024, finds GlobalData
Goldman Sachs and Houlihan Lokey have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume globally during Q1-Q3 2024, according to the latest Financial Advisers League Table, which ranks financial advisers by the value and volume of M&A deals on which they advised, by GlobalData, a leading data and analytics […]
Japan property insurance industry to reach $26.5 billion by 2028, forecasts GlobalData
The Japanese property insurance industry is set to grow at a compound annual growth rate (CAGR) of 2.8% from JPY3.2 trillion ($22.4 billion) in 2024 to JPY3.6 trillion ($26.5 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. As per GlobalData’s Insurance Database, Japan’s property insurance […]
Kirkland & Ellis top M&A legal adviser during Q1-Q3 2024, finds GlobalData
Kirkland & Ellis emerged as the top mergers and acquisitions (M&A) legal adviser by both value and volume globally during Q1-Q3 2024, according to the latest Legal Advisers League Table, which ranks legal advisers by the value and volume of mergers and acquisition (M&A) deals on which they advised, by GlobalData, a leading data and […]
MiniMed recall could erode patient trust in Medtronic’s diabetes care offerings, says GlobalData
Medtronic has recently announced an FDA class I recall of its MiniMed insulin pump system. A defect relating to battery life and pumps being dropped or hit was identified by Medtronic, leading to a recall of approximately 785,000 devices. The company has already reported 181 adverse events because of the defect. This announcement comes during […]
APAC EV infrastructure market to expand at 13.5% CAGR over 2024-29, forecasts GlobalData
Governments worldwide currently face the challenge of creating the strong infrastructure required to accelerate the shift toward electric vehicles (EVs). The Asia-Pacific (APAC) region is experiencing significant growth in this area, with China leading as a major EV market and boasting an extensive infrastructure. Government agencies and private entities in other nations in the region, […]
India coronary stent market set for 4% CAGR growth during 2024-2033, forecasts GlobalData
As coronary artery disease (CAD) cases continue to rise in India, the demand for advanced treatment options such as drug-eluting stents (DES) is gaining momentum. Against this backdrop, India coronary drug eluting stent market is expected to grow at a compound annual growth rate (CAGR) of 4% from 2024 to 2033, forecasts GlobalData, a leading […]
New duties to reduce competitiveness of European brandy in China, says GlobalData
Trade wars between the West and China have been an ongoing affair for more than five years. In a fresh salvo, the European Union decided to impose anti-dumping duties on Chinese-origin electric vehicles (EVs). In return, China opened an anti-dumping case and has imposed additional import duties on European-origin brandies. The elevated tariffs, which came […]
Consumer demand for novelty and customization compels brands to explore new product segments in India, finds GlobalData
Novelty and experimentation trends have changed the consumption patterns of consumers. Consequently, brands are continuously innovating in line with the growing personalization trend to maintain consumer interest while gaining a competitive edge over the rivals in India. New market disruption will help the brands tap into emerging markets and enhance their relevance, says GlobalData, a leading […]
Sustainability drives green cosmetics demand in Asia-Pacific, reveals GlobalData
Growing environmental concerns are pushing consumers to embrace sustainable and eco-friendly cosmetics in the Asia-Pacific (APAC) region. Consumers believe that synthetic ingredients will not only damage their skin but also pollute ecosystems. In response, manufacturers are using clean and natural ingredients to align with consumer preferences. As a result, the green cosmetics trend is gaining […]
S1P receptor modulators face uncertain future in Crohn’s disease amid efficacy and trial setbacks, says GlobalData
Pfizer’s upcoming presentation at United European Gastroenterology Week (UEGW) 2024 will reveal the initial findings from its CULTIVATE study of its sphingosine-1-phosphate (S1P) receptor modulator Velsipity (etrasimod) in Crohn’s disease (CD), showing modest efficacy in endoscopic response and remission rates. With its in-class competitor ozanimod also underperforming in trials, the outlook for S1P receptor modulators […]
PEEK interbody devices set to lead spinal fusion market, says GlobalData
Innovation in the global spinal fusion market is driven largely by advancements in navigation and imaging technologies. These innovations have enhanced surgeons’ abilities to accurately identify the source of back pain and to visualize the surgical area during a procedure, improving the precision of spinal fusion operations. Currently, pedicle screw systems hold the largest share […]
APAC automotive glazing market to expand at 1.4% CAGR over 2024-29, forecasts GlobalData
As the automotive industry progresses with technological advancements, enhancing vehicle performance and efficiency, customers increasingly demand superior driving comfort. This shift has heightened the importance of the automotive glazing segment, especially in the Asia-Pacific (APAC) region, where hot summer climates and dense traffic conditions are common. Moreover, the critical nature of road safety, particularly during […]
Rising demand for data centers prompts innovative cooling solutions, reveals GlobalData
The rapid growth of artificial intelligence (AI) has significantly increased the demand for data processing capabilities and capacity, leading to the expansion of data centers globally. As these facilities operate continuously, their energy-intensive equipment are raising concerns about sustainability. New cooling technologies and innovative approaches are emerging to address the environmental challenges posed by these […]