Surface disinfecting and sanitizing and hand cleaning are areas of the industrial and institutional cleaning wipes segment that have experienced strong gains due to the outbreak of COVID-19 — but, still, they have faced challenges. Continue reading
Despite a difficult year, professional nail care marketers continued to innovate and introduce new products and collections, keeping the market brimming with activity, although at a slower pace than in previous years. Continue reading
As consumers pay an increasing amount of attention to health and well-being, they also focus on “clean” or “green” labels. The specific definition of “clean” is still open to various interpretations from consumers. Although regardless of how they describe the term, food and beverage brands take notice and label products with specific claims to appeal to consumers.
The global basestock market felt a colossal impact on demand and supply as a result of the COVID-19 outbreak, and brightstocks were no different. Per Kline’s analysis, the brightstock demand declined by approximately 7.5% in 2020 compared to the demand registered in 2019. While the global market was impacted by demand shock during the initial period of COVID-19, the latter phase witnessed supply shock as well, since brightstock supply was in a deficit. This was a result of low basestock production, especially for Group I (including brightstocks), because of unfavorable refinery economics. Due to low fuel demand caused by pandemic-related restrictions, margins for fuel have declined considerably. As a result, refiners are not able to cash in on the current high margin regime for brightstocks, as their run rates are impacted due to constraints on the fuel side of operations.
What could have been a dismal year for the U.S. beauty market in 2020 turned out just as we predicted. After analyzing 20 different product categories, five trade classes, and the performance of hundreds of brands, we have found that the overall beauty market declined by a mere 0.2% in 2020 to $77.8 billion, essentially flat with 2019 sales. Continue reading
Weed resistance to herbicides is nothing new, but in the past 30 years, the number and spectrum of herbicide resistance have exploded and caused economic concern. In 1991, 120 weed biotypes resistant to triazine herbicides and 15 other herbicide families were documented throughout the world. Since then, nearly 500 unique cases of herbicide resistance have been reported. Some of the early herbicide resistance issues were mitigated through the development of corn and soybean crops resistant to the broad-spectrum herbicide glyphosate. However, repeated use of glyphosate over many years has led to widespread resistance of critical weeds to glyphosate. This has created a situation where farmers are concerned, and even panicked, by their inability to control weeds.
There have been a number of developments over the years in the biocides industry from regulatory clampdowns through to consolidations and divestments. This year we witnessed a record investment with the acquisition of Lonza Specialty Ingredients for US$4.7 billion a 13x EBITDA multiplier.
Regulations (mainly REACH, CLP, and BPR) have been changing the face of biocides in Europe over the last two decades and will continue shaping the market in the coming years. Some substances, such as OBPA (oxybishpenoxarsine), have been completely banned for years, while others, such as formaldehyde releasers, isothiazolinones, zinc pyrithione, zineb, and propiconazole, are currently facing regulatory pressure and uncertainty. All substances that are under close watch could see the appearance of a concentration limit, leading to a de facto phaseout, or it could be simply banned for use in all or several given applications.