CBD market heating up with retail revolution and regulatory developments

As consumers continue to show interest in cannabis products, mass retailers are embracing the products on a limited basis. CVS Pharmacy announced in March 2019 an agreement to sell Curaleaf topical CBD products in 800 of its stores across 10 states, including Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. Walgreens also announced at the end of March it will sell CBD products in cream, patch, and spray forms in 1,500 of its stores in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois, and Indiana.Continue reading

Cannabis is coming — what are the implications for the U.S. consumer products markets?

As of today, every province in Canada and eight U.S. states have legalized cannabis for both medical and recreational use.  Other U.S. states are expected to follow suit in the short-term, seeing value in its therapeutic effects as well as tax revenues from the legal sale of such products.  In fact, New Jersey’s Governor Phil Murphy announced he may sign a bill to legalize cannabis use by the end of October if state lawmakers can agree on an acceptable tax rate, ranging anywhere from 10% to 25%.  The Trump administration announced last week that it intends to pursue legislation lifting the federal ban on cannabis after the mid-term election on November 6, 2018 and some predict this could happen as soon as Spring 2019.Continue reading

Janitorial Cleaning Market

The Power of EU Regulations in the Janitorial Cleaning Market

Several European Union (EU) regulations are impacting the market for janitorial cleaning products, most prominently Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), aimed at improving the protection of human health and the environment from the risks posed by chemicals, Classification, Labeling and Packaging (CLP), adopted to clearly communicate to workers and consumers the hazards of chemicals through classification and labeling, and the Globally Harmonized System of Classification and Labeling of Chemicals (GHS), which went into effect in 2015, repealing Directive 67/548/EEC, for the classification, packaging, and labeling of dangerous substances.Continue reading

Global Rubber Process Oils

Regional Rubber Process Oil Markets are Converging, Forecasts Kline

Global rubber consumption, which has increased at a CAGR of over 2% in the last two years, is expected to accelerate in the next 5 to 10 years due to rising demand for tire and other rubber goods driving rubber process oil (RPO) demand. The global RPO market in 2013 is estimated close to 3 million tons according to the recently published Global Rubber Process Oils: Market Analysis and Opportunities by global consulting and research firm Kline & Company. “While the differences between regions in terms of growth rates and product consumption will persist in the future,” comments Kunal Mahajan, Energy/Petroleum Practice Project Manager, “with more countries adopting regulations for environmental RPOs and tire labeling, most markets are expected to converge into a global one in terms of types of products used. Additionally, growing tire demand and tire production facilities migrating to emerging economies, mainly in Asia, will result in RPO demand increasing more rapidly in emerging countries than developed countries.” Continue reading