As COVID-19 continues to spread across the world, it continues to impact global markets, including personal care. While many personal care products are essential, others are not, including products for which consumers will make alternate choices. Consequently, the pandemic is expected to adversely impact the demand for personal care ingredients. However, the impact is expected to vary from one product category to another.
The market of ingredients for household, industrial, and institutional (HI&I) cleaning applications is going through changes across all regions of the world. Innovation in dosage forms, increasing disposable income in developing countries, the growing importance of the green movement, and environmental regulations are some of the key trends driving those changes. Herewith, we are highlighting some insights into the Chinese market from our HI&I study, scheduled to be published in Q4 2020.
Biotechnology is one of the fastest-growing categories of cosmetics products in the world.
In the personal care actives industry, the term “biotechnology products” indicates all products manufactured through bioprocesses, which primarily includes products produced with extracts from micro-organisms. Cosmetics companies are gradually adopting these technologies, as they offer better results on topical application and meet consumer demand for high-efficacy and natural products. Moreover, growing consumer awareness about sustainable sourcing favors the growth of biotechnology actives, which are derived from natural sources.
As COVID-19 continues to have a negative impact across the world, the International Monetary Fund (IMF) has predicted the global economy to shrink by nearly 5% in June 2020—1.9% lower than the decline of 3.0% predicted in April 2020. One of the many industries damaged by the pandemic: personal care. While many personal care products are essential, others are not, along with products for which consumers will make alternate choices. In addition, demand for personal care ingredients will also be impacted, as ingredient demand will closely follow product consumption trends.
In more recent times, there has been a push toward developing renewable energy sources, carbon-neutral initiatives, and an integrated life-cycle that would develop and implement digitalization strategies to enable carbon reduction and accountability. The chemicals industry has been at the forefront of innovation, developing chemicals and materials to enable breakthrough technologies and the transition to a low-carbon economy.Continue reading
The market of ingredients for household, industrial, and institutional (HI&I) cleaning applications is going through changes across all regions of the world. Innovation in dosage forms, increasing disposable income in developing countries, increasing importance of the green movement, and environmental regulations are some of the key trends driving those changes. Herewith, we are highlighting some early findings from our HI&I study, scheduled to be published in Q4 2020. In this blog, we will focus on the United States, Europe, and China. Our next blog will cover the remaining regions included in the study: Brazil, India, Southeast Asia, and the Middle East. So keep an eye on our website’s blogs section: https://klinegroup.com/category/chemicals/
Synthetic latex polymers are essential components of many consumer and industrial products. These polymers are governed by several different application markets, ranging from paints, adhesives, and construction to tires, leather, and more. The synthetic latex polymers market, as studied by Kline for close to 50 years, broadly depends on a combination of industrial output trends and consumer market trends in each country or region. More specifically, their markets in individual applications depend on end-use industry factors.
About a decade ago, Staples started carrying select cleaning products in its stores to help offset declining sales and low margins on some office supplies being sold. These products were largely targeted at small- to mid-sized commercial end users in office and professional settings, such as office managers. Therefore, the product mix was mainly surface wipes and restroom cleaning products. Continue reading
While the spotlights are on biopharmaceuticals, the OSDF segment represents more than half of the 1100+ billion USD global pharmaceutical market. With sizeable markets in large developed countries but also large growth potential in some other parts of the world, it is the segment with the greatest opportunities for excipients suppliers.